Solana (SOL) holders losing trust after network blackouts. Could Orbeon Protocol (ORBN) be the game changer?.

It is a sad but undeniable fact of life that wherever something of value exists, someone somewhere will try to steal, copy, or sabotage it. The crypto world has not escaped from this. According to expert reports, malicious actors are increasingly focusing on decentralized finance protocols, particularly those susceptible to hacking. Solana (SOL) has been […] origin »

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Solana’s Metaplex slashes workforce.

Metaplex is the latest company to be affected by FTX's contagion as it laid of several employees. However, the protocol claims to have no direct exposure to the bankrupt crypto exchange. origin »

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BC.GAME’s World Cup Carnival Offers $2.1M and a Tesla in Prizes.

Willemstad, Curaçao, 18th November, 2022, Chainwire To mark the FIFA World Cup 2022, online gaming platform BC. GAME  is offering multi-million dollar prizes via its Coco’s Carnival portal. origin »

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This week in crypto: The FTX saga continues to unfold.

Companies affected by FTX’s recent collapse are starting to come out, with bankruptcy filing currently underway. Numerous companies affected by FTX’s collapse FTX filed for chapter 11 bankruptcy last week, a move that saw one of the biggest crypto exchanges in the world, crumble. origin »

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Korean crypto exchange GOPAX halts Genesis-backed DeFi amid FTX crisis.

South Korean crypto exchange GOPAX has announced suspending principal and interest payments in its DeFi service GOFi, which brokers products from global crypto lender Genesis Global Capital. origin »

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"Black Swan" Author Is Optimistic about Current "Crypto Crash," Here's Why.

Nassim Taleb gloats over state crypto market has been thrown into, calls crypto influencers and leaders "cryptocrats" origin »

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NFT rides shotgun as Red Bull Racing closes out F1 season.

Red Bull Racing will close out a successful Formula 1 season with an NFT emblazoned on both drivers’ vehicles at the Abu Dhabi Grand Prix. origin »

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FINRA Targets Crypto Communications After FTX Collapse.

The U.S. self-regulatory body is gathering information on crypto marketing between July and September this year to potentially inform a regulatory response. origin »

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Russian Partnership Could Cause Cuban Crypto Crisis.

Russia and Cuba are cooperating in utilizing cryptocurrencies for international settlements in rubles in order to skirt international sanctions. The post Russian Partnership Could Cause Cuban Crypto Crisis appeared first on BeInCrypto. origin »

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Could Hong Kong really become China’s proxy in crypto?.

With its partial autonomy, the island city of Hong Kong has traditionally served as a gate to China, but with crypto, there is a catch. origin »

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The FTX contagion: Which companies were affected by the FTX collapse?.

The FTX saga has had a massive impact on the entire crypto industry, and some companies bore the brunt of the crash.

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Cardano’s Self-Regulated Stablecoin Set for Launch in Early 2023 — Is ADA Ready For A Go At $1?.

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The Pitfalls of Being Paid in Crypto.

Between marginal rates, excise tax and the potential for foreign tax credit mismatch, crypto grants could be taxed at an 80% or higher effective rate. origin »

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Here’s How Some FTX Account Holders Can Get Their Money Back – But Time Is Running Out.

British computer scientist Joshua Browder discusses how institutional investors can file “Schedule E” claims in a bid to recover their funds from the beleaguered exchange. origin »

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How Bad Tax Policy Drives DAOs Out of the US.

Despite crypto-friendly laws in Wyoming, most DAOs are choosing to incorporate overseas. origin »

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Ripple Seeks Crypto License in the Republic of Ireland: Report.

Ripple has turned its attention to countries outside the U.S. due to its ongoing lawsuit with the U.S. Securities and Exchange Commission. origin »

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Binance launches free blockchain,Web3 online courses.

Cryptocurrency continues to see steady growth, even amid major stumbles over the past decade that have kept millions from exploring the space. And after FTX’s collapse this week, fresh calls for more effort to educate the public about this nascent industry are ringing. origin »

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Heroic Story secures $6 million to build Web3 tabletop RPG world.

