ShuttleFlow will change ownership to be operated and developed by Zero Gravity. ShuttleFlow, the ecosystem multichain protocol operated and maintained by Conflux Foundation, also known as the Shanghai Tree-Graph Blockchain Research Institute, will shut down after two years. The ShuttleFlow technology stack will instead be transferred to Web3 studio Zero Gravity, which will continue to…
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Eth price trades at a key resistance level, but data highlights why the altcoin could struggle to hold $1,900. Ether (ETH) price surged by 6.2% from Nov. 3 to Nov. 5, but the altcoin faces difficulty in breaking the $1,900 resistance. Despite the current bullish trend, Ether’s 17% return over the last 30 days falls…
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The exchange’s share in crypto spot trading was slashed by one-third over the past year. Crypto exchange Binance’s market share in spot trading has fallen to 40% in late 2023, compared to 62% a year ago. According to the November 6 report by blockchain analytics firm 0xScope, the exchange has lost one-third of its market…
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The $744 million trust asset sale request comes after the judge approved the phased-out sale of nearly $3.4 billion in crypto assets in September. Bankrupt crypto exchange FTX has requested the bankruptcy court in Delaware allow it to sell certain key trust fund assets, including from crypto asset manager Grayscale Investments and custody service provider…
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In a LinkedIn job posting the London Stock Exchange Group says it’s seeking a digital assets lead with a “passion” for digital assets, crypto and blockchain. The London Stock Exchange Group (LSEG), the parent company of the London Stock Exchange and other fintech companies, has posted on LinkedIn that it’s seeking a director of digital…
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Four months ago, Bitcoin.com News engaged with six generative AI chatbots, prompting them to forecast bitcoin’s value at the close of 2023. The collective consensus of these AI systems anticipated BTC to land between $40,000 and $50,000 by the conclusion of the year. With the year now winding down to its final two months, we…
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Nocturne, Untangled Finance, Account Labs, Rymedi, and Waterfall network secure venture capital funding in the latest funding blitz. Blockchain-based startups continue to gather funding during the current bear market, with MetaMask partner Blockaid raising $33 million in October. However, the overall funding in the crypto industry has dropped to levels last seen in 2020, amassing…
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Decentralized crypto wealth management platform MC2 Finance becomes the latest participant of the Cointelegraph Accelerator program. Decentralized finance (DeFi) might hold immense potential to solve the problems faced by traditional finance (TradFi). However, DeFi still struggles with onboarding new users -both retail and institutional- due to its limitations on the user experience side. Despite all…
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Deaton strongly refuted the idea that the lawsuit’s result was an even 50/50 outcome for the SEC, claiming that it’s closer to a 90/10 advantage in favor of Ripple. Prominent cryptocurrency attorney John Deaton has offered insights into the United States Securities and Exchange Commission (SEC) vs. Ripple lawsuit. He contends that a settlement of…
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This week, while bitcoin and ethereum decelerated, they still managed a modest uptick of 2-3% against the U.S. dollar. Meanwhile, a roster of around 50 cryptocurrencies recorded double to triple-digit gains during the same seven-day span. In the race of gains from Saturday, October 28, to Saturday, November 4, 2023, the cryptocurrencies ARK, SNT, and…
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