Multicoin Expects FTX Contagion To Hold Industry In Its Grips For Weeks To Come

In a letter to its investors, one of the industry’s most notable crypto venture firms, Multcoin Capital, has revealed its thesis for the coming weeks. Managing partners Kyle Samani and Tushar Jain write in a 3,400-word letter that the FTX fiasco does not spell doom for the crypto industry, as critics like Peter Schiff and Nassim Taleb recently did.

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El Salvador Trolls Crypto Critics and Vows to Keep on Buying Bitcoin

El Salvador President Nayib Bukele announced that the country would start buying Bitcoin on a daily basis from November 18. The post El Salvador Trolls Crypto Critics and Vows to Keep on Buying Bitcoin appeared first on BeInCrypto.

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Popular Bitcoin Astrologer’s Star Falls on Twitter Following $30K in Celsius Payments

Twitter critics accused Maren Altman, who has more than 1.8 million social media followers, of not being forthcoming about her deal with the now bankrupt crypto lender, but the influencer says her marketing sponsorship role was no different than doing fashion ads for the company.

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Bitcoin Beats September Stock Market Performance, Return Of Digital Gold?

Ever since losing around 80% of its value from its all-time high, Bitcoin has been questioned as a store of value and a digital equal to gold. The digital currency still records the best performance for any asset across the last decade, but critics are fast to point out past year’s losses. Related Reading: Crypto […]

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Blockchain Association calls White House's crypto framework a 'missed opportunity'

Critics claimed the Biden administration's reports focused on environmental concerns over crypto's energy consumption and illicit uses rather than the technology's benefits.

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White House Crypto Mining Report Draws Praise From Advocates and Critics Alike

The report called on standards to limit the industry’s environmental footprint, or else limit the industry itself.

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Ripple counsel: SEC’s shakedowns leave consumers holding the bag

The response comes as Ripple Labs and other critics believe the SEC has overstepped its mark on the enforcement of the crypto space.

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Ukraine has shown the value cryptocurrency offers to real people

Ukrainian refugees have used cryptocurrency to survive. And contrary to what critics believe, sanctions have prevented Russia from finding much use for crypto.

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Crypto Firms In The US Have Paid Over $3 Billion In Fines With The SEC Being The Largest Collector

Crypto firms have paid over $3 billion in fines to US authorities since Satoshi Nakamoto launched Bitcoin. BlockFi was slammed with the largest fine after it paid $100 million early in the year. Payment of fines suggests that the cryptocurrency industry is not as unregulated as critics paint it to be. The US Securities and […]

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Binance’s CZ Says Michael Saylor ‘Will Have The Last Laugh’ As MicroStrategy Buys Even More Bitcoin

MicroStrategy’s move to keep stacking Bitcoins in light of the bearish crypto sentiments has drawn jeers from critics. However, the founder of the world’s largest crypto exchange gave a big thumbs up to the purchase.

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Anxious about Bitcoin's price swings? Here's your food for thought

If you have been keeping tabs on Bitcoin [BTC] and the crypto market at large for the last few months, chances are you are feeling a bit bitter. Unless you happen to be one of the Bitcoin critics and The post Anxious about Bitcoin's price swings? Here's your food for thought appeared first on AMBCrypto.

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How Celsius Network Is Proving Critics Wrong, Price Soars to $0.9 Amid Market Dip

It’s been eight days since Celsius Network Halted Swaps, Transfer, and Withdrawal, citing extreme market conditions. This came as the Crypto Market was experiencing a massive sell-off that saw Bitcoin hitting $17k low levels.

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Human rights activists take aim at privileged crypto critics in letter to Congress

The group of 21 activists provided examples of how crypto assists people around the world, saying “tens of millions” rely on Bitcoin and stablecoins as a way to access financial tools.

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Australian mayor suggests crypto as tax payment option

Gold Coast Mayor Tom Tate has said residents could pay taxes and rates with cryptocurrency in the future, even as critics and experts point to volatility as a major concern, ABC News reported. The post Australian mayor suggests crypto as tax payment option appeared first on CryptoSlate.

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Web2 Pundits Lobby Washington Against Crypto Influence

A group of 26 technologists, including some of cryptos most fervent critics, has sent a lobbying letter to U.S. lawmakers urging them resist pressure from crypto financiers and lobbyists to...

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Has New York State gone astray in its pursuit of crypto fraud?

A new Senate bill strives to keep the “spirit of blockchain” while combating crime, but critics call it ill-conceived, redundant and unworkable.

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Critics say algorithmic stablecoins are ‘disaster waiting to happen’

The recent increase in the popularity of the so-called “algorithmic stablecoins” has caused an uproar within the crypto community, resulting in serious debates around their utility for the crypto market.

