Ever since Non-Fungible Tokens arrived and started turning investors into overnight millionaires, the US government has kept a sharp eye on the market’s movement. And now, we have our very prosecution for the first-ever NFT insider trading. The prosecutors of Ney York’s Southern district arrested Nathaniel Chastain, former head of product of the world’s most popular …
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Bitcoin mining revenue and profitability have continued to slide along with the asset’s price this year as the crypto winter deepens. May has been one of the worst months for Bitcoin miners in the past year as revenue and profitability continue to tank. Bitcoin daily mining revenue tanked as much as 27% in May, according …
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Billionaire tech entrepreneur turned venture capitalist, Marc Andreessen says that Web3 and its underlying blockchain technology reminds him of the rise of the early internet. Andreessen, better known today as the co-founder of the blockchain-focused venture capital firm Andreessen Horowitz (a16z), originally found success by developing the first widely used web browser called Mosaic, and …
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The popular Mexican fast food chain Chipotle is now accepting cryptocurrency payments through digital payment provider Flexa at all of its over 2,950 United States based restaurants. Flexa announced the partnership on June 1st which will see Chipotle accept all the 98 cryptocurrencies Flexa currently supports including Bitcoin (BTC), Ethereum (ETH) and seven U.S. dollar-pegged …
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Optimism’s freshly launched governance token, OP, has plunged 40% since peaking at $2.10, leading members of the community to discuss baring those who dumped their tokens from future airdrops. Cointelegraph reported on Tuesday that the Ethereum layer-2 scaling solution was overwhelmed with demand for the first OP governance token airdrop, as 5% of the token …
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Bitcoin Uptrend Doubtful as It Slumps to Previous Low at $29.7K – May 31, 2022 Bitcoin’s (BTC) upward correction has been invalidated as it slumps to the previous low at $29.7K. The largest cryptocurrency is attempting to revisit the previous low. The downtrend will resume if the bears break below the $28,600 support. BTC/USD is …
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! A group of computer experts has signed a letter urging the US Congress to resist the influence of the crypto space and enforce a crackdown on the industry, Financial Times reported. The letter presented cryptocurrencies as an “unsound and highly speculative …
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👋 Want to work with us? CryptoSlate is hiring for a handful of positions! According to a report from Barron’s, Goldman Sachs is discussing with leading crypto exchange FTX to add some of its derivatives business into its operation. Per the report, Goldman Sachs wants FTX to integrate some aspects of their derivatives businesses, such …
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Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › 👋 Want to work with us? CryptoSlate is hiring for a handful of positions! KISS, a global false hair and nail manufacturer, joined forces with creative agency Movers+Shakers and NFT infrastructure company Niftmint to roll out …
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👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Fidelity Digital Assets, a subsidiary of Fidelity Investments, will double its headcount, adding 110 additional tech workers by the end of the year. The new hires, which include engineers and blockchain developers, will work on building the infrastructure needed to support …
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For years, traditional financial institutions in different parts of the world have been attempting to narrow the financial exclusion gap by extending their services to the unbanked population. Yet for many reasons, these institutions still cannot avail their products and services to everyone that needs them. Regulatory Hurdles While there are several reasons cited for …
Soros Fund Management’s chief executive and chief investment officer, Dawn Fitzpatrick, says cryptocurrency is here to stay and it’s already gone mainstream. She also believes that a recession is inevitable Soros Fund’s CEO: Crypto Is Here to Stay Dawn Fitzpatrick, chief executive and chief investment officer of Soros Fund Management, discussed cryptocurrency and the U.S. …
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JPMorgan CEO Jamie Dimon has warned that an economic “hurricane” is coming. “You better brace yourself,” he advised. “We just don’t know if it’s a minor one or Superstorm Sandy.” Jamie Dimon on the U.S. Economy and QT The CEO of JPMorgan & Chase, Jamie Dimon, warned about an incoming economic hurricane Wednesday at a …
A couple of days after its launch, the new LUNA or LUNA2 token from the Terra network continues to experience high volatility levels. The cryptocurrency was deployed as a result of the collapse of the old LUNA or LUNA Classic which lost almost 99% of its value in a little over a week. Related Reading …
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The Solana network is not having a good year, having suffered full or partial outages at least seven separate times over the past 12 months. A bug has knocked the Solana blockchain offline again as block production halted at 16:55 UTC on June 1. This latest outage lasted around four and a half hours as …
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