One of the original core developers behind Bitcoin (BTC), Luke Dashjr, has taken to social media to call out an auction site that has used his name and code without his consent to create and sell a “misleading” NFT. The core developer said he hasn’t been the first Bitcoin developer to have his name or his …
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A wallet provider for the Algorand (ALGO) network, MyAlgo, has warned its users to withdraw funds from any wallets created with a seed phrase amid an ongoing exploit that has seen an estimated $9.2 million worth of funds stolen. MyAlgo tweeted the advice on Feb. 27, adding it still doesn’t know the cause of the …
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Anatoly Yakovenko, the founder and CEO of Solana Labs, has denied claims that Solana’s network outages were being caused by a high volume of validator messages and its on-chain voting system clogging its consensus layer. While the Solana Foundation confirmed in a Feb. 27 post that the “root cause” of the recent 20-hour network outage …
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Yuga Labs’ latest collection will feature artwork on a 12-by-12 grid. 1 min read Updated: February 28, 2023 at 2:30 am Cover art/illustration via CryptoSlate Ad Yuga Labs will release a series of artistic cryptocollectibles on Bitcoin’s Ordinals protocol, according to an announcement from the company on Feb. 27. The collection is titled TwelveFold and …
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Ad A unique prize NFT tied to Yuga Labs’ Dookey Dash game has sold for $1.6 million, according to a tweet from the original holder on Feb. 27. Twitch streamer Faze Mongrall said that he sold the item to billionaire metal recycling and crypto mining entrepreneur Adam Weitsman for 1,000 ETH ($1.6 million). Mongrall was …
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The G20 finance ministers and central bank governors recognize that cryptocurrencies pose major risks to financial stability, monetary systems, and cyber security, India’s central bank governor reportedly said. Crypto regulation was among the key topics discussed during the G20 meeting over the weekend. G20 Agrees Crypto Poses Major Risks to Financial Stability, Says RBI Governor …
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has detailed why he considers all crypto tokens other than bitcoin as securities. While acknowledging that crypto tokens may have different setups, he stressed that “at the core, these tokens are securities.” SEC Chair Believes All Crypto Tokens Other Than Bitcoin Are Securities The chairman of …
A blue dot posted by Coinbase and shared across multiple projects on Thursday has fueled speculations in the crypto community. Last week, Coinbase officially announced the launch of its own chain – Base. Brian Armstrong has built up Coinbase as a base for crypto. This vision has always remained the same since day one. With …
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As Ethereum’s Shanghai upgrade is well underway, all eyes are set on Ethereum’s largest staking pool – Lido, and its decision on whether to sell or stake its $30 million worth of Ether. Why Does It Matter? Following The Merge last year, the Shanghai upgrade is the next most anticipated event in the crypto market. …
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Bored Ape Yacht Club (BAYC) creators Yuga Labs has announced a new NFT collection on Bitcoin dubbed “TwelveFold.” The move was announced via Twitter on Feb. 28, with Yuga Labs unveiling 300 tokenized computer generated artworks as part of the TwelveFold collection that will go up for auction later this week. Introducing TwelveFold. A limited …
A whopping 80% of American adults believe the financial system favors those with “powerful interests,” while 20% currently own cryptocurrency — a new survey has revealed. Commissioned by crypto exchange Coinbase, the February online survey of more than 2,000 American adults found that 80% of respondents said the “global financial system unfairly favors powerful interests,” …
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Digital assets manager CoinShares says institutional crypto investment products were largely shorted by investors last week. In its latest Digital Asset Fund Flows Weekly Report, CoinShares finds that institutional digital asset investment products suffered minor outflows last week, contrasted by major inflows into short investment products. “Digital asset investment products saw minor outflows totaling US$2m. Although this …
Cryptocurrency venture capital conglomerate Digital Currency Group (DCG) has reported losses of over $1 billion in 2022 due largely to the contagion relating tocollapse of crypto hedge fund, Three Arrows Capital (3AC). DCG reportedly lost $1.1 billion last year, according to its Q4 2022 investor report, and said the results “reflect the impact of the …
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Robinhood Markets has revealed thait had received an investigative subpoena from the United States Securities Exchange Commission (SEC) over its digital asset business’ crypto listings, custody and platform operations. In a 10-K filing, the brokerage said it received the investigative subpoena in December shortly after crypto exchange FTX filed for bankruptcy in November, and after “several …
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Crypto conglomerate Digital Currency Group (DCG) has posted a $1.1 billion loss for 2022. The company’s Q4 investor report blamed declining crypto prices and Genesis’ bankruptcy for the massive loss. DCG held $5.3 billion as of 31 December 2022, with consolidated revenues of $719 million for the year. 2022 saw a string of scandals and …
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