Crypto headed for ‘Banana Singularity’ where everything goes up: Analyst
Real Vision CEO Raoul Pal says the next phase of the Banana Zone will be an altcoin season “when everything goes up” followed by a bigger consolidation.
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Law Decoded: Russia flounders, America competes, IMF keeps fuming, Jan. 24–31
Uncertainty about crypto regulation can engender internal disagreement even within seemingly monolithic governments. 177 Total views 2 Total shares One of the most fascinating implications of the collision between traditional political institutions and the crypto space is how it can reveal the glaring lack of cohesion within power systems that otherwise look monolithic. Digital assets…
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Coinbase transaction revenues plummet 44% as users activity declines in Q3
While poor market conditions have resulted in revenues falling for the crypto exchange in Q3, its effort to reduce expenses has led to some streamlining. 365 Total views 4 Total shares Crypto exchange Coinbase saw a huge fall in its transaction revenues in the third quarter after activity fell amid a broader market downturn, but…
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Bitfury Enters Music Industry With Blockchain-Based Open Source Platform Launch
Blockchain and Bitcoin mining manufacturer Bitfury announced the launch of a dedicated venture to open source the music industry in a blog post on Jan. 16.The spin-off, dubbed Bitfury Surround, aims to tackle the complex and often unfairly proportioned flows of revenue between artists, fans and middlemen using blockchain technology.The post explains,“The Surround platform will…
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Brazil lifts freeze on Starlink, X accounts after $3M fine payment
The fines are tied to a legal dispute involving X’s failure to comply with court orders in the country.
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Stargate community proposes removal of Fantom USDC pool to mitigate risks
So far, a total of 1.7 million verified members of the Stargate community have voted in favor of the proposal. 566 Total views 3 Total shares Stargate, the LayerZero cross-chain bridge protocol, has responded to the recent "force majeure" incident impacting Multichain and the stability concerns surrounding anyUSDC, Fantom's main USDC asset. To address these concerns…
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Former Mt. Gox CEO Mark Karpeles to Serve as CTO of New Japanese Blockchain Venture
Mark Karpeles — the former CEO of the now-defunct bitcoin (BTC) exchange Mt. Gox — has revealed he will serve as the chief technology officer of a new Japan-registered blockchain technology firm. The news was reported by Japanese daily newspaper The Mainchi on June 5.Speaking at the Foreign Correspondents' Club of Japan earlier today, Karpeles…
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M31 Capital launches $100M Web3 investment fund with $50M in commitments so far
The investment fund, which was founded by an early Bitcoin investor, said the current market cycle is the first time in a decade where prices and fundamentals have diverged so wildly. 232 Total views 20 Total shares Crypto-focused investment firm M31 Capital has launched a new investment fund dedicated to Web3 companies, further underscoring the…
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FTX, Binance and CrossTower are competing to buy Voyager Digital assets: Source
FTX and Binance reportedly seek to transition existing Voyager customers to their platforms whereas CrossTower has proposed to keep the existing Voyager platform and app. 439 Total views 44 Total shares Cryptocurrency exchanges FTX, Binance and CrossTower are competing to acquire beleaguered crypto lender Voyager Digital’s assets out of bankruptcy, according to insider sources. According to…