CoinEfficiency

News Articles for 2022-10-20

Browse daily crypto market news articles

Aave Unveils GHO Stablecoin: A Decentralized Alternative in the Stablecoin Market

Aave Companies releases details on GHO, a decentralized, overcollateralized stablecoin pegged to the US dollar, aiming to compete in the saturated stablecoin market.

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APT Token Airdrop Fails Amidst Massive Sell-Off

The APT token launch experienced a significant sell-off after its listing on Binance, highlighting issues with its airdrop strategy and market readiness.

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Arca CEO Predicts End of Crypto Winter

Rayne Steinberg, CEO of Arca, shares insights on the potential end of the crypto winter, highlighting key indicators and market shifts.

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Binance CEO Clarifies UNI Token Delegation Amid Uniswap DAO Controversy

Binance CEO Changpeng 'CZ' Zhao addresses concerns over the delegation of 13.2 million UNI tokens, explaining it as a misunderstanding due to an internal wallet transfer.

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Bitcoin Price Struggles Amid Crypto Market Downtrend and Fed Rate Concerns

Bitcoin's price is barely holding onto marginal gains as the broader crypto market faces a sharp downtrend, with concerns over U.S. Federal Reserve policy on inflation.

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Bitcoin Whale Moves $600 Million in Historic Transaction

A significant Bitcoin transaction involving over $600 million has been flagged, marking the first major movement since the last bear market.

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Bitcoin's Hash Rate Surge Signals Potential Outperformance

Bloomberg Intelligence's Mike McGlone highlights Bitcoin's discounted price relative to its record-high hash rate, suggesting a favorable risk-reward scenario for investors.

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Cross-Chain Bridge Between BitBTC and Optimism Narrowly Avoids Exploit

A cross-chain bridge connecting BitBTC and Optimism's Ethereum layer-2 network was saved from a potential exploit thanks to a vigilant Twitter user.

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Crypto Exchanges Navigate Sanctions While Kazakhstan Advances in Regulated Digital Assets

Explore how cryptocurrency exchanges are handling sanctions against Russia and Kazakhstan's progress in regulated digital asset adoption.

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Cryptocurrency Companies Face Regulatory Scrutiny Over FDIC Insurance Claims

Explore how cryptocurrency companies have misled users about FDIC insurance and the regulatory actions taken against them.

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DeFi Exploits: The Growing Threat of Cross-Chain Bridge Hacks

Discover how cross-chain bridges have become a prime target for hackers in the DeFi space, with over $2.5 billion stolen in two years.

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Do Kwon's Whereabouts Spark Debate Among Crypto Community

Laura Shin and FatMan discuss Do Kwon's situation, highlighting Terra's controversial history and the ongoing fallout from the ecosystem's collapse.

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El Salvador's Bitcoin Policy Faces Public Disapproval

A recent study reveals strong public opposition to El Salvador's Bitcoin spending, with a majority calling for a halt in public funds allocation to the cryptocurrency.

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Ethereum Alarm Clock Exploit: $260,000 Stolen Due to Smart Contract Bug

A vulnerability in the Ethereum Alarm Clock's smart contract has been exploited, resulting in the theft of approximately $260,000. Learn how this impacts users and the broader DeFi ecosystem.

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Ethereum Classic Price Trends Post-Merge: Will ETC Retrace to $39?

Discover how Ethereum Classic (ETC) has performed since the Ethereum Merge, its current price trends, and potential future movements.

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Ethereum Merge: Understanding the Transition and Potential Tax Implications

Explore the significance of Ethereum's Merge, its shift to proof-of-stake, and the possible tax implications for investors.

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FDIC Chairman Martin Gruenberg Discusses Stablecoins and Crypto Regulation

Explore the insights from FDIC Chairman Martin Gruenberg on stablecoins, crypto regulation, and the FDIC's cautious approach to banks engaging in crypto activities.

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Fidelity Digital Assets to Launch Ethereum Custody and Trading for Institutions

Fidelity Digital Assets announces the expansion of its institutional Ethereum capabilities, offering custody and trading services starting October 28, 2022.

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FTX CEO Proposes Regulatory Standards for Crypto Industry

Sam Bankman-Fried releases a draft of potential standards for the crypto industry, sparking debate among stakeholders.

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Global Manhunt for Do Kwon Intensifies Amid TerraForm Labs Collapse

Authorities and a dedicated crypto group are tracking Do Kwon, founder of TerraForm Labs, as the fallout from the $60 billion crypto crash continues.

