Cryptocurrency
Cryptocurrency
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Stablecoins are the gateway to CBDC: UK MP Andrew Griffith
Griffith justified the actions being taken on wholesale stablecoin development by saying that stablecoins already exist and need to be addressed promptly
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New EVM platform Flare goes live
Flare would be aimed at helping developers build interoperable decentralized applications with secure access to more data
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Hong Kong dedicated to crypto advancements amidst industry crisis
Hong Kong has been consistently reaffirming its favourable attitude towards crypto over the past year, making it the most crypto-friendly country in 2022
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Altcoins experience strong gains, trigger short squeeze
Exceptional performance of alternative coins in comparison to Bitcoin and Ethereum might come to an end soon because of the funding rate normalising
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Russia to develop a cross-border settlement system using CBDC
In the past, the Bank of Russia stated its intention to launch its digital ruble by 2024, connecting all banks and credit institutions to the CBDC platform
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More attacks expected in DeFi space in 2023
A group of experts explained why DeFi could be witnessing more attacks from hackers in 2023
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Digital Currency Group reportedly being investigated by US authorities
A spokesperson for DCG stated that they were unaware of the investigation and that the company has always conducted its business lawfully
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McKinsey estimates Metaverse to create $5T in value by 2030
The report notes that the Metaverse is too important to be ignored, as it has the potential to significantly impact both business and personal life
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Illuvium DAO set to release its third AAA Game in Alpha
The announcement of the Alpha version of Illuvium: Zero has caused the average price of Illuvium land to increase by 48 percent in the past week
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New York's attorney general Letitia James filed a lawsuit against the former CEO of Celsius
According to James, over 26,000 New Yorkers were victims of the fraud
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CME group intends to launch reference rates and real-time indexes in collaboration with CF Benchmarks
CME CF Reference Rates and Real-Time Indices are based on robust methodologies that are subject to regular expert review and are intended to meet the growing demand for transparent, regulated, and round-the-clock pricing