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1 year agoStars Arena Gains Popularity, Surpasses $1 Million in TVL
Stars Arena, a decentralized social media (DeSo) application, has caused a major uptick in activity on Avalanche’s C-chain network. This has resulted in an 8% increase in the price of the network’s native AVAX tok…
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1 year agoFormer BlackRock Execs Predict Approval of Spot Bitcoin ETF in 3-6 Months
Steven Schoenfield, a former managing director at BlackRock, the world’s largest asset manager, and current CEO of MarketVector Indexes, believes that the US Securities and Exchange Commission (SEC) will approve a…
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1 year agoHong Kong Police and SFC Set Up Crypto Working Group to Combat Illicit Exchange Activities
The Hong Kong Police Force (HKPF) and the Securities and Futures Commission (SFC) have established a joint working group to tackle illicit crypto exchange activities. This comes after 11 people were detained for…
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1 year agoFTX Co-Founder Sam Bankman-Fried on Trial for Alleged Fraud Scheme
Sam Bankman-Fried, co-founder of FTX, is currently on trial for alleged fraud and campaign finance violations. On the second day of the trial, Ryan Salame, a prominent FTX executive, appeared in court and pleaded…
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1 year agoEthereum: Largest Investment Opportunity in Crypto Space, Says Bitwise CIO
Matt Hougan, the chief investment officer at Bitwise, believes that Ethereum (ETH) is a bigger investment opportunity than Bitcoin (BTC). According to Hougan, Ethereum is the largest investment opportunity in the…
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1 year agoSEC Disputes Coinbase Motion to Dismiss Lawsuit
The US Securities and Exchange Commission (SEC) has urged a federal judge to reject Coinbase’s motion to dismiss the regulator’s lawsuit against the prominent cryptocurrency exchange. The SEC is attempting to lev…
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1 year agoJPEX Begins Restricting Withdrawals, Allegedly Converting User Balances to Non-Withdrawable Cryptocurrency
JPEX, a Hong Kong-based cryptocurrency exchange, has reportedly begun to restrict withdrawals by converting user balances to a non-withdrawable cryptocurrency, according to The South China Morning Post. An…
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1 year agoBIS Collaborates with Central Banks to Track Crypto and DeFi Flows
The Bank of International Settlements (BIS) is collaborating with central banks in Europe to develop a data-gathering platform called Project Atlas. This platform will combine off-chain and on-chain data to create…
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1 year agoBIS Launches Project Atlas to Explore Crypto Assets and DeFi
The Bank for International Settlements (BIS) has launched Project Atlas, a proof of concept aimed at exploring the economic impact of crypto assets and decentralized finance. The project is a combined effort of the…
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1 year agoMEXC Ventures Invests in The Open Network, Partners with TON Foundation
MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange MEXC, has announced a significant investment in The Open Network (TON), the largest layer-1 investment the firm has ever made. This investment w…
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1 year agoCryptocurrency Wallets Targeted in DOJ Crackdown on Illicit Drug Trade
The Department of Justice (DOJ) has recently unsealed eight indictments in a significant move against the illicit production and distribution of fentanyl and methamphetamine. The indictments also encompassed crimes…
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1 year agoFormer FTX CEO Sam Bankman-Fried on Trial: Witnesses Testify
Former FTX CEO Sam Bankman-Fried, also known as SBF, is facing criminal charges in a trial that began on October 4th. The prosecution has called witnesses, including a London-based cocoa broker named Marc-Antoine…
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1 year agoSolana Token Faces Bearish Outlook as FTX Liquidation Looms
Solana token SOL has dropped 8% since October 1, reaching $22.8 in the New York hours of October 4. Technical analysis of the daily and weekly charts, as well as macroeconomic conditions, suggest a bearish…
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1 year agoTMX Group to Launch Bitcoin Futures Contracts on Derivatives Platform
TMX Group, the largest exchange in Canada, is set to launch Bitcoin (BTC) futures contracts on its derivatives trading platform, Montréal Exchange (MX). The move is in response to the growing market demand for…
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1 year agoMEXC Ventures Invests in The Open Network, Partners with TON Foundation
MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange MEXC, has announced a significant investment in The Open Network, the largest layer-1 investment the firm has ever made. This investment works a…
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1 year agoCelsius Network to Repay Creditors with $2 Billion in Crypto Assets
Celsius Network, a bankrupt digital asset lender, has presented a restructuring plan in a US bankruptcy court filing that will generate funds for a new corporate spinoff, dubbed “NewCo”, and repay customers. The…
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1 year agoElon Musk Reignites Criticism of Fiat Currency as a "Scam
Elon Musk, founder and CEO of Tesla and SpaceX, recently expressed his criticism of fiat currencies by calling them an “scam” on Twitter. Musk has previously voiced his support for cryptocurrency, stating that “th…
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1 year agoExchange Founder Diverted Funds for Luxuries, Political Donations
The FTX app and its terms of service promised customers that their money was being kept safe, as if it were in their own possession. However, according to Rehn, the money was actually diverted to a smaller,…
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1 year agoRipple Poised to Revolutionize Global Financial System with Retail CBDCs
Ripple Labs, a blockchain payment company, is well-positioned to revolutionize the global financial system as more central banks prepare to roll out their respective Central Bank Digital Currency (CBDC). According…
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1 year agoPolygon Co-Founder Jayanti Kanani Steps Down After Big Year of Developments
Jayanti Kanani, one of the co-founders of Polygon (MATIC), recently announced his departure from the company. His partner, Sandeep Nailwal, expressed his emotions on social media, wishing Kanani well. Polygon has…