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Russia to regulate digital assets as currency, McDonald’s eyes the metaverse, YouTube to adopt NFTs and XRP pumps 30%: Hodler’s Digest, Feb. 6-12

February 12, 2022

Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link. Top Stories This Week Russian government and central bank agree to treat Bitcoin as currency…
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How Polkadot’s parachain auctions make a decentralized Web3 possible

February 12, 2022

Polkadot’s parachain auctions are bound to be successful and will ensure a decentralized Web3 by connecting different blockchains together. When Gavin Wood co-founded Ethereum, he stated that it would “allow people to interact in mutually beneficial ways without anyone needing to trust each other.” In theory, such a platform would pave the way for Web3,…
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2 key indicators cast doubt on the strength of the current crypto market recovery

February 12, 2022

BTC and altcoins flashed bullish this week, but the perpetual contracts funding rate and Tether premium reflect a lack of confidence from traders. Analyzing the aggregate cryptocurrency market performance over the past 7 days could give investors the impression that the total market capitalization grew by a mere 4% to $2.03 trillion, but this data…
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Polygon price risks 50% drop as MATIC paints inverted cup and handle pattern

February 12, 2022

The bearish technical setup has a success rate of 62% of meeting its downside price targets. Polygon (MATIC) has dropped by more than 40% from its record high of $2.92, established on Dec. 27, 2021. But if a classic technical indicator is to be believed, the token has more room to drop in the sessions…
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Finance Redefined: Alchemy raises $200M, Bunny goes DAO, Feb. 4–11

February 12, 2022

Alchemy raises $200 million in a Series C round, Hashstack launches collateral protocol on Harmony, and Bunny Finance forms DAO after a hack — all coming to you in this week’s Finance Redefined. Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. As the DeFi space continues its technical resurgence, essential news on funding,…
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Intel to Develop Crypto Mining Accelerators, Claims Circuits Will Deliver ‘1000x Better Performance per Watt’

February 12, 2022

The California-based technology company and the world’s largest semiconductor chip manufacturer by revenue, Intel, has revealed the company will “contribute to the development of blockchain technologies” by offering “energy-efficient accelerators.” Intel executive Raja M. Koduri explained that the company expects its circuit innovations will deliver “1000x better performance per watt” than today’s GPU or SHA256-based…
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Technical Analysis: AMP Surges, IOTX Lower After Friday’s Jump

February 12, 2022

Friday’s big gainer IOTX fell lower on Saturday, as a red wave continued to submerge crypto markets to start the weekend. Overall, cryptocurrencies were down around 5% as of writing. Biggest Gainers On a day where the majority of the crypto market was trending lower, finding a bull was no mean feat. However, there were…
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Content Subscription Service Onlyfans Adds Ethereum-Based NFT Profile Feature

February 12, 2022

The internet content subscription service Onlyfans has announced the launch of a feature that leverages non-fungible token (NFT) technology. The newly-added feature, introduced on Thursday, gives Onlyfans members the ability to display authenticated NFTs as their profile pictures. Onlyfans Steps Into the Realm of NFTs The London-based content subscription service Onlyfans is well known for…
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Russia Takes Down 4 Carding Sites With Over $260 Million in Crypto Turnover

February 12, 2022

Law enforcement in Russia has blocked major sites on the dark web, including a carding market leader. The platforms have been seized amid ongoing investigations into hacking groups, with Russian authorities ramping up efforts to dismantle the cybercrime rings and detain their members. Interior Ministry of Russia Hits Stolen Credit Cards Market The Ministry of…
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DEX Trends in 2022: Greater Market Share, New Products, Familiar Challenges

February 12, 2022

  Debate continues to rage over just how decentralized crypto really is. While cryptoassets such as Bitcoin (BTC) operate with no obvious center, critics note that the overall market is far too reliant on a handful of centralized exchanges — Binance, Coinbase, and Kraken (to name a few) — for its liquidity and investment…. Read…
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