Day: November 23, 2022

Cointelegraph Historical Collection private sale is now live

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Anxious to mint a piece of crypto history as a digital collectible? The time has almost come. After amassing a waitlist of more than 400,000 participants, spurring a delayed but fairer launch, Cointelegraph’s Historical nonfungible token (NFT) collection opened on Nov. 23 for waitlisters and will go live on Dec. 1 for the general public. Although the crypto and blockchain space is comparatively new in terms of world history, a number of memorable events have painted unforgettable headlines through the years. Cointelegraph’s Historical Collection gives the public a chance to…

Elon Musk Slams Semafor’s ‘Journalistic Integrity’ — Tesla Exec Says ‘Semafor Is Owned’ by FTX Co-Founder Sam Bankman-Fried – Bitcoin News

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Following the significant amount of criticism directed at mainstream media publications for a lack of journalistic integrity while reporting on FTX executives, Tesla’s executive Elon Musk called out the news website Semafor because the former FTX CEO Sam Bankman-Fried (SBF) was a lead investor. Musk took to Twitter and let Semafor know that he believes Semafor has a “massive conflict of interest” when it comes to “journalistic integrity.” Semafor Takes a Tongue Lashing From Elon Musk, Tesla Exec Calls Firm’s Journalistic Integrity Trash On Nov. 23, 2022, the news website…

Tether vs. USD Coin on-chain data reveals two very different stablecoins

USD Coin (USDC), a stablecoin issued by the U.S.-based Circle Financials Ltd, is taking the lead over its top rival, Tether (USDT), when it comes to institutional adoption, according to on-chain data. USDC daily transfer volumes are higher The market capitalization of USDC tokens in circulation comes to be around $44 billion versus USDT’s $65.42 billion. However, USDC’s daily transfer value on the Ethereum blockchain has been consistently higher than USDT throughout 2022, data from Glassnode shows. For instance, as of Nov. 22, the USDC daily transfer was around $14…

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Litecoin Sharks Push Price Over $75, LTC Likely to Keep On Rising

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Litecoin has experienced a significant price surge on low timeframes and hints at a possible bullish continuation. The cryptocurrency is moving higher than more significant assets in the space, and it’s making its way to the top 10 by market capitalization.  The current market landscape and on-chain activity support a bullish thesis. As of this writing, Litecoin already overtook Solana (SOL) and Shiba Inu (SHIB) in this ranking. LTC’s price is trading at $78 with 15% and 35% profits in the last 24 hours and the previous week, respectively.  LTC’s…

New York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels – Mining Bitcoin News

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A moratorium on some crypto mining operations relying on carbon-based energy has been signed into law in New York. Businesses engaged in proof-of-work mining in the state will not be able to expand or renew their permits for the next two years as a result of the ban, which is likely to have consequences for the industry across the United States. ‘First of Its Kind’ PoW Mining Moratorium Takes Effect in New York New York Governor Kathy Hochul signed a law on Tuesday partially banning cryptocurrency mining using power generated…

DeFi protocol raises $10M from Bitfinex, Ava Labs despite turbulent market

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The ongoing crypto bear market has proven itself to be a builders market as investments continue to find projects with promise. Onomy, a Cosmos blockchain-based ecosystem, just secured millions from investors for the development of its new protocol. The project merges decentralized finance (DeFi) and the foreign exchange market to bring the latter on-chain. According to the developers, the latest funding round garnered $10 million from big industry players such as Bitfinex, Ava Labs, the Maker Foundation and CMS Holdings among others. Lalo Bazzi, co-founder of Onomy, said the underlying…

Lawyer Explains Why Nov 30 Is Crucial

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While the crypto community has been eagerly focused on the developments surrounding Genesis Trading and Digital Currenc Group (DCG) over the past few days, Ripple Labs continues to battle the U.S. Securities and Exchange Commission (SEC). And the next important deadlines are already looming. By November 30, both Ripple and the SEC have to file their summary judgment briefs, which will remain under seal for the time being. On December 02, the two parties will meet to jointly discuss the redactions for the court filings. A few days later, on…

SUSHI Latest Feats Are Impressive, But Crypto Still In Rough Road

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SUSHI has shown strong bullishness, ranking as the most influential project in Avalanche and breaking into the top 10 in Altrank on Polygon. At this time of writing, CoinGecko is estimating a 24% increase in value, which is a 10% increase from where it was. The following is a quick rundown of some of SUSHI’s more notable qualities that demonstrate its “tasty” status: There was a 4% increase in TVL. Positive environment, but unfriendly market conditions are a drag for the token Future discomfort is possible, but the investment case…