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The United States House Committee on Financial Services released a memorandum detailing the points of discussion during the hybrid hearing on digital assets, to be held today at 10:00 a.m. ET.Addressing the members of the Financial Services Committee, the memo confirmed that the hearing will dedicate one panel to six
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Let’s break it down. Simply put, a flash loan is, as the name implies, a loan that is opened and closed in a very short amount of time. More specifically, it is opened and closed in the same transaction. Flash loans are used to execute atomic trades that either capitalize
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press release PRESS RELEASE. Recently, LBank Exchange held an AMA session with the Polygon team, discussing Polygon’s achievements, collaborations, NFT and Gaming markets, Nightfall solution, future plans and so on. Here’s the summary of this AMA. Ethereum is the blockchain development platform of choice, but it has limitations such as low
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Crypto lender Unchained Capital, for instance, told CryptoX that it does not offer depository accounts or therefore no yield on deposits. Coinbase, the largest U.S. exchange, said on Friday that it no longer plans to offer a lending product that would have powered a savings account for customers with a
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Paxos, a leading stablecoin issuer has released a thorough breakdown of its stablecoin reserves. Paxos Determined to Prove Stablecoin Reserves In a detailed blog post published yesterday, Paxos, the company in charge of the PAX and BUSD stablecoins shared details about the breakdown of its stablecoin reserves. Data from CoinGecko hints BUSD
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Biden’s recovery plan includes stricter tax policies for multinational companies. The incumbent US president Joe Biden has revealed an infrastructure and economic recovery package worth over $2 trillion. The new package is part of the administration’s plan to recover the nation’s economy as the pandemic eases. Biden unveiled the infrastructure
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Over the course of 2020, eToro sized up significantly, as Assia explained: “We’ve grown more than 147% year-over-year revenues,” he noted. This year rolled in with mainstream and crypto bull markets in full swing, in tandem with “the biggest discussion we’ve seen in human history around the intersection of social
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According to the detail provided, founder and Chief Executive Officer Brian Armstrong reportedly earned $60 million in the 2020 fiscal year.Details shared by American cryptocurrency exchange Coinbase in its S-1 filing with the Securities and Exchange Commission (SEC) is evident the company is set to the public markets. The cryptocurrency
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U.S. regulators are discussing the “why” of a new proposal that has crypto fans concerned.Speaking Monday at the V20 Virtual Asset Service Providers Summit, Carole House, cyber and emerging tech policy specialist at the Financial Crimes Enforcement Network (FinCEN), said criminals are conducting cross-border payments using smaller amounts of cryptocurrency
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The Information Commissioner’s Office (ICO) has fined Ticketmaster UK Limited £1.25million for failing to keep its customers’ personal data secure. The ICO found
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