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Gloomy forecasts, mass layoffs and antitrust lawsuits have bruised "Big Tech" over the past year. But that doesn't automatically portend the end of Web2. For Web3 to emerge, we have to address key questions about AI and decentralization. Source
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The departure of the Nifty Gateway co-founders comes one week after Gemini’s partner, Genesis Global Capital, filed for bankruptcy protection.Nifty Gateway co-founders, Duncan and Griffin Cock Foster, have announced their intention to step down from the company. While the exact timeline is unknown, the brothers have stayed on for the
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According to a declaration filed by Genesis interim CEO Derar Islim, the company has more than $5 billion in liabilities – a sum considerably larger than its assets which, according to a presentation to the court on Monday, include approximately $150 million in unencumbered cash, $500 million in digital assets,
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Outside of the lending activities, Silvergate also has high flying crypto firms as corporate banking customers through its Silvergate Exchange Network (SEN) Leverage program, which issues U.S. dollar loans using bitcoin as collateral. Some of the companies in the SEN network include Coinbase (COIN), the now-defunct FTX, Paxos, Crypto.com, Gemini,
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Derar Islim, interim CEO of crypto market maker and lender Genesis, has sent a letter to clients updating them on the company’s efforts to prop up its finances and resume withdrawals and new lending. The letter, sent on Jan. 4, comes two days after a Twitter exchange between Barry Silbert,
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While EmpireDAO’s Soho location is shutting its doors, Fraietta has plans to eventually re-open in another spot for “Season 2” of the DAO, along with potential EmpireDAO pop-ups at upcoming crypto conferences, as well as this year’s SXSW in Austin, Texas, in partnership with ATX DAO. Source
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The Argentine Peso has experienced a sudden fall vs the U.S. dollar, falling to a 5-month low in its blue rate, one of the many parallel exchange rates of the country. The reasons for this fall, besides the abundance of pesos due to holiday-related payments, and the battle between President
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Bitcoin (BTC): The largest cryptocurrency by market capitalization was trading around $17,200, up 2.2% in the past 24 hours. BTC was hovering below the $17,000 mark earlier in the day but then jumped around 1:20 p.m. ET to trade as high as $17,293. Equity markets also turned green, with the
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The hedge fund wants more details about the Grayscale Bitcoin Trust, which has fallen by nearly 75% this year. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets. Original Source
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The largest Bitcoin (BTC) institutional investment vehicle is coming under suspicion as it trades at a record discount.The Grayscale Bitcoin Trust (GBTC) is the latest Bitcoin industry entity to feel the heat from the debacle over defunct exchange FTX.FTX woes see Coinbase pledge trust in GBTC ownerWith contagion and fears
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