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News Business: 'Avengers' Directors to Bring FTX Miniseries to Amazon "Avengers: Endgame" directors…
By Vya4Slav ( )
Amazon has ordered a miniseries based on the collapse of crypto exchange FTX from the directors behind Marvel's "Avengers" franchise. According to film trade paper Variety, Joe and Anthony Russo, the directors of "Avengers: Infinity War" and…
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News Tech: Ethereum Developers Agree on What Could Be Included in the Next Upgrade – But Not When Staked ETH…
By Vya4Slav ( )
On Thursday, Ethereum developers decided to consider eight Ethereum Improvement Proposals (EIPs) for inclusion in the network’s upcoming hard fork, called “Shanghai.” The hard fork upgrade will unlock Beacon Chain staked ETH withdrawals, and might include proposals…
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News Business: Binance Eyes $1 Billion Raise for Crypto 'Recovery Fund', Could Buy FTX Assets Binance chief…
By Vya4Slav ( )
Binance’s founder and CEO said the firm’s crypto rescue fund will initially have $1 billion to dole out as it steps into the role of industry white knight. In an interview with Bloomberg, Changpeng ‘CZ’ Zhao said the fund would have a “loose” structure and be publicly…
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News Tech: Ethereum Software Firm ConsenSys Reveals it Collects User Data The firm said when using Infura as an RPC on…
By Vya4Slav ( )
One of the firms behind the Ethereum merge, ConsenSys, said on Thursday that it also collects user data related to its on-chain wallet service MetaMask. The revelation comes days after decentralized crypto exchange (DEX) Uniswap made a similar update to its privacy policy…
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News Business: Bitcoin, Ethereum and Dogecoin Jump on Release of Fed Minutes Crypto followed U.S. stocks upward…
By Vya4Slav ( )
Bitcoin jumped slightly on the release of the Federal Reserve’s minutes from its November meeting, the captured discussion suggesting that the central bank may make smaller interest rate increases going forward. The stock market similarly ticked up as traders digested…
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News Business: Bitcoin Will Become ‘Less Important’ for Cybercrime Payments: Kaspersky Privacy coins like Monero and…
By Vya4Slav ( )
Cybersecurity company Kaspersky reported that ransomware negotiations and payments may soon come to rely less on Bitcoin as a means of payment. The Russian-founded firm attributed this transition to improvements in the technology that detects the flow and sources of…
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News Crypto Coins: Crypto Paradise? El Salvador Preps New Law To Pave Way for All Crypto Following its groundbreaking…
By Vya4Slav ( )
El Salvador is doubling down on its bet on cryptocurrencies even in the midst of a bear market. The first country to declare Bitcoin as legal tender is now working on a Digital Asset Issuance Law, which would facilitate operations with any crypto asset. According to…
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News NFTs: Ethereum Metaverse Game The Sandbox to Launch LAND Sale With Playboy, Tony Hawk, Snoop Dogg Metaverse game…
By Vya4Slav ( )
The Sandbox, an Ethereum-based metaverse game, is kicking off its three-part LAND sale on Thursday in collaboration with popular brands like Tony Hawk, Snoop Dog, and Playboy, among others, the platform told Decrypt. The Sandbox is a crypto-powered game akin to Roblox…
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News Markets: Market Wrap: Crypto Markets Nervous as the FTX Collapse Dents Institutional Confidence Coinbase and…
By Vya4Slav ( )
Crypto markets wobbled on Monday, with major assets feeling continuing nervousness over the potential for further market contagion following the collapse of the FTX exchange. In a story reported by Omkar Godbole, bonds issued by crypto exchange Coinbase (COIN) and by…
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News Business: Crypto Exchange Uniswap Says it Collects Users' Public On-Chain Data in New Privacy Policy The…
By Vya4Slav ( )
Uniswap Labs, the development team behind the decentralized exchange Uniswap, said in a newly-released privacy policy that it collects certain on-chain data from its users to continually make improvements to its product. “We do want to make data-driven decisions that…
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News Business: FTX Says It Owes Over $3 Billion to Its 50 Largest Creditors Although names are redacted, a court…
By Vya4Slav ( )
Cryptocurrency exchange FTX said it owes $3.1 billion to its top 50 creditors, according to documents filed Saturday in Delaware bankruptcy court. Even though the filing did not disclose the names of the parties wrapped up in the swift demise of FTX, the document makes…
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News Tech: Bank of America Says Crypto Exchanges' Proof of Reserves Have Too Many Shortcomings The…
By Vya4Slav ( )
Following the collapse of FTX and Alameda Research, crypto trading platforms are rushing to show that clients’ assets are safe and not being used for speculation, but “proof of reserves, at least in the form they’ve been suggested, have too many shortcomings to inspire…
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News Tech: Cardano-Based Regulated Stablecoin USDA Will Hit the Market in Early 2023 USDA would be the first fully…
By Vya4Slav ( )
