Author: e_cash_top
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WLD falls 4% as Worldcoin replaces USD Coin rewards with native token for Orb operators
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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Bitcoin skyrockets beyond $30,000 amid massive short liquidations
[ad_1] Quick Take On Friday, Oct. 20, Bitcoin breached the $30,000 mark first time since August, edging within touching distance of its Year-to-Date (YTD) high in July at roughly $31,500. The resilience of the cryptocurrency was especially noteworthy, given the backdrop of prevailing geopolitical uncertainty, indicating a mystifying market behavior. Over the weekend, Bitcoin consistently…
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Morgan Stanley believes crypto winter is over, Bitcoin halving will kick off new bull run
[ad_1] Wall Street giant Morgan Stanley believes that crypto winter is over, and Bitcoin’s next halving will kick off a new bull run as it has in the past. In a recent report titled “Will Crypto Spring Ever Come?” the bank’s wealth management division delved into the four-year cryptocurrency cycle and the significance of Bitcoin’s…
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Social recovery is a stepping stone, not a silver bullet to the digital ownership dilemma
[ad_1] Given that Web3 is built on the core tenet of decentralization and the removal of third-party intermediaries, why is it that most crypto users today are wed to centralized exchanges? Unfortunately, taking full ownership of your digital assets is still too difficult. Social recovery tackles this problem by offering self-custody with a little help…
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Runtime Verification launches universal ZK rollup PI Squared on MultiversX
[ad_1] Runtime Verification, an Illinois-based security audit firm, unveiled a universal zero-knowledge (ZK) rollup ‘PI Squared’ during the third day of the xDay conference organized by MultiversX. PI Squared leverages the MultiversX blockchain as its consensus layer. PI Squared is designed to revolutionize how computational claims are verified by shifting the focus from traditional methods…
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DeFi Education Fund files amicus brief over financial privacy concerns in IRS case
[ad_1] In a landmark case that marks the first opportunity for the U.S. Supreme Court to weigh in on the Fourth Amendment rights of cryptocurrency users in the context of IRS investigations, the DeFi Education Fund (DEF) has filed an amicus brief urging the court to consider the unique aspects of crypto technology when evaluating…
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Coinbase picks Ireland for its EU MiCA hub
[ad_1] U.S. cryptocurrency exchange Coinbase has officially chosen Ireland as the location for its European MiCA (Markets in Crypto-Assets) hub, marking a significant step in its ongoing international expansion efforts. MiCA, set to apply to crypto asset service providers by the end of 2024, will enable Coinbase to serve a vast market of 450 million…
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Hong Kong to crack down on crypto money launderers in the aftermath of $193M JPEX scandal
[ad_1] Hong Kong’s Customs and Excise Department is looking to tighten regulatory measures to address the money-laundering risks associated with cash-for-crypto shops, South China Morning Post reported on Oct. 21. The decision comes after police arrested some of these store owners in connection with the alleged $192.7 million fraud perpetrated JPEX crypto exchange. In Hong…
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US Chamber of Digital Commerce files motion to dismiss SEC case against Binance, likens it to suing grocery store
[ad_1] The ongoing battle between the U.S. Securities and Exchange Commission (SEC) and Binance, a global cryptocurrency exchange, has received vocal support from the U.S. Chamber of Digital Commerce, a prominent crypto advocacy group. In an amicus brief filed on Oct. 19, the organization asserted that the SEC’s actions against Binance’s U.S. operations are akin…
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Advancing mining efficiency in light of Bitcoin’s diminishing returns
[ad_1] Quick Take As Bitcoin (BTC) approaches its next halving event in April 2024, a unique pattern of progress marked by diminishing returns is becoming apparent. The hash rate, a critical measure of miners’ performance, is currently soaring above 400 Eh/s, maintaining a robust growth momentum. Yet, each successive Bitcoin halving event reveals a nuanced…