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The US District Court for the Southern District of California has approved the payment of $17 million in compensation to victims of BitConnect. It is one of the most high-profile "Ponzi schemes" in cryptocurrency history. Customers of the platform suffered $2.4bn in damages. Some 800 affected BitConnect
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The cryptocurrency is rising amid widespread positive sentiment from lower inflation in the US. The December US price growth rate data will be released today at 4:30pm. Analysts expect inflation to be negative. This will be a big win for the Fed.
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ChainArgos revealed that the Binance-peg BUSD stabelcoin had insufficient collateral between 2020 and 2021. The crypto-exchange explained the situation. It said the discrepancies were due to "shortcomings" in the team. Binance also noted that many teams were involved in issuing and maintaining the peg, including Paxos Trust. "
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Cryptosat launched with a SpaceX rocket the second crypto-satellite, which is no bigger than a coffee mug. The device stores databases for blockchain applications, products and services. "Even if you bury your computer in the mountains, you still need an Internet cable. And to run it, you need power.
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German car manufacturer BMW has shared plans to implement blockchain technology. There will be two stages, first the integration into the daily work of the company and then the development of a loyalty program for users. The company has attracted the blockchain infrastructure of Coinweb and BNB Chain to implement
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On January 1, 2023, China will launch the first national NFT-marketplace. It will be regulated by three organizations: China Technology Exchange, Art Exhibitions China and Huban Digital. The marketplace will be built on the state-controlled China Cultural Protection Chain blockchain.
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The decline in sales occurred against the background of the crypto-zine. While at the "peak" between August and November of last year, NFT sales often exceeded $200,000 a day, now they barely reach $19,000. Previously, the hype surrounding NFT was fueled by the interest of stars
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BofA CEO Moynihan said that the company will not offer services related to cryptocurrency in the near future. Â However, he acknowledged the importance of digital payments in today's economy. According to Moynihan, the main obstacle to the crypto industry is regulatory problems. The SEC is suspicious of companies
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The "miners" of digital currencies account for more than 2% of the total amount of electricity consumed in Russia, it is more than agriculture, so the market should be "whitened" and regulated, said Deputy Head of the Ministry of Industry and Trade Vasily Shpak. He recalled
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Bitcoin for the second day in a row does not observe the correlation with the Nasdaq index, and even act as a leading indicator for the subsequent stock price movement. Or they just decided to shave $232 million off the bears 😇 Overall, the crypto market remains in a state of
Deals
The Wall Street Journal released a report from Argus in which analysts studied the transactions of several addresses. The study found facts that could indicate insider trading. The research shows that wallets were buying tokens before they were listed and selling them immediately afterwards. In total, Argus found 46 addresses
Growth
As of this writing, Terra validators, support Do Kwon's plan to fork the network. According to the vote, about 80% voted yes. The vote will last another five days. It is noteworthy that a few days before, in the comments to Do Kwon's proposal, the community