Category: Latest news
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Bitcoin short-term holders realized price is above realized price for first time since 2019
[ad_1] Definition The Realized Price reflects the average on-chain acquisition price for the entire coin supply. Short-Term Holder (STH) Realized Price reflects the average on-chain acquisition price for coins held outside exchange reserves, which were moved within the last 155 days. These reflect the most probable coins to be spent on any given day. Long-Term Holder (LTH)…
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RLY surges over 80% in a day as project team shares treasury holdings, future plans
[ad_1] Ad The Rally Token (RLY) has recorded an 83.73% increase in the last 24 hours, according to CryptoSlate data. RLY token increased from as low as $0.0149 to as high as $0.0313 in the last 24 hours. At the time of writing, the RLY price lingers around $0.0265. RLYUSD (Source: CryptoSlate) CryptoSlate data also…
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Gensler says crypto trading, lending platforms not fit for custody; suggests adoption of new safeguarding rule
[ad_1] Ad Speaking before the Investor Advisory Committee, SEC Chair Gary Gensler said current custody rules do not adequately safeguard users’ crypto assets. Gensler said existing custody rules are supposed to safeguard investors’ crypto funds and securities with qualified custodians. However, crypto exchanges that currently fulfill that role are not qualified custodians, in his view.…
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Aaron Sage deems BLUR ‘the worst thing to happen’ in NFT space; others disagree
[ad_1] Ad Aaron Sage said, “Blur is the worst thing to happen in this space,” in a recent tweet. The writer, who described himself as “deeply passionate about NFTs, Crypto, and Self-Development,” then blasted the marketplace on the basis that non-fungibles are “not all about money.” “They have brainwashed you with their incentives and given…
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Banks’ direct exposure to crypto less than 1% of total – BIS report
[ad_1] Ad Global banks’ exposure to crypto-assets remains minuscule and mostly declined during 2022, the Bank for International Settlements (BIS) said in its latest BASEL III Monitoring report. According to the report, only 17 Group 1 banks reported exposure to crypto-assets out of a total of 181 banks that are part of the BASEL III…
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Silvergate shares tank 46% after Coinbase severed payment partnership
[ad_1] Ad Crypto-friendly bank Silvergate has seen its shares (SI) fall by over 44% shortly after news emerged that Coinbase will stop using its USD payment service. Leading crypto exchange Coinbase informed its Primer users on March 2 that it has decided to change Silvergate as its banking partner. Coinbase said it has moved to…
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Ethereum launches ERC-4337 “smart accounts”
[ad_1] Ad Ethereum developer Yoav Weiss announced ERC-4337, or “smart accounts,” at WalletCon in Denver, Colorado, on March 1. ERC-4337 (formerly EIP-4337) is also known as account abstraction. It provides a basis for various features such as account recovery and group-access wallets. Other possible applications include bundled and sponsored transactions for reduced transaction fees. It…
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Three Japanese banks to issue compliant stablecoins on ‘Japan Open Chain’
[ad_1] Ad Three Japanese banks —Tokyo Kiraboshi Financial Group, Minna Bank, and Shikoku Bank — will issue experimental stablecoins compliant with Japanese laws via the Japan Open Chain, according to a March 2 statement. The three banks are expected to issue legally backed stablecoins that comply with the Payment Services Act. These stablecoins can be…
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Polygon open-sources its Web3 ID solution
[ad_1] Ad Polygon Labs announced that it has open-sourced its Web3 ID solution, as indicated in a blog post from the company on March 1. Polygon initially announced the suite of tools in March 2022 and released it over course of the year. The toolset allows developers to leverage zero-knowledge proofs (or zk-proofs) to manage…
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Yield Farming Sector up 8% according to CryptoSlate data
[ad_1] Ad Yield farming platforms and protocols surged 8% over the last 24 hours, with a total sector market cap now north of $10 billion. What are yield farming coins? The yield farming token sector refers to a subset of the decentralized finance (DeFi) ecosystem that focuses on providing incentives to users for providing liquidity…