Key Points: Democratic Party supports South Korean spot Bitcoin ETFs, while the ruling party raises concerns. Debate continues post-election as financial authorities deliberate on the issue. Regulatory hurdles persist, with warnings against brokering overseas-listed Bitcoin ETFs. According to Yonhap News, The opposition Democratic Party of South Korea has unveiled plans to greenlight the domestic issuance,…
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Key Points: Pandora announces upgraded Pandora ERC-404, inviting developer input. ERC-404 combines ERC-20 tokens and NFTs, yet questions remain about its liquidity and security. PeckShield’s code inspection found no major vulnerabilities in Pandora, while Etherscan’s attention to metadata suggests forthcoming full support for Pandora ERC-404 contracts Pandora is gearing up for the official release of…
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The government asked CZ to surrender his Canadian passport and “all other current and expired passports and travel documents” to his counsel, who was expected to oppose the motion. The United States Attorney’s Office has requested that a federal judge approve additional travel restrictions for former Binance CEO Changpeng “CZ” Zhao. In a Feb. 23 filing…
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Explore Helium miner, a decentralized device that earns cryptocurrency by providing IoT network coverage and validating transactions. Mining helps verify the legitimacy of transactions conducted via a blockchain network, such as the Bitcoin blockchain. Miners can start mining cryptocurrencies using hardware like a central processing unit (CPU) or application-specific integrated circuits (ASICs). Alternatively, they can use smartphones…
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Key Points: The country blocks access to Nigerian crypto exchanges amid naira’s record lows. Telecommunications providers enforce restrictions on platforms like Binance, Coinbase, and Kraken. The government seeks to control the naira valuation, reflecting the global regulatory trend post-2022 crypto crash. Nigeria has implemented stringