BABL, the protocol’s native token, crashed to a new all-time low of $0.23 after the founder announced that it’s shutting down operations. Decentralized finance (DeFi) protocol Babylon Finance has finally announced that it will shut down after months of trying to recover from the negative momentum caused by the Rari Fuse exploit. In a statement,…
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Bitcoin once again slipped below $20,000, as market uncertainty rose ahead of Friday’s Non-farm payrolls report. Tomorrow’s payrolls are expected to come in at 300,000 jobs, which is lower than July’s 528,000 figure. Ethereum also declined, as the price moved away from the $1,600 region. Bitcoin Bitcoin (BTC) briefly fell below $20,000 on Thursday, as…
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The layer two (L2) scaling solution Arbitrum revealed on Wednesday that the team has implemented the project’s Nitro rollup stack migration. Earlier this month, Arbitrum developers noted that the Nitro migration would reduce network fees and improve throughput. Arbitrum Developers Implement Nitro Update The Offchain Labs-managed L2 Ethereum scaling solution Arbitrum, told fellow Arbinauts (the…
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The government of Georgia has approved amendments to the legal framework for the Caucasian nation’s financial sector, including additional regulations for crypto and fintech activities. The move aims to align Georgian law with relevant EU provisions. Parliament of Georgia to Vote on Crypto Legislation in Coming Months A legislative package expanding the regulatory framework for…
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Ukrainian investigators have exposed a scheme targeting residents of the country and the European Union with various financial scams, including some related to cryptocurrencies. The criminal organization members contacted their victims through call centers to collect personal financial information. Fake Ukrainian Call Centers Promise Foreigners Excess Profits From Crypto Trading Officers from the Main Investigative…
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August is over, and fall is upon us, but the crypto market remains as difficult as ever to navigate. As we always do when a month has ended, let’s take a look in the rearview mirror to see how the crypto market has performed over the past month…. Read More: Coin Race: Top Winners/Losers of…
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In a bid to develop transparent accounting rules for digital assets, the US Financial Accounting Standards Board (FASB) has revealed what assets the industry body will include in its crypto rule-making project, leaving NFTs and certain stablecoins outside its scope…. Read More: US Inches Towards Bitcoin & Ethereum Accounting Clarity, Leaving NFTs and Stablecoins for…
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Bitcoin price started a downward move after it failed to surpass USD 20,500. BTC declined below USD 20,000 again before recovering some of its losses. BTC is currently (11:48 UTC) trading near USD 20,000 and is down almost 2% in a day and 7% in a week. Similarly, most major altcoins struggled and moved lower.…
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Major crypto platform Crypto.com reportedly pulled out from what could be one of the largest ever sponsorship deals for the Champions League after its talks with the Union of European Football Associations (UEFA) fell through last minute…. Read More: Crypto.com Champions League Sponsorship Falls Through – Report Read more »Sign up for e-EUR – the…
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The bill requires digital asset exchanges and crypto companies to have a license of operation in the state of California. Lawmakers in California State Assembly 71-0 passed the Digital Financial Assets Law, also known as AB 2269, on Tuesday, Aug. 30. The bill is now in the hands of the state’s governor Gavin Newsom, who…
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