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December 2, 2022

Line shuts down crypto exchange to focus on blockchain and LN token

Line shuts down crypto exchange to focus on blockchain and LN token

Amid the ongoing crypto winter, Japanese messaging giant Line has decided to close its cryptocurrency exchange. Big front, the cryptocurrency exchange owned by Line, officially announced on November 27 a plan to completely shut down the platform by March 2023. The announcement notes state: Unfortunately, we have decided that we must close Bitfront to continue […]

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Lagarde calls for broader crypto regulation following FTX collapse

Lagarde calls for broader crypto regulation following FTX collapse

The head of the European Central Bank, Christine Lagarde, said that broader crypto regulation beyond MiCA was needed after the collapse of the FTX exchange. A European Central Bank digital currency will offer EU citizens alternative digital payment options, Lagarde told lawmakers in the European Parliament. European Central Bank President Christine Lagarde called for more

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Here’s the Worst-Case Scenario for Bitcoin (BTC) and Ethereum (ETH), According to Analyst Benjamin Cowen

Here’s the Worst-Case Scenario for Bitcoin (BTC) and Ethereum (ETH), According to Analyst Benjamin Cowen

A popular cryptanalyst outlines what he thinks could be worst-case scenarios for the top two digital assets. In a new interview on Altcoin Daily’s YouTube channel, crypto strategist Benjamin Cowen says macro headwinds could propel Bitcoin (BTC) and Ethereum (ETH) to fresh bear market lows. Looking at Ethereum, Cowen predicts that ETH could lose up

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Game7 allocates 0M in open-source technology grants for Web 3.0 gaming companies

Game7 allocates $100M in open-source technology grants for Web 3.0 gaming companies

“We want to help teams build an innovative, open-source infrastructure that can accelerate the blockchain gaming space and foster collaboration,” Game7 wrote in its FAQ. On November 28, blockchain game accelerator Game7 announced that it would provide $100 million in open-source technology grants for upcoming Web 3.0 startups. As stated by Game7, the distributions will

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Crypto fund investment still dominated by the United States: Database

Crypto fund investment still dominated by the United States: Database

The cryptocurrency database shows that most companies are venture capital at 52.8%, followed by hedge funds at 44.3%, and then mutual and private equity funds at 2.9%. Although the VC funding in October has been halved, there still seem to be bull funds in this space investing in emerging markets, web3, and infrastructure. But most

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Aave pauses lending markets for 17 Ethereum-based tokens

Aave pauses lending markets for 17 Ethereum-based tokens

Aave has temporarily frozen the credit markets for 17 tokens and stablecoins on Ethereum.  This comes after a massive short position in Aave’s CRV market resulted in a $1.6 million bad debt. Decentralized lending protocol Aave has temporarily frozen lending markets for 17 tokens to protect against evil debt takeover from future market manipulation attacks.

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