Category: Uncategorized
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Lebanon turns to crypto amid bank closures; FTX seeks to raise $1B; Zilliqa launches web3 gaming console
[ad_1] The biggest news in the cryptosphere for Sept. 22 includes Binance’s newly-set Global Advisory Board that’ll foster responsible regulation of the crypto sector, the agreement Russia’s financial watchdog and largest bank reached to use crypto for international payments, and the indefinite close-up of the banks in Lebanon which pushed the Lebanese to turn to…
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Korean tax authorities seize $185M worth of crypto from tax evaders since 2021
[ad_1] South Korean authorities have seized approximately $185 million worth of digital assets from tax delinquents since 2021, Yonhap news agency reported on Sept. 22. In the second half of 2020, tax authorities implemented a system of seizing the virtual assets of tax delinquents to pressure them to pay taxes. The authorities seized the delinquents’…
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Markets on edge as Fed rate decision due today
[ad_1] The total cryptocurrency market cap saw net outflows totaling $15.5 billion. As of press time, it stood at $920.11 billion, down 1.7% over the last 24 hours. Bitcoin’s market cap fell 1.5% over the reporting period to $365.11 billion from $370.69 billion. Meanwhile, Ethereum’s market cap was also down 1.5% to $164.03 billion from…
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Maple Finance launches $300M lending pool for Bitcoin mining firms
[ad_1] Institutional crypto lending protocol Maple Finance teamed up with Icebreaker Finance to launch a $300 million lending pool to finance accredited bitcoin mining firms across North America, Canada, and Australia. The lending pool launched on Sept. 20 and targeted mid-sized bitcoin mining and infrastructure providers. The loans will be repayable over a 12-18 months…
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What will future GameFi models look like?
[ad_1] The terms GameFi 1.0, 2.0, and 3.0 refer to the iteration of GameFi titles as they move from earliest and least sustainable to more sophisticated as the industry evolves. While tokenomics of different projects are a significant factor (e.g., the number of coins within the game), others, like funding and game quality, are also…
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CryptoSlate Daily wMarket Update – Sept. 19
[ad_1] The total cryptocurrency market cap saw net inflows totaling $32.1 billion. As of press time, it stood at $935.61 billion, up 3.5% over the weekend. Bitcoin’s market cap grew 3.6% over the reporting period to $370.69 billion from $357.68 billion. Meanwhile, Ethereum’s market cap was up 4.2% to $166.48 billion from $159.70 billion over…
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MicroStrategy buys additional 301 Bitcoin for $6M
[ad_1] Business intelligence firm MicroStrategy bought 301 Bitcoins for $6 million at an average price of $19,851 per BTC, according to a Sept. 20 filing. According to the filing, it made this purchase between Aug. 2 and Sept. 19. MicroStrategy now holds approximately 130,000 BTC purchased for roughly $3.8 billion. Based on its recent purchase,…
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Voyager urges Alameda Research to repay $200M loan
[ad_1] Bankrupt Voyager Digital requested that crypto trading firm Alameda Research repay its $200 million loan in a Sept. 19 court filing. According to the filing, Alameda would repay 6,553 BTC (roughly $128 million) and 51,204 ETH ($70 million) to the bankrupt firm. The filing revealed that the Voyager loan included other crypto assets like…
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Ripple and SEC move to settle lawsuit, FTX not authorized to operate in UK
[ad_1] The biggest news in the cryptoverse for Sept 19 includes UK regulating warning that FTX has no authorization to operate in the country, Ripple and SEC filing for a summary judgment, Ronin bridge’s TVL declining by 82.7%, crypto market dipping to $900 billion. CryptoSlate Top Stories UK regulator says FTX has no authorization to…
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Bitcoin Rainbow Chart updated with new lower band after second breach
[ad_1] The infamous Bitcoin Rainbow Chart has been updated to include a new lower band called “1BTC = 1BTC.” The chart echoes PlanB’s stock-to-flow model in terms of sentiment, with bands indicating when to buy and sell Bitcoin. Source: blockchaincenter.net “The original Rainbow Chart is dead. Long live the Rainbow Chart with the new indigo…