Deliberately insufficient policy responses by successive Lebanese governments combined with the self-serving agreements by politicians are largely to blame for the country’s economic crisis, a report by the World Bank has said. The report concludes that the country needs to seriously engage “in the macro-fiscal, financial, and sector reforms the World Bank has been stressing…
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Another hard fork won’t “significantly” harm Ethereum (ETH) and “pretty much everyone” in the Ethereum ecosystem is supportive of The Merge, when the network transitions from a proof-of-work (PoW) system to proof-of-stake (PoS), according to Ethereum co-founder Vitalik Buterin. His remarks come after some crypto miners, including prominent Chinese miner Chandler Guo, have expressed intentions…
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Troubled crypto lender Voyager Digital said it plans to “restore access” to cash deposits in USD this week. Here’s what the process might look like. In a Friday blog post, Voyager said clients with cash in their accounts would be able to withdraw up to USD 100,000 in a 24-hour period starting as early as…
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A bitter dispute about the ownership of WazirX, an Indian crypto exchange that is being probed by the nation’s law enforcers over suspected money laundering allegations, has descended into a Twitter-based face-off between the Binance CEO Changpeng “CZ” Zhao and the WazirX Founder Nischal Shetty. Binance announced that it had “acquired” WazirX back in November…
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1Inch plans to expand into a largely untapped Asian market, but a lack of DeFi knowledge is preventing mass adoption Decentralized-finance (DeFi) aggregator 1inch Network has revealed plans to expand within the Asian market, according to its co-founder Sergej Kunz. Speaking to Cointelegraph during Korean Blockchain Week (KBW) 2022 on Aug. 8, Kunz said that…
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A sharp-eyed escrow agent and a screenshot saved Aurora Labs’ head of product Matt Henderson from losing his tokens to scammers. Aurora Labs’ head of product, Matt Henderson says there is a sophisticated over-the-counter (OTC) transaction scam running about that almost duped him into losing a stash of his hard-earned cryptocurrency. Henderson detailed his personal…
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“It’s a vision that has been, I think, forgotten a little bit and I think one of the reasons why it has been forgotten is basically because it got priced out of the market,” Vitalik Buterin said. Ethereum co-founder Vitalik Buterin has argued that crypto payments will once again “make sense” as transaction costs will…
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“Even though it’s hard, adapting Web3 technologies to Web2 platforms could be a way to bring mass adoption,” says Klaytn Foundation director Sam Seo. Sam Seo, the director of metaverse-focused blockchain Klaytn Foundation believes widespread adoption of the Metaverse will be “easier” if Web2 companies integrate the tech with their products and services. Speaking to…
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“This is an exciting next step for Crypto.com in an important market,” said co-founder and CEO Kris Marszalek. Crypto exchange Crypto.com has announced a key regulatory milestone in South Korea after securing two local companies, giving it access to crypto and payments registration. The announcement came during Korea Blockchain Week 2022 after the company announced…
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Three different bills have been introduced in the U.S. this year to empower the Commodity Futures Trading Commission (CFTC) to be the primary regulator of the crypto spot markets. Lawmakers Want CFTC to Be Primary Regulator of Crypto Spot Markets Three bills have been introduced in Congress so far this year to make the Commodity…
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