A Wall Street Journal article also raises questions about Senator Toomey The post Cynthia Lummis, Bitcoin, and the ethical question appeared first on The Cryptonomist.
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Cryptocurrency Custody Firm BitGo has revealed that it will be supporting $AVAX, the native token of the Avalanche Network, amidst growing institutional interest in the token. The announcement will see BitGo clients such as Bitbuy and Bitstamp offer the $AVAX token to their users.  Growing Interest in…
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The US government regularly sells on the crypto that it seizes through several government agencies. Over the years it has seized and auctioned off 185,000 bitcoin alone. However, these were sold at prices much less than the present day bitcoin value. The sheer amount of cryptocurrencies seized…
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The Ethereum blockchain's Kintsugi Testnet has been officially launched, and it's set to merge the Ethereum mainnet and beacon chain by Q2 2022. Fresh from the Amphora merge workshop, the Kintsugi Testnet is the latest development in Ethereum's roadmap. Kintsugi is a Japanese word that refers to…
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Breaches and frauds in the crypto industry are pushing towards their highest number of cases this year, increasing alongside the growth of the market itself to more than US$2 trillion valuation.  There are already 32 incidents of hacks and frauds amounting to US$2.99 billion, all of which…
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Decentralized finance (DeFi) has grown exponentially over the last few years, crossing $278 billion in total value locked (TVL). However, the whole spectrum of financial services readily available in traditional finance (TradFi) is unavailable mainly in DeFi. Recognizing this problem, Solv Protocol has stepped forward to offset…
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Recently, Facebook CEO Mark Zuckerberg, via a video launch, announced the rebranding of Facebook to Meta. This news created ripples throughout the Web2 and Web3 ecosystems, as the brand’s new logo and taglines quickly appeared across all Facebook-owned channels. The crypto community, in general, wasn’t impressed by…
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There are a number of real-world business processes that are being improved, made fairer, and a lot more transparent with the use of blockchain-based smart contracts. These automated contracts allow parties to commit to certain terms and conditions in order to carry out business transactions. The term…
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Bitcoin (BTC/USD) worked to add to recent gains early in today’s Asian session as the pair notched gains to the 48351.92 level after recently trading as low as the 45469.32 level, with the interday high representing a test of the 78.6% retracement of the appreciating range from…
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The past weekend has been a nightmare for Grim Finance, a compounding yield optimization protocol built on Fantom Opera's permissionless blockchain. The decentralized finance project alerted its users regarding an attack to its platform. According to the Grim Finance team, some $30 million worth of crypto assets…
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