Recently, Ebay, the e-commerce behemoth, implemented significant changes within its Web3 division. These changes resulted in a 30% reduction in the division’s workforce and the departure of a pivotal employee. Among those affected by this restructuring is David Moore, the founder of Knownorigin, a marketplace for non-fungible tokens (NFTs), whose post is redundant. Ebay’s Dedication …
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Gauntlet has decided to withdraw from its role as Risk Steward for Aave, pointing to governance and operational challenges as the main reasons. This announcement marks the end of a four-year collaboration that has helped in growing Aave. Gauntlet Ends Partnership With Aave Due to DAO Disputes Gauntlet, a blockchain risk management firm, has officially …
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The digital yuan, China’s central bank digital currency (CBDC), is being used as a security element in car prepurchase payment settlements. According to local media reports, a pilot test that allows customers to pay for their cars with digital yuan was established in early February in Shenzhen, and several customers are already purchasing their vehicles …
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Stellar has announced the introduction of smart contracts as part of its Protocol 20 update, passed by a validator vote on Feb. 20. The upgrade introduces Soroban, the new smart contracts system, to mainnet, and initiates a phased rollout for validators to monitor the performance of these transactions before scaling them at a subsequent phase. …
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Officials of the European Central Bank (ECB) are not convinced that Bitcoin (BTC) is a valuable financial asset despite the US approval of a spot exchange-traded fund (ETF) for the flagship cryptocurrency. The ECB is the central bank of European Union (EU) countries that use the euro as their currency. In a new blog post, …
A widely followed crypto strategist says Bitcoin (BTC) may repeat a historic pattern that could send altcoins soaring. Analyst Justin Bennett tells his 111,500 followers on the social media platform X that Ethereum (ETH) and other alts could outperform Bitcoin similar to 2021 when people suddenly sold their coins over a two-month period. “If Bitcoin …
Adam Back has submitted his early correspondence with Bitcoin creator Satoshi Nakamoto to a UK court as part of his testimony in the Crypto Open Patent Alliance (COPA) vs. Craig Wright trial on Feb. 22. Back is testifying against Wright, who claims to be the creator of Bitcoin and wants to assert a copyright claim …
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Reddit Inc. has disclosed cryptocurrency investments in its initial public offering (IPO) filing with the U.S. Securities and Exchange Commission (SEC). The social media giant noted that as of the end of December last year, “we did not hold digital assets other than bitcoin and ether for treasury purposes, and our investment policy requires approval …
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Bitcoin proponent Max Keiser has warned of potential government seizure of bitcoin held in spot exchange-traded funds (ETFs). He additionally issued a stark warning about a looming 1987-style crash, while simultaneously predicting that the bitcoin’s price will surge past $500,000. Max Keiser’s Crash and Bitcoin Seizure Warnings Bitcoin advocate Max Keiser expressed concerns about spot …
The government of Argentina is reportedly preparing to regulate cryptocurrency service providers with an executive order. The measure would be directed to keep Argentina out of the Financial Action Task Force (FATF) gray list, putting crypto service lenders under the oversight of the local securities watchdog. Argentina Reportedly Set to Regulate Cryptocurrency Service Providers by …
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The host of the Coin Bureau YouTube channel, Guy Turner, is expressing bullish sentiment on Ethereum (ETH) layer-2 projects. In a new strategy session, Turner tells the 2.41 million channel subscribers that ETH’s Dencun update may cause layer-2 projects to go on massive rallies and he names his top four picks. The Dencun upgrade, which …
In a significant development for the Binance Smart Chain (BSC) ecosystem, Aave (AAVE), one of the largest decentralized finance (DeFi) market protocols, has announced its integration with BNB Smart Chain. Aave joins prominent projects such as Uniswap, Ambit Finance, PancakeSwap, and Lista DAO. BNB Chain Welcomes Aave According to the announcement, this latest development opens …
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The 2024 bullish rally has fueled the resurgence of the cryptocurrency market during the last few weeks. Memecoins have not been the exception, with coins like BONK recently seeing a rally. Nonetheless, the memecoin market has faced a pullback in the last couple of days, with some of the biggest memecoins, like DOGE and SHIB, …
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Like many other crypto projects, the native token of the Polygon network, MATIC, was launched with some portion of the supply vested for the team over a period of time. In the case of Polygon, the vesting was for five years, and since 2019, there have been periodic token unlocks. However, the unlocks, which have …
While Bitcoin treads water around $50,000, with some predicting a slump, one analyst on X is swimming against the current, claiming the coin has “never been this bullish.” The coin is bullish despite cooling off from 2024 highs above $54,000. Analyst: Bitcoin Is Bullish, Here’s Why The analyst Mags argues that Bitcoin is, at spot …
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