A proposal out of Stanford University to make crypto transactions reversible is adding a wrinkle to discussions of crime and fraud prevention. Researchers suggested that mutability — the ability to reverse blockchain transactions — would help prevent crime. One of the advantages of cryptocurrency is that it is possible for the market — individuals, traders …
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Representatives from a committee with the European Council have moved forward with regulating digital assets in the European Union through the Markets in Crypto-Assets, or MiCA, framework, sending the finalized text to parliament for a vote. According to an information note on Oct. 5, the European Council’s Permanent Representatives Committee approved the MiCA text and …
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On Oct. 5, the Society for Worldwide Interbank Financial Telecommunication, or SWIFT, announced that it had successfully moved central bank digital currencies and tokenized assets on existing financial infrastructure through two separate experiments. According to SWIFT, the results demonstrated that “CBDCs can be rapidly deployed at scale to facilitate trade and investment between more than …
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Zcash (ZEC) Price Prediction – October 5There has been a prolongation of business activities closely over the $50 trading line as the crypto market continues to garner energy above it over a couple of sessions until the present. The last thirty days of operations show that the price has traded between the low and the …
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Crypto Rand Investment Group shares a list of potential changes that Musk could integrate after Twitter’s acquisition. The group shared that Elon Musk could also incorporate a crypto payment feature on Twitter in a bid to transform the microblogging social network. The crypto market is ablaze with new assumptions and opinions after Tesla’s CEO, Elon …
Bitcoin (BTC) briefly bounced above the $20,000 mark earlier today for the first time since Sept. 28 after gaining 4.6% in the past week. However, the euphoria was shortlived as it was rejected around the $20,400 level, dropping to $19,991 as of press time. Bitcoin/USD Chart (Source: Tradingview.com) The price-performance is coming at a time …
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Terra founder Do Kwon has described news of South Korean prosecutors freezing his $39.66 million crypto as a “falsehood.” I don’t get the motivation behind spreading this falsehood – muscle flexing? But to what end? Once again, I don’t even use Kucoin and OkEx, have no time to trade, no funds have been frozen. I …
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The Poolin Bitcoin mining pool sees a sharp drop in hash rate and block rewards following a freeze on withdrawals due to liquidity problems. Cover art/illustration via CryptoSlate The Bitcoin mining pool Poolin on Sept. 6 announced liquidity problems and subsequently suspended withdrawals, flash trades, and internal transfers from its network. Mining pools collate processing …
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Nexo co-founders Antoni Trenchev and Kalin Metodiev hosted an AMA on Oct. 4 in which they addressed recent cease and desist orders issued by several U.S state regulators. Given the turmoil of the last few months, the pair also tabled questions about the platform’s robustness, seeking to reassure users that insolvency is not in “Nexo’s …
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The SEC alleged that Ripple may have influenced I-Remit and Tapjets’ amicus briefs and therefore should not be involved in the court case. 2 min read Updated: October 5, 2022 at 1:57 pm Cover art/illustration via CryptoSlate The U.S. Securities and Exchange Commission (SEC) has filed a motion to oppose two firms seeking to present …
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The native token of decentralized exchange GMX (GMX) has spiked 35% to $54.11 after two leading crypto exchanges announced they would be listing it on Oct. 5. Binance revealed that it would list the token in its Innovation Zone with three trading pairs by 10:00 UTC. FTX also stated that the asset would go live …
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The Nomad Bridge and Wintermute hacks account for 79.85% — $350 million — of all recorded losses. 1 min read Updated: October 5, 2022 at 12:59 pm Cover art/illustration via CryptoSlate The web3 ecosystem lost over $428.7 million to 39 exploits in the third quarter — down 62.9% compared to over $1 billion lost in …
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Following the U.S. Securities and Exchange Commission (SEC) charges against the socialite Kim Kardashian for unlawfully touting the crypto asset ethereummax, the digital currency jumped 124% in value. However, the ethereummax pump was followed by a massive dump as the cryptocurrency slid 47% lower than the high it reached on October 3. EMAX Token Markets …
Dogecoin was trading near its highest point since late September on Wednesday, as prices rose for a second straight day. The rally comes as the meme coin continues to trade above a key resistance level, following a breakout on Tuesday. Xrp was also in the green today, trading close to a one-week high. Dogecoin (DOGE) …
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A recently published forecast stemming from the Federal Reserve Bank of Cleveland’s Inflation Nowcasting data indicates upcoming U.S. consumer price index (CPI) metrics will likely be elevated. The newly predicted CPI levels were recorded the same day America’s gross national debt surpassed $31 trillion on October 4, as the country’s growing debt continues to rise …
