A Mantle community member has proposed the restriction on an automatic migration of FTX BIT tokens to Mantle (MNT) citing disqualifying factors. A debate sparked by members of the Mantle Decentralized Autonomous Organization (DAO) on the ongoing token migration of certain companies including the FTX exchange has gone mainstream as the platform seeks to unify…
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A community member has argued that FTX’s BIT tokens should not be automatically converted because of disqualifying factors. A community member started a discussion among participants in the Mantle decentralized autonomous organization (DAO), proposing to restrict the collapsed FTX exchange and Alameda Research from converting their BitDAO (BIT) tokens worth $43 million to Mantle (MNT)…
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In a volatile twist, the cryptocurrency market experienced a 0.82% decrease in value within the last day, descending to $1.2 trillion. This transpired as bitcoin (BTC) faced unstable conditions, dropping below the crucial $30K mark on Tuesday. Crypto Market in Flux Throughout this chaotic 24-hour period, leveraged digital asset traders observed a colossal liquidation of…
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Broader cryptocurrency markets are a little higher on Thursday, but remain stuck within recent ranges, with Bitcoin (BTC) just above $30,000 and Ether (ETH) in the mid-$1,800s. Markets continue to balance optimism about potential upcoming spot bitcoin ETFs, which helped spur a recent recovery in sentiment, against macro headwinds. These include strong US data…
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BitDAO’s native token BIT is set to rebrand to Mantle after the community voted in favor of a proposal seeking to optimize the token ahead of the launch of a new layer-2 mainnet. The measure was approved by a majority vote as part of the BIP-21 proposal, which sought to unify the BitDAO ecosystem under…
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Bitcoin has turned bullish, but is it a dead cat bounce? If BTC bulls keep pace, LTC, OKB, BIT and FTM could see strong rallies. The cryptocurrency markets have made a strong comeback in the past few days. That drove the total crypto market capitalization to $995 billion on Jan. 14, according to CoinMarketCap data.…
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Bitcoin remains stuck in a tight range but LTC, APE, ICP, and BIT are showing signs of starting a new up-move. Bitcoin’s (BTC) volatility remained subdued in the final few days of the last year, indicating that investors were in no hurry to enter the markets. Bitcoin ended 2022 near $16,500 and the first day…
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Game7, a blockchain gaming-focused DAO (decentralized autonomous organization) has announced the launch of a $100 million grants program. The objective of this grants program is to support the Web3 gaming community in these times of market downturn and to advance the adoption of blockchain gaming on several chains. Game7 to Support Blockchain Gaming With $100…
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“We’re looking to support teams building innovative open-source infrastructure that can accelerate the blockchain gaming space and foster collaboration,” wrote Game7 in its FAQ. On November 28, blockchain gaming accelerator Game7 announced that it would allocate $100 million in open-source technology grants to upcoming Web 3.0 startups. As told by the Game7, distributions will support…
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After the Bitdao token’s quickfire plunge on Nov. 7, members of the Bitdao community have asked Alameda Research to address rumors the principal trading platform has dumped Bitdao’s BIT tokens. The dump, if confirmed, would be a breach of a swap agreement between the two entities which prohibits the offloading of each other’s tokens before…
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