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Bitcoin (BTC) could see “substantial inflows” from China within the next few months, amid a weakening Chinese yuan and one of the country’s biggest capital flights in years. “The familiarity of Bitcoin by Chinese investors in times of a weakening domestic economy could see substantial inflows into Bitcoin over the next
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Tuesday’s stock drop has not affected the performance of Oracle shares in an overall sense. Software maker Oracle Corp (NYSE: ORCL) stock fell 12% on Tuesday, marking its biggest such dip since March 2002 when it recorded a percentage drop of 15%. The Tuesday drop, however, may be attributed to the
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In an official statement on Sunday, Alibaba said that Zhang will be replaced by Eddie Wu. Alibaba Group Holding Ltd (HKG: 9988), one of the prominent players in the Chinese technology industry, faced a 3.5% decline in its stock value on Monday following a surprising turn of events on September 10.
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This week, FTX initiated creditor settlement initiatives, as regulatory efforts commanded significant attention. Meanwhile, Stake fell victim to a multi-million-dollar exploit. FTX moving to settle creditor debt As part of a calculated aim to tackle its sizable debt exceeding $8 billion, FTX started streamlining its digital asset portfolio this week. Their approach entails
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Coinbase's Ethereum layer-2 network Base has suffere its first major outage since its public launch on Aug. 9. For approximately 45 minutes on Sept. 5, no new blocks were produced on the Base chain. Its developers first identified the "stalled" block production at 9:36 pm UTC, according to the Base
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The decentralized finance protocol, Balancer, suffered an exploit attack for nearly $900,000 in just a few days after a critical vulnerability was discovered. On Aug. 27, the company explained to its users that it suffered an attack
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Sei, a specialized trading network within the Cosmos ecosystem, has recently recorded a significant downward trend. Notably, on a day rife with
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Total value locked (TVL), which measures the amount of capital that is held across all DeFi protocols, slumped from $45.3 billion to $42.9 billion in July as the sector failed to turn the tide against falling asset prices. During this period, ether (ETH) traded down from $1,920 to $1,850 whilst
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Tapio Finance’s Discord server has suffered a security breach, with the hackers posting the link to a phishing site on the platform. Tapio Finance’s Discord targeted by hackers Tapio Finance, a synthetic asset protocol in the Ethereum (ETH)
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There is a recorded plunge in business activity as Europe reels from rising inflation and a consistent increase in interest rates. Business activity in Europe is waning as the region suffers slow economic growth. Recent data shows that the euro zone’s flash composite Purchasing Managers’ Index (PMI) fell from 52.8 in
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