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MetaDAO's push to revolutionize governance via markets-based decision-making is getting a boost from the creator of its creed: Robin Hanson.The crypto group on Thursday hired Hanson – a George Mason University economics professor who created the notion of futarchy a quarter century ago – as a paid advisor. His addition
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Plasma, a crypto startup building a Bitcoin-based blockchain designed specifically for stablecoins, raised $20 million to further its development, the company said on Thursday.The fundraising round was led by Framework Ventures and will support Plasma’s testnet and mainnet launches, as well as its expansion into remittances, payments and DeFi applications,
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South Korea's Financial Services Commission (SFC) plans on lifting a ban that prevented institutions trading crypto in response to the upsurge in global participation in the market, it said on Thursday. Non-profit organizations like charities, university and school corporations, law enforcement agencies will be able to sell their virtual assets
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USDT issuer Tether could face challenges if proposed U.S. stablecoin regulation is passed, and the company may have to sell some of its reserves to comply with the new rules, Wall Street bank JPMorgan (JPM) said in a research report Wednesday.The Senate's Guiding and Establishing National Innovation for U.S. Stablecoins
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This article is part of a four-piece series on El Salvador. You can find the previous dispatch, a story on Bitcoin Berlín, here.Bitcoin City sounds like a modern El Dorado — a dreamlike enclave in the jungle, a 21st century utopia.Announced by El Salvador President Nayib Bukele in 2021, the
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Popular non-fungible token (NFT) marketplace OpenSea said Thursday that it is expanding its platform to crypto trading and confirmed it is planning to distribute SEA tokens to users.The trading platform called OS2 has launched today, and aggregates marketplaces, allows cross-chain purchasing and offers lower fees in the beginning, according to
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Inflation at the wholesale level came in faster than forecast last month in another disappointment to investors and policymakers hoping for cooling price pressures.The Producer Price Index (PPI) rose 0.4% in January versus economist forecasts for 0.3% and 0.2% in December. On a year-over-year basis, PPI was higher by 3.5%
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Midas, a protocol for issuing yield-bearing tokens backed by U.S. Treasuries and other assets, has introduced Liquid Yield Tokens (LYT) linked to actively managed, decentralized finance (DeFi) funds, starting out with Edge Capital, RE7, and MEV Capital.Late last year, Midas received regulatory approval to issue its basis trade and U.S.
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Robinhood (HOOD) shares surged in pre-market activity Thursday after the popular trading app reported fourth-quarter earnings that beat Wall Street estimates driven by a massive jump in crypto revenue.The company reported $358 million in crypto transaction revenue in the quarter, the highest contribution from digital-asset trading to date, Wall Street
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Bitcoin (BTC) miner Riot Platforms appointed three new directors to its board as it explores potential opportunities in artificial intelligence (AI) and high-performance computing (HPC).The additions include Michael Turner, former president of Oxford Properties and global head of real estate at OMERS, one of Canada's largest pension funds, alongside Jaime
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