Author: Administrator

Regulation Reading time: ~2 m Nexo, a digital asset platform, has announced that it will be phasing out its products and services in the United States due to a lack of legal clarity. The company said in a statement that it has been in good faith dialogue with US state and federal regulators for more than 18 months. However, recent events and subsequent changes in regulator behavior have prompted Nexo to make this decision. Nexo has excluded New York and Vermont customers and suspended new registrations for all US customers for its Earn Interest product. The company hoped that this…

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DeFi Reading time: ~2 m Panoptic, a Uniswap-based decentralized finance protocol for trading perpetual options, has raised $4.5 million in a seed funding round. Gumi Cryptos Capital led the round, which included Uniswap Labs Ventures, Coinbase Ventures, Jane Street, the Blizzard Avalanche Foundation and others, Panoptic reported on Monday. The funding was secured through an equity and token agreement, co-founder and COO of Panoptic, Jesper Christensen, told The Block. Panoptic was founded in July by Christensen, former head of research at Advanced Blockchain AG, and Guillaume Lambert, professor of applied physics at Cornell University. The duo aim to revolutionize decentralized…

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Regulation Reading time: ~2 m The recent collapse of the Bahamas-based cryptocurrency exchange FTX points to the clear need for US cooperation with other states to develop an effective international system for regulating the cryptocurrency industry. This conclusion was reached by US Deputy Secretary of the Treasury Wally Adeyemo. The official spoke at the Reuters NEXT conference, where he noted that it is critical to establish regulatory regimes to protect the rights of retail investors and maintain financial stability. He also emphasized the need to stop any hints of unauthorized actions with digital assets. Given the fact that FTX has…

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NFT Coca-Cola releases FIFA NFT kit based on heat maps Coca-Cola, one of the world’s largest beverage companies, plans to commemorate the World Cup on the blockchain with non-fungible tokens (NFTs). NFTs will be developed and hosted on the Crypto.com NFT platform. 10,000 tokens were generated by tracking the movements of players in the matches of the World Cup. They will be available to fans who have registered on the Crypto.com NFT platform. The company said the NFTs are part of its commitment to delivering magical moments to football fans during the World Cup. Tokens will be generated using heat…

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Altcoins Reading time: ~2 m In the near future, Cardano will release the social network Cardano Spot. Its main goal is to bring together crypto enthusiasts and ADA coin holders around the world within one platform. This platform is specifically designed to facilitate the investment, distribution, consumption and monetization of content in the Cardano ecosystem. Cardano Spot offers a scheme to solve the problem of low-quality content by aggregating information from reputable sources in order to provide customers with up-to-date data from the world of cryptocurrencies. The platform will be run by EMURGO Media, with Sebastian Zilliacus appointed Managing Director.…

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NFT Reading time: ~2 m DappRadar service experts spoke about the state of affairs in the non-fungible token (NFT) sector. They noted that the popularity of the Nike x RTFKT MNLTH digital collection has grown significantly over the past week, as of December 5, 2022. Analysts emphasized: the volume of trading operations associated with this cryptocurrency meeting has grown by more than 1000% over the past 7 days. Representatives of Nike and RTFKT announced that the number 3 snapshot for the MNLTH series took place today at 17:00 Moscow time. Every collector who owns MNLTH series 1 and 2 will…

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Altcoins Reading time: ~2 m Cardano founder Charles Hoskinson has criticized the well-known crypto exchange Gemini, owned by the Winklevoss twins, for refusing to add the ADA token to the platform. He thinks that delisting from the ADA is “closely linked” to the risk of bankruptcy. Gemini is believed to have been trying to recover up to $900 million from crypto lender Genesis, which is currently on the brink of bankruptcy. Interestingly, the second largest crypto exchange and already bankrupt FTX did not support ADA either. True, its CEO Sam Bankman-Fried tweeted that the addition of the coin was on…

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Bitcoin Reading time: ~2 m In November, trading volume on the leading spot platforms monitored by ForkLog surged 22% to $689 billion despite the collapse of FTX structures. This is stated in the monthly analytical report of the magazine. Of the total $495 billion (70%) came from Binance, which was the main beneficiary of the collapse of FTX International. Coinbase and Kraken ($61 billion and $23 billion, respectively) also improved their positions, as the US branch of the Sam Bankman-Fried exchange also closed, and local users cannot work with unregulated platforms. Trading volume on the leading spot exchanges, $ billion.…

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Ethereum Reading time: ~2 m Those who want to prematurely withdraw ETH from staking become participants in a massive Ponzi scheme that can collapse at any moment. This was reported by experts from HashEx. “In fact, there is a much more dangerous problem with the new Ethereum staking. In this article, we will talk about one of the largest Ponzi schemes in history…”Interesting new article on @hackernoon by #HashEx CEO & founder Dmitry MishuninRead more: https://t.co/53Ztq7o6m9 — HashEx DeFi Intelligence (@HashExOfficial) November 25, 2022 To obtain the status of a validator, the user needs to deposit 32 ETH under a…

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Analytics Reading time: ~2 m The Dogecoin rate shows a short-term bearish mood, remaining inside the bearish pattern. Technical indicators support the possibility of a bearish breakout As the results of the technical analysis show, the rate of the Dogecoin project coin has been growing since November 9th. On November 21, DOGE made a rising low and accelerated the pace of gains thereafter. On November 27, the price made a bullish breakout from the ascending parallel channel. Then the coin resumed growth and on December 5 reached a maximum of $0.111. Perhaps the comments of the new CEO of Twitter,…

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