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“The loss of Silvergate, SVB and Signature is devastating for US-based crypto companies,” Frank wrote. “That said, the crypto market has at least temporarily responded to the bailouts well. In light of the uncertainty surrounding banking in the US, the narrative of Bitcoin as a hedge and safehaven has gained
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“Recent failures in the crypto market have emphasized the importance of having a clear, consistent contractual framework that spells out the rights and obligations of both parties following a default,” ISDA CEO Scott O’Malia said in a statement, adding that new definitions would help in bankruptcy cases. Original Source
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Bitcoin (BTC) faced a potentially volatile day on Jan. 18, with multiple macro triggers beginning to unsettle the outlook.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBoJ refuses to hikeData from Cointelegraph Markets Pro and TradingView showed BTC/USD holding firm above $21,000 on the day. The pair remained cool amid news from
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His worry is that, under Maurey’s plans and until MiCA is up and running, crypto firms based in other EU member states could have to seek a duplicate license in France – despite the fact that MiCA is supposed to ensure they can operate across the bloc with a single
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Microsoft association with Metaverse firm Touchcast has resulted in data manufacture of the Fiat model, which according to Bzeih, is a “natural progression”.American multinational technological corporation Microsoft (MSFT) has high hopes for the metaverse in the future. In a talk recently, Microsoft Chief Strategy Officer Henry Bzeih claimed that the
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Brad Garlinghouse believes it is a good thing that the US would not be starting from scratch in its pursuit of regulatory clarity.Ripple CEO Brad Garlinghouse has said he is fairly optimistic about the United States crypto industry gaining regulatory clarity this year. He shared his thoughts via a series
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Decentralized finance (DeFi) is defined as any product or service offered by the Web3 world that helps users conduct financial activities such as payments, borrowing, lending, investing, trading and staking. Several Web3 use cases, including DeFi, GameFi, SocialFi and nonfungible tokens (NFTs), emerged through the last bullish cycle. DeFi has been
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Ethereum founder Vitalik Buterin showed sympathy for competitor Solana (SOL) in a Dec. 30 tweet. He said that “smart people” tell him that Solana has “an earnest smart developer community,” and suggested that the opportunists who were involved with the project in the past have been “washed out.”Buterin also expressed
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The FTX-owned Japanese crypto exchange Liquid has announced plans to begin the process of returning customer assets in 2023. According to the Dec. 29 statement issued on its blog, the exchange is preparing to return assets entrusted by both customers from FTX Japan and Liquid Japan, and is working on a
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At the World Digital Mining Summit in Cancun, Mexico, last month, Bitmain, the world’s largest bitcoin mining rig manufacturer and the host of the conference, touted Latin America, particularly Paraguay and Argentina, as promising countries for mining. About a quarter of the conference was dedicated to the topic of “Latin
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