India's e-commerce giant Flipkart has teamed up with Polygon to create a Center of Excellence (CoE) for web3 and metaverse commerce development in India.
https://twitter.com/0xPolygon/status/1598577101007126531
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https://twitter.com/0xPolygon/status/1598577101007126531
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Blackstone limits withdrawals at $125bn property fund as investors rush to exit due to concerns about the health of the real estate market.
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Coins ( ₿ )
Someone just made 15.5M $BUSD with 10 $BNB! (Earlier today The Ankr aBNBc contract was attacked and an additional 10 trillion aBNBc was minted. Ankr Exploiter has transferred 900 BNB into Tornado Cash. Previously, BNB Chain launched the liquid staking function…
Ankr will purchase 5m worth of BNB and use this to compensate in totality the liquidity providers.
The team at Ankr has assessed the damage and it is max 5M USD worth of BNB from the liquidity pools.
We are currently working hard to resolve this issue efficiently and we would like to propose the following to address the current situation.
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The team at Ankr has assessed the damage and it is max 5M USD worth of BNB from the liquidity pools.
We are currently working hard to resolve this issue efficiently and we would like to propose the following to address the current situation.
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Alibaba Cloud Expands to Support Validators and Infrastructure on Avalanche Public Blockchain.
The network is currently secured by more than 1,200 validators and processes on average two million transactions on a daily basis.
To celebrate this integration, Alibaba Cloud is offering Avalanche developers credit towards any of their services. Alibaba Cloud’s special promotion page for Avalanche developers is live: https://www.alibabacloud.com/campaign/avalanche-partnership.
https://www.alibabacloud.com/blog/avax-naas-node-as-a-service-on-alibaba-cloud_599481?spm=a2c65.11461471.0.0.61786551L0HJ8E
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The network is currently secured by more than 1,200 validators and processes on average two million transactions on a daily basis.
To celebrate this integration, Alibaba Cloud is offering Avalanche developers credit towards any of their services. Alibaba Cloud’s special promotion page for Avalanche developers is live: https://www.alibabacloud.com/campaign/avalanche-partnership.
https://www.alibabacloud.com/blog/avax-naas-node-as-a-service-on-alibaba-cloud_599481?spm=a2c65.11461471.0.0.61786551L0HJ8E
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AlibabaCloud
Cloudverse Webinar｜ Build Your Metaverse Spaces
Date: 14th June 2023, 10:00-11:00 (UTC+8:00)｜How to start your metaverse journey with the Cloudverse Solution
Coins ( ₿ )
Arrest warrants have been issued by South Korea for Do Kwon’s former coworkers. The authorities claim that they may have made illicit profits prior to the catastrophic collapse of the Terra ecosystem. Arrest warrants were also requested for three Terraform…
'Terra Luna Incident' Shin Hyun-seong dismisses the warrant for former CEO Chai.
Hong Jin-pyo, chief judge in charge of warrants at the Seoul Southern District Court, dismissed the arrest warrant at around 2:20 am on the same day after interrogating the suspects (warrant review) before arresting them the day before.
Judge Hong said, "Considering the attitude toward the investigation, the circumstances, process, and contents of the statement, it is difficult to see that there is a risk of destroying evidence or escaping beyond the scope of exercising the right to legitimate defense."
https://m.yna.co.kr/view/AKR20221203000700004?section=economy/all
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Hong Jin-pyo, chief judge in charge of warrants at the Seoul Southern District Court, dismissed the arrest warrant at around 2:20 am on the same day after interrogating the suspects (warrant review) before arresting them the day before.
Judge Hong said, "Considering the attitude toward the investigation, the circumstances, process, and contents of the statement, it is difficult to see that there is a risk of destroying evidence or escaping beyond the scope of exercising the right to legitimate defense."
https://m.yna.co.kr/view/AKR20221203000700004?section=economy/all
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연합뉴스
'테라·루나 사태' 신현성 전 차이대표 영장 기각 | 연합뉴스
(서울=연합뉴스) 송정은 기자 = 가상화폐 '테라·루나' 발행사 테라폼랩스를 창립한 신현성(37) 전 차이코퍼레이션 총괄대표의 구속영장이 3일 ...
