Cryptocurrency Analysis and News Portal
Finland-based peer-to-peer (P2P) cryptocurrency platform LocalBitcoins is shutting down operations after serving its customers for more than 10 years.LocalBitcoins officially announced the termination of services on Feb. 9, citing the tough market conditions of the ongoing cryptocurrency winter.“Regardless of our efforts to overcome challenges during the ongoing very cold crypto-winter, we
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Rosbank has brokered Russia’s first deal involving the exchange of tokenized gold with the digital version of the Russian national fiat currency, the ruble. The successful transaction demonstrates the growing interest in digital financial assets and the need for digital ruble payments, the banking institution stated. Rosbank and Atomyze Exchange Gold
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Its assets as of Dec. 31 stood at $67 billion, with liabilities of $66 billion, almost all of which relates to digital tokens issued. Source
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Five years on from its inception, fan token platform Chiliz has launched its own layer-1 Ethereum Virtual Machine (EVM) compatible blockchain ecosystem to support its growth.Chiliz’s fan token ecosystem has long been powered by Ethereum-based ERC-20 tokens, but the validation of the Chiliz ‘2.0’ Blockchain genesis block sees the ecosystem
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However, Umami temporarily stopped all payouts to token holders in early February, citing regulatory considerations, messages in Umami’s Discord channel show. This caused some discourse among community members, who said the product seem to do the opposite of what it earlier told potential token investors. Source
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It could be argued that the utility of these liquid staking protocols would be reduced as the upgrade date approaches, the note said. The counterargument is that the utility of these protocols is not limited to only providing liquidity, but also acting as an intermediary for retail investors who would
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Bitcoin (BTC), Ether (ETH) and even nascent altcoins are a solid “buy,” a previously risk-off investor says.In a blog post released Feb. 8, industry stalwart Arthur Hayes announced a U-turn on his current crypto investment plans.Hayes changes tune on "risky assets"Current macroeconomic conditions stemming from the United States Federal Reserve
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The crypto mining industry has faced moratoriums in some parts of the United States and Canada in recent months. Now, Russia provides tax incentives for those who want to invest in crypto mining. With the government’s direct support, the new $12 million crypto mining center will open in east
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Plans to transform the bankrupt crypto lender into a “recovery corporation” are not a done deal, and the estate could still be liquidated, legal filings warn. Source
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The cryptocurrency miner Argo continues to undergo a series of company changes in light of its major acquisition and newly filed lawsuit. Peter Wall, the CEO of Argo Blockchain, announced his resignation from his executive position on Feb. 9. According to the announcement, Wall will remain an adviser to Argo throughout the next
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