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Polychain Leads $7M Funding for Hardware Wallet Developer Foundation Devices

Founded in April 2020, Boston-based Foundation focuses on products that make bitcoin and decentralized technologies more accessible. The flagship product is Passport, a $259 hardware wallet that uses a camera and QR codes for more secure communication rather than a USB or wireless connection to the outside world. Foundation has

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The all-in-one approach at the foundation of next gen crypto investment platforms

The ongoing FTX saga has injected more uncertainty into an already shaken market. If it was not clear already, even the biggest centralized exchanges can fail. The problem is multi-faceted. On the one hand, just like in traditional finance, centralized institutions are only as good as the people who run

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Near Foundation Joins Processed Foods Giant Grupo Nutresa to Unveil Web3 Loyalty Program in Latin America

Grupo Nutresa, which trades on the Colombia stock exchange, generated $3.1 billion in revenue in 2020 and has been expanding internationally in recent years. It sells products in 78 countries via eight business units, including meats, coffee, ice cream and pasta. Source

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The Ethereum Foundation Commences Shutdown of Ropsten Testnet

Ethereum runs testnets so that developers can run software before launching it on Ethereum’s main network (mainnet). Test networks essentially act as copies of the Ethereum mainnet, and they allow client teams, infrastructure providers and developers to test any changes to their applications before launching them in a more high-stakes

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Luna Foundation Guard Spent $2.8B Defending UST Peg, Third-Party Audit Finds

“While there have been multiple recent failures in crypto, it is important to distinguish between Terra’s case, where a transparent, open-source decentralized stablecoin failed to maintain peg parity and its creators spent proprietary capital to try to defend it, and failure of centralized custodial platforms where its operators misused other

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Solana Foundation Invested in FTX, Held Millions in Sam Bankman-Fried-Linked Cryptos on Exchange

Bankman-Fried’s exchange and trading firm had purchased a total of 58,086,686 SOL tokens from the Foundation and sister entity Solana Labs from August 2020 onwards, the blog post said. The Foundation said it is unclear what will happen to those assets during bankruptcy proceedings. Source

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