RUNE looks ready to extend its gains after the reactivation of ETH-based pools resulted in a 78% rally last week. Ealier this year THORChain underwent a series of protocol exploits which led to $8 million being drained from its reserves and these successive attack took a heavy tool on RUNE price. This week, the protocol…
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Volatility in the crypto markets is here to stay. Thus, understanding the utility, necessity and long-term viability of projects is crucial. In a calendar year, the total crypto market capitalization more than quadrupled from $361 billion to more than $1 trillion in January — reaching an all-time high of around $2.6 trillion in May. Just…
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During the last month, four out of five of the top stablecoins by market capitalization saw their valuations swell in size. At the time of writing, there’s $135.4 billion in stablecoins but the top five collectively represent 94.40% of that total. While the largest stablecoin in terms of market cap increased by 2% over the…
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The main organization representing participants in the Russian crypto space has lambasted authorities in Moscow for not doing enough to regulate the industry. The criticism comes four years after President Putin directed institutions to legally define the status of digital financial technologies. Regulators Accused of Failure to Take Russian Crypto Market Out of Shadow Russian…
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Google’s Threat Analysis Group (TAG) attributes the attacks to a group of hackers recruited in a Russian-speaking forum, who sell the hacked YouTube channels to the highest bidder. A new report shared by Google’s Threat Analysis Group (TAG) highlights an ongoing phishing campaign against YouTube creators, typically resulting in the compromise and sale of channels…
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Central Bank of Russia isn’t prepared to admit a bitcoin exchange-traded fund (ETF) to the market, the head of the regulator, Elvira Nabiullina, told Russian media. Her statement, reaffirming the bank’s hardline stance on cryptocurrencies that has been recently criticized again, came after the debut of bitcoin ETFs in the U.S.
Central Bank of Russia…
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Here’s what emerging tech representatives think about the decentralized nature of blockchain technology and which network is the most decentralized. Vasja Zupan of Matrix Exchange: Vasja is the president of Matrix Exchange, a regulated digital-asset exchange operating globally. “Bitcoin is the most decentralized and stable blockchain network there is. It has survived countless challenges, and…
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Authorities in Kazakhstan have calculated the energy used in the country’s crypto mining industry which competes for electricity with other sectors of the economy and households. The government has also estimated the additional supply necessary to meet the growing demand from mining farms and proposed a cap on the power rating of new facilities. Kazakhstan…
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If approved, cryptocurrency donations and contributions will need to be reported as in-kind contributions or as investments, not currency. The Texas Ethics Commission proposed a new rule that permits government officials and politicians to accept Bitcoin (BTC) and cryptocurrency contributions. The proposal was filed with the Texas Secretary of State, which sought to address and…
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Bitcoin is a way off from its $67,000 all-time high, but analysts say historical data and fractals point toward “another leg” up. On Oct. 22 Bitcoin (BTC) price entered what some traders predict to be a “consolidation phase” as investors lock in profits following a non-stop run-up in price that began on Oct. 1 and…
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