Cryptocurrency Analysis and News Portal
After months of uncertainty, the Tribe DAO has passed a vote to repay affected users of the $80 million exploit on decentralized finance (DeFi) platform Rari Capital's liquidity pools.Following several rounds of voting and governance proposals, Tribe DAO, which consists of Midas Capital, Rari Capital, Fei Protocol and Volt Protocol,
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However, although the votes show overwhelming support for the migration, not everyone has been on board with the network’s choice to move to Solana. Last week, Borderless Capital, an Algorand-focused VC that is backed by Helium, took to Twitter to suggest the network reconsider its choice to move to Solana,
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The court drama behind the acquisition of South Korean crypto exchange Bithumb has been going on for several years, but in an unexpected development, a Singapore court has made a ruling against Kim Byung-gun, who has originally accused the owner of Bithumb, Lee Jung-hoon, o defrauding him. According to the South
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The $74 million plan by two former Uniswap Lab executives for a new Uniswap Foundation has just become reality after their proposal received over 99% of the votes from UNI token holders.According to the initial proposal, the foundation aims to streamline Uniswap’s Grant Program (UPG) and reduce friction in the
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Bitcoin (BTC) is still due to return to near $20,000, fresh analysis warns as BTC/USD attempts to retest multi-month highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBuy-the-dip set for invalidation at $20,700Data from Cointelegraph Markets Pro and TradingView showed BTC/USD staging a second run-up to near $25,000 on Aug. 13, so far
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Her Majesty’s High Court of Justice in England has determined that the Venezuelan gold stored in the vaults of the Bank of England must be managed by officials of the Central bank of Venezuela designated by opposition leader Juan Guaido. The management of this gold stash, which is comprised of
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Quick take: Tether’s CTO has stated that the company has reduced its holdings of commercial paper and increased its US Treasuries as reserves for USDT Tether also announced that the USDT stablecoin had stood the test of time USDT also suffered depegging this week as stablecoins were in the spotlight after UST’s and
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South Korea’s newly-elected president Yoon Seok-yeol announced Tuesday he would push to defer taxation on crypto investment gains at least until a new set of regulations called the Digital Asset Basic Act is enacted.South Korea’s crypto tax was initially set to come into effect for the 2022 fiscal year, but
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Two committees of the Hawaii State Legislature — Commerce and Consumer Protection (CPN) and Ways and Means (WAM) — unanimously approved the launch of a specialized task force to explore the use and regulation of the crypto ecosystem.In a letter addressed to the President of the Hawaii Senate, Ron Kouchi,
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Crypto exchanges blocking known addresses might be spurring demand for privacy-oriented cryptocurrencies, one analyst said. Source
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