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But in the grand scheme of things, PayPal’s project is in a far stronger position politically than the universally mistrusted Libra ever was. Republicans are thrilled that the payments company launched its stablecoin, known as PYUSD, at this moment. The bill’s sponsor, Rep. Patrick McHenry (R-N.C.), chairman of the House
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As with most congressional hearings, the event was largely about making political points and grandstanding for the cameras. But it felt significant in that it revealed the scale of Republican dissatisfaction with Gensler’s administration, suggested several points that are likely to become campaign platforms, and publicly weakened the SEC chair’s
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To fund the expected battle, Grey last week proposed the community reserve $4 million of the protocol's treasury funds for a "Sushi DAO Legal Defense Fund." The fund, which is almost as much as the DAO's annual operating expenses, received swift backlash on the community's Discord channels, becoming a sticking
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The co-founder of asset management firm Paradigm says they feel “deep regret” for having invested in FTX amid recent revelations involving FTX, Alameda Research, and Sam Bankman-Fried. In a Twitter post on Nov. 15, Matt Huang, co-founder and managing partner of Paradigm said the firm is “shocked” by the revelations surrounding
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Bitcoin (BTC) returned to $16,500 at the Nov. 14 Wall Street open as bulls tried and failed to break higher.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewSnowden hints BTC price echoes March 2020Data from Cryptox Markets Pro and TradingView showed BTC/USD ranging below $17,000 on the day after a dismal weekly
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Summary: Gemini crypto exchange co-founder, Cameron Winklevoss, believes Bitcoin below $20k seems irrational. Mr. Winklevoss also pointed out that Bitcoin’s underlying fundamentals, adoption, and infrastructure remain strong. CZ also highlighted fundamentals as being crucial during both bull and bear markets. However, Bitcoin remains in a bear market with room for further losses. The Co-founder of
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Last, and most obviously, education was an important theme at bitcoin++ (it is run by an education company, after all). Many people mentioned to me that their desire “to learn” was their main reason for attending. What’s more, a well-seasoned anonymous (only because I forgot his name – it wasn’t
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The past Consensus in which I’m seeing a rhyme is that of 2018, held in the Hilton Hotel in New York City. Until this week’s massive 17,000-strong event, that 2018 Consensus was CoinDesk’s previous biggest in-person event, with almost 9,000 attendees. Original Source
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Bitcoin (BTC) wicked through $30,000 during June 9 as the Wall Street open revealed an ongoing stocks correlation. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader sees "relief" from US CPI printData from Cointelegraph Markets Pro and TradingView showed BTC/USD threatening to head lower as the S&P 500 likewise opened with modest losses.The
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Bitcoin (BTC) starts a new week in an uncertain place facing uncertain times — is $40,000 now resistance?The largest cryptocurrency has just closed a fourth red weekly candle in a row, something that has not happened since June 2020. As cold feet over the macro market outlook continues to be
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