Online streaming platform and production company Netflix will be producing a film on deceased crypto exchange QuadrigaCX founder Gerald Cotten. In a Sept. 23 tweet from Netflix, the platform announced Trust No One: The Hunt for the Crypto King documentary will premiere in 2022. The story, which follows “a group of investors turned sleuths,” will …
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While Ethereum 2.0 staking allows validators to be compensated for securing the network, ‘Ethereum 2.0 Staking Earn’ is its own product, providing users rewards from several DeFi products. On Ethereum 2.0, the PoS-powered blockchain will bundle 32 blocks of transactions during each validation round. Each block bundle is known as an epoch, which are finalized …
Bitcoin billionaire and venture capitalist Chamath Palihapitiya thinks that cryptocurrencies counter capitalism and could help create a better financial future for the world. On a new episode of the All-In podcast, Palihapitiya makes the case for crypto assets and decentralized finance (DeFi), saying that crypto is already dramatically changing the way capital is allocated. ADVERTISEMENT …
Seasoned Bitcoin (BTC) hodlers are about to spark a new price run-up by hoarding BTC, data reveals this week. According to on-chain monitoring resource Glassnode, the Bitcoin supply is due to put in a fresh aging process. 1-year-old supply bottoms out Highlighting its active supply metric, Glassnode researchers noted that the percentage of the Bitcoin …
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As financial authorities around the globe become increasingly concerned about stablecoin regulation, a jurisdiction in China is preparing to pilot a new yuan-pegged stablecoin for international trade. Chris Banbury, head of global operations at permissionless blockchain project Conflux, told Cointelegraph on Sept. 21 that the firm will provide its technology to launch an offshore renminbi …
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Axie Infinity’s native cryptocurrency, Axie Infinity Shards (AXS), bounced higher on Sept. 23 as the market’s focus shifted to its listing on two major crypto trading platforms, Bitfinex and Bitstamp. The AXS/USD exchange rate surged 15.52% to $69.86, negating all the losses that it incurred at the beginning of the week. The intraday rally came …
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The United States Federal Reserve is still evaluating the prospects of introducing a digital currency for the country but says it has not yet decided on the matter. Speaking at a news conference on Wednesday, Powell stated that the Federal Reserve was studying the merits of creating a digital dollar and has plans to issue …
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After accurately predicting Cardano’s rise to $3.00, the CEO of financial advisory firm deVere Group is unveiling his latest set of crypto predictions. The price of ADA now hovers at $2.22 after hitting $3.10 on September 2nd, but Nigel Green tells Business Insider that the third-largest cryptocurrency by market cap will resume its rally and …
Bitcoin (BTC) faced stiff resistance above $44,000 on Thursday, Sept. 23, as China told governments to prepare for property giant Evergrande to collapse. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buyers line up to snag sub-$40,000 BTC Data from Cointelegraph Markets Pro and TradingView showed volatility continuing for BTC/USD Thursday. The pair had seen a …
Financial regulators in the United Arab Emirates have reached an arrangement to officially allow and support cryptocurrency trading in an economicfree zone in Dubai. The Dubai World Trade Centre Authority (DWTCA) announced Wednesday that it had signed an agreement with the UAE’s Securities and Commodities Authority (SCA) to support the regulation and trading of crypto assets …
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Coinbase is looking for a new hire to manage the exchange’s sour relationship with policymakers. The United States-based crypto exchange aims to swell its legal and compliance team ranks. The company is looking for more than 350 new hires, with 24 job openings within the legal and compliance team. More specifically, Coinbase is seeking a new manager …
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Nine banking industry associations have submitted a letter to the Basel Committee on Banking Supervision (BCBS) in response to its proposal to introduce stringent capital requirements for banks looking to hold crypto assets on their books. In June of this year, the BCBS had published a consultation paper that assigned a 1,250% risk weight to …
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Gold is experiencing outflows as investors embrace cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), according to Bloomberg commodity strategist Mike McGlone. McGlone says in a new Stansberry Research interview that investors are “giving up on gold” and instead taking positions in the two largest cryptocurrencies by market cap. ADVERTISEMENT “The thing that I …
The developer behind popular decentralized exchange SushiSwap has rejected a purported vulnerability reported by a white-hat hacker snooping through their smart contracts. According to media reports, the hacker claimed to have identified a vulnerability that could place more than $1 billion worth of user funds under threats, stating they went public with the information after …
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Bitcoin.org, one of the first websites about Bitcoin (BTC), has been hacked by online scammers and down as of the time of writing. Cobra, Bitcoin.org’s anonymous curator, announced on Sept. 23 that Bitcoin.org was compromised, with hackers managing to put up a scam notice on the site. “Looks like Bitcoin.org got hacked and the entire site …
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