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Hodlnaut & Swyftx Lay Off Staff, USD 9M Carried Out in eNaira, MTV’s ‘Best Metaverse Performance’, Crypto Green and Red Regulatory Lights + More News

August 19, 2022

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Hodlnaut & Swyftx Lay Off Staff, USD 9M Carried Out in eNaira, MTV’s ‘Best Metaverse Performance’, Crypto Green and Red Regulatory Lights + More News  Read more »Sign up for e-EUR…
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Russian Hospital Employee ‘Mined Crypto in a COVID-19 Ward’; SBI Crypto to Halt Mining in Russia

August 19, 2022

A Russian medical specialist could face up to two years behind bars after authorities caught him allegedly running an illegal mining setup in a facility designed to treat coronavirus patients. The specialist had been placed in charge of information security at a state-run hospital in Gorno-Altaisk, a town in the Altai Republic, in Southern Siberia….…
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Merkle trees vs. Verkle trees, Explained

August 19, 2022

This article helps you to understand the importance of and differences between Merkle vs. Verkle trees in blockchain. Merkle trees vs. Verkle trees There are many differences between both types of trees, particularly in providing Merkle proofs and Verkle proofs. The whole set of sister nodes in a Merkle tree, including Merkle Patricia trees, constitutes…
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Fake employees and social attacks: Crypto recruiting is a minefield

August 19, 2022

Hiring in the crypto world can be difficult. Web3 companies are often disorganized and lack HR departments. Developers sometimes want to remain anonymous even to their potential employers. Some employees dont exist at all, while others are secretly juggling three other remote gigs. Then there are those who pretend to be employees but are really…
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What is an NFT and why are they so popular?

August 19, 2022

Nonfungible tokens continue to captivate mainstream audiences around the world as Web3 technology grows at a rapid pace. Nonfungible tokens (NFTs) have been part and parcel of the cryptocurrency space for the last couple of years. Still, their value and utility across several industries have driven their proliferation into mainstream consciousness. Cointelegraph’s director of video…
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Independent Tether attestation reveals 58% decrease in commercial paper holdings

August 19, 2022

An independent review from the accounting firm BDO reported that the stablecoin issuer’s total assets exceed its consolidated liabilities. An announcement from USDT issuer Tether Holdings Limited revealed information from an independent attestation about the company’s previous quarter’s performance. The reviewer, top accounting firm BDO Italia, assessed Tether’s assets as of June 30, 2022.  Tether had…
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Ethereum Merge prompts miners and mining pools to make a choice

August 19, 2022

The Ethereum Merge to PoS is slated for the third week of September, eliminating PoW mining. Experts weigh in on how mining pools and miners would be impacted. The Ethereum blockchain is all set to make its highly anticipated transition from its current proof-of-work (PoW) mining consensus to proof-of-stake (PoS). The Merge date is officially…
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Qatari National Blockchain Blueprint Spotlights Benefits of the Technology to Country’s Economy

August 19, 2022

Qatar’s recently released “National Blockchain Blueprint” has suggested that the technology, combined with a “solid regulatory framework,” can help the country build an innovative information technology (IT) sector. However, for this to happen, Qatar must implement recommendations laid out in the blueprint. Qatar Said to Be Well Placed to Become Blockchain Hub A blueprint jointly…
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Value Locked in Defi Loses $5.7 Billion in 5 Days, Smart Contract Tokens Shed 7.8% in 24 Hours

August 19, 2022

The total value locked (TVL) in decentralized finance (defi) has slid 8.53% over the last five days since August 14, 2022. At the time, the TVL was $67.87 billion but today, the value locked in defi is approximately $62.08 billion. Moreover, the top smart contract platform tokens by market valuation today are worth $372 billion,…
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Bitcoin, Ethereum Technical Analysis: BTC Plunges Below $22,000, While ETH Nears 10-Day Low

August 19, 2022

Bitcoin was significantly lower on Friday, as the token fell by over $1,500 in a 24-hour period. The world’s largest cryptocurrency has been declining all week, however today’s drop engulfed previous losses. Ethereum was also in the red, as the token fell below $1,700 for the first time in almost ten days. Bitcoin Bitcoin (BTC)…
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