manux
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bob wrote a new post
2 years ago
BitVM Aims to Scale Bitcoin, Not Launch DeFi Applications, Says Developer
One of the developers behind BitVM, a Bitcoin-based virtual machine, has clarified that the technology is primarily focused on scaling Bitcoin rather than enabling decentralized finance applications like Ethereum.…
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2 years agoNFT Market Shows Signs of Life Amidst Decline
Headlines proclaiming the death of NFTs have become common in the blockchain industry, but the reality is more nuanced. While it’s true that many NFTs are worthless, this is not surprising given the history of o…
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2 years agoReal Estate-Backed Stablecoin Plummets After Depegging from USD
A stablecoin called Real USD (USDR), which is built on the Polygon (MATIC) layer-2 scaling solution and backed by real estate assets, has experienced a significant loss in value after detaching from the US dollar.…
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2 years agoHouse Oversight Committee Threatens SEC Chair with Subpoena Over Lack of Cooperation
James Comer, chair of the United States House of Representatives Oversight and Accountability Committee, has threatened Securities and Exchange Commission (SEC) chair Gary Gensler with a subpoena. Comer expressed…
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2 years agoArk Invest Updates Bitcoin ETF Prospectus in Response to SEC Concerns
Ark Invest, led by Cathie Wood, has filed an updated version of its spot Bitcoin ETF prospectus in response to feedback from the U.S. Securities and Exchange Commission (SEC). The SEC had requested clarifications…
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2 years agoTrader Joe's Files Lawsuit Against Decentralized Exchange Trader Joe Over Trademark Infringement
United States supermarket chain Trader Joe’s has filed a complaint against decentralized exchange Trader Joe, accusing it of federal trademark infringement and dilution. The lawsuit claims that Trader Joe and its c…
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2 years agoRipple's XRP Gains Unique Non-Security Status in the US Following Court Ruling
Ripple’s recent legal victory against the US Securities and Exchange Commission (SEC) has had significant implications for its cryptocurrency, XRP. The ruling by Judge Analisa Torres classified XRP as a n…
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2 years agoBinance CEO's Tweet Blamed for FTX's Collapse in Former CEO's Testimony
According to former Alameda Research CEO Caroline Ellison, a tweet from Binance CEO Changpeng Zhao (CZ) played a role in the collapse of cryptocurrency exchange FTX. In the tweet, CZ announced that Binance would be…
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2 years agoFormer Engineer Reveals $190 Million Losses Due to Poor Security Practices at Alameda Research and FTX
Amidst ongoing legal proceedings, new testimonies have emerged against Sam Bankman-Fried (SBF) and his operations. A former engineer at Alameda Research, the sister hedge fund of FTX, has come forward with…
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2 years agoStars Arena Recovers Almost All Stolen Assets After Security Breach
Avalanche-based social app Stars Arena has successfully recovered the majority of its lost assets following a recent security breach. The hacker responsible for the breach agreed to return the stolen $2.9 million…
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2 years agoCoins.ph Partners with Circle to Enhance Remittance Services for Filipino Users
Philippine-based cryptocurrency exchange Coins.ph has partnered with fintech firm Circle to enhance remittance services for its 18 million Filipino users. The collaboration aims to leverage stablecoin-denominated…
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2 years agoCrypto Influencer Challenges Billionaire Calvin Ayre to $100 Million Bet on Craig Wright's Identity as Satoshi Nakamoto
Kara Szabo, a crypto influencer, has challenged Canadian billionaire Calvin Ayre to a $100 million bet if he can prove that Craig Wright is the creator of Bitcoin, Satoshi Nakamoto. Ayre responded by stating that…
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2 years agoMastercard Completes Successful CBDC Trial on Ethereum Blockchain
Mastercard has successfully completed a trial of a central bank digital currency (CBDC) in collaboration with the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC). The…
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2 years agoStellar Development Foundation Partners with Certora to Enhance Security of Soroban Smart Contracts Platform
The Stellar Development Foundation has partnered with Certora to enhance the security of its smart contracts platform, Soroban. Certora’s formal verification tools will not only check the code but also offer c…
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2 years agoGenesis Global Holdco to Pay $175 Million Settlement to FTX in Bankruptcy Case
Alameda Research, a company affiliated with FTX, is set to receive $175 million from Genesis Global Holdco as part of a settlement agreement approved by the United States Bankruptcy Court for the Southern District…
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2 years agoFormer CEO of Crypto Lending Firm Voyager Digital Faces CFTC Lawsuit for Alleged Fraud and Registration Failures
The United States Commodity Futures Trading Commission (CFTC) has taken legal action against Stephen Ehrlich, the former CEO of crypto lending firm Voyager Digital. The CFTC has filed a complaint in the U.S.…
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2 years agoRussian Hackers Linked to Multimillion FTX Hack, Elliptic Report Reveals
Blockchain intelligence company Elliptic has linked the $400 million hack of cryptocurrency exchange FTX to Russian hackers. According to Elliptic’s report, the attacker used an unsophisticated method of l…
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2 years agoFormer FTX CEO Accused of Directing Fraud by Ex-Alameda Research Chief
Former Alameda Research CEO Caroline Ellison has accused former FTX CEO Sam Bankman-Fried of instructing her to commit fraud. According to court transcripts from Bankman-Fried’s trial, Ellison claims that A…
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2 years agoRussian Energy Giant Gazprom Faces Declining Market Share and Reliance on China
Russian President Vladimir Putin’s attempt to use Gazprom as a geopolitical tool against the European Union (EU) has backfired. After threatening to cut off gas supply to Europe, Putin is now scrambling to find n…
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2 years agoReal Estate-Backed Stablecoin USDR Loses Peg to USD, Plunges to $0.51
Real USD (USDR), a stablecoin backed by real estate and cryptocurrency, experienced a significant drop in value, falling to $0.51 from its 1:1 peg to the US dollar. The depegging occurred due to a surge in…