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FTX Japan Says Work Underway to Allow Withdrawal of Client Funds.
Plan was approved by FTX management, shared with regulators.
FTX group may have over a million creditors around the world.
https://www.bloomberg.com/news/articles/2022-12-02/ftx-japan-says-work-underway-to-allow-withdrawal-of-client-funds
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Plan was approved by FTX management, shared with regulators.
FTX group may have over a million creditors around the world.
https://www.bloomberg.com/news/articles/2022-12-02/ftx-japan-says-work-underway-to-allow-withdrawal-of-client-funds
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Bloomberg.com
FTX Japan Says Work Underway to Allow Withdrawal of Client Funds
The Japanese subsidiary of failed crypto empire FTX said it is working to allow users in the country to withdraw their funds, paving the way for a rare case of investors getting money back from the collapsed exchange.
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Stablecoin use is climbing ever higher through the bear market. Stablecoins’ daily on-chain transfer volume is near an all-time high of $25b per day (90-day moving average). About $20b of this is sourced from USDC (on Ethereum) and Tether (Ethereum and Tron) transfers.
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Russia’s largest bank Sber has announced support for Ethereum and MetaMask on its proprietary blockchain.
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Someone on Twitter said this: “I don’t use a cold storage, I store it all on Binance. Because if Binance dies, crypto is dead anyway”
Do you agree? 👍/👎
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Do you agree? 👍/👎
📍 Follow @Coins for the hottest news in crypto.
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Bitcoin December returns
2017: +39% (bull market)
2018: -6%
2019: -5%
2020: +47% (bull market)
2021: -18%
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2017: +39% (bull market)
2018: -6%
2019: -5%
2020: +47% (bull market)
2021: -18%
📍 Follow @Coins for the hottest news in crypto.
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Bybit announces layoff:
Bybit CEO: Difficult decision made today, but tough times demand tough decisions. I have just announced plans to reduce our workforce as part of an ongoing re-organisation of the business as we move to refocus our efforts for the deepening bear market.
Full thread: https://twitter.com/benbybit/status/1599275418502459392
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Bybit CEO: Difficult decision made today, but tough times demand tough decisions. I have just announced plans to reduce our workforce as part of an ongoing re-organisation of the business as we move to refocus our efforts for the deepening bear market.
Full thread: https://twitter.com/benbybit/status/1599275418502459392
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X (formerly Twitter)
Ben Zhou (@benbybit) on X
1) Difficult decision made today, but tough times demand tough decisions. I have just announced plans to reduce our workforce as part of an ongoing re-organisation of the business as we move to refocus our efforts for the deepening bear market.
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Caroline (Alameda CEO) is reportedly spoted in NYC.
She was in Hong Kong when this began.
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She was in Hong Kong when this began.
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Hedge Fund Veteran Mark Yusko Predicts Bitcoin Will Replace Gold, Unveils Massive BTC Price Target.
“There’s only one money in the world: gold. Everything else is credit, everything else is a currency. Currency is backed by debt.
Every central bank in the world has gold, some of them have less than they used to because they moved off the gold standard and went to a fiat standard where they could devalue the currency faster because they had too much debt, but where is the gold going? It’s going to China, which I believe will be the next global reserve currency, [but] it’ll eventually be Bitcoin.
In the future, Bitcoin wins because it is an asset that exists in the absence of a liability, which is what the definition of money is.”
Watch full interview here: https://www.youtube.com/watch?v=O8Cfe0KaODk&ab_channel=StansberryResearch
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“There’s only one money in the world: gold. Everything else is credit, everything else is a currency. Currency is backed by debt.
