Cryptocurrency
Cryptocurrency
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Indian crypto exchanges reassure investors no exposure to risky coins post the FTX collapse
The FTX fiasco is the most shocking development to affect the crypto market most recently, which has demotivated many Indian crypto investors
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Researcher at Chainalysis compars FTX's bankruptcy to the collapse of Mt. Gox
Chainalysis's investigation led Eric Jardine to compare the market shares of Mt. Gox and FTX in a Twitter thread, among many other points of comparison
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Binance to give $1 billion to crypto recovery fund
Following FTX's now-famous collapse, the exchange's founder proposed the idea. Changpeng 'CZ' Zhao stated that the fund would have a 'loose' structure
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Russian government announces the establishment of a national crypto exchange
The bill would create a Russian platform for crypto sales, but local miners would be able to use foreign platforms as well
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The current state of DeFi was examined in Twitter thread by Nansen research analyst
Binance, Kraken, Bitfinex, and Gemini have the largest ETH balances among wallets
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Young Indian startups are the need of the Indian Web3 environment
Despite its antagonism toward crypto assets, India, according to Binance CTO Rohit Wad, is a favourable environment for locating elite crypto talent
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Bank of Japan announces to test digital yen from early 2023
The Japanese central bank has begun working with three megabanks and regional banks to conduct a CBDC issuance pilot
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Onomy grabs millions of funding amid bear sentiment in the market
Onomy intends to integrate the DeFi and foreign exchange markets
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CoinDCX introduces 100 more chapters in tier 2 and 3 cities to encourage Web3 development
This is being done in an attempt to bring together crypto enthusiasts in the smaller cities where connections and resources are hard to come by
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Binance is on the investor watch list of the Monetary Authority of Singapore
With Monetary Authority of Singapore requiring Binance to stop targeting users from Singapore, Binance rolled out certain measures
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WEF invites Shiba Inu to help develop its project on Metaverse Global Policy
Shytoshi Kusama ran a poll on Twitter to know if the community wanted the meme coin to associate with WEF on the MV global policy