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The issue was first identified on Aug. 2. Crypto developers monitor payments glitches on major platforms partly because a key premise of the blockchain industry is to build infrastructure that improves on the current options. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent community call, Basic Attention Token (BAT) founder Brendan Eich said the platform would implement on-chain BAT payouts without Know-Your-Customer (KYC). This development, he adds, is part of BAT’s ongoing roadmap, which aims to
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The leaders of the decentralized autonomous organization (DAO) governing the ApeCoin ecosystem have been criticized by community members for what they described as “insane” salaries after the sums were published in an organizational chart. On June 10, the ApeCoin DAO secretary who goes by “Vulkan” published an organizational chart on Twitter,
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According to a Mar. 21 report published by decentralized finance analytics firm OpenCover, DeFi insurance companies paid out $34.4 million in claims in 2022. In context, only $36.9 million of such claims have been paid out since OpenCover began tracking the data. Notable payouts include $22.5 million during the collapse
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Wholly owned by SporkDAO LCA, Bufficorn Ventures writes small checks to “really, really early” crypto companies to help them get going, Paller said. Bufficorn has easy access to this pre-seed landscape given its proximity to ETHDenver’s builder community, hackathons and speakers, some of which have become rocketing successes after attending
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Nearly a decade after, the end Mt.Gox case will solve historical injustice on early Bitcoin and crypto investors who lost potential high profits over the years. One of the largest cryptocurrency-related hacks, Mt.Gox, which saw hackers siphon about 850,000 BTC, is nearing the end of resolution with creditors expected
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A recent report published by market strategists from the investment bank and financial services company UBS says that the upcoming Mt Gox payouts won’t destabilize bitcoin’s value. While a new supply will come to the market, UBS strategists insist that “it would be less concentrated.” UBS Market Strategists Believe Mt Gox
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Silvergate, a California-based crypto bank whose shares are listed on the New York Stock Exchange, is suspending dividend payout to remain highly liquid as the digital currency market tries to pull itself out of the liquidity crisis of 2022. In a press release on January 27, Silvergate, a state-chartered bank that went
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Victims of ransomware attacks paid hackers 4.5 times less in crypto in 2022 than in 2021, according to a new report. Source
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“Not only is the UCC [Unsecured Creditors Committee] laser focused on maximizing value for the customers, without regard for the Equity Holders, but the Debtors also have made it abundantly clear that the UCC is their partner, and these cases are all about the customer,” the statement said. Original Source
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