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The enterprise blockchain space, which doesn’t seem to experience the same bullish and bearish market cycles as public crypto, is now feeling a change in the broader economic climate, particularly in areas like shipping; this is one of the reasons TradeLens is closing shop, according to Lars Jensen, CEO of
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“We want to attract builders organically who are convinced by TON's fundamentals," Nan Wang, TON Foundation investment associate, told CoinDesk. "We are not necessarily buying out distressed assets ... However, we are willing to support top founders and projects slightly impacted by recent events." Original Source
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After the Salvadoran president Nayib Bukele revealed the country would buy a single bitcoin every day, a report published by Torres Legal details that the government of El Salvador has created a National Bitcoin Office (ONBTC). The report says the entity was created via Decree No. 49, which was signed
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Maps.me and Oxygen, two decentralized finance (DeFi) projects backed by Sam Bankman-Fried’s beleaguered Alameda Research, said in a statement that over 95% of the overall supply of their ecosystem tokens are custodied at bankrupt crypto exchange FTX. Source
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As the effects of the FTX crisis continue to affect the markets negatively, crypto exchange Binance is creating a fund to help potentially strong projects that are having liquidity issues. In a tweet, Binance CEO Changpeng Zhao said that the fund aims to reduce the cascading negative effects of the collapse
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Tron founder Justin Sun said that Tron, Huobi Global, Poloniex will support Binance in its initiative. Source
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The U.S. Securities and Exchange Commission (SEC) has won a court case against the blockchain-powered publishing platform LBRY. According to a New Hampshire district court ruling, Judge Paul Barbadoro agreed with SEC that the project’s native asset LBC was considered an investment contract or a transferable share representing a certificate
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The GameFi industry is set to unleash its massive potential within the next six years. According to Absolute Reports data, its estimated value will grow to $2.8 billion by 2028, with a compound annual growth rate of 20.4% in the same period.It’s a quieter and perhaps less scandalous branch compared
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Place/Date: - October 25th, 2022 at 4:56 pm UTC · 4 min read Source: Big Eyes Coin IntroductionIn the crypto market, where almost every crypto token is trading in red, new projects are continuously surfacing. One of these is Big Eyes Coin (BIG), a meme token yet
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Interest in Web3 continues to grow despite the crypto bear market. A recent article from McKinsey noted that venture capital investments in Web3 exceeded $18 billion during the first half of 2022. Findings from Cryptox Research also show that Web3 attracted the most interest from venture capitalists in comparison to
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