CoinEfficiency

News Articles for 2022-09-02

Browse daily crypto market news articles

Armenia's ECOS Free Economic Zone Boosts Crypto Mining Capacity with 60 MW Expansion

Discover how Armenia's ECOS Free Economic Zone is expanding its crypto mining operations with a 60 MW capacity increase, leveraging clean energy from hydroelectric plants.

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August Jobs Report Shows Slower Growth as Markets React

The August Nonfarm Payrolls report revealed a slowdown in job growth, impacting stock and cryptocurrency markets.

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Belarusian Cyber Partisans Sell NFT Featuring Lukashenko's Passport Info

A group of hacktivists known as the Belarusian Cyber Partisans is attempting to sell a nonfungible token (NFT) containing purported passport information of Belarus President Alexander Lukashenko as part of a fundraising campaign.

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Binance CEO CZ Zhao Addresses Critics and Conspiracy Theories

Binance CEO Changpeng 'CZ' Zhao responds to allegations of ties to the Chinese government and addresses conspiracy theories surrounding the company.

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Bitcoin Faces Pressure as U.S. Dollar Hits Two-Decade High

Bitcoin's recent price drop coincides with the U.S. dollar reaching its highest level in 20 years, impacting BTC/USD performance and market sentiment.

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Bitcoin Investing: Why Market Downturns Can Be Opportunities

Discover how market downturns present strategic opportunities for Bitcoin investors, with insights into historical trends and effective investment strategies.

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Bitcoin Sees Worst August Performance Since 2015

Bitcoin's August performance marks its poorest showing since 2015, with a significant decline in value.

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Bitcoin Traders Adopt Long-Term Hodling Strategy Amid Bear Market

Despite bear market conditions, Bitcoin traders are increasingly opting for a long-term hodling strategy, with 62% of wallets holding BTC for over a year.

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Bitcoin Trading Data Shows Significant Discrepancies Across Exchanges

A recent report reveals mismatches in Bitcoin trading volumes reported by crypto exchanges, raising concerns about transparency and accuracy in the digital asset market.

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Blackpink Wins Inaugural Best Metaverse Performance Award at MTV VMAs

Blackpink makes history by winning the first-ever Best Metaverse Performance Award at the MTV Video Music Awards for their groundbreaking PUBG Mobile concert.

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Blockchain Gaming Sees Slight Decline in Market Share

Blockchain gaming remains a dominant force in the industry, though recent data shows a slight dip in its market share.

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Blockchain Technology Market Surges to $69 Billion by 2030

The global blockchain technology market is projected to grow from $4.8 billion in 2021 to $69 billion by 2030, driven by increasing adoption across industries. However, the sector faces risks from rapid, less rigorous development approaches.

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Brazilian SEC Pursues Regulatory Changes for Cryptocurrencies

Brazil's Securities and Exchange Commission is considering updates to the legal framework governing cryptocurrencies, focusing on the classification of tokens and their regulatory oversight.

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California Leads the U.S. in Bitcoin and Ethereum Interest, Data Shows

California dominates Bitcoin and Ethereum web traffic, accounting for 43% of all searches despite representing only 11.9% of the U.S. population.

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California Passes Digital Financial Assets Law, Awaiting Governor's Decision

California's Digital Financial Assets Law (AB 2269) has been approved by the State Assembly, requiring crypto exchanges to obtain a state license. The bill now awaits Governor Gavin Newsom's approval or veto.

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Cannabis Industry Sees Growth with Blockchain-Based Financial Solutions

The global cannabis industry is thriving as regulations ease, but access to banking remains a challenge. Blockchain-based platforms like BudBlockz and Global Cannabis Capital are offering innovative solutions to bridge this gap.

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Cardano (ADA) Gains Bullish Momentum with Robinhood Listing and Vasil Hard Fork Upgrade

Cardano (ADA) sees positive developments, including a Robinhood listing and the upcoming Vasil hard fork, boosting its market outlook.

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Cardano (ADA) Listed on Robinhood as Vasil Upgrade Nears

Robinhood adds Cardano (ADA) to its platform as the cryptocurrency prepares for its highly anticipated Vasil upgrade, enhancing scalability and performance.

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Cardano Vasil Mainnet Upgrade Set for September 22

Cardano's highly anticipated Vasil mainnet upgrade has been scheduled for September 22, following delays since its initial June launch date.

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Carlyle Group Co-Founder David Rubenstein Optimistic on Crypto Regulation

David Rubenstein, co-founder of Carlyle Group, expresses confidence in the future of crypto regulation in the U.S. and its potential to foster innovation.