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India Sees BTC P2P Trading Volume Surge Amidst Regulatory Challenges

Bitcoin P2P trading in India has surged significantly, with volumes doubling in the past year, despite new tax regulations impacting traditional exchanges.

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Institutions Enter Crypto Custody Space Amid Compliance Challenges

Explore how institutions are navigating the crypto custody landscape, addressing compliance and regulatory risks in the evolving digital asset space.

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Kraken Restricts Russian User Accounts Amid EU Sanctions

Kraken joins other cryptocurrency exchanges in limiting services to Russian users due to EU sanctions.

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Moola Market Cyber-Attack: Recovery and Prevention

Moola Market recovers from an $8.4 million cyber-attack, while Arbitrum's tech lead prevents a $200 billion exploit.

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N26 Launches Crypto Trading on Mobile App, Starting with Austria

German fintech N26 introduces cryptocurrency trading on its mobile app, initially available in Austria with plans for broader European rollout.

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Navigating the Crypto Bear Market: Insights and Historical Context

Explore the current crypto bear market, its impact on major cryptocurrencies, and the historical context that might offer clues about its duration.

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NFTs Revolutionize Art and Cultural Preservation: How Museums and Artists Are Embracing Digital Ownership

Discover how museums, artists, and metaverse initiatives are leveraging NFTs to preserve cultural heritage and engage with audiences in innovative ways.

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NFTs Revolutionize Television and Streaming Through Innovative Crowdfunding

Discover how NFTs are transforming the television and streaming industry by enabling new crowdfunding models and empowering viewer participation in content creation.

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PancakeSwap Proposes Mainnet Deployment on Aptos Blockchain

PancakeSwap, a leading decentralized exchange, has proposed deploying its mainnet on the Aptos blockchain, marking a significant shift in its multichain strategy.

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Rarible Launches Major Upgrade to Rarible 2, Enhancing NFT Marketplace Experience

Rarible, a leading Ethereum-based NFT marketplace, has unveiled its platform upgrade to Rarible 2, introducing advanced aggregation tools to streamline NFT discovery and purchasing across Web3 platforms.

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Revised Digital Commodities Consumer Protection Act Sparks Optimism for DeFi and Crypto

A new draft of the Digital Commodities Consumer Protection Act (DCCPA) is generating buzz, with potential positive implications for decentralized finance (DeFi) and the broader crypto industry.

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Sam Bankman-Fried Proposes Crypto Industry Standards Amid Regulatory Wait

Sam Bankman-Fried outlines suggested standards for the crypto industry, focusing on asset classification and regulatory compliance in the U.S.

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Terra Classic USTC Surges 12% in 24 Hours Amid Rising Trading Volume

Terra Classic USTC experiences a significant price increase, with trading volume spiking 180% as low tax burn rates gain approval.

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Tesla Holds $218 Million in Bitcoin as of Q3 2022

Tesla maintained its Bitcoin holdings at $218 million in Q3 2022, despite selling 75% of its cryptocurrency assets earlier in the year for a significant profit.

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Tesla Maintains Bitcoin Holdings in Q3 2022 Amid Market Volatility

Tesla's Q3 2022 report reveals the company held onto its Bitcoin stash, showing stability in its digital asset strategy despite market fluctuations.

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The Rise of Digital Gold: A New Era for Investors

Explore how digital gold is transforming the investment landscape, offering a modern alternative to traditional gold ownership.

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The Rise of Real Yield in DeFi: A Sustainable Future for Decentralized Finance

Explore how DeFi is shifting towards real yield, focusing on sustainable revenue models and moving beyond token-based incentives.

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U.S. DOJ Charges 7 Individuals for Using Crypto to Evade Sanctions

The U.S. Department of Justice has charged five Russians and two Venezuelans for allegedly running a global money laundering network using Tether (USDT) to bypass sanctions.

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UST Restitution Group Seeks Justice for TerraUSD Victims

Members of the UST Restitution Group are taking matters into their own hands to locate Do Kwon amid frustrations with law enforcement progress.

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Voyager Digital Customers May Recover 72% of Account Value Through FTX US Deal

A tentative agreement with FTX US could allow Voyager Digital customers to recover up to 72% of their account value, pending creditor and court approval.

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XRP Price Prediction: Could Ripple Hit Five Digits?

Explore the bullish predictions for XRP as experts like E-Smitty and David Gokhshtein weigh in on Ripple's potential price surge and market impact.

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