Tuesday, November 5, 2024
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Curve founder looks to unexpected counterparties to rescue sinking DeFi loans

Curve Finance founder Michael Egorov is attempting to offload some of his DeFi positions to alleviate his mountain of debt, but some have highlighted his liquidity sources.On Aug. 1, Nansen research analyst Sandra Leow posted a list of liquidity sources for Egorov’s Curve DAO (CRV) positions.According to Leow, Egorov sold

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Ethereum’s Merge won’t stop its price from sinking

Ethereum’s long-awaited Merge took place in September, shifting it from a legacy proof-of-work (POW) model to the sustainable proof-of-stake (PoS) consensus algorithm. Many observers expected Ether’s (ETH) price to respond positively as its daily emissions declined 90% with the halt of mining operations. However, the expected price surge never occurred. In

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Michael Saylor: Bitcoin is a Lifeboat Tossed on a Stormy Sea, Offering Hope to Anyone Who Needs to Get off a Sinking Ship

Summary: MicroStrategy CEO Michael Saylor has described Bitcoin as a lifeboat tossed on a stormy sea, offering hope t anyone that needs to get off their sinking ship. Mr. Saylor also pointed out that Bitcoin will outlast all of us. He added that Bitcoin is the only asset that allows you to accumulate

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Bitcoin’s Sinking Price Pushes Hashrate Below 200 Exahash, Mining Difficulty Expected to Slide 2.8% Lower – Mining Bitcoin News

While bitcoin’s price dropped below the $20K region, the network’s hashrate slipped under the 200 exahash per second (EH/s) region to 167 EH/s on June 18. At the time of writing, the hashrate is coasting along at 184 EH/s after a slight rebound following the drop. With the price per

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Crypto liquidations pass $700M as altcoins take a hit from Bitcoin sinking below $40K

Bitcoin (BTC) stayed lower on Friday after an overnight bout of volatility sent the largest cryptocurrency to six-month lows.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$40,000 optimism unwindsData from Cryptox Markets Pro and TradingView showed BTC/USD reversing at $38,250 after shedding over $4,000 in hours.Circling $39,000 at the time of writing, traders

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