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Yuga Labs to Release the “First Trip” Demo of the Otherside Meta

The “First Trip” demo of the Otherside Meta, a highly interactive metaverse game by Yuga Labs, would be released on Saturday, July 16….

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Bitcoin Miners in Texas Switch off 1,000 MW of Electricity Load

Bitcoin mining farms in Texas responded to ERCOT’s request by taking off 1,000 MW of electricity load for retail and commercial use….

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Omni, an NFTs-for-ETH Loans Platform, Hacked for over $1.45 Million

Omni, an NFTs-for-ETH loans protocol, lost $1.45 million of their internal testing ETH to a hacker on July 10, 2022….

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White House, FED, Treasury Department, and all U.S. Government Employees with Exposure to Crypto cannot write on Crypto Policy

The U.S. Office of Government Ethics (OGE) now bans all government employees with crypto exposure from commenting on digital asset policy….

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FTX Has $2 Billion in Cash to Bailout Strategic Crypto Firms

FTX has $2 billion in cash and will offer credit lines to distressed strategic crypto firms to prevent a contagion….

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Centralized Crypto Lending Firms are to Blame for their Failure

Robert Leshner of Compound Finance has said centralized crypto lending firms are to blame for their failure and is good for DeFi protocols….

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Users Prefer Litecoin (LTC) on BitPay, Payment Count Rose 21% in June

Litecoin transactions via BitPay, the world’s oldest crypto payment processor, are up 21 percent, pointing to increasing demand for low fees….

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Voyager is Bankrupt but will Restructure Debts and Pay Creditors

Voyager has submitted its Chapter 11 bankruptcy filing in New York, declaring bankruptcy less than a week after suspending withdrawals. …

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KuCoin (KCS) Token Crashed 25% after Insolvency Rumors

The native token of KuCoin, KCS, fell 25 percent last week after rumors of insolvency and possibility of the ramp suspending withdrawals….

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MakerDAO vote to Extend a $100 Million Loan to a U.S. Bank

MakerDAO is voting on a proposal that will see Huntingdon Valley Bank access a $100 million line of credit….

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Over $8.2 billion of Ethereum (ETH) burnt in 331 Days

Over $8.2 billion worth of Ethereum (or more than 2.5 million ETH) have been burnt in 331 days following the activation of EIP-1559….

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Binance Discovers 1 Billion Entries of Hacked User Data on the Dark Web

Binance Threat Intelligence has discovered one billion entries of hacked user data being sold in the dark web….

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Apecoin Crashes 97% Below All-Time High

Apecoin has now crashed 97% below its all time high. The impact has also been felt in the Ape NFTs which now have seen…

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Aave Protocol to Create a Stablecoin, GHO

Aave DAO, the governance body of the Aave Protocol, have voted to create an overcollateralized stablecoin, GHO….

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Bitcoin Spikes, FED Chair Oozes Confidence in Taming Inflation

Bitcoin prices are moving higher following the U.S. FED decision to hike interest rates to tame rising inflation….

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Kraken Reportedly Violated U.S. Sanctions on Iran

Kraken will likely get a fine from the U.S. Treasury Department for reportedly permitting Iranians to trade assets using its platform….

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The SEC Investigating Coinbase for Listing Securities

Coinbase is reportedly being investigated by the U.S. SEC for listing digital assets the regular claim to be securities….

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Analyst: Bitcoin Has a Solid Base to Move Forward

Bitcoin has a solid base to advance after sharp price dips according to Mohamed El-Erian, a revered financial market analyst,….

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U.S. Bill Demands Stablecoin Reserves be in Cash and Treasuries

Stablecoin issuers like Tether Holdings and Circle Inc. will have to keep their reserves in cash and treasuries if this bill becomes law….

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Polygon Releases the zkEVM to Scale Ethereum

Polygon has released the first implementation of zkEVM to scale Ethereum and ensure EVM equivalence while ensuring high performance….

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Algorand Foundation Possibly lost Millions of Dollars in ALGO to 3AC

Algorand Foundation is one of the over 25 creditors seeking damages from the collapsed crypto hedge fund, 3AC….

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Coinbase: USDC, USDT to Face More Liquidity Problems if The FED Hikes Interest Rates

A Coinbase report predicts that stablecoins, including USDC and USDT, will face liquidity challenges if the FED hikes rates….

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USDC Backed by $55.7 Billion in Reserves Mostly Held in U.S. Treasuries

USDC is sufficiently backed with $55.7 billion in reserves mostly held in U.S. Treasuries and cash in regulated banks….

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Celsius Network Files for Bankruptcy, has $167 Million in Cash

Celsius Network has filed for bankruptcy in New York to stabilize and restructure less than a month after suspending withdrawals….

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Apecoin Crashes 97% Below All-Time High

Apecoin has now crashed 97% below its all time high. The impact has also been felt in the Ape NFTs which now have seen…

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Aave Protocol to Create a Stablecoin, GHO

Aave DAO, the governance body of the Aave Protocol, have voted to create an overcollateralized stablecoin, GHO….

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Bitcoin Spikes, FED Chair Oozes Confidence in Taming Inflation

Bitcoin prices are moving higher following the U.S. FED decision to hike interest rates to tame rising inflation….

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Kraken Reportedly Violated U.S. Sanctions on Iran

Kraken will likely get a fine from the U.S. Treasury Department for reportedly permitting Iranians to trade assets using its platform….

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The SEC Investigating Coinbase for Listing Securities

Coinbase is reportedly being investigated by the U.S. SEC for listing digital assets the regular claim to be securities….

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Analyst: Bitcoin Has a Solid Base to Move Forward

Bitcoin has a solid base to advance after sharp price dips according to Mohamed El-Erian, a revered financial market analyst,….

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U.S. Bill Demands Stablecoin Reserves be in Cash and Treasuries

Stablecoin issuers like Tether Holdings and Circle Inc. will have to keep their reserves in cash and treasuries if this bill becomes law….

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Polygon Releases the zkEVM to Scale Ethereum

Polygon has released the first implementation of zkEVM to scale Ethereum and ensure EVM equivalence while ensuring high performance….

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Algorand Foundation Possibly lost Millions of Dollars in ALGO to 3AC

Algorand Foundation is one of the over 25 creditors seeking damages from the collapsed crypto hedge fund, 3AC….

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Coinbase: USDC, USDT to Face More Liquidity Problems if The FED Hikes Interest Rates

A Coinbase report predicts that stablecoins, including USDC and USDT, will face liquidity challenges if the FED hikes rates….

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USDC Backed by $55.7 Billion in Reserves Mostly Held in U.S. Treasuries

USDC is sufficiently backed with $55.7 billion in reserves mostly held in U.S. Treasuries and cash in regulated banks….

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Celsius Network Files for Bankruptcy, has $167 Million in Cash

Celsius Network has filed for bankruptcy in New York to stabilize and restructure less than a month after suspending withdrawals….

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