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UFC To Pay Fighter Bonuses In Crypto

The UFC has been criticized in the past for the compensation allocated towards it’s talent, who put their all in on one of the most physically enduring sports on the planet. The league can look to counter critics this week, courtesy of their existing partnership with Crypto.

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Crypto critics: Can FUD ever be useful?

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Amid Big ADA Milestones, Charles Hoskinson Dispels Claims That Cardano Is ‘Crypto Theranos’

IOHK CEO Charles Hoskinson has come out to defend Cardano from critics who have compared it to the now-defunct biotech startup Theranos.

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Credit Suisse data leak reveals shady activities in over 18,000 accounts

The critics of the cryptocurrency sector usually base their arguments on the use of cryptocurrencies for illicit activities. However, a recent data leak on Credit Suisse shows that money laundering in the traditional financial sector dwarfs what is reported in the crypto sector.

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Critics say “Crypto Bowl” ads promoted FOMO, not the future

The Verge says this year’s flood of Super Bowl crypto ads did little to advance the space in any meaningful way. The post Critics say “Crypto Bowl” ads promoted FOMO, not the future appeared first on CryptoSlate.

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“I Expect $ADA Holders To Be Disappointed”, Crypto Researcher Chris Burniske Calls Cardano “Vaporware”

Key Takeaways Chris Burniske has called Cardano a vaporware. He argues that Cardano has failed to deliver on its promises. Cardano proponents have argued otherwise. Critics of Cardano continue to argue it does not have any substantial use case to show for its market valuation.

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America COMPETES Act passes House without 'disastrous' provision on crypto

A provision originally included in the bill had critics saying the Treasury Secretary would not have had limits on surveilling crypto firms suspected of illicit transactions, nor open the matter to include public feedback.

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Bitcoin Carbon Emission 50 Times Lower Than That of Aviation: Coinshares

Another report ruins the "holy grail" of Bitcoin critics: no, the flagship crypto is not that bad for environment

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Top 5 Metaverse Crypto Coins Below $0.5 to Watch in 2022

Even the harshest critics expect Metaverse crypto coins to explode this year, especially those that haven’t yet had a parabolic price rise. This article looks at our hand-picked top five Metaverse crypto coins with a unit price below $0.

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More Millionaires Emerge as the Crypto World Hits $3 Trillion Market Capitalization

On Tuesday, 9th November, the global cryptocurrency market reached an astounding milestone that experts and critics may never have expected it to reach in 13 years. The market cap for cryptocurrency worldwide clocked a figure of $3 trillion!  No doubt, this is because more and more people craving financial freedom have resorted to crypto trading. […]

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Ripple And NelNet Join Forces to Fast-Track Crypto’s March to Renewable Energy

Blockchain-based payment company Ripple Labs is furthering its carbon-neutral goal once more. This time with one of the solar energy funds of Nelnet Renewable Energy. Ripple Pens New $44 Million Eco-Friendly Deal The carbon emission of the crypto industry has been a major concern for many with critics pointing out the environmental impact of mining […] The post Ripple And NelNet Join Forces to Fast-Track Crypto’s March to Renewable Energy first appeared on BitcoinExchangeGuide.

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With over 70,000 NFTs issued, Cardano delivers 'time and again,' Hoskinson tells critics

As the crypto community prepared for the long-awaited Cardano [ADA] Alonzo hard fork, founder Charles Hoskinson live streamed a video, where he spoke about "weird" and "negative" crypto journalism covThe post With over 70,000 NFTs issued, Cardano delivers 'time and again,' Hoskinson tells critics appeared first on AMBCrypto.

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Duma Of Russia Seeks To Regulate And Recognize Crypto Mining As Business

Key takeaways Russia seeks to regulate cryptocurrency mining as entrepreneurship. Crypto mining is receiving serious attention from investors, critics, and regulators as the industry expands. Cryptocurrency mining has been affected by the attention and volatility of the asset class.

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The UK’s FCA says that Binance is a major risk that cannot be supervised properly

The UK’s regulators have been among those who have criticized Binance, the world’s largest crypto exchange by trading volume, a lot recently. The Financial Conduct Authority (FCA) is by no means the only regulator who has done so in the last few months, but it has been one of the harshest critics.

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Bitcoin adoption could dampen El Salvador’s credit rating, Fitch says

Fitch Ratings has warned that El Salvador’s move to regulate Bitcoin (BTC) as legal tender could negatively affect credit ratings of the country’s insurance sector.   The global credit scoring agency has joined the pack of El Salvador’s Bitcoin adoption critics, stating concerns about the country’s poor articulation of the crypto’s implementation in mainstream markets.

