Speaking at the BUIDL Asia event in Korea, Vitalik Buterin said that centralized stablecoins like USDC & USDT will become significant deciders in future hard forks.
Tom Mitchelhill
Tom Mitchelhill is a cryptocurrency & finance writer. With an academic background in philosophy, economics & politics, Tom developed a passion for studying everything crypto & finance. When away from the keyboard you can find Tom surfing or trail running.
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Vitalik: Centralized USDC could decide the future of contentious ETH hard forks - News
Solana-hacked crypto could be claimed as a tax loss: Experts Australian, Canadian & U.K. crypto investors may potentially claim hacked crypto as a tax loss, but U.S. investors will miss out, according to tax experts.
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Swiping left: Tinder pulls back on Metaverse dating plans Disappointing financial results have seen Tinder lay off its current CEO, slash funding to metaverse development and ditch plans for its digital currency, Tinder Coins.
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Fed demands Voyager remove ‘false’ claims deposits are FDIC insured The Fed and FDIC allege that Voyager “made various representations online” that its funds were FDIC insured.
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Mike Novogratz warns that 200x returns from crypto are ‘not normal’ Former-LUNAtic Mike Novogratz has told crypto investors that the insane returns seen in the crypto space are simply unsustainable.
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Crypto use an aggravating factor for sentencing: Aussie court study Offenders that use cryptocurrency for illegal activity in Australia are more likely to receive a tougher sentence.
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Cred Protocol unveils its first decentralized credit scores Releasing the results of its first credit score on the Aave Protocol, a decentralized credit scoring mechanism called Cred Protocol is set to expand to Compound and MakerDAO.
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CryptoPunk sells for $2.6M as big NFT brands floor prices increase Despite the massive downturn in the NFT market, CryptoPunk 4464’s $2.6 million price tag signals that top NFT projects are still managing to attract some serious attention.
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Nifty News: Total BAYC thefts crack $18.5 million, ‘Ape Now, Pay Later’ loans come for NFTs and more The total value of stolen BAYC NFTs has cracked $18.5 million, BNPL comes for NFT buyers and Australia makes big moves in the nonfungible space.
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WSJ editorial slams SEC’s ‘bewildering’ Bitcoin ETF denials The editorial board has drawn attention to a two-pronged approach employed by SEC’s Gensler, which makes it practically impossible to get a spot Bitcoin product approved.
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Crypto owners banned from working on US Government crypto policies A new legal advisory notice from the US Office of Government Ethics prohibits any employee who owns cryptocurrency from working on Federal crypto regulation.
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MakerDAO members shoot down proposal for more centralization MakerDAO members turned up in record numbers to preserve the principles of decentralization, setting new precedents for future DAO governance.
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Infamous North Korean hacker group identified as suspect for $100M Harmony attack A new report suggests that a notorious North Korea-affiliated hacking group may be behind last week’s $100 million Harmony attack.
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80,000 Bitcoin millionaires wiped out in the great crypto crash of 2022 The crypto crash has seen the number of Bitcoin millionaires decline by more than 75% since November last year.
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Nexo hires Citibank to advise on acquisitions during market turmoil “We’re in this together” — Crypto lending platform Nexo has appointed Citibank to advise on acquisitions from struggling crypto firms.
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Metaverse could be worth $5 trillion by 2030: McKinsey report A new report from global consulting firm McKinsey found that the Metaverse could be worth $5 trillion by 2030.
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Yahoo launching Metaverse events for Hong Kong residents under restrictions Yahoo has announced its intention to launch a series of Metaverse projects in Hong Kong, apparently creating a brief rally for Decentraland’s native token, MANA.
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Bitcoin's real energy use questioned as Ethereum founder criticizes BTC A founding member of Ethereum has claimed that Bitcoin uses nearly 1% of the world’s electricity, but different sources put it substantially lower.
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Attackers loot $5M from Osmosis in LP exploit, $2M returned soon after Attackers have exploited a bug in the Osmosis exchange to the tune of $5M as FireStake validators admit to their role in racking up roughly $2M before stepping forward.
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Netscape creator says Web3 really is like the rise of the early internet Billionaire tech entrepreneur Marc Andreessen says that the current proliferation of Web3 and blockchain technology looks just like the internet in the late 1990s.
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Ethereum devs tip The Merge will occur in August ‘if everything goes to plan’ Core Ethereum developer Preston Van Loon says that the network’s long-awaited transition to proof-of-stake will most likely happen this August.
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People want to be paid crypto to exercise in the Metaverse: Survey A new survey has revealed that blockchain technology may be a better fitness motivator than traditional monetary incentives.
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Nifty News: BAYC floor price drops 50%, Lonely Apes doesn’t attract women, and more The floor price of the Bored Ape Yacht Club has fallen 50% from the beginning of this month as prices and sales volume of NFTs suffer across the board.
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Novogratz says LUNA tattoo is a constant reminder investing ‘requires humility’ “Not going away” — Mike Novogratz says that despite being permanently humbled by the recent Terra collapse, the crypto industry will continue to grow.
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Robinhood shares spike 30% after Sam Bankman-Fried buys $650M stake Shares in the popular online brokerage Robinhood have spiked over 30% in after-hours trading following billionaire Sam Bankman-Fried acquiring a 7.6% stake in the company.
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Aurora launches $90M fund to finance DeFi apps on Near Protocol Aurora, an EVM scaling mechanism on the Near protocol, has launched a $90 million token fund in partnership with Proximity Labs to attract new developers.
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DOGE gets more love on Twitter and Ether gets more hate: Data analysis Sentiment analysis running across a year’s worth of tweets has found that Ether is Twitter’s least favorite cryptocurrency of five studied, while Dogecoin received the most affection.
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Ether whales get busy as transactions hit highest point since January Ether whales have been transacting a huge volume of ETH, marking the highest one-day whale activity since January.
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NFT collectors sent $37B to marketplaces in 2022, nearly equaling 2021 already Despite sporadic market conditions, NFT collectors are on track to spend more on NFTs in the first half of this year than in all of 2021.
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Hop Protocol reveals details of Hop DAO and Optimism-style airdrop Cross-chain bridging protocol Hop has launched Hop DAO, its community-owned governance structure that will see early users airdropped 8% of all HOP tokens.