Smart contract-enabled insurance holds promise, but can it be scaled?
A new insurance world is coming where smart contracts replace insurance documents, blockchain “oracles” supplant claim adjusters, and decentralized autonomous organizations (DAOs) take over traditional insurance carriers. Millions of poor...
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Over 100 million USD lost in exploit
The Binance Smart Chain is the second most successful smart contract platform and has created a vibrant ecosystem of DeFi applications. Only Ethereum created a bigger universe of decentralized services and products. Yesterday, the BSC was...
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To HODL or have kids? The IVF Bitcoin Babies paid for with BTC profits
Hold Bitcoin till the very end or sell a little bit to start a family? For one Bitcoiner in Northwest London, it was a no-brainer.Noodle, (a nickname) a Brit who first heard about Bitcoin around 2012, took profits on...
El Salvador focused on bringing investment to Bitcoin City, says ambassador
El Salvador, the first nation to make Bitcoin (BTC) a legal tender in September last year, is currently focused on building a Bitcoin City. There have been several delays and disruptions in the plans since its announcement last year...
IOSCO demands tighter scrutiny over the ‘finfluencers’
The Board of the International Organization of Securities Commissions (IOSCO) believes the regulators on both national and international levels need more power to address increasing risks and challenges from the “digitalization of retail...
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Community discusses why inflation isn’t pushing more people to crypto
While some anticipate that more people will naturally get into crypto due to inflation, the reality is far from some community members’ expectations. A discussion in the r/cryptocurrency subreddit highlighted this topic and explored why higher...
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Terra: Arrest in South Korea
Do Kwon is still on the run, and he keeps playing games via Twitter. In late September, Interpol issued a red notice for him after South Korean investigators asked for help to find out his whereabouts. While investigators still...
Ethereum price eyes 35% rally after 6,000 ETH gets burned in one week
Ethereum's native token, Ether (ETH), looks ready to undergo a massive rally due to a mix of technical and fundamental factors.From a technical perspective, ETH's price now eyes a 35% rebound by the end of October after holding testing...
NFT games are ‘only scratching the surface’ of what’s possible — Animoca’s Yat Siu
Animoca Brands co-founder Yat Siu believes nonfungible token (NFT) games are only scratching the surface of what’s possible and predicts completely new models of gaming will be developed as a result of digital ownership.Speaking to...
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Industry exec explains why NFT fraud protection falls on brand and not marketplaces
Nonfungible token (NFT) marketplaces should commit to combat fraudulent NFTs, but brands are far more responsible for protecting NFT investors, according to one industry executive.Brands that issue NFTs should be taking the first step to...
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MakerDAO revenue tumbles 86% on Ether and Wrapped BTC woes
MakerDAO, the governing body of the Maker Protocol has seen its revenue plummet in the third quarter of 2022, caused by a fall in loan demand and few liquidations, while expenses have remained high. According to an Oct. 13 tweet...
Web3 devs ‘more active than ever’ amid crypto winter: Report
Web3 developers don’t appear to be fazed by the crypto bear market, with one Web3 platform suggesting they’re “more active than ever” — particularly on the Ethereum network. In a new Q3 2022 report on Oct. 13 by Web3 development...
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Japanese gaming giant’s hiring spree ahead of NFT marketplace
Japanese gaming giant Konami is seeking to expand its crypto-versed talent pool while it ey the development of Web3 and Metaverse “experiences” and a nonfungible token (NFT) marketplace.The gaming giant is the latest in a lengthening list of...
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OCC’s Hsu says regulators are ‘spending too much time’ on crypto: Reuters
United States Acting Comptroller of the Currency (OCC) Michael Hsu has expressed concerns that regulators are spending “too much time on crypto," rather than more pressing issues, such as technology and banking. The crypto skeptic OCC head...
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Bitcoin traders were ready for a hot CPI report, but BTC bears are still in control
Cryptocurrency traders were caught by surprise after the Oct. 13 Consumer Price Index Report showed inflation in the United States rising by 0.6% in September versus the previous month. The slightly higher-than-expected number caused Bitcoin...
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NFTs will be ‘as disruptive’ as Bitcoin was 10 years ago — Kraken exec
Non-fungible token (NFT) trading volumes may have dropped nearly 98% since January, but several industry executives tell Cointelegraph it's nothing to fear as the technology continues to develop and mature. Jonathon Miller, managing director of...
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US lawmaker says crypto regulation from SEC is ‘needed now’
John Hickenlooper, a United States Senator representing Colorado, has penned a letter to Gary Gensler urging the Securities and Exchange Commission chair to establish “clear rules” for the crypto market.In an Oct. 13 letter, Hickenlooper...
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Time to switch from LinkedIn to MetaMask? Not yet, but soon
The function of crypto wallets has changed significantly over the last few years. They initially secured token holdings or served as art galleries with nonfungible tokens (NFTs). Today, they’ve become like bank accounts for many, and soon, they...
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Rep. McHenry gives progress report on stablecoin legislation, says it’s an ‘ugly baby’
Patrick McHenry, ranking member of the United States House of Representatives Financial Services Committee, thinks the “conversation has become unmoored” regarding financial technology and needs to return to solving real-world problems. He is...
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Crypto users renew calls for Satoshi Nakamoto to win Nobel memorial prize for economics
Bitcoin enthusiasts on social media platforms have reiterated their annual petition to have the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel awarded to Satoshi Nakamoto.On Oct. 10, the Royal Swedish Academy of Sciences...
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