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Data Lake: DeSci the Future of Crypto after the FTX Fiasco?

December 7, 2022 0

It’s no surprise that the news about FTX has dominated the headlines over recent weeks. Since the debacle was made public, several other dominoes have started to fall including the announcement that BlockFi has filed for bankruptcy. Before all of this there was the LUNA/Terra implosion, and if

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Data From October Shows Gold Reserves Held by Central Banks Tapped the Highest Level in 47 Years

December 7, 2022 0

Following the World Gold Council’s (WGC) third-quarter report that shows central banks purchased a record amount of gold, data released by the WGC shows that central banks are buying more gold during 2022’s fourth quarter. Statistics show that the gold held by the world’s central banks is at the highest level since 1974. Central Banks […]

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Biggest Movers: DOGE, LINK Fall to 10-Day Lows on Wednesday

December 7, 2022 0

Dogecoin fell to a ten-day low on Dec. 7, as the meme coin extended a recent decline, falling for a third consecutive session. Overall, cryptocurrency markets have been mostly bearish in today’s session, and are down 1.07% as of writing. Chainlink was another notable token to fall, and is currently trading by as much as […]

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Bitcoin Dominance Has Remained Under 40% for More Than 3 Consecutive Months

December 7, 2022 0

Over the last 100 days or roughly three months, bitcoin’s market dominance among 21,958 different crypto assets worth roughly $850 billion has been under 40%. Bitcoin dominance has been under 40% since Aug. 27, 2022, with a brief instance of rising above the 40% range 52 days ago, on Oct. 15. Bitcoin’s Market Superiority Lost […]

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Bitcoin, Ethereum Technical Analysis: BTC, ETH Continue to Consolidate as USD Strengthens

December 7, 2022 0

Bitcoin was consolidating on Wednesday, as the U.S. dollar continued to strengthen versus several G7 currencies. A strong dollar means demand for cryptocurrencies typically plummets, with the global market cap trading in the red as of writing. Ethereum was also lower today, falling as it remained below $1,300. Bitcoin Bitcoin (BTC) continued to consolidate in […]

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Remittances to Low and Middle Income Countries in 2022 Up by 5% to $626 Billion — Latest World Bank Report

December 7, 2022 0

Despite the headwinds that have dominated the year, remittances to low and middle-income countries in 2022 still grew by 5% to $626 billion, the World Bank Migration and Development Brief has said. Africa, where the cost of sending $200 averaged 7.8% in 2022, is the “most severely exposed to the concurrent crises.” Impact of the […]

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Ledger Reveals New Crypto Hardware Wallet Designed by iPod Creator Tony Fadell

December 7, 2022 0

On Tuesday, the hardware wallet manufacturer Ledger announced the launch of a new device called Ledger Stax. The machine was designed by iPod creator, Tony Fadell, and the France-based firm Ledger says the new device was built with “uncompromisingly secure architecture.” iPod Creator Tony Fadell Partners With Ledger to Launch a New Crypto Hardware Wallet […]

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Binance Counters ‘Wrong Narratives’ About FTX — CZ Calls SBF ‘One of the Greatest Fraudsters in History’

December 7, 2022 0

The CEO of crypto exchange Binance, Changpeng Zhao (CZ), has countered several “wrong narratives” about the collapsed crypto exchange FTX and its co-founder Sam Bankman-Fried (SBF). The Binance boss calls SBF “a master manipulator” and “one of the greatest fraudsters in history.” Binance’s CEO on ‘Wrong Narratives’ About FTX and Sam Bankman-Fried The CEO of […]

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Report: FTX Co-Founder SBF Retains White-Collar Lawyer Who Represented Ghislaine Maxwell

December 7, 2022 0

On Dec. 6, 2022, the former FTX CEO Sam Bankman-Fried (SBF) reportedly retained the attorney Mark Cohen, the lawyer that represented Ghislaine Maxwell during her recent sex trafficking case. SBF’s spokesperson further explained that the FTX co-founder is being consulted by a professor at Stanford Law School, David Mills. Sam Bankman-Fried Hires Attorney Who Represented

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Lawmaker Pleads With Sam Bankman-Fried to Attend Congress Hearing on FTX — SBF Says He’ll Testify When He’s Ready

December 7, 2022 0

Congresswoman Maxine Waters, chair of the House Committee on Financial Services, has politely asked former FTX CEO Sam Bankman-Fried (SBF) to attend a congressional hearing on the collapse of his cryptocurrency exchange. Bankman-Fried says he will testify when he has finished “learning and reviewing what happened.” Bankman-Fried Responds to Rep. Waters’ Invitation The U.S.