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Stablecoin protocol Reserve is investing $20 million into the governance tokens of yield farming apps Curve (CRV), Convex (CVX) and Stake DAO (SDT), according to a June 20 announcement. The investment is intended to increase the liquidity of Reserve’s stablecoins, called RTokens. It will also increase Reserve's voting power within
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Warren Buffett has again increased its stakes in the 5 large trading firms in Japan where Berkshire Hathaway had a 7.4% stake. American multinational conglomerate holding company Berkshire Hathaway (NYSE: BRK) has increased its stake in a few trading firms in Japan through a wholly-owned subsidiary, National Indemnity Company. The average stake in
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Ethereum core developers plan to implement a 64-fold increase in the minimum amount of staked Ether (ETH) required to become a validator, from 32 ETH to 2048 ETH.The proposal was made during a June 15 Ethereum core developer consensus meeting by Ethereum Foundation researcher Michael Neuder. The researcher noted that although
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At the time of its bankruptcy last November, FTX may have owned as much as $500 million worth of stock in Anthropic, the creator of ChatGPT rival chatbot Claude, which was valued at $4.6 billion, having raised $750 million in recent months, according to the report. Source
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According to Temasek, despite the absence of any misconduct, both its senior management team and investment body assumed collective accountability and accepted a reduction in their compensation. Executives of Singapore investment firm Temasek Holdings who oversaw the company’s investment in FTX will have their compensation slashed. According to reports, the
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Open source software isn’t property, and current sanctions laws are ill-equipped to handle this, lawyers argue. Original Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance.US and Changpeng Zhao (CZ) are looking to reduce the latter’s majority stake and influence over the crypto exchange, due to increasing scrutiny from U.S. regulators in recent months. Curbing unnecessary regulatory scrutiny In a bid to tackle
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The executives at Binance.US believe that reducing Zhao’s stake could help in actually improving the standing in the eyes of the US regulators. As per the recent development, crypto exchange Binance.US along with its founder Changpeng Zhao is looking at ways to reduce his stake in the company amid a strong
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Crypto exchange Binance US and its founder Changpeng Zhao (CZ) are reportedly looking for ways to reduce his stake in the firm, amid harsh scrutiny from United States federal regulators over the past year. The crypto executive — Binance US’ majority owner — has reportedly been trying to reduce his stake
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Unlike restricted proof-of-work (PoW) blockchains like Bitcoin, the Polkadot blockchain allows cross-blockchain transfers of any asset or data, facilitates more transactions per second and needs less infrastructure.Polkadot uses a nominated proof-of-stake (NPoS) blockchain centered on interoperability of parachains that connect to and are secured by the Relay Chain. Validators can
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