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CEL Token Sees 50% Price Surge Amid Celsius Network Fund Return Speculation

CEL token experiences significant price rally as traders react to potential fund returns from Celsius Network, despite mixed trading volume signals.

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Celsius Network Seeks Court Approval for Limited Withdrawals

Celsius Network has filed a motion to allow certain customers to withdraw digital assets, but with specific restrictions.

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Celsius to Return $50 Million of Users’ Funds, CEL Spikes By 35%

Celsius Network has announced plans to return $50 million of users’ funds, causing the CEL token to surge by 35%. Other major crypto news includes Robinhood listing Cardano (ADA), Tether seeking counsel removal, a U.S. CBDC sandbox, and Kyber Network’s $265k exploit.

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Colombia-Ripple Blockchain Land Title Project Stalls Under New Administration

The Colombian government's blockchain land title initiative with Ripple Labs has been deprioritized by President Gustavo Petro's administration, casting uncertainty over the project's future.

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Crypto Mining Malware Disguises as Legitimate Apps Like Google Translate

Researchers uncover a crypto mining malware that has infected hundreds of thousands of computers worldwide since 2019, often masquerading as legitimate applications.

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Crypto Winter Revives Importance of Self-Custody in Web3

The crypto winter has highlighted the critical need for self-custody of digital assets, emphasizing the importance of controlling private keys in the transition to Web3.

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Crypto.com Withdraws from $495 Million UEFA Champions League Sponsorship Deal

Crypto.com has reportedly pulled out of a major sponsorship agreement with UEFA due to regulatory concerns.

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CryptoLeaks Allegations Prompt High-Profile Lawyer Withdrawal from Class-Action Lawsuits

Kyle Roche, a prominent crypto lawyer, has withdrawn as counsel in multiple class-action lawsuits following allegations by CryptoLeaks, raising questions about the future of crypto legal practices.

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DecentWorld Leads the Charge in Web3 and Metaverse Innovation

Discover how DecentWorld is pioneering the future of Web3 and the metaverse with its immersive 3D environments and digital ownership solutions.

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DeFi Insights: Ethereum Merge Dominates the Week

Explore the latest developments in decentralized finance, focusing on the Ethereum Merge and its impact on the DeFi ecosystem.

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Dutch Blockchain Startup Triall Partners with Mayo Clinic to Enhance Clinical Trials

Triall collaborates with Mayo Clinic to optimize clinical trial design and data management using blockchain technology.

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dYdX Ends Controversial $25 Deposit Bonus Amid Backlash

Decentralized crypto derivatives exchange dYdX has halted its contentious $25 first deposit bonus promotion, citing overwhelming demand, following criticism over facial recognition requirements.

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El Salvador Delays Launch of Billion-Dollar Bitcoin Bond

El Salvador postpones the issuance of its highly anticipated Bitcoin bond, initially aimed at raising $1 billion for infrastructure development and BTC purchases.

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El Salvador's Bitcoin Experiment: A Year of Challenges and Criticism

Former Central Bank president Carlos Acevedo critiques El Salvador's Bitcoin adoption, citing unmet promises of financial inclusion and remittance savings.

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EOS Surges 10.75% in One Day Amid Broader Cryptocurrency Market Trends

EOS sees significant one-day gain, reaching its highest single-day increase since August 22, while Bitcoin and Ethereum also rise. Explore the latest trends and insights in the cryptocurrency market.

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Frida Kahlo’s Red House Now Open in Decentraland Metaverse

Explore Frida Kahlo’s private family home, the Red House, in a new permanent digital exhibition on Decentraland. This immersive metaverse experience reveals unseen artworks and untold stories from the iconic artist’s life.

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GAMEE Launches OMP Token: Enhancing G-Bot Evolution and Earning Potential

GAMEE introduces the OMP token, revolutionizing G-Bot breeding, upgrading, and evolution. Discover how to earn and utilize OMP in the GAMEE ecosystem.

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GLO Crypto Project: A Promising Investment Opportunity in Pre-Sale

Discover why GLO is gaining traction as a top crypto investment, with strong fundamentals and innovative features.

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Global Trust in Cryptocurrency Remains Strong Despite Market Downturn

A recent study by Bitstamp reveals that the ongoing cryptocurrency winter has not diminished global trust in cryptocurrencies like Bitcoin.

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Gold-Backed Cryptocurrency: A Stable Digital Asset Tied to Gold

Discover how gold-backed cryptocurrencies offer stability by tying their value to physical gold, reducing price volatility compared to traditional cryptocurrencies.

