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Social media users are swirling around rumors that Twitter is looking at introducing its own native asset called “Twitter Coin” to be used for payments and tipping on the platform. Some are citing the initial reports from sources such as Nima Owji, who runs an app-focused information leak account on Twitter. On Dec. 4, he posted a screenshot of what appears to be a prototype Twitter interface showing a “Coins” option for tipping, along with a vector image showing a coin bearing Twitter’s logo. #Twitter is working on Coins! pic.twitter.com/67upjUn37D— Nima Owji (@nima_owji) December 3, 2022 Others have pointed to…

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Vitalik Buterin, the Ethereum co-founder, dedicated an in-depth blog post to the most perspective features behind the Ethereum network. In a blog post released on December 5, Buterin named five features of the Ethereum (ETH) network that can propagate further growth. He cited real-life use cases, blockchain identities, decentralized finance (DeFi), decentralized autonomous organizations (DAOs), and hybrid applications among the top developments he was excited about. Crypto payments Buterin gave an experience of using Ether as a means of payment in a cafe in Argentina. He stated, “We ordered tea and snacks and asked if we could pay in ETH.…

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The controversial taxes slapped on crypto transactions in India have continued to create a negative ripple effect. Earlier this year, the Indian Parliament passed this controversial tax proposal which came into effect on April 1. The bill met resistance at the initial session in the lower house, with over 20 members saying it could eventually destroy the industry. However, since the bill’s implementation, crypto associations and individuals have groaned under its weight. More recently, a member of the Indian cryptocurrency trade body – Bharat Web3 Association (BWA) – has raised its voice to the protest. It frowned on the exorbitant tax…

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Riot Blockchain has released its unaudited production and operations updates for November 2022. According to the release, the company produced 521 BTC, a 12% increase on its November 2021 production of 466 BTC. It sold 450 BTC, generating net proceeds of $8.1 million, and had a deployed fleet of 72,428 miners with a hash rate capacity of 7.7 exahashes per second (EH/s) on 30 November. Jason Les, CEO of Riot stated, “Riot again achieved a new record for total hash rate capacity during the month of November, resulting in our highest monthly bitcoin production figure to date.” He did caveat…

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Telegram to build a decentralized crypto exchange, Apple blocks Coinbase NFTs and SBF interviews attract less than stellar reviews. These stories and more this week in crypto. New Decentralized Exchange by Telegram Privacy-focused messaging platform, Telegram, announced that the company would begin building “non-custodial wallets” and “decentralized exchanges”, that would let millions of users safely trade their crypto. Founder and CEO Pavel Durov said this way they can fix the wrongs caused by excessive centralization, which let down hundreds of thousands of cryptocurrency users in the FTX fiasco. Apple Blocks Coinbase NFTs Coinbase customers using Apple devices will no longer…

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Bitcoin is seeing some green during this week’s market opening and seems poised to reclaim higher levels in the short term. The number one crypto by market cap experienced some of its worst months in history, but the bulls were able to hold the line at around $15,500.  Now, the macroeconomic outlook is changing and could start supporting further profits for risk-on assets. As of this writing, Bitcoin trades at $17,200 with 2% and 5% profits in the last 24 hours and seven days, respectively.  BTC’s price moving sideways on the 4-hour chart. Source: BTCUSDT Tradingview Bitcoin Market Is Getting…

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Bybit, a cryptocurrency exchange founded in 2018, has announced plans to carry out a new round of job cuts across its organization. ByBit’s CEO and Co-Founder, Ben Zhou announced on Sunday on Twitter that the move is part of the company’s reorganization plan to “refocus our efforts for the deepening bear market.” Grab your copy of our latest Quarterly Intelligence Report for Q3 2022 before your competitors and stay up-to-date with crucial developments in the Forex and CFD industry! 1) Difficult decision made today, but tough times demand tough decisions. I have just announced plans to reduce our workforce as…

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Bitcoin could still have much further to fall next year, according to analysts at Standard Chartered.The world’s first and biggest cryptocurrency could plummet as low as $5,000 in one scenario imagined by the banking group, as the bursting of the “crypto bubble” has ramifications throughout 2023.“Yields plunge along with technology shares, and while the Bitcoin sell-off decelerates, the damage has been done,” writes the bank’s head of global research Eric Robertsen. The prediction was made as part of Standard Chartered’s annual list of surprises that analysts believe the markets may be overlooking or under-pricing.Other possible upsets for the year ahead include…

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Kucoin Exchange Company in Africa KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies which was launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 8 million registered users across 207 countries and regions around the world.​ Known as the “People’s Exchange”, KuCoin operates in Seychelles, providing users with 24/7 multi-language customer services. Learn More Info Twitter LinkedIn Source link

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On Dec. 4, Vitalik Buterin responded to a question from a popular community member who said they had grown tired of the scammers and fraudsters in crypto after nine years. Crypto is used primarily as a vehicle for speculation at the moment, and that is where fraudsters thrive. The FTX meltdown was caused by a bank run catalyzed by major overleveraging and lending. Buterin suggested distancing from trading and investing and focusing on technology and applications. “I’d recommend increasing your distance from trading/investing circles, and getting closer to the tech and application ecosystem.” I’d recommend increasing your distance from trading/investing…

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