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Opinion: The Resilience of Bitcoin Is Truly Astounding

We are beginning to sound like a broken record at this stage, but it’s worth mentioning again that 2022 was arguably the worst year for the crypto space. Bitcoin, for example, lost more than 70 percent of its value. The world’s number one digital currency by market cap fell from an all-time high of about $68,000 per unit in November of 2021 to about $16,000 just 12 months later. Bitcoin Has Remained Upright It was a sad and ugly sight to see, and the crypto space lost...

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SEC Cracks Down on Crypto Staking, BTC Loses $23K Mark but Bitcoin NFTs Soar: This Week’s Recap

The past seven days saw the cryptocurrency market decline considerably and lose around $60 billion of its total capitalization. This came on the back of a regulatory crackdown on behalf of the United States Securities and Exchange Commission toward cryptocurrency staking. It all started a couple of days back when a report suggested that the SEC is targeting the crypto exchange Kraken to allege that its staking offerings represented unregistered securities. The following day,...

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FTX Hack Resulted in a Lot More Money Being Stolen

The panic surrounding FTX just got a lot bigger. As if the company doesn’t have enough problems to deal with, it is alleged that as much as $415 million in crypto funds were stolen from the exchange in a hack just after it began its bankruptcy proceedings. FTX Has Lost More Money Than Originally Reported The idea that FTX was attacked by cyberthieves is not new. Several sources have been talking about this for weeks, though initially, the stolen amount was believed to be...

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Messari Releases Q4 2022 State of TRON and State of USDD Reports

[PRESS RELEASE – Geneva, Switzerland, 10th February 2023] Messari, a leading provider of blockchain research and data analysis, has released its quarterly reports on the State of TRON and the State of USDD for the fourth quarter of 2022. STATE of USDD Their first report, “State of USDD Q4 2022,” showcases the performance of USDD, a stablecoin pegged to the US dollar, managed by the TRON DAO Reserve, and circulating on multiple blockchains, including TRON, Ethereum, and...

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Optimism Airdrops $30M Worth of OP Tokens, Price Plunges 13% Daily

The long-awaited second airdrop of Ethereum’s layer-two scaling solution – Optimism – is here. The protocol distributed a total of 11.7 million OP tokens to over 300,000 addresses. The price of OP dropped after the announcement. Many have been expecting the second airdrop of the popular Ethereum layer-two scaling solution, Optimism. The first one saw around 200 million OP tokens airdropped to 250,000 early adopters, and some of them received up to $20K worth of tokens on the...

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Binance Aims to Improve Proof-of-Reserve System With zk-SNARKs

Binance said earlier today it had introduced zk-SNARKs to its proof-of-reserve system in an attempt to make it easier for users and other entities to verify its solvency. Additionally, the exchange has added four new crypto assets to its PoR system. Ever since the loud collapse of FTX in late 2022, cryptocurrency exchanges have rushed to prove the assets held on their platforms. Binance was among the first to introduce such a feature, initially utilizing only Merkle Tree....

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