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After the rap star Snoop Dogg acquired Death Row Records in February, the hip-hop legend explained that he would transform Death Row into a non-fungible token (NFT) label backed by blockchain technology. On Thursday, Snoop’s brand partnership manager Nick Adler joined a newly-created Gala Music advisory board, alongside the record
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U.K. asset management firm Abrdn (ABDN) has joined the Hedera Governing Council to continue its exploration of tokenizing traditional assets. Source
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Ripple Labs Inc., the firm whose payment network is powered by the self-described carbon-neutral cryptocurrency token XRP, has partnered with Web3 climate startup Thallo and various other companies to build a carbon credit market on the blockchain. See related article: SEC opposes motions from two firms seeking to back Ripple in
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Pool Data’s market infrastructure, comprising payment rails that use the USD coin (USDC) stablecoin, as well as consumer-facing apps, aims to be a foundational layer for so-called “data unions,” the growing communities attached to apps that return control of data to users and mine value from it. These communities lack
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Bitcoin, the largest cryptocurrency by market capitalization, ether and most other major altcoins sank more gently, offering the latest counterpoint in an ongoing debate whether digital assets will continue to correlate with equities, particularly from the tech sector. BTC was recently trading over $19,400, roughly where it stood 24 hours
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Ballensweig said in a tweet that he will remain an advisor to Genesis “for the foreseeable future.” He said he had already shifted his day-to-day responsibilities to colleagues to close out his five-year tenure at the Digital Currency Group-owned firm (CryptoX is a sister company). Source
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The state’s move continues a trend of state-level regulators moving faster than the feds on regulating crypto. Source
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Bear market hasn’t stopped the TradFi push into crypto as large players continue to pile into the industry, following Buffett’s famous rule “be greedy only when others are fearful.” Original Source
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A high-ranking member of the Russian parliament has urged for the adoption of a relevant legal framework to properly regulate cross-border crypto payments. His proposal comes after key regulators in Moscow said that Russia needs to allow the use of cryptocurrencies in foreign trade, now that it’s having to deal
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Jill Sommers, who served as a commissioner at the United States Commodity Futures Trading Commission, has joined the board of directors for FTX US Derivatives.In a Thursday announcement, crypto exchange FTX US’ derivatives arm said Sommers had become its latest board member in a move seeming to increase the company’s
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