The seed round was led by Upfront Ventures with participation from Multicoin Capital and Polygon Technology.

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US crypto exchanges lead Bitcoin exodus: Over $1.5B in BTC withdrawn in one week.

Cold feet are in charge as exchange users continue to move Bitcoin from exchanges to non-custodial wallets.

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Nayib Bukele announces Bitcoin prescription for El Salvador: 1 BTC a day.

El Salvador currently holds 2,381 BTC with a total investment of $103 million, the value of its BTC investment has declined to $39.4 million in the current market conditions. origin »

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Kizumi Bringing Like-Minded People Together Under One Community In The Metaverse.

Kizumi, a Web3 brand based on the metaverse, is providing a safe environment where people can come together to discuss and create a community based on similar interests. The Kizumi brand seeks to unite people with the same grit, perseverance and passion, allowing them to work towards becoming their best selves. As a brand, Kizumi […] origin »

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LBank Officially Lists the WCA TOKEN (WCA) on its Crypto Exchange Platform.

Leading digital assets trading platform LBank has announced plans to officially list the WCA TOKEN (WCA) on its platform via a recent press. The token launch follows the platform’s plans to expand its reach to the global space further. origin »

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MEXC Global Exceeds 10 Million User-Base, Upgrades Brand Color to “Ocean Blue”.

In celebration of its consistent growth trajectory, particularly reaching over 10 million users, MEXC Global has adopted the proposed brand color change. Aside from celebrating the milestone, the world-renowned cryptocurrency exchange is rebranding to spread awareness of what it upholds—Users Come First. origin »

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Bitflex Exchange Goes Live, Offers Intuitive User Interface Ideal for Modern Users.

Bitflex exchange has launched following a successful beta period characterized by an over 1,000% growth of its community. The platform boasts an easy-to-navigate, aesthetically pleasing interface. origin »

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Pension Giant Ontario Teachers' Plans to Write Off All $95 Million Invested in Crypto Exchange FTX.

FTX investment represented less than 0.05% of Ontario Teachers' total net assets. origin »

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'A Complete Failure of Corporate Controls': What Investors and Accountants Missed in FTX’s Audits.

An expert review of FTX’s audited financial statements reveals a series of red flag related-party transactions that should have led to more scrutiny of the company’s operations. origin »

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Bank of America Downgrades Crypto Exchange Coinbase to Neutral in FTX Aftermath.

Bank of America has had a buy rating on Coinbase throughout its long decline this year, but threw in the towel on Friday with a downgrade to neutral. origin »

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Crypto Exchange Zipmex Asks for Creditor Protection Extension With Takeover Talks 'Ongoing'.

Troubled cryptocurrency exchange Zipmex remains in talks with an investor over a takeover deal, according to one person familiar with the matter. origin »

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First Mover Americas: FTX's Troubles in Paradise.

The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 18, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. origin »

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Bahamas Government Says It Ordered SBF to Hack FTX.

After ordering the FTX hack, the Bahamian agency is now one of the worlds largest ETH holders. Bahamas Government Orders FTX Hack Bahamian authorities ordered Sam Bankman-Fried, previously the main... origin »

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BofA: Don’t Tarnish Blockchain Technology With Speculative Crypto Trading.

The development of applications leveraging distributed ledger and blockchain technology continues to advance, the report said. origin »

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Crypto Firm Genesis Block Ceases Trading Services Amid FTX Contagion: Report.

The Hong Kong-based company was once Asia’s largest Bitcoin ATM player. origin »

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Bank of America Says Crypto Exchanges' Proof of Reserves Have Too Many Shortcomings.

The cryptocurrency industry also needs a clear delineation between trading platforms and market makers, the bank said. origin »

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Bitcoin Bull Tim Draper Sticks To $250,000 Price Prediction For BTC In 2023.

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Cardano-Based Regulated Stablecoin USDA Will Hit the Market in Early 2023.

