41ba6e6ef877e5dd6daee6fdbffe8a48
The Daily Encrypt
by Elena Argyros
11M ago
d7c1873efc1d18f78126914010f484aa The post 41ba6e6ef877e5dd6daee6fdbffe8a48 first appeared on The Daily Encrypt ..read more
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BOE Doesn’t Think DeFi Can Help Financial Risks
The Daily Encrypt
by Felipe Rodriguez
1y ago
Cunliffe, Deputy Governor of Bank of England warns that decentralized finance protocols are not reliable in mitigating risk. Cunliffe stated that code can only be as good as the people, rules and processes that created it. Next year, the BoE will be consulting on a new regulatory framework to regulate digital assets. The Bank of England deputy governor warned Monday that decentralized finance protocols are not yet an effective way of managing risk. Jon Cunliffe stated that DeFi’s claim that a code can manage risks rather than intermediaries is not supported. He spoke to a crowd at Warwick B ..read more
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Unconfirmed Bug on THORChain Network Forces Platform Halt
The Daily Encrypt
by Felipe Rodriguez
1y ago
As a cross-chain platform, THORChain allows token swaps as well as bridging between chains. After identifying a bug in its chain, it cuts off the chain.  Neither funds have been lost, nor have there been any issues with solvency on the part of the company. THORChain is a cross-chain platform that allows token swaps and bridging. It has halted its chains. THORCHain stated that its developers were aware of the chain halt, and likely have identified the problem. The team did not mention any theft of funds and stated that the bug had “nothing” to do with solvency. THORChain tweeted that the ..read more
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Jamie Dimon Says A Potential War is More Worrying Than a Recession
The Daily Encrypt
by Elena Argyros
1y ago
JPMorgan Chase CEO Jamie Dimon said that tensions between the U.S., China, and Russia-Ukraine are “far more worrying than whether there is a mild recession or a severe one.” Jamie Dimon, JPMorgan’s boss, warns of something ‘far more concerning’ than the recession. Jamie Dimon, CEO of JPMorgan Chase, spoke Tuesday at the Future Investment Initiative conference in Riyadh about something worse than economic recession. The conference is attended by approximately 400 American executives as well as European and Asian business leaders. Dimon stated that he believes geopolitical uncertainty to b ..read more
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Undeclared Mining Set up Earning $100,000 per Year Found in Argentina
The Daily Encrypt
by Vitalik Ivanov
1y ago
An Argentinian crypto mining farm has not properly declared its business activities in relation to its mining activities. The farm had enough equipment that it could earn $100,000 per year. Argentina’s tax authority (AFIP in Spanish) discovered another crypto mining farm that had not declared its activities. This sent the message that it these operations, just days after revealing a major crackdown. AFIP stated in a statement that the crypto mining farm had sufficient equipment to generate approximately \$100,000 annually. AFIP’s latest statement reflects the latest crackdown against crypto m ..read more
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Crypto Market Pumps – Dogecoin in Double Digit Gains
The Daily Encrypt
by Felipe Rodriguez
1y ago
In the last 24 hours, both Dogecoin and Ethereum have increased by 10% in value. It is also worth noting that the Shiba Inu saw a significant rise in popularity. Like a dog with two tails. Shiba Inu and Dogecoin staged impressive rallies today. The cryptocurrency market is making a strong recovery after last week’s selloff. Meme coins Shiba Inu and Dogecoin have seen significant gains in the last 24 hours. DOGE, the most popular and well-known meme currency, rose almost 10% in the past day. According to Coingecko, the canine crypto trades at $0.065, a new monthly record. DOGE is the tent ..read more
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DeFi Lending Platform Compound Takes Down Four Tokens Due to Liquidity Issues
The Daily Encrypt
by Elena Argyros
1y ago
Compound has decided to suspend four assets that have low liquidity. The purpose of this measure is to ensure that Compound is protected against security threats that involve price manipulation. The decentralized lending protocol Compound has stopped allowing four tokens to lend collateral on the platform. To protect the protocol against market manipulation attacks, this means that users will not be able to deposit these assets or take loans. Compound’s governance members approved proposal-131 on Monday. As part of this request, low liquidity assets should not be used as collateral for lendin ..read more
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Over $1 Billion in Trading Activity in a Matter of Days for Aptos APT
The Daily Encrypt
by Elena Argyros
1y ago
Aptos is the newest cryptocurrency available on the market. It’s generating a lot of volume in its first few trading days, even though much of the discussion about Aptos has been snide or outright condemnation. According to CoinGecko, APT, which is the native currency of the Aptos Blockchain, had traded at least $1.3 Billion in volume as of Friday afternoon. This was its first day of trading. This is a fascinating counterpoint to all the ridicule that Crypto Twitter received. It’s the closest thing the industry has ever been to a town square. On Monday, the much-hyped blockchain revealed its ..read more
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Blockchain Firm Celestia Raises $55 Million
The Daily Encrypt
by Felipe Rodriguez
1y ago
Celestia is a project that seeks to eliminate the centralization problem inherent in monolithic blockchains. It has just announced that it has raised $55 Million in its most recent funding round. Bain Capital Crypto, Polychain Capital and Delphi Digital led the round. Other participants included Polychain Capital, Polychain Capital and Figment. Celestia raises $55 million to make blockchain deployment easy Celestia is a project that addresses the issue of complex blockchain deployment. It has raised $55 million in combined Series A/Series B funding rounds. Bain Capital Crypto and Polychain Ca ..read more
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Binance US Creates Investigation Team and Hires Former FBI Member to Lead
The Daily Encrypt
by Vitalik Ivanov
1y ago
BJ Kang, a former FBI Special Agent, has been assigned to Binance US. He will lead a new investigative unit that is responsible for stopping and detecting illegal activities in the crypto market. United States crypto exchange Binance US created an “investigations Unit” and appointed a former FBI Special Agent as its head. The unit’s goal is to find and stop illegal activity on the platform. Cointelegraph confirmed that the “investigations” unit is a new unit within the U.S. cryptocurrency exchange. Krishna Juvvadi (head of legal), said that the unit has seen BJ Kang, a former FBI agent ..read more
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