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Blockchain’s use in healthcare ‘essential’ to protect sensitive data: Zelis CTO

Zelis CTO Kali Durgampudi has called on health care providers to utilize blockchain tech to protect customer data and stave off attacks from cybercriminals. Kali Durgampudi, the CTO of healthcare payments company Zelis, believes that the implementation of blockchain tech is vital for protecting patients’ sensitive data from cybercriminals. Speaking with Health IT News on…
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BlockFi had $1.8B in outstanding loans in Q2: Report

Crypto lender BlockFi outlined the total amount of loans and net risk exposure it carried at the end of Q2 2022, and shared how it is managing liquidity and credit risk. Centralized crypto lender BlockFi disclosed that as of the end of Q2, it had $1.8 billion in outstanding loans from institutional and retail investors…
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Don’t wait around for recovery, keep on building, says Web3 exec

Tegan Kline said that the bear market is a “builder’s paradise” because there is less noise and teams can focus on laying down foundations. There are many more things that can be built within the blockchain space, and the good news is that members of the community know what they are, said Tegan Kline, the…
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Compass Mining to add 25,000 ASIC miners just weeks after staff cuts

The Bitcoin mining company plans to expand its fleet of mining devices comes on the back of staff lay-offs and executive salary cuts just weeks before. Mere weeks after announcing staff lay-offs and salary cuts, Compass Mining has unveiled expansion plans in the form of a 75 megawatt (MW) hosting partnership with Compute North for…
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Coinbase Confirms ‘No Financing Exposure’ to Bankrupt Crypto Firms Celsius, Voyager, Three Arrows Capital

Crypto exchange Coinbase has confirmed that the company “had no financing exposure” to bankrupt firms, including Celsius Network, Voyager Digital, and Three Arrows Capital (3AC). “The issues here were foreseeable and actually credit-specific, not crypto-specific in nature,” Coinbase stressed. Coinbase: ‘We Have Not Engaged in These Types of Risky Lending Practices’ The Nasdaq-listed cryptocurrency exchange…
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Thailand’s Oldest Lender Delays Bitkub Exchange Acquisition Amid Tighter Crypto Rules

The company that owns Thailand’s Siam Commercial Bank has postponed a deal to acquire a majority stake in Bitkub, the country’s largest cryptocurrency exchange. The decision comes amid tightening crypto regulations that limit growth in domestic crypto trading. SCB Postpones Acquisition of Thai Crypto Exchange Bitkub The parent company of Siam Commercial Bank, SCB X,…
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Rich Dad Poor Dad’s Robert Kiyosaki Warns Inflation May Lead to Greater Depression

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the current inflation may lead to a “Greater Depression.” He added that real estate is crashing and foreclosures are up 700% from last year. Robert Kiyosaki’s Depression Warnings The author of Rich Dad Poor Dad, Robert Kiyosaki, voiced fresh…
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Lessons From the Meltdown: a Value Approach to Token Valuation

Sebastien Laye is a French-American crypto-economist and entrepreneur in the financial services and real estate sector. __________… Read More: Lessons From the Meltdown: a Value Approach to Token Valuation  Read more »Pay, Trade, Buy Bitcoin with Credit Card

‘The market is acting this way because there is no regulation’ says Skale Labs’ Konstantin Kladko

According to Kladko, a combination of naive investor protection mechanisms and lack of market regulation led to the recent DeFi “supercrash.” The recent cryptocurrency bear market has uprooted decentralized finance (DeFi) and centralized finance (CeFi) projects in the crypto space. But past performance is not always indicative of future results. For starters, Ethereum’s price has…
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SBF: Crypto winter winding down, FTX to turn a profit as it serves as lender of last resort

Billionaire CEO of the FTX exchange Sam Bankman-Fried sees a stable crypto market and wider FTX product range ahead, pending regulation and a recovering world economy. The economic crisis in crypto is waning, FTX co-founder and CEO Sam Bankman-Fried thinks. He noted, in an interview on Axios Pro on Thursday, that he is no longer…
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