September 14, 2022

Why it Matters for Ethereum Health That Lido Thrives as a Censorship-Resistant Entity

Why it Matters for Ethereum Health That Lido Thrives as a Censorship-Resistant Entity

With Ethereum’s Merge due to happen tomorrow, new research from analytics firm Nansen has revealed that 64% of all ETH staked in the platform’s Beacon Chain is controlled by only five entities. Of the big five, Lido leads the way with 31% of all staked ETH, while centralized exchanges Coinbase, Kraken and Binance control a combined total …

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Crypto Loves Portugal — But How Long Will It Last?

Crypto Loves Portugal — But How Long Will It Last?

Portugal has evolved into a destination of choice for crypto investors seeking solace under the country’s relaxed approach to digital assets. Expats are drawn to its warm weather, reasonably low cost of living and relatively low crime rate. But perhaps most alluring for those with deep crypto portfolios is Portugal’s lax tax rules. Holders in …

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Compound Treasury debuts crypto-backed loans for institutional clients

Compound Treasury debuts crypto-backed loans for institutional clients

QUICK TAKE Compound Treasury will accept bitcoin, ether, and supported ERC20 tokens as collateral for the loans. The crypto loan service comes months after Compound Treasury secured a credit rating from S&P. Compound Treasury, an institutional DeFi yield platform backed by the Compound Finance protocol, says it can now offer over-collateralized crypto-backed loans to accredited …

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Treasury sanctions Iranian military-linked ransomware gang, including new BTC addresses

Treasury sanctions Iranian military-linked ransomware gang, including new BTC addresses

QUICK TAKE The Treasury has sanctioned a new ransomware gang that it has associated with Iran’s Islamic Revolutionary Guard Corps. The new sanctions designate 10 people, two companies and seven Bitcoin addresses. The US Treasury is targeting the Iranian military’s ransomware wing. In new sanctions announced on September 14, the Treasury’s Office of Foreign Asset Control took …

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Two Sigma Ventures raises 0 million across two funds

Two Sigma Ventures raises $400 million across two funds

QUICK TAKE The venture arm of Two Sigma closed two funds that totaled over $400 million. Two Sigma Ventures invests in early-stage crypto and DeFi firms, as well as other startups that use data and technology for social advancement. Two Sigma Ventures, a venture firm focused on early-stage companies, announced Wednesday that it raised $400 …

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Want to keep exchanges like Celsius from seizing your money? Be a ‘custody client’

Want to keep exchanges like Celsius from seizing your money? Be a ‘custody client’ Are your coins at risk of being seized by an exchange in the future? Here are some factors to consider related to using centralized exchanges. OPINION   Disgraced cryptocurrency lender Celsius Network asked a court this month to return assets to its “custody …

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New Hampshire Bitcoiner Bruce Fenton poised to finish fifth in Senate primary

New Hampshire Bitcoiner Bruce Fenton poised to finish fifth in Senate primary

QUICK TAKE Republican Bruce Fenton will lose his bid for a seat in the Senate in the New Hampshire, election results show. Fenton relied on bitcoin to self-fund his campaign. Though a small percentage of the vote remains outstanding, it’s safe to say Bruce Fenton, a former bitcoin activist who spent a substantial amount of …

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Analyst on $17.6K BTC price bottom: Bitcoin ‘not there yet’

It may be a case of “so near yet so far” when it comes to June’s multi-year low being the next BTC price floor, warns Willy Woo. MARKETS NEWS   Bitcoin (BTC) market behavior is not yet “synonymous” with previous bear market bottoms, one of the leading crypto analysts argues. In a Twitter thread on Sep. 14, …

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BNB Chain to collab with Google Cloud to bolster Web3, blockchain startups

BNB Chain ecosystem participants are set to have access to Google Cloud services in a newly formed collaboration. NEWS   Binance’s smart contract blockchain platform BNB Chain has partnered with Google Cloud to bolster Web3 and blockchain startups. Startups that are currently building products and services on the BNB Chain blockchain will also be able …

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Hodlonaut vs Wright case day 3 – interesting day ahead as ‘tension in the air’ looms

Hodlonaut vs Wright case day 3 – interesting day ahead as ‘tension in the air’ looms

After the long-awaited legal dispute “Hodlonaut vs Wright”, grabbing the attention of the entire cryptocurrency sector, finally started in Norway on September 12, day three has kicked off with some tension, according to a person present at the trial. The trial centers around tweets by crypto influencer Magnus Granath, a.k.a. Hodlonaut, in which he opined that Craig …

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