In places where crypto has no solid legal framework, self-regulatory organizations act as a ladder for crypto companies to evolve. The crypto market is growing at a rapid pace, with governments and various regulatory bodies actively trying to study and keep up with the growth. While many policymakers around the globe have come to realize…
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Cointelegraph spoke to Polygon’s newly appointed global head of HR, Bhumika Srivastava, to learn more about her Web2-to-Web3 transition and philosophy for decentralized cultures, among other things. Ethereum layer-2 scaling solution Polygon has announced the hiring of Bhumika Srivastava in a bid to consolidate its strategy and cultural ambitions for the company’s 500-employee global workforce. Serving…
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Litecoin may have recently activated its long-awaited privacy-based upgrade, but not without creating some regulatory compliance issues. Litecoin is one of the earliest alternative coins (altcoins) that came to light after Bitcoin (BTC). Created in October 2011, it is now the 20th most valuable cryptocurrency, boasting a market capitalization of over $4 billion, according to…
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BTC was fighting to stay above $30,000 on Thursday, as markets prepare for the release of U.S. inflation data on Friday. Crypto prices mainly consolidated in today’s session, whilst ETH marginally slipped, falling below $1,800. Bitcoin Bitcoin was attempting to stay above $30,000 on Thursday, as traders began to anticipate the latest U.S. inflation report.…
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U.S. Treasury secretary Janet Yellen doesn’t think inflationary pressures stem from the stimulus policies enacted after the Covid-19 outbreak. While speaking to lawmakers on Wednesday, during the House Ways and Means Committee, Republicans criticized Yellen for not knowing about the risks of inflation. A U.S. senator from Wyoming questioned the Treasury secretary’s “pronouncements and decisions”…
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A mistake by crypto market maker Wintermute has resulted in the loss of 20m Optimism (OP) tokens currently worth USD 17m. In preparation for the OP token launch, Wintermute was to receive “a temporary grant” of OP 20m for liquidity provisioning services. After successfully sending two test transactions, the Optimism team sent the full…
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The Ropsten test network (testnet) — also referred to as Ethereum (ETH)’s first dress rehearsal for the upcoming Merge, when the current Ethereum Mainnet will merge with the beacon chain proof-of-stake (PoS) system — successfully went through The Merge yesterday…. Read More: Ethereum’s Ropsten Test is ‘Almost’ Bug-Free, Two More Testnets to Go Before…
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Close to one out of three – or 29% – of hedge funds that are not yet invested in digital assets say they are looking to invest or are in late-stage planning for investments in the space, a new survey by consulting giant PwC has revealed. The survey was conducted in the 1st quarter…
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The majority of apecoin (APE) holders have voted in favor of a proposal that the token remains on the Ethereum (ETH) blockchain despite its high transaction fees. The final results, which come after a six-day voting period that started on June 3, reveal that 53.62% of ApeCoin token holders support remaining on Ethereum, exceeding…
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Attackers have exploited a bug in the Osmosis exchange to the tune of $5M as FireStake validators admit to their role in racking up roughly $2M before stepping forward. Osmosis, a decentralized exchange (DEX) built on the Cosmos network, was halted just before 3:00 am EST on Wednesday after attackers exploited a liquidity provider (LP)…
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