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But, of course, that is not a deus ex machina of crypto, which would seem to be in philosophical tension with the decentralization goals of many in the blockchain and crypto industries. Ultimately, although crypto and traditional banking may be ostensibly competing in financial services, they are living in fundamentally
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Cryptocurrency exchange Coinbase filed an amicus brief in support of a motion to dismiss the case brought by the United States Securities and Exchange Commission (SEC) against former Coinbase product manager Ishan Wahi and other for insider trading. Coinbase condemns the defendants conduct, it said in the brief, but supports
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Solano, however, said Yuga’s decision to use the Bitcoin blockchain is the company’s effort to be more transparent. By being explicit, the company could then “set the best precedent … given the constraints of running a trustless auction on Bitcoin that simply isn’t possible at this stage.” Source
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MacroStrategy, MicroStrategy’s subsidiary that handles its bitcoin purchases and holdings, received a $205 million loan from Silvergate Bank in March 2022 through its Silvergate Exchange Network (SEN) Leverage program. The loan is due in the first quarter of 2025 and that timing will not change, the company wrote in its
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Gary Gensler’s Take on Crypto Doesn’t Matter Source
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The settlement between Kraken (Payward Ventures) and the United States Securities and Exchange Commission set off alarm bells in the crypto community this month. Apparently, Kraken — one of the most compliance-minded crypto exchanges in existence — decided to buy its peace rather than fight with the SEC for years
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Ethereum’s next big upgrade, Shanghai, is on the horizon for March. The Shanghai hard fork will implement further improvement proposals for the Ethereum network as well as enable Ether (ETH) stakers and validators to withdraw their assets from the Beacon Chain.At the time of writing, staked ETH represents approximately 14%
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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
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A number of Republican senators were no-shows at the FTX hearing, and the crypto views of Sen. Tim Scott, (R-S.C.), who is set to serve as the committee’s ranking Republican in the next congressional session, remain an open question. He’s replacing Sen. Pat Toomey (R-Pa.) in that role, and Toomey
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