FTX, Liberty City Lead $20M Raise for Dev Platform DoraHacks
The hackathon startup will use the funds to launch an NFT-focused venture fund, among other things. Original Source
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Will a Proof-of-Stake Ethereum Lead to More Centralization?
Lido, Coinbase, Kraken and Binance, the four largest validator node operators on Ethereum’s PoS Beacon Chain, have amassed a 54% share of all ETH staking activity, according to Nansen. Lido’s dominance, by virtue of controlling roughly 33% of total ETH staked on Ethereum’s PoS blockchain, has raised centralization worries in
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India’s Central Bank RBI Warns Crypto Could Lead to Dollarization of Economy – Economics Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), has expressed concerns that cryptocurrencies could lead to the dollarization of a part of the Indian economy. “It will seriously undermine the RBI’s capacity to determine monetary policy and regulate the monetary system of the country.” RBI’s Crypto Warnings and Dollarization
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Indian Central Bank Says Cryptos Could Lead to “Dollarization” of Economy: Report
Cryptocurrencies can lead to "dollarization" of a part of the economy and this could be against the country's sovereign interest, the top officials of India's central bank told a parliamentary committee on finance, according to a Press Trust of India report. Source
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CleanSpark, Hut 8 Stocks Lead Bitcoin Miner Rally as Markets Bounce Back
“With the plummeting bitcoin price, the profitability of these companies will continue to be under pressure,” said Jaran Mellerud, an analyst at Arcane Research. However, he added, the larger miners – with lower operating costs than the industry average – should be able to see themselves through the valley of
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Cardano’s ADA Jumps 40% to Lead Recovery in Major Cryptos; Sentiment Remains in ‘Extreme Fear’
Cardano’s ADA jumped as much as 40%, leading gains among the biggest cryptocurrencies. BNB Chain’s BNB spiked 30%, Solana’s SOL added 25%, and XRP added 22% during the Asian morning. The recovery came as bitcoin (BTC) and ether (ETH), the two largest, added over 12% each. Most of the largest
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Ether Futures Lead $1.2B in Liquidations, Crypto Market Cap Drops 16% Overnight
Losses exceeded $1.2 billion in the past 24 hours, the highest so far this year. They came as major cryptocurrencies saw steep drops: Bitcoin fell 11%, BNB Chain’s BNB lost 26%, and Solana’s SOL lost 37%. Terra’s LUNA fell out of the top ten cryptos by market capitalization to the
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Coinbase, Microstrategy Lead Crypto Stocks Lower in Market Rout
Double-digit percentage losses were the norm across the cryptocurrency sector as the Nasdaq tumbled another 4% and bitcoin plunged to just above $30,000. Source
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Bitcoin Liquidations Lead $400M in Futures Losses After Drop to $35.7K
Crypto markets saw the highest amount of liquidations so far this month. Source
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Cardano, Avalanche Lead Fed-Driven Crypto Rally, Traders Still Wary of Long-Term Recovery
Crypto markets added nearly 5% to overall capitalization in the past 24 hours after broader markets jumped on the decision to increase rates in the U.S. Original Source
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