The German Federal Financial Supervisory Authority (BaFin) is calling for the regulation of the decentralized finance (DeFi) sector. The regulatory body wants the European Union to endorse a clear and uniform regulatory framework for the sector. BaFin calls for crypto regulations The executive director at BaFin, Brigit Rodolphe, wants the regulatory body to go beyond …
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Ethereum is planning to transition to a proof-of-stake (PoS) consensus. With the plan for this transition underway, Cloudflare, a cybersecurity company, has announced plans to fully stake Ethereum validator nodes for the next few months. Cloudflare to participate in Ethereum node experiment Cloudflare is planning to focus on energy efficiency, speed and reliability of the …
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Woes in the Terra community are only deepening, and the chances of UST holders being compensated for their losses are growing smaller by the day. The Terra legal community team has reportedly resigned from the project, and the network’s legal matters are now in the hands of outside counsel. Terraform Labs Legal Team Resigns The …
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Solana Price Prediction – May 18The SOL/USD market price tends to lose momentum at $60 as the price has seemingly begun a necessary correctional signal closely beneath the value line. The crypto’s price has been rising and falling between $57 and $54 at a negative percentage rate of 4.42. Solana (SOL) Stastics:SOL price now – …
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Metatheory, a web3 interactive media firm founded by Twitch co-founder Kevin Lin, has secured $24 million in a Series A funding round. A press release unveiled this news earlier today, noting that Andreessen Horowitz (a16z) led the funding round. The company did not disclose its valuation. According to the press release, the financing round attracted …
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Litecoin founder Charlie Lee tweeted an estimated go-live date of May 19, at 20:30 PT, for the long-awaited MWEB upgrade. He signed off by prompting pools and miners, who haven’t already upgraded, to do so in preparation. MWEB is currently estimated to activate on 5/19 8:30pm PT (5/20 3:30am UTC). We’re thinking of doing a …
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Coinbase announced today that it will slow its hiring process this year and reassess its headcount as it struggles with the market downturn. Emilie Choi, the president and COO of Coinbase, said that the company wants to focus on other business goals it deems to be of the “highest priority.” Coinbase won’t be tripling its …
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The Group of Seven (G7) will likely discuss crypto regulation in a finance meeting this week in Germany. Francois Villeroy de Galhau, the Head of the French Central Bank, added that what happened in the past shows an urgent need for global regulation. He said this during an emerging markets conference in Paris. According to …
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Robinhood, the centralized exchange that offers commissionless trading in return for payment for order flow from market makers, has announced its web3 wallet. The wallet claims to offer crypto trades without swap fees and has over 150,000 people on the waitlist already. Users can jump up the waitlist by referring friends to the waitlist, but …
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The Australian tax agency has listed crypto-related profits among several priority areas where more efforts are needed to ensure correct reporting. The authority has reminded taxpayers they need to calculate any capital gain or loss from the sale of digital coins and tokens and record it in their tax returns. Australian Taxpayers Warned They Should …
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Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, has given his take regarding the future of Bitcoin’s usage. Bankman-Fried stated he doesn’t believe that Bitcoin will work as a payments network, due to its limited capability for scaling to fulfill this task. However, he believes it might become “an asset, a commodity, and a …
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Chinese authorities in Rong County recently said they have prosecuted eight individuals accused of being the masterminds behind the Magic Data Chain (MDC) pyramid scheme. The pyramid is thought to have handled transactions with a total value of over $147 million. Virtual Currency Pyramid Scheme Authorities in China’s Rong County, Zigong City, recently prosecuted eight …
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press release PRESS RELEASE. Algoracle has recently announced the close of its seed round for $1.5 million (USD) to help accelerate the development and launch of Algorand’s native decentralized oracle network. Algoracle’s seed round was led by Borderless Capital, with major contributions from the Algorand Foundation, Valhalla Capital, and Big Brain Holdings, and rounded out …
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A popular macroeconomic expert thinks the world is going through a recession period but remains confident that cryptos will be a viable investment class in the long term. In a new interview with the Investopedia Express podcast, Real Vision CEO Raoul Pal tells host Caleb Silver that the Federal Reserve’s recent decision to raise interest …
Bitcoin (BTC) circled $30,000 on May 18 after fresh comments from the United States Federal Reserve sparked n volatility. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: Extra Fed rate hikes “biggest risk” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating within a range in place since May 12. The pair had come unstuck …
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