USDA would be the first fully fiat-backed, regulatory-compliant stablecoin in the Cardano ecosystem, Emurgo said. origin »

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TRM Labs launches Beacon Network, the holy grail of recovering stolen crypto.

TRM labs has announced the launch of Beacon Network to aid the recovery of stolen digital assets before malicious hackers cash out. origin »

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Tuvalu island to become “first digital nation” on metaverse.

Tuvalu Island plans to become the world's first digital nation in an effort to preserve its history and culture amidst concerns that the island will be submerged. origin »

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Sensorium And Polygon Studios Join Forces To Increase The Development Of Web3 Projects.

Sensorium, a leading metaverse and Web3 developer, is happy to announce its partnership with Polygon Studios to accelerate the development of Web3 projects. According to the press release, the two companies plan to use Polygon’s blockchain infrastructure to support and advance Sensorium’s Web3 developments and associated tokens. origin »

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Bitcoin Songsheet: How Fiat Money Ruins Civilization.

Fiat money leads to a degradation of incentives, creating a society motivated only by the consumption of resources and zero value production. origin »

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Veax, a DEX On NEAR, Raises $1.2M Pre-seed Amidst Global CeFi Breakdown.

Web3 venture builder, Tacans, introduces today their latest project, traditional finance (“TradFi”)  empowered by decentralized exchange (“DEX”) on the Near protocol, Veax.   Harnessing the robustness of the Near blockchain, Veax is created to provide an extensive suite of TradFi functionalities with an innovative DEX architecture built by a team of blockchain talents across Ukraine, Portugal, … Continued The post Veax, a DEX On NEAR, Raises $1. origin »

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FTX Exchange Release Day One Bankruptcy Filing: “Complete Failure”.

The newly appointed CEO of FTX provides initial bankruptcy filing calling previous management a “complete failure” and details misuse of corporate funds. origin »

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Despite Huobi Token’s 24% Decline In Past Week, Whales And Sharks Continue To Buy.

Data suggests Huobi Token whales and sharks have been accumulating recently despite HT’s 24% decline during the last week. Huobi Token Whales And Sharks Have Added Almost 18% To Their Holdings In Recent Days As per data from the analytics platform Santiment, the Huobi Token whales and sharks seem to have been making some movements […] origin »

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3 reasons why the FTX fiasco is bullish for Bitcoin.

The FTX fiasco is nothing new for Bitcoin as it survived multiple exchange collapses, bear markets and even outright bans in its decade-plus existence. origin »

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El Salvador To Buy One Bitcoin Every Day: President Bukele.

El Salvador President Nayib Bukele yesterday announced the country would begin purchasing one bitcoin every day, starting today. origin »

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Australian firm raises $28M to expand Bitcoin mining capabilities.

The Sydney-based Arkon Energy secured $28 million in a recent funding round to expand its renewable energy Bitcoin mining operations despite the volatile market. origin »

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‘I knew he was desperate’ — Binance CEO CZ opens up on SBF relationship.

Binance’s CEO reflects on prior dealings and relationship with SBF after the collapse of his FTX empire.

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Binance, OKX and Bybit suspend USDT and USDC deposits on Solana.

The SOL cryptocurrency continues crashing amid the FTX crisis, plummeting 7% on the news of exchanges halting deposits of Solana-based stablecoins. origin »

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Breaking down FTX’s bankruptcy: How it differs from other Chapter 11 cases.

The FTX bankruptcy has left creditors, investors and industry experts questioning what will happen next — Here is what we can expect. origin »

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Ethereum Climate Platform launches to address the network’s prior PoW emissions.

Ethereum co-founder Joseph Lubin said that while the Merge set a high standard for climate mitigation, the crisis still requires more radical change. origin »

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Ripple CEO Garlinghouse Unveils Massive Milestones At Swell Conference.

Amid FTX contagion fears and the legal battle with the US Securities and Exchange Commission, Ripple Labs is currently hosting its Swell Global conference in London. Yesterday’s first day featured CEO Brad Garlinghouse (“BG”), among others, speaking about the massive progress made recently. origin »

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