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Economist Lord Jim O’Neill Calls BRICS Currency Idea ‘Ridiculous’ — Says China and India Never Agree on Anything

August 20, 2023 0

Lord Jim O’Neill, the British economist credited with coining the acronym BRIC, calls the creation of a common BRICS currency “ridiculous,” emphasizing that the BRICS nations have “never achieved anything since they first started meeting.” He added: “It’s a good job for the West that China and

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Bankman-Fried Wants to See His Lawyers Outside Jail Five Days a Week

August 19, 2023 0

FTX founder Sam Bankman-Fried (SBF) is asking to be released from jail five days a week to work on his defense for the fraud trial against him set to begin in October. On Friday, Bankman-Fried’s lawyers complained to a judge in Manhattan that the currently proposed preparation time and regime for his case is “inadequate.” […]

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Ethereum Gears Up for ‘Holesky’ Testnet Launch With 1.6 Billion Testnet Ether

August 19, 2023 0

Ethereum developers plan to roll out a new testnet named Holesky, intending to bring 1.6 billion Holesky testnet ether to the network. The core devs of Ethereum highlighted that 1.4 million validators were evaluated for Holesky, with the aim of enhancing the blockchain’s comprehensive development. Ethereum’s Holesky Set to Replace Goerli Testnet in 2023 As […]

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US Court Classifies Tornado Cash as ‘Person’ in Verdict Echoing Ooki DAO Designation

August 19, 2023 0

A recent ruling by a U.S. judge declared that Tornado Cash holds the legal status of a “person.” This development came on the heels of a previous verdict in June, which recognized the decentralized autonomous organization Ooki DAO in a similar manner. U.S. Judiciary Designates Tornado Cash as ‘Person’ in OFAC Case In a legal […]

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Opensea Phases Out BNB Smart Chain Support, Citing Resource Alignment With Promising Efforts

August 19, 2023 0

One of the largest non-fungible token (NFT) platforms, Opensea, has declared its decision to withdraw BNB Smart Chain (BSC) support. Opensea revealed that the “cost to continue supporting BSC outweighs the impact.” Opensea Pivots Away From BNB Smart Chain in Strategy Re-evaluation On August 18, 2023, Opensea proclaimed that they would cease BSC support after […]

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Worldcoin’s Turbulent Debut: Down 53% From Peak With 85% WLD Held in Just 6 Wallets

August 19, 2023 0

In just over 25 days since its listing debut on July 24, 2023, the cryptocurrency known as worldcoin (WLD) has experienced a notable decline of 29% when measured against the U.S. dollar. Notably, within the last week alone, it saw a decrease of more than 11%. Interestingly, within the past 24 hours, WLD showcased a […]

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Bitcoin, Ethereum Technical Analysis: BTC, ETH Seek Support Level, Following Worst Selloff Since FTX Crisis 

August 19, 2023 0

Bitcoin started the weekend trading below $26,000, as the cryptocurrency had its worst week since the collapse of FTX. Market sentiment was bearish following reports that Spacex liquidated its bitcoin holdings. Ethereum remains below $1,700. Bitcoin Bears continued to circle bitcoin (BTC) to start the weekend, as the cryptocurrency had its biggest one-day decline since

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Biggest Movers: XLM, DOGE Rebound on Saturday, Following Recent Market Sell Off

August 19, 2023 0

Stellar was a notable mover during Saturday’s session, as the token returned to the green to start the weekend. Prices recently fell lower for six straight days, however, bulls have reentered the market snapping this streak in the process. Dogecoin also rebounded today. Stellar (XLM) Stellar (XLM) rose higher on Saturday, following a recent six-day […]

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Zetachain Raises $27 Million to Develop a ‘Chain to Manage Them All’

August 19, 2023 0

Zetachain, a project that seeks to build one chain to interoperate with all other blockchains, announced it raised $27 million in a Series A funding round. Blockchain.com, Human Capital, Vy Capital, Sky9 Capital, and Jane Street Capital, among others, participated in the funding round. Zetachain will use the funds to launch its solution on mainnet […]

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UK Regulator: Crypto Asset Businesses Expected to Comply with the Travel Rule Starting in September

August 19, 2023 0

According to the United Kingdom’s Financial Conduct Authority, crypto asset firms operating in the country will be required to comply with the Financial Action Task Force’s travel rule starting on Sept. 1, 2023. Crypto asset businesses will be required to take “all reasonable steps” to ensure compliance with the travel rule. When the rule becomes […]