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Cardano Delays Vasil Hardfork by “a Few More Weeks”

Cardano Delays Vasil Hardfork by “a Few More Weeks”

[ad_1] Key Takeaways Cardano’s technical manager Kevin Hammon has said that there could be “a few more weeks” before the network launches its Vasil upgrade. Vasil is Cardano’s most complex upgrade to date, aimed at improving the network’s scalability. It was initially supposed to launch on June 29, but has suffered from two delays to […]

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US Lawmaker Demands Answers From Apple and Google on Measures Against Fake Crypto Apps – Featured Bitcoin News

US Lawmaker Demands Answers From Apple and Google on Measures Against Fake Crypto Apps – Featured Bitcoin News

[ad_1] A U.S. lawmaker has demanded answers from Apple CEO Tim Cook and Google CEO Sundar Pichai about their measures against fake cryptocurrency apps appearing in the Apple App Store and the Google Play store. “Millions of Americans use mobile apps to invest in unregulated digital assets,” said Senator Sherrod Brown. “Reports have emerged of

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Bitcoin Flirts With Hurdle At k, Why It Could Be In Early Recovery

Bitcoin Flirts With Hurdle At $24k, Why It Could Be In Early Recovery

[ad_1] Bitcoin continues to trend to the upside over the short term as the crypto market hints at further gains. The bullish momentum seems to be driven by the positive earnings seasons and the U.S. Federal Reserve (Fed) interest rates hike. The financial institution announced a 75 basis points (bps) increase in interest staying within

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Babel Finance Lost Over 0m in Proprietary Trading with Customer Funds

Babel Finance Lost Over $280m in Proprietary Trading with Customer Funds

[ad_1] Babel Finance has undergone severe loss as it executed proprietary trading with customer funds. The Asian crypto lender has been in trouble and abruptly suspended client withdrawals from last month. This report comes from the company’s restructuring proposal deck. Due to proprietary trading failure, the company lost more than $280 million in Bitcoin and

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CoinFLEX announces staff layoffs amid survival efforts

CoinFLEX announces staff layoffs amid survival efforts

[ad_1] CoinFLEX co-founders Sudhu Arumugam and Mark Lamb say the goal is to be lean staff-wise and to remain ‘right-sized’ should potential acquisition proposals come in. Crypto exchange CoinFLEX has announced that it has cut its headcount by a significant number amid ongoing efforts to bring the embattled company back to its feet. The exchange, which

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Deposits at non-bank entities, including crypto firms, are not insured — FDIC

Deposits at non-bank entities, including crypto firms, are not insured — FDIC

[ad_1] The United States Federal Deposit Insurance Corporation, or FDIC, has issued an advisory informing the public it “does not insure assets issued by non-bank entities, such as crypto companies.” In a Friday notice, the FDIC advised banks in the U.S. that they needed to assess and manage risks in third-party relationships with crypto firms.

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CoinFLEX Makes “Significant” Staff Cuts Due to Recovery Costs

CoinFLEX Makes “Significant” Staff Cuts Due to Recovery Costs

[ad_1] Key Takeaways CoinFLEX has cut a portion of its workforce due to the costs of distributing its composite distribution plan. By next week, the company expects to have data on how much of the CoinFLEX Composite is owed to each user. CoinFLEX originally suspended user withdrawals on June 23 and partially reopened withdrawals on

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Santander to Launch Crypto Trading Services in Brazil

Santander to Launch Crypto Trading Services in Brazil

[ad_1] Santander, which is a Spanish multinational banking giant, is going to make strides in the cryptocurrency industry. The CEO of Santander Brazil, Mario Leao revealed on Thursday that the bank is planning to launch crypto trading services for Brazilian clients in the coming months. Take Advantage of the Biggest Financial Event in London. This

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