Dennis

Polkadot Community Platform PolkaWorld Ceases Operations Following Unsuccessful Funding Attempt

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Polkadot Community Platform PolkaWorld Ceases Operations Following Unsuccessful Funding Attempt

Polkadot community PolkaWorld halts operations after failed funding bid The Polkadot community, PolkaWorld, has suspended operations after its proposal to receive funding from Polkadot’s treasury was rejected. PolkaWorld raised concerns about the treasury management under the new open governance system called “OpenGov,” claiming it is affecting long-term contributors to the Polkadot ecosystem. The organization believes … Read more

Sam Bankman-Fried Blames Everyone but Himself for FTX’s Collapse

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Sam Bankman-Fried Blames Everyone but Himself for FTX’s Collapse

The content highlights that Bankman-Fried, the founder of crypto exchange FTX, refuses to acknowledge or take responsibility for the $8 billion loss and the impact on people’s life savings. He seems oblivious to the possibility of facing jail time for his actions. Interestingly, his main remorse appears to be focused on his tarnished public image, … Read more

Lessons Cryptocurrency can Take from AI on Achieving Influence in Washington

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Lessons Cryptocurrency can Take from AI on Achieving Influence in Washington

What Crypto Can Learn From AI About Getting Its Way in Washington Traditional media sources, which were once relied upon heavily in the late 1990s and early 2000s, have weakened. As a result, more Americans now receive their news from social media platforms that prioritize engaging content over educating. This leaves the public vulnerable to … Read more

XRP Price Prediction – Key Reasons Why Bulls Could Aim Rally To $0.60

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XRP Price Prediction – Key Reasons Why Bulls Could Aim Rally To alt=

Ripple’s token price is showing signs of recovery against the US Dollar. To continue the upward trend, the price needs to break through resistance levels at $0.505 and $0.515. The price is currently trading below $0.505 and the 100 simple moving average (4 hours), facing resistance at $0.505. On the other hand, if the price … Read more

3AC Founders Face New Trouble as Regulators Impose 9-Year Ban Amidst Bankruptcy

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3AC Founders Face New Trouble as Regulators Impose 9-Year Ban Amidst Bankruptcy

Bankrupt 3AC Founders Run Into Trouble Again As Regulators Impose 9-Year Ban Singapore’s central bank, the Monetary Authority of Singapore (MAS), has issued long-term prohibition orders against Zhu Su and Kyle Davies, founders of the bankrupt crypto hedge fund Three Arrows Capital (3AC). The founders are now banned from engaging in regulated business activities in … Read more

Paxos confirms it’s responsible for $500K mistaken Bitcoin transaction

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Paxos confirms it’s responsible for 0K mistaken Bitcoin transaction

Accounting firm Paxos accidentally overpaid $500,000 in fees for a Bitcoin transfer on September 10. Initial speculation on social media suggested that PayPal was responsible, but Paxos later clarified that the error was its own. The mistaken transaction was discovered shortly after it occurred, with fees of approximately 20 BTC paid to send just 0.07 … Read more

CoinEx Hack: Quantifying the Current Loss of Crypto Funds

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CoinEx Hack: Quantifying the Current Loss of Crypto Funds

How Much Crypto Has Been Lost In The CoinEx Hack So Far Centralized crypto exchange CoinEx was hacked, resulting in the theft of $55.5 million worth of cryptocurrency, double the initial estimates. The stolen funds were spread across various tokens including Ethereum, Bitcoin, XRP, Tron, Binance Coin, and more. CoinEx has promised to compensate affected … Read more

What Crypto Investors Should Be Aware Of

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What Crypto Investors Should Be Aware Of

Here’s What Crypto Investors Should Know SEC Chairman Gary Gensler faced scrutiny from the Senate Banking Committee regarding the commission’s investigations in the crypto space and his belief that cryptocurrencies should be regulated under securities law. The committee questioned Gensler on the SEC’s rule changes and their ability to address future market failures. Although artificial … Read more

Binance.US CEO Has Left, Crypto Exchange Cuts 1/3 of Workforce

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Binance.US CEO Has Left, Crypto Exchange Cuts 1/3 of Workforce

Binance.US released a statement stating that their current actions will give the company a financial runway of more than seven years, allowing them to continue operating as a cryptocurrency-only exchange. The company expressed frustration with the SEC’s efforts to hinder the crypto industry and highlighted the negative impact on American jobs and innovation. Binance.US sees … Read more

Establishing Confidence in the Bitcoin Network’s Reliability within El Salvador

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Establishing Confidence in the Bitcoin Network’s Reliability within El Salvador

Building Trust in the Bitcoin Network in El Salvador Alex in El Salvador has established four pillars of Bitcoin education. The foundation is Mi Primer Bitcoin, offering basic knowledge. He left CUBO+ to start Node Nation, aiming to install Lightning nodes in high schools and teach technical classes to gifted teenagers. Afterward, students can apply … Read more