Every central bank in the world has gold, some of them have less than they used to because they moved off the gold standard and went to a fiat standard where they could devalue the currency faster because they had too much debt, but where is the gold going? It’s going to China, which I believe will be the next global reserve currency, [but] it’ll eventually be Bitcoin.
In the future, Bitcoin wins because it is an asset that exists in the absence of a liability, which is what the definition of money is.”
Watch full interview here: https://www.youtube.com/watch?v=O8Cfe0KaODk&ab_channel=StansberryResearch
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YouTube
Bitcoin Price to Face More Damage After FTX Disaster? Experts Yusko, McGlone, Wade Weigh-In
Going Digital features the latest news and insights in the Bitcoin and cryptocurrency world. Anchored by Daniela Cambone and HIVE's CFO Darcy Daubaras, they speak to some of the world's best-known Bitcoin experts on the fallout of FTX and more. Guests include:…
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Interesting stats from Reddit's Collectable Avatars (NFTs):
Nearly 255,000 Reddit Collectible Avatars were minted on Saturday, a new record that surpassed the more than 200,000 mints on both Aug. 30 and Aug. 31.
It brings the total number of Collectible Avatars — the term Reddit uses for its Polygon-based NFTs — in circulation to about 4.4 million.
Used as avatars on Reddit’s social networking platform, the polygon-based Collectible Avatars have been lauded as a successful introduction of NFTs to mainstream consumers.
The pieces sell for a fixed price rather than being auctioned and can only be paid for with fiat currencies. Its statement made no mention of NFTs.
The strategy appears to have paid off. While some of the Collectible Avatars have made their way onto secondary markets like OpenSea, most holders acquire them through minting on Reddit.
To date, there's only been about 40,000 recorded sales despite the millions of collectibles minted. More than 3.4 million holders have just one collectible in their wallets.
OS: https://opensea.io/category/reddit-collectible-avatars
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Nearly 255,000 Reddit Collectible Avatars were minted on Saturday, a new record that surpassed the more than 200,000 mints on both Aug. 30 and Aug. 31.
It brings the total number of Collectible Avatars — the term Reddit uses for its Polygon-based NFTs — in circulation to about 4.4 million.
Used as avatars on Reddit’s social networking platform, the polygon-based Collectible Avatars have been lauded as a successful introduction of NFTs to mainstream consumers.
The pieces sell for a fixed price rather than being auctioned and can only be paid for with fiat currencies. Its statement made no mention of NFTs.
The strategy appears to have paid off. While some of the Collectible Avatars have made their way onto secondary markets like OpenSea, most holders acquire them through minting on Reddit.
To date, there's only been about 40,000 recorded sales despite the millions of collectibles minted. More than 3.4 million holders have just one collectible in their wallets.
OS: https://opensea.io/category/reddit-collectible-avatars
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OpenSea
OpenSea, the largest NFT marketplace
OpenSea is the world's first and largest web3 marketplace for NFTs and crypto collectibles. Browse, create, buy, sell, and auction NFTs using OpenSea today.
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FTX’s LedgerX Up for Sale as Restructuring Process Picks Up.
Firm is one of few solvent pieces of crumbled crypto empire.
At least 10 firms have expressed interest in platform.
https://www.theblock.co/post/191947/ledgerx-for-sale-with-interest-from-blockchain-com-gemini-others-bloomberg
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Firm is one of few solvent pieces of crumbled crypto empire.
At least 10 firms have expressed interest in platform.
https://www.theblock.co/post/191947/ledgerx-for-sale-with-interest-from-blockchain-com-gemini-others-bloomberg
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The Block
LedgerX for sale, with interest from Blockchain.com, Gemini, others: Bloomberg
LedgerX is up for sale, with interest from Blockchain.com, Gemini and others.
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Coca-Cola teams up with Crypto.com to launch 10K NFTs.
NFTs are to be created based on 'heatmaps' from tournament matches.
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NFTs are to be created based on 'heatmaps' from tournament matches.
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