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October 2022

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Bitcoin Trading Volume Picking Up Again – End of Bear Market?

Bitcoin’s trading volume has steadily expanded since mid-June while the trading volumes of other top capital assets have declined, indicating that the leading crypto could be increasingly  considered a “safe haven” for traders fleeing other asset categories, according to a recent analysis by crypto-focused market intelligence platform Santiment. “Trader interests are beginning to return to […]

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Japanese prime minister says gov’t investment in digital transformation will include Metaverse, NFTs

According to Fumio Kishida, the government of Japan’s investment in digital transformation included issuing NFTs to local authorities using digital solutions. Fumio Kishida, the prime minister of Japan since 2021, has said the government will be making efforts to promote Web3 services, including those dealing with nonfungible tokens, or NFTs, and the Metaverse. In an Oct.

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Transit Swap: Decoding the curious case of lost-and-partially found

On 1 October, 2022, Transit Swap, was the latest victim of a hack wherein the organization lost $23 million. However, within 24 hours of the attack, the DEX aggregator received 70% of the stolen $23 million. This was due to a swift response from many blockchain security firms. The DEX aggregator lost the funds on 1

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Ark Invest Jumps Into Crypto SMA Arena

Move comes a few weeks after Franklin Templeton offered its first crypto-focused SMAs via Eaglebrook Advisors’ platform Eaglebrook CEO says firm has “a pipeline of large asset managers” looking to move into crypto space A fund group known for its investments in cutting-edge technology is set to bring its first crypto separately managed accounts (SMAs)

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FTX, Haun Ventures back $14 million raise for ex-Amazon and Uber vets’ new DeFi platform

QUICK TAKE Investing heavyweights FTX Ventures, Paradigm and Haun Ventures back new DeFi platform Exponential.  The startup, founded by ex-Amazon and Uber veterans, raised a $14 million seed round.  Decentralized finance platform Exponential has raised $14 million in a seed round led by Paradigm.  Other backers include FTX Ventures, Haun Ventures and Circle Ventures, as well as over 80

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Kim Kardashian Charged by SEC for Promoting EthereumMax, Pro-Russian Paramilitary Raised Crypto Worth $400K, Crypto Exposure by Banks 0.14% + More News

Legal news Kim Kardashian has been charged by the US Securities and Exchange Commission (SEC) with unlawfully touting a crypto security offered and sold by EthereumMax without disclosing the payment she received for the promotion on social media. Kardashian agreed to settle the charges, pay $1.26 million in penalties, disgorgement, and interest, and cooperate with the Commission’s ongoing investigation,

Kim Kardashian Charged by SEC for Promoting EthereumMax, Pro-Russian Paramilitary Raised Crypto Worth $400K, Crypto Exposure by Banks 0.14% + More News Read More »

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Sam Bankman-Fried markets Celsius bid as altruism for users

On Sunday, crypto bigwig and investor Sam Bankman-Fried claimed that if his crypto exchange FTX would buy-out bankrupt Celsius Network, it would be to get money back to customers — just like Voyager’s takeover. “To be clear — in Voyager, our bids are generally determined by fair market price, no discounts;” Bankman-Fried wrote in a Twitter reply.

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Bitcoin mining revenues down 16.2% in September

QUICK TAKE Bitcoin miners brought in about $550.5 million in revenue in September, down 16.2% from the previous month. They made about 1.56 times the revenues of Ethereum miners and stakers combined. Bitcoin mining revenue fell 16.2% in September to about $550.5 million, marking its fifth decline in the last six months and the lowest

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Binance Gets Presidential Approval To Develop Crypto Marketplace in Kazakhstan

In Brief Binance has received Presidential approval in the nation of Kazakhstan. The country will also join the Law Enforcement Training Program set up by Binance to tackle international cyber crime. Kazakhstan is the latest in a string of positive regulatory announcements for the company. Crypto exchange Binance has won presidential approval to develop a virtual asset

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Arthur Hayes Says Ethereum (ETH) Merge Still Not Priced In, Lays Out Bottom Scenario for Crypto Markets

BitMEX co-founder Arthur Hayes says that the market still hasn’t priced in the significance of Ethereum’s (ETH) successful transition to a proof-of-stake consensus model. In an interview with Raoul Pal of Real Vision, Hayes says that the Ethereum network is now capable of supporting a new ecosystem filled with new businesses and protocols, something that hasn’t been

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