Emurgo, the official commercial arm and a founding entity of the Cardano blockchain, plans to launch USDA, a U.S.-pegged stablecoin, in early 2023, the company told CoinDesk. USDA will be the first fully fiat-backed, regulatory-compliant stablecoin in the Cardano ecosystem…
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News Business: Bank of America Downgrades Coinbase Stock to Neutral, COIN Down 7%
By Vya4Slav ( )
Bank of America today said it is downgrading the stock of U.S. cryptocurrency exchange Coinbase from buy to neutral. The price of COIN is down 7% over the last 24 hours and is currently trading at $45.36—a drop of 86% from its all-time high of $357.39 on November 9, 2021…
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News Tech: ‘Proof of Reserves’ Emerges as a Favored Way to Prevent Another FTX Several exchanges, including Binance,…
By Vya4Slav ( )
Crypto exchange FTX collapsed spectacularly into bankruptcy last week as trust in its accounting for billions of dollars in assets vanished. In the fiery aftermath, some critics are blasting the very existence of centralized exchanges like Sam Bankman-Fried’s, saying…
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News Business: Genesis Sought $1B Bailout From Investors Before Halting Withdrawals: Report The crypto lender Genesis…
By Vya4Slav ( )
Crypto lender Genesis tried to raise a $1 billion loan from investors to avoid a “liquidity crunch” driven by the fallout from crypto exchange FTX’s collapse, according to a Wall Street Journal report. The firm said that it needed the credit by 10 am by this past Monday…
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News Business: El Salvador to Start Buying 1 Bitcoin Every Day Says President Bukele El Salvador will reportedly begin…
By Vya4Slav ( )
El Salvador’s president Nayib Bukele announced that the Central American nation will begin purchasing one Bitcoin (BTC) every day. The announcement comes three and half months after El Salvador reportedly made its last Bitcoin purchase in July 2022, acquiring 80 BTC at…
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News NFTs: What Are Utility NFTs? This type of NFT links rewards and experiences to digital assets.
By Vya4Slav ( )
While non-fungible tokens (NFTs) are often associated with JPEG images, their real-world use cases continue to grow. As interest in digital collectibles surged last year, much of the focus was on profile picture (PFP) NFTs, or NFTs that can be used as avatars on social media.…
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News NFTs: Justin Bieber Paid $1.3 Million for a Bored Ape NFT. It’s Now Worth $69K Bored Ape Yacht Club NFTs are…
By Vya4Slav ( )
Bored Ape Yacht Club hype was in full swing earlier this year as celebrities “aped into” the pricey Ethereum NFT collection. Some have even used their Apes to create products, themed restaurants, live performances, and more. But the buzz has faded amid the crypto…
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News Crypto Coins: The FTX Crisis and Its Aftermath: Explained
By Vya4Slav ( )
The FTX crisis has rocked the crypto landscape over the past couple of weeks. Here's a summary of what happened and how it has affected the industry as a whole. FTX began 2022 as the third-largest crypto exchange in the world, with a valuation of over $32 billion. Eleven…
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News Coins: U.S. Banks Launch a Digital Dollar Blockchain Pilot Mainstream financial institutions are working with the…
By Vya4Slav ( )
While the crypto market is shaken to its core by the failure of FTX, traditional financial institutions are taking a step into the world of digital currency. A group of banking institutions—including HBSC, Mastercard, and Wells Fargo—announced on Tuesday the launch of a…
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News Business: The political connections of FTX and its CEO Sam Bankman Fried. How deep does the rabbit hole go?
By Vya4Slav ( )
The eventful past week, with how the FTX fiasco transpired will become a pivotal moment in Crypto that most of us will never forget. Whoever survives it, can proudly say "I survived FTX week". It is the Enron / Madoff combined moment of the crypto industry. This…
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News Business: Liquid Global Halts Withdrawals as FTX Contagion Continues FTX-owned cryptocurrency exchange Liquid…
By Vya4Slav ( )
Cryptocurrency exchange Liquid Global today said it is halting all withdrawals—both fiat and crypto—from the platform. “Fiat and crypto withdrawals have been suspended on Liquid Global in compliance with the requirements of voluntary Chapter 11 proceedings in the United States…
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News Business: Paxos Freezes $19 Million in PAXG Tokens Linked to FTX The company says the action, which targeted…
By Vya4Slav ( )
Cryptocurrency issuer Paxos has frozen over $19 million worth of crypto assets tied to bankrupt exchange FTX at the direction of U.S. law enforcement, the company announced Saturday. The funds, 11,184 tokens of PAXG—Paxos’ native stablecoin, which is backed by physical gold…
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News Business: Trust Wallet Token Soars 47% as Binance CEO Shills Self-Custody Solution Amid FTX Exchange’s collapse,…
By Vya4Slav ( )
Users are fleeing exchanges and turning to non-custodial wallets amid FTX’s collapse. One wallet in particular, and its corresponding token, appear to be reaping the benefits. TWT, the native token behind Trust wallet, a self-custodial crypto wallet, has posted 47% gains over…
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