Cyptocurrency

Rapid growth in DeFi-focused Ethereum liquid staking derivatives platforms raises eyebrows

Market Analysis Join us on social networksETH) DeFi activity has declined in the bear market and the sector faces further competition from Ethereum’s annual staking reward of 4%, according to Glassnode analysts. However, a DeFi narrative is building around liquid staking…

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Investors See Potential in Sparklo (SPRK), KuCoin Token (KCS) Shows Positive Signs as Axie Infinity (AXS) Price Fall

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Sparklo (SPRK) Presale Attracts Investors, SingularityNet (AGIX) Surges as TRON (TRX) Falls

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Uniswap scam alert: Fraudsters impersonate executives and create fake website

News Join us on social networksindicated his astonishment at the elaborate nature of the scam, emphasizing that it required a significant amount of effort. He further disclosed that the scammers had incorporated Chinese community content into their scheme and even included…

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Crypto Lender Celsius’ $800M Ether Staking Shake-Up Stretches Ethereum Validator Queue to 44 Days

Embattled crypto lender Celsius Network is shaking up its ether (ETH) staking strategy, congesting the already month-long queue to activate new validators on the Ethereum network. Over the course of two days, the firm has been diligently moving ETH into staking…

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Crypto Biz: Six months on from FTX, Tether mines BTC, and Nvidia’s AI superchips

News Join us on social networksChina stands to benefit most from restrictive crypto policies in the U.S., but only time will tell if this is true.Companies are also reviewing their business operations due to increased regulatory scrutiny. In response to crypto…

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Why Did Bitcoin’s Price Rise? BTC Hovers Over $27K as Investors Shrug Off Hot Jobs Data

Bitcoin rose a little on Friday, but largely shrugged off an unexpectedly strong jobs report, along with a week’s worth of upset and uproar over the U.S. debt ceiling, end-game negotiations and renewed inflation concerns. The largest cryptocurrency by market capitalization…

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US lawmakers aim for crypto regulatory clarity with proposed bill putting the screws to SEC

News Join us on social networkspublished on June 2, lawmakers proposed “establishing a functional framework” aimed at providing regulatory clarity for crypto firms in the United States. The draft bill would prohibit the U.S. Securities and Exchange Commission (SEC) from denying…

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Mercado Bitcoin, Brazil’s Largest Crypto Exchange, Receives License as a Payment Institution

Mercado Bitcoin, Brazil's largest crypto exchange, was licensed as a payment institution by Brazil's central bank on Friday, Valor Economico newspaper reported. The company is now authorized to operate as a payment institution, under the status of an electronic money issuer.…

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Marathon Digital Mined 77% More Bitcoin in May With the Help of Its Software

Bitcoin miner Marathon Digital Holdings (MARA) mined 1,245 bitcoin in May, up 77% from previous month with the help of its proprietary software. “The increased production was due to an increased hash rate and a significant increase in transaction fees, which…

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Blockchain Association Files Amicus Brief in Coin Center Lawsuit Against U.S. Treasury Over Tornado Cash Sanctions

The Blockchain Association has filed an amicus brief in an ongoing lawsuit by think tank Coin Center against the Treasury Department and its sanctions watchdog, the Office of Foreign Asset Control. In the suit, filed last October, Coin Center has alleged…

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U.S. House Republicans Push for Crypto Oversight With Bill to Make SEC Play Ball

Crypto exchanges would gain a path to registering with the U.S. Securities and Exchange Commission (SEC) and would be able to trade digital securities, commodities and stablecoins all in one place under a proposal from the Republican chairs of the two…

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Bridge Exploits Cost $2B in 2022, Here’s How They Could Have Been Averted

In the evolution towards a full multi-chain future, bridges remain more vulnerable to hacks than cryptocurrency networks themselves. In 2022 alone, over $2 billion in assets was stolen from token bridge exploits. The worst part is that they could have all…

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Taurus deploys on Polygon blockchain for asset tokenization and custody

News Join us on social networkstokenize intangible assets such as loyalty points and voting rights, as previously reported by Cointelegraph. Enabling banks and brands to issue and custody any tokenized asset using @0xpolygon@taurus_hq, the European digital asset infrastructure leader is now fully…

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Sotheby’s Golden ‘Goose’ Sale and Mercedes Benz Puts NFTs in Motion

This week, Sotheby’s announced the next sale of rare NFTs from bankrupt 3AC’s coveted collection seized by liquidators in July 2022. The highlight of this sale is Dmitri Cherniak's “The Goose,” which is expected to fetch a golden sum. Meanwhile, Mercedes…

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Bitcoin ‘big move’ due in July after March $30K push — Latest analysis

Markets News Join us on social networksrevealed a bullish bias on both Bitcoin  (BTC) and the largest altcoin, Ether (ETH).QCP Capital: Bitcoin consolidation “played out perfectly”Bitcoin price has been ranging between $26,000 and $31,000 since mid-March, but analysts are increasingly calling time…

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Web3 gaming gets competitive edge as Maniac Panda Games joins Cointelegraph Accelerator

Announcement Join us on social networkstechnical understanding barrier before Web3 gaming can reach a broader audience. Players need gameplay elements that they are familiar with to warm to blockchain games that usually come with technical lingo like play-to-earn (P2E), nonfungible tokens…

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Europe’s right-wing political groups find cause in crypto

Analysis Join us on social networkscryptocurrencies and blockchain technology. While the crypto industry is often associated with decentralization, innovation and financial freedom, it is not immune to various political ideologies and influences, and right-wing movements are no exception.The attraction of cryptocurrencies…

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Credit Suisse, Deutsche Bank-Backed Taurus Deploys on Polygon Blockchain

Taurus, which offers custody, tokenization and trading of digital assets, has linked with the Ethereum scaling network Polygon as the tokenization of real-world assets gains traction among financial institutions and large companies. The link-up with Polygon includes support for staking and…

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Solving Lightning’s ‘Inbound Liquidity’ Problem Is Focus of New Layer 2 Bitcoin Protocol, Ark

Burak Keceli, the 24-year-old self-taught Bitcoin developer and researcher who disrupted a large chunk of Bitcoin’s Lightning Network last year, is now proposing a new layer 2 protocol dubbed Ark that he says will solve Lightning’s “inbound liquidity" problem. Inbound liquidity…

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U.S. Adds 339K Jobs in May, Blowing Through Estimates for 195K; Bitcoin Steady at $27K

The U.S. economy added 339,000 jobs in May, according to a Friday morning report from the Bureau of Labor Statistics (BLS). That's ahead of an upwardly revised 294,000 jobs in April and sharply higher than economist forecasts for 195,000. April's job…

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