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Cardano (ADA) becomes third-largest crypto as token surges amidst upgrade plans

Cardano (ADA/USD) has gone on an impressive surge as market participants are anxiously waiting for the Signals Smart Contracts protocol upgrade that will launch next month. The plan to include smart contracts could be a response to critics who insists that the functionality will take much more time to go live.

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ABA’s new report encourages teaming up with crypto companies

Traditional banks have been among the largest critics of the crypto industry for years, back when they still had hope of suffocating the emerging industry and preventing it from taking over. Now that it has become obvious that this is not going to happen, banks are rapidly changing their stances.

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Elon Musk Slams Bitcoin’s Underlying Technology

Once again, Elon Musk is singing the praises of the cryptocurrency Dogecoin, which seems to still be his digital currency of choice. The longtime crypto advocate, who earlier this year said that he would take a salary in Bitcoin, has recently turned into one of the cryptocurrency’s most prominent critics. Most recently, he […]

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Why the Federal Reserve is getting worried about Tether

Rather than attack traditional cryptocurrencies over their volatility like the vast majority of crypto critics, the Federal Reserve is placing focus on their seemingly boring and safe counterparts: stablecoins.

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No, Bitcoin is not ‘technobabble’

While crypto critics and supporters may argue about Bitcoin, they both agree on one thing: It is here to stay.

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U.S Currency Comptroller Calls For Crypto “Regulatory Perimeter”

U. S. financial agencies are preparing to step up crypto regulation following growing concerns the space lacks proper oversight. But critics argue regulation per se is not the issue. Instead, the problem comes down to the lack of clearly defined roles and responsibilities between the various agencies.

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Religious Ban on Cryptocurrencies Provokes Social Media Reproach in Ingushetia

A decision by a prominent religious body in Ingushetia to prohibit dealings with cryptocurrency has sparked controversy in the predominantly Muslim Russian republic. Critics have taken to social media to express their disagreements with the ban, pointing out that the treatment of bitcoin in Islamic jurisdictions is not one-sided.

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Chia raises $61M for ‘eco-friendly’ crypto despite critics

Chia Network has raised $61 million in funding from leading tech investors including Andreesen Horowitz and Naval Ravikant for its supposedly eco-friendly crypto network.

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Signal Rumored to Be Creating Privacy Crypto Payment Feature

Privacy-centric messaging app Signal is reportedly working on modalities to introduce a crypto payment gateway for users on the platform. However, critics of the plan say the move could bring further regulatory heat on the company.

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Blockchain Bites: ‘Crowded’ Crypto Traders, Ether All-Time High, the Bitcoin Battery Proposal

Bitcoin's environmental impact has become top focus for some critics as traders go "long BTC" and Dunamu reveals a “fear and greed” index.

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FinCEN Extends Comment Period for Controversial Crypto Wallet Rule

Critics of the rule said it would be technically impossible for some projects to comply because smart contracts and author-decentralized tools do not have name or address information to provide.

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MakerDAO and More: The Quest for a Stable Stablecoin Continues

Even with a tumultuous past and harsh critics, stablecoin projects keep popping up, aiming to relieve some of the volatility in the crypto markets.

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Bitcoin’s Value Surpasses $23,700, Critics Claim Its a ‘Bubble,’ Onchain Analyst Says $100K Prices ‘Ridiculously Low’

The crypto economy has gained a massive amount of value during the last few days, as the aggregate market cap of all 7,500+ digital assets is a whopping $640 billion on Thursday. Meanwhile, the largest blockchain in terms of valuation, bitcoin has touched an all-time high of $23,777 rising more than 22% in 24 hours.

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Publicly recanted! Luminaries who came to terms with crypto in 2020

Bitcoin may never be a widely used medium of exchange, but it has become a useful store of value, former critics concede in 2020.

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PayPal special! Crypto plans revealed, Bitcoin’s reaction, critics circle: Hodler’s Digest, Oct. 19–25

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link!

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Paypal’s Crypto Embrace: Morgan Stanley Says Move Boon for Mass Adoption, Critics Say Payment Giant Violates Crypto Principles

The entry of Paypal into the cryptocurrency industry continues to expose the divide between traditional crypto space players who are less enthusiastic and non-crypto players who endorse the move. Non-crypto players like the analysts at Morgan Stanely are agreement with the notion that the payments giant’s move will lead to greater adoption cryptocurrencies.

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DeFi critics criticize freezing of $130m in Kucoin crypto: here’s what they get wrong

KuCoin underwent a brutal hack last week that resulted in millions of dollars worth of coins lost. The post DeFi critics criticize freezing of $130m in Kucoin crypto: here’s what they get wrong appeared first on CryptoSlate.

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