Author: e_cash_top
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ETH passes $1,700 for first time since September, but analysts say local top is in play
[ad_1] Ethereum briefly surpassed $1,700 on February 2, soaring more than $500 since the start of the year, but some analysts say the bullish activity on the crypto may be short-lived. A chart published by the market intelligence platform Santiment identified several key points that suggest a local top may be in. Ethereum, Ratio of…
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How crypto turned Portugal into a promised land for entrepreneurs
[ad_1] The crypto industry has seen tremendous growth in the past few years. It took less than four years for cryptocurrencies and blockchain technology to go from a niche industry to a global powerhouse able to move markets and shape regulation. It’s safe to say that the opportunities that arose from this growth changed the…
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Token unlocks: short-term volatility brings long-term growth
[ad_1] Method Token unlocks are significant events that have the power to sway the market. CryptoSlate looked at price data for six different crypto projects, ranging from high-cap to mid-cap, to better understand how their token unlocks affected the market. Polygon (MATIC) On Oct. 26, 2019, the Polygon network unlocked 190 million MATIC. The tokens…
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Binance is still operating normally despite months of FUD
[ad_1] Toward the end of 2022, the market saw some FUD (fear, uncertainty, and doubt) surrounding the safety and security of Binance, one of the world’s largest and most popular cryptocurrency exchanges. The concerns stemmed from various sources, including social media posts and online articles, that have raised concerns about the exchange’s security and the…
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25 important stats about the DeFi industry from 2022
[ad_1] On the one hand, DeFi projects had countless hacks and one of the most disastrous collapses in tech/internet history with Terra. Combined with macro conditions, these factors caused the DeFi market to decline significantly, even more than other blockchain sectors, last year. On the other hand, you can’t have GameFi without DeFi, and NFT…
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NFTs worth millions disappear from prominent Web3 builder’s wallet
[ad_1] Kevin Rose, the founder of the NFT collection Moonbirds, had his personal wallet hacked on January 25, draining it of NFTs worth millions. The PROOF collective founder sent out a Tweet to his 1.6 million followers promising to look into the matter, which has since been connected to a malicious signature Rose granted to…
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Silvergate Capital announces the suspension of Series A preferred stock dividends
[ad_1] Silvergate Capital, the parent company to the crypto bank Silvergate, has announced it will be suspending Series A preferred stock dividends as it hopes to restructure following heavy loses and FUD surroundings its exposure to several now defunct crypto entities. The company said Jan. 27 that it was doing so to maintain liquidity on…
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New York introduces bill to legalize crypto payments for state purposes
[ad_1] Legislators in New York introduced a bill in the local senate on Jan. 26 that could allow state agencies to recognize cryptocurrency as a legal payment. If the bill in question — New York Assembly Bill 2532 — enters law, it will allow cryptocurrencies to be accepted as payment in certain circumstances. The bill…
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BlockFi permitted to pay $10M in staff bonuses in spite of bankruptcy
[ad_1] Bankrupt crypto lending firm BlockFi has been granted court permission to pay nearly $10 million in staff bonuses, according to a filing dated Jan. 27. The filing does not use the word “bonus” itself. Instead, it refers to an employee retention program and describes additional payments on top of base salaries. The program will…
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Federal Reserve denies membership to crypto adjacent bank Custodia
[ad_1] The Federal Reserve Board on Jan. 27 denied an application by Custodia Bank Inc. to become a member of the Federal Reserve System. The move comes amidst increasing regulatory scrutiny from the highest levels of the US federal government in the wake of industry-wide scandals like FTX and Genesis, which wiped away billions of…