Kraken has put an end to staking as a service, and Coinbase could eventually be forced to follow suit. Will this create opportunities for LDO, FXS and RPL? The United States Securities and Exchange Commission is ramping up pressure on the crypto sector. On Feb. 9, the SEC reached a $30 million settlement with Kraken…
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A new crypto mining facility is being built in the Russian Republic of Buryatia with support from a government-affiliated company. Construction of the infrastructure for the large-scale project is already underway, carried out by a subsidiary of Russia’s largest mining operator, Bitriver. Bitriver Building Large Data Center for Cryptocurrency Mining in Buryatia, Siberia A 100-megawatt…
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A new law signed by Kazakh President Kassym-Jomart Tokayev on Feb. 6 reinstated the nation’s stand against the unlawful mining operations and issuance of crypto assets. Kazakhstan, one of the biggest Bitcoin (BTC) mining hubs in the world, announced plans to introduce new crypto regulations aimed at reducing tax fraud and unlawful business operations. A…
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A new law expanding the regulatory framework for cryptocurrency miners while restricting their access to low-cost electricity has entered into force in Kazakhstan. The legislation introduces a licensing regime for mining with two different categories of licenses that companies will have to renew periodically. President Tokayev Sings Law Regulating Crypto Assets Mining and Exchange in…
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Christopher Waller praised the emerging applications of distributed ledger technology, smart contracts and tokenization, but he changed his tune for crypto assets. The parts that make up the cryptocurrency ecosystem are not all equal, United States Federal Reserve Board governor Christopher Waller told a conference audience on Feb. 10. He had clear preferences among the…
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The Web3 ecosystem came together to offer all possible help and aid to the victims of the Turkish-Syrian earthquake — one of the worst natural disasters in recent history. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.…
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The zk-SNARKs upgrade promises to significantly improve the security and transparency of the verification process. On Feb 10, Cryptocurrency exchange Binance announced a major upgrade to its Proof of Reserves Verification system to include zk-SNARKs — a cutting-edge technology that Binance says will allow it to verify its reserves in a more secure and transparent manner.…
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The new debit card builds on technology already in place in the existing Bit2Me crypto card, but this time, card holders are eligible for up to 9% crypto cashback. The merger of Web2 and Web3 tools continues as crypto-backed debit cards become more mainstream. In an announcement on Feb. 10, Bit2Me, the largest Spanish cryptocurrency…
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A Russian national accused of processing cryptocurrency payments from ransomware attacks has pleaded guilty to money laundering in the United States. The man who was extradited from the Netherlands in mid-August, last year, will be sentenced in April. Russian Crypto Launderer Pleads Guilty in US Court, May Get Up to 20 Years in Prison An…
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Despite tough times for the industry, the blockchain MOBA game reached 200k downloads after just two months. Amidst a drastic decline in coin prices, shifting player behavior, and hard-to-maintain tokenomics, it’s been a difficult year for many GameFi developers. While more established franchises, such as Axie Infinity, have held ground, other lesser-known projects like Elexir…
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