A new investigative report published on The Verge has linked crypto mogul Justin Sun to many infractions. According to the piece, Sun, who co-founded Tron and also owns BitTorrent and Poloniex, has broken almost every rule in the book since he started his crypto journey. The many sins of Justin Sun The controversial CEO has …
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This week ex-Goldman Sachs CEO Lloyd Blankfein asked, “wouldn’t you think crypto would be having a moment now? Not seeing it in the price, so far.” Blankfein appears to have taken a step back from his January U-turn on crypto, where he claimed his views were evolving. Stating that he is keeping an open mind …
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Santander is developing the possibility of offering loans backed by tokens that are collateralized in agricultural products. The bank has partnered with Agrotoken, a company that launched a series of agricultural commodity tokens already being used in agriculture-related markets to make transactions. A pilot test has been conducted to validate the system used to produce …
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The regulatory arm of the United Arab Emirates (UAE)’s special economic zone, the Dubai International Financial Centre (DIFC), has unveiled a consultation paper outlining its proposed regulatory regime for crypto tokens. Changes to the Draft Legislation The Dubai Financial Services Authority (DFSA), the financial regulatory agency of UAE’s special economic zone, the Dubai International Financial …
The Avalanche Foundation has announced a new incentives program to support the use of subnets. The organization announced that the program, dubbed “Multiverse,” will connect developers with a fund of up to $290 million, approximately 4 million AVAX, to incentivize the growth of subnets, a trait that allows AVAX to spur multiple networks that share …
Avalanche Foundation, the non-profit fund for the smart contract platform Avalanche (AVAX), just launched a $290 million incentive program to support the development of popular sectors in the crypto space. The Avalanche Multiverse program aims to boost the adoption and growth of the network’s “subnet” functionality, which enables the creation of scalable app-specific blockchains within …
Paolo Ardoino, the chief technology officer at Tether, believes that the growing developments around central bank digital currencies (CBDCs) globally wouldn’t really impact the role of private stablecoins. Ardoino shared his two cents in a Twitter thread on the growing discussion around CBDCs and what could be their role in the current payment system. He …
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Bitcoin (BTC) reversed in classic fashion on March 10 after bulls failed once again to hold higher levels. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bart’s back on the Bitcoin chart Data from Cointelegraph Markets Pro and TradingView showed BTC/USD forming a characteristic “Bart Simpson” retracement pattern overnight on Wednesday. The pair had managed to …
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HodlX Guest Post Submit Your Post According to reports, the state of Colorado will become the first state to accept cryptocurrency for tax payments after Governor Polis signed the Digital Token Act. There are plans to potentially expand the new payment method into other areas, including license fees. After the acceptance, the crypto would be …
Gas fees for transactions on the Ethereum (ETH) blockchain have dropped to the lowest levels since August. But they’re still not cheap. According to data sourced from Coinmetrics and shared by CryptoRank Platform, the seven-day moving average cost of an Ethereum transaction as of March 9 totaled $11.14, placing it back amongst the levels recorded …
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Conservative South Korean presidential candidate Yoon Suk-yeol has officially been elected as South Korea’s next president. The election was one of the closest in South Korean history, according to BBC coverage, which saw Yoon, representing the conservative People Power Party, claim victory over his more politically progressive opponent, Lee Jae-myung, by a margin of less …
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The price of the native asset for cross-chain decentralized exchange THORChain (RUNE) has spiked by 34% in a day following the activating of synthetic assets on the network. At the time of writing the price had settled back to a 21% gain over the past 24 hours to sit at $5.27.. Crypto synthetics or synths …
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The stock prices of crypto-related companies have jumped as the broader market reacted positively to President Joe Biden’s long-awaited executive order requiring US federal agencies to create a regulatory framework for digital assets, as well as exploring a future digital dollar. Coinbase (COIN) surged, up 10.5% at market close, while shares in Bitcoin-evangelist Michael Saylor’s …
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Symbiosis Finance is a multi-chain AMM DEX and liquidity protocol that allows users to perform any crypto token swap. After a long period of testing, Symbiosis announced its beta mainnet launch which enables instant swaps with no need for special software–leveraging a simple solution for moving liquidity across different chains. The core of the Symbiosis …
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Around the middle of this year, Ethereum, the second-largest blockchain in terms of monetary value, and with hundreds of billions of dollars worth of assets depending on its operation, will transition from the Proof-of-Work consensus algorithm securing the system today, to the Proof-of-Stake system of tomorrow – a procedure described by many as changing the …
Continue reading “Ethereum’s client diversity: with 66% running Prysm, is The Merge safe to pursue?”