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Helium Blockchain Considers Transition to Solana Under New Governance Proposal

The Helium IoT blockchain network may migrate to Solana, driven by goals of enhanced efficiency and scalability, with community support growing.

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Indonesia Revives Plan to Launch Digital Assets Exchange

Indonesia is moving forward with its plan to establish a digital assets exchange, a project initially announced in 2021. The initiative, aimed at creating a regulated crypto bourse, has faced delays but remains a key priority for the government.

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Kyber Network Suffers $265k Exploit: Here's What Happened

Kyber Network, a leading DeFi platform, was exploited for $265k due to a frontend vulnerability. Learn how the attack unfolded and the measures taken to mitigate losses.

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KyberSwap Offers Hacker 15% Bug Bounty After $265,000 Exploit

KyberSwap, a decentralized exchange built on Kyber Network, has offered a hacker 15% of the stolen funds as a bug bounty following a $265,000 exploit.

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Litecoin Surges with Significant One-Day Gains

Discover how Litecoin experienced a remarkable one-day percentage gain, impacting its market capitalization and trading volume.

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MiCA Regulations Update: Key Insights for Investors and Crypto Enthusiasts

The German Blockchain Association provides updates on the upcoming MiCA regulations, highlighting the release timeline, scope, and implications for crypto-assets.

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NFT Market Sees Significant Decline as OpenSea Volume Plummets 98%

The NFT market is facing a sharp downturn, with OpenSea's trading volume dropping 98% from its peak. Key factors include falling floor prices of major NFT projects and broader crypto market challenges.

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NFTs: Legal Challenges and Emerging Use Cases in the Digital Age

Explore the evolving role of NFTs beyond digital art, including their potential as court documents, securities, and their implications in taxation and loot boxes.

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OpenSea Commits to Supporting Only PoS NFTs Post-Ethereum Merge

OpenSea announces its plan to exclusively support NFTs on the Ethereum proof-of-stake blockchain after the Merge, excluding any forked NFTs.

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SALT Crypto Lending Platform Receives Buyout Offer from Bnk To The Future

Crypto lending platform SALT has received a buyout offer from Bnk To The Future, a prominent online investment platform, aiming to enhance product offerings and mainstream digital asset adoption.

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Shibaverse (VERSE) Surges 162% as Metaverse Hype Grows

Shibaverse's VERSE token sees a significant price increase, driven by metaverse excitement and NFT sales. Explore the factors behind this surge and its implications for the Shiba Inu ecosystem.

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South Korea Advances in Metaverse Race with New Legal Framework and Investments

South Korea is making significant strides in the metaverse industry with the introduction of the Metaverse Industry Promotion Law and substantial investments to foster growth and innovation.

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South Korea Advances Web3 and Metaverse Initiatives with New Regulatory Framework

South Korea is deepening its commitment to Web3 and the Metaverse, investing heavily in ecosystem development and proposing new regulations to support the industry.

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Tether Seeks Removal of Law Firm Roche Freedman from Class Action Lawsuit

Tether and Bitfinex have requested the termination of Roche Freedman as counsel in an ongoing class action lawsuit, citing concerns over document handling and third-party sharing.

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Thailand SEC Introduces Stricter Crypto Advertising Rules

Thailand's Securities and Exchange Commission (SEC) is set to enforce new advertising regulations for cryptocurrency firms by October 2022, requiring clear investment warnings.

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The Future of Sovereign Identity: Blockchain and Universal Profiles

Explore the evolving landscape of digital identities, focusing on blockchain technology and the concept of Universal Profiles.

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Unveiling the Enigma: Questions for Bitcoin's Creator, Satoshi Nakamoto

Explore the intriguing questions the crypto community would ask Satoshi Nakamoto, Bitcoin's elusive creator, covering topics from private keys to AI theories.

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US Think Tank Launches Technical Sandbox for CBDC Exploration

The Digital Dollar Project initiates a technical sandbox to explore the implementation of a potential United States central bank digital currency (CBDC).

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Web3 Revolutionizes Classical Music: Opera Enters the Digital Age

The music industry's adoption of Web3 technologies is expanding, with classical music and opera now leveraging NFTs and blockchain for digital rights and unique fan experiences.

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World of Women NFTs: Unlocking Virtual Homes with Capacitors

Discover how the World of Women NFT collection is revolutionizing the metaverse with their innovative Capacitors, enabling holders to create stunning virtual residences.

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