Category: Latest news
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Worldcoin pushes for mainstream adoption via integration with Shopify, Minecraft, Reddit
[ad_1] Worldcoin, a crypto project co-founded by Sam Altman, recently announced its integration with several prominent online platforms, including Minecraft, Reddit, Telegram, Shopify, and Mercado Libre, TechCrunch reported. This development extends the reach of its World ID technology, which had previously been integrated with platforms like Discord, Talent Protocol, and Oktaâs Auth0. Launched publicly about…
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Corporate adoption in sight as FASB moves toward Bitcoin fair value accounting
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more âș Connected to Alpha Welcome! đ 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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Binance says that DOJ settlement lacks relevance in SEC case as it moves for dismissal
[ad_1] Binance submitted two key filings on Dec. 12 in an ongoing case previously launched by the the U.S. Securities and Exchange Commission (SEC). Binanceâs first filing moves to dismiss the case that the SEC launched against its companies and its former CEO Changpeng Zhao in June. The filing asserts that the SEC has not…
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Argentinaâs new president tackles monetary policy with 50% currency devaluation
[ad_1] In a bold move to address Argentinaâs deepening economic crisis, President Javier Mileiâs administration has implemented a sweeping 50% devaluation of the national currency, the Argentine peso. This radical measure, announced on Dec. 12, marks a significant shift in the nationâs approach to combating its longstanding financial troubles. 50% devaluation As part of a…
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OFAC and CoinList reach $1.2M settlement over Russian sanctions violations
[ad_1] The U.S. Treasuryâs Office of Foreign Assets Control (OFAC) announced a settlement with the crypto exchange CoinList on Dec. 13. Over a two-year period ending in May 2022, CoinList processed 989 transactions worth $1.25 million from users who ordinarily resided in Crimea. The agency called this an âapparent violationâ of its sanctions related to…
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Vitalik Buterin proposes ‘enshrined zkEVM’ to address layer-2 challenges on Ethereum
[ad_1] Ethereum co-founder Vitalik Buterin introduced a new concept for the blockchain platform called an âenshrined Zero-Knowledge Ethereum Virtual Machine (ZK-EVM) in a Dec. 13 blog post. The main goal of the proposal is to substantially improve the efficiency and security of Ethereumâs Layer-2 protocols, which include optimistic and ZK rollups. Addressing challenges in Layer-2…
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Gary Gensler dismisses role of crypto in capital markets while fielding Bitcoin ETF questions
[ad_1] U.S. Securities and Exchange Commission (SEC) chair Gary Gensler spoke dismissively of spot Bitcoin ETFs in a conversation with Bloomberg on Dec. 13. Genslerâs SEC today introduced new rules that are intended to reduce risk in the U.S. Treasury market. According to Reuters, those rules will require a greater number of trades to go…
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Ethereum sees major shift from centralized exchanges to DeFi
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more âș Connected to Alpha Welcome! đ 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 Startup Lab debuts BRC-20 LABB token to nurture BTC startup community
[ad_1] San Francisco-based Bitcoin Startup Lab, a Bitcoin pre-accelerator firm, has introduced LABB, a community-centric BRC-20 token designed to empower BTC entrepreneurs, per a Dec. 13 statement shared with CryptoSlate. The LABB token aims to foster a community of visionaries intending to launch Bitcoin-focused startups. The token acts as a supportive gateway, providing utility for…
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Profitable Bitcoin supply nears cycle peak, could precede market correction
[ad_1] Quick Take Analyzing the supply dynamics of Bitcoin reveals a telling story of profit and loss convergence, a significant indicator of market fluctuations. Of the approximately 19.3 million Bitcoin in circulation, an estimated 17.3 million are in profit, leaving 1.9 million at a loss. The convergence of supply in profit and loss – where…