Over the last several days, the value of Ripple (XRP), which is the seventh-largest cryptocurrency in the world, has been trending downward. At the time of this writing, one unit is worth $0.3428, which represents a decrease of 2.73% over the course of the previous 24 hours and 8.5% over the course of the previous week. The current price behavior […]
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Bankrupt crypto lending platform BlockFi has filed a motion requesting authority from the United States Bankruptcy Court to allow its users to withdraw digital assets currently locked up in BlockFi Wallets. In a motion filed on Dec .19 with the U.S. Bankruptcy Court in the District of New Jersey, the lender asked the court for authority to honor client withdrawals […]
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Decentralization via blockchain technology has given rise to several applications such as cryptocurrency, nonfungible tokens (NFTs), decentralized autonomous organizations (DAOs), decentralized finance (DeFi), and many more use cases. However, the future of decentralization may very well extend beyond blockchain technology. Nillion, an internet infrastructure platform based on cryptography, has developed a technology called Nil Message Compute (NMC), which changes how data is […]
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Staffers at the Bank of Canada released an analytic note on fiat-referenced crypto assets, otherwise known as stablecoins, Dec. 19. In addition to a review of mechanisms for creating and distributing stablecoins and a list of the potential risks and benefits they involve, the note expressed the authors’ support for further regulation of the crypto asset. The global market for […]
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According to an end-of-year letter to investors published on Dec. 10, Grayscale Investments CEO Michael Sonnenshein said that the firm might consider “a tender offer for a portion of the outstanding shares of GBTC [Grayscale Bitcoin Trust]” if the latter’s exchange-traded fund (ETF) conversion process is ultimately unsuccessful. Sonnenshein stated that “such tender offer would be for no more than […]
Read moreDavid Gokhshtein, the founder of Gokhshtein Media, tweeted yesterday that the legal decision in the Ripple vs SEC case may be announced in two months, or at the start of 2023. It’s been about 24 months since the case began; another 3-4 months won’t hurt, right? Earlier this year, he stated that if Ripple wins, it will help the crypto […]
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The AFL says it’s going to continue its partnership with Crypto.com, a famed crypto exchange, even though there are concerns about the space following the collapse of digital trading platform FTX. Crypto.com Is Raising All Kinds of Questions The world was shocked in mid-November when one of the largest digital currency exchanges out there came crashing down and was forced […]
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On Monday (19 December 2022), pseudonymous Cardano ($ADA) influencer “ADA whale” (“cardano_whale” on Twitter) pointed out that $ADA, the native token of Cardano, is “disinflationary”. He went on to tell his over 121K Twitter followers that this could be a great time to buy and stake $ADA: Here is he is showing the $ADA supply emission schedule: Later, he went into […]
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Karl Sebastian Greenwood, the co-founder of the multi-billion dollar fraudulent cryptocurrency scheme OneCoin has pleaded guilty to multiple charges brought forward by the United States Department of Justice (DOJ) and faces a maximum of 60 years in prison. The DOJ announced on Dec. 16 that Greenwood submitted a guilty plea in a Manhattan federal court to charges of wire fraud, […]
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