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Ether reached new highs, more people than ever are “long bitcoin” and a debate over bitcoin’s energy consumption is raging. Top shelfOut of the ether?Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, hit a fresh high of $1,439.33, up $19 from a previous record level of $1,420 in 2018.
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Bitcoin’s two-day rally has stalled as the U.S. dollar gains ground in the wake of Joe Biden’s fiscal stimulus announcement.The U.S. President-elect proposed an emergency relief package worth $1.9 trillion at around 00:15 UTC when bitcoin was changing hands near $39,600. At press time, the leading cryptocurrency by market value
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In a largely celebratory community call devoted in part to commemorating lending protocol Aave’s January 8th “Aaveversary” — a full year of Aave on Ethereum mainnet — there was also a look into Aave’s possible future: a proposal from Delphi Digital seeking to fundamentally alter Aave’s Safety Module and create
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Nine congresspeople have signed on to a letter to Treasury Secretary Steven Mnuchin, telling him to hold his horses. The Thursday letter is in response to the Treasury's recent proposal to make registered crypto businesses hold on to more customer information, especially when transacting with self-hosted wallets.The proposal has been met with widespread
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Anti-stablecoin legislation has been a boon for donations to Coin Center, a cryptocurrency think tank and policy advocacy group, with the organization receiving over $100,000 in donations — paid out in stablecoins — two days after the bill was introduced. Cryptocurrency investors, entrepreneurs, and enthusiasts showed strong support for the industry’s
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The deputy chairwoman of the Bank of Russia, Olga Skorobogatova, met with representatives of several major banks Thursday, seeking early feedback on the concept of a digital ruble. According to Russian newspaper Kommersant, the bankers were chiefly concerned over how centralized the digital currency system, currently under consideration, might be
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Cryptocurrency assets would be treated like financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act, under a draft declaration by a financial regulator.“The Declaration would have the effect that any person furnishing advice or rendering intermediary services in relation to crypto assets must be authorised under the
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The votes were staggeringly in favor, but a quorum was not reached, and Uniswap’s second-ever governance proposal has been defeated.The proposal, submitted by decentralized finance (DeFi) portal Dharma, was to distribute 400 UNI tokens each to 12,619 addresses that interacted with Uniswap through third-party apps. In a surprise airdrop on
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Yearn.finance’s YFI governance token has been caught within a brutal downtrend ever since its price peaked at $45,000,
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Awaiting parliamentary approval in Spain, a fresh bill draft intends to cut out illegal tax dealings, as first reported by Cryptox’s Spanish branch. This could mean smaller business transactions as well as mandatory crypto-asset reporting, even for assets held or transacted internationally.The "Draft Law on Measures to Prevent and Combat
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