Author: e_cash_top

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[ad_1] MicroStrategy Chair Michael Saylor called out former FTX CEO Sam Bankman-Fried (SBF) for “committing the sin of sh*tcoinary.” It has been a month since the FTX run resulted in the platform filing bankruptcy and the firm’s inner workings were laid bare. Much has happened during this time, but the underlying problem remains a $3.1…

Over $20M staked as ApeCoin staking goes live

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in Uncategorized

[ad_1] Over $20 million worth of ApeCoin (APE) has been staked less than 24 hours after its staking feature went live, according to Etherscan data. Horizen Labs tweeted on Dec. 5 that the rewards would start accruing by December 12. The staking update had experienced early delays due to a Bug Bounty AIP, which led…

Celsius gets extension for chapter 11 reorganization plan

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[ad_1] Embattled crypto lender Celsius has received approval from the bankruptcy court to extend its timeline for submitting a chapter 11 reorganization plan until Feb. 15, 2023. A Chapter 11 reorganization plan is a document that details how a bankrupt entity intends to raise funds to pay back its creditors. Celsius which filed for bankruptcy…

Miners finally see some relief as difficulty decreases 7.32%, making it the largest difficulty reduction in 2022

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[ad_1] The crypto industry has always been highly volatile, but few could have predicted the turmoil it experienced in 2022. This year has been unprecedented for the industry, with every aspect affected by the collapse of Luna and FTX. Aside from retail investors who took considerable losses in these black swan events, Bitcoin miners remain…

Nexo bows out of US on regulatory uncertainty

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[ad_1] Crypto lender Nexo announced on Dec. 5 that it was phasing out its products and services in the United States due to a lack of regulatory clarity. Today we are announcing the regrettable but necessary decision that Nexo will be phasing out its products and services in the United States due to a lack…

Stablecoin usage remain high despite crypto winter

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[ad_1] Reflexity Research cofounder Will Clemente tweeted on Dec. 5 that stablecoins were one of the few crypto use cases that have found product market fit despite the current market condition. Stablecoin aggregate volume reaches ATH Citing Glassnode data, Clemente said stablecoin’s growth was evident in several areas. This included the aggregate volume reaching an…

Maple Finance severs ties with Orthogonal Trading over insolvency concerns

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[ad_1] Institutional crypto lending protocol Maple Finance has moved to end all its business deals with Orthogonal Trading over concerns that the latter is “effectively insolvent.” Maple Financial lending partner Orthogonal Trading was caught up in the FTX collapse, which left the trading firm in a liquidity crisis. The trading firm has four active loans…

Infura hits back, Nexo leaves US, SBF tries to avoid Congress

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[ad_1] ConsenSys’ MetaMask has been criticized for changing its privacy policy to notify users that it will track IP addresses upon sending transactions. The move is seen as a threat to personal privacy, with concerns that MetaMask’s parent company ConsenSys could use the IPs to surveil the Web3 and DeFi spaces. Infura co-founder Michael Wuehler…

Vitalik Buterin reveals exciting use cases for Ethereum ecosystem

Dec 5, 2022

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in Uncategorized

[ad_1] Ethereum co-founder Vitalik Buterin published a blog post to illustrate use cases that excite him about the Ethereum ecosystem. The post looked at money, DeFi, digital identity, DAOs, and hybrid apps showcasing the breadth of utility within the Turing complete blockchain network. What in the Ethereum application ecosystem excites mehttps://t.co/QxCa6EoWDl — vitalik.eth (@VitalikButerin) December…

U.S. House Committee says SBF has sufficient knowledge to testify

Dec 5, 2022

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