Author: e_cash_top
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SBF reveals he donated to Republicans & Democrats as lobbying by crypto firms continues ahead of the midterms
[ad_1] In anticipation of the U.S. midterm elections, the cryptocurrency industry has continued its political spending to shield itself from regulatory crackdowns with a more receptive Congress. Many digital-asset companies and executives now support political action committees, including GMI PAC, whose top contributors include FTX Trading Ltd. Chief. According to campaign contributions, FTX Trading Ltd.…
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Bitcoin options traders expect price to hit $30,000 in Q4
[ad_1] Options are financial derivatives in which two parties contractually agree to transact an asset at a stated price before a future date. Glassnode data analyzed by CryptoSlate suggests options traders are expecting Bitcoin and Ethereum to move higher in Q4. Bitcoin Implied Volatility Implied Volatility (IV) is a metric that gauges market sentiment toward the…
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Huobi alleges pNetwork made over $4M from its Gala âwhite hat attackâ
[ad_1] Huobi has alleged that the GALA incident was not a white hat operation as pNetwork claimed, but an attack that gave the protocol a $4.5 million profit. According to the exchange, there were other âpremeditated operationsâ during the incident, which resulted in over $10 million in profit for the parties involved. Huobi continued that…
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Fears of Terra Luna style collapse of FTX native token FTT as Binance liquidates its holdings
[ad_1] FTXâs native token FTT has experienced a volatile weekend as Binance began liquidating its tokens due to ârecent revelations that have came [sic] to light,â according to Binance CEO CZ. The FTT token is down 9.4% on the day as of press time. FTT Token The local bottom for Nov. 6, however, was as…
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Weekly Macroslate: Fed Chair Powell remains hawkish while BOE seem confused, lack unanimity and lose all credibility as the pound sinks along with the British economy
[ad_1] Macro Overview Powell is not ready to pause Investors are looking for a sign of a slowdown from Fed chair Powell, which they initially thought they were getting despite a fourth consecutive 75bps hike that takes the target rate to 3.75% â 4%. US equities and bonds rallied ahead of Powellâs conference, with Powell…
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Research: A fresh take on Bitcoin mining
[ad_1] Bitcoin mining and its energy consumption have recently been the subject of many heated debates. As governments and institutions around the world keep introducing new measures to combat pollution and climate change, Bitcoinâs energy-guzzling network sticks out like a sore thumb. Various data aggregators and trackers work around the clock to provide the market…
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Lebanon Locals are turning to Bitcoin, Tether amidst an economic crisis
[ad_1] The unsustainable financial system in Lebanon has brought some Lebanese to crypto. Locals are mining Bitcoin or storing wealth with cryptocurrency and completing some payments with Tether. Dire Economic Situation in Lebanon In 2019, Lebanon fell into a financial crisis after years of expensive wars and poor spending decisions. A CNBC ground report outlined…
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Solana co-founder Yakovenko wants “consensus at the speed of light” with over 20k validators
[ad_1] Talking at Solana Breakpoint, Austin Federa, Head of Communications at Solana Foundation, opened a talk on the past and future of the Solana ecosystem before bringing on Solana CEO, Anatoly Yakovenko. Federa spoke more broadly about the web3 industry comparing cryptoâs adoption to that of the internet in 1995. The evolution of web3 Federa…
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Google Cloud becomes a Solana validator
[ad_1] Google Cloud has announced a ground-breaking partnership with Solana. One of the worldâs largest cloud service providers will become an integral part of the Solana network and bring Solana into its wide array of products and services. The company said that it will be running a block-producing Solana validator that will enable it to…
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Web3 Foundation claims Polkadot’s native token DOT is software, not a security
[ad_1] Web3 Foundationâs chief legal officer Daniel Schoenberger argued that Polkadotâs native token DOT has âmorphedâ and is software, not a security. Therefore, the token should not be subject to federal securities regulations in a Nov. 4 blog post. He claims that Polkadotâs vision has not contemplated that DOT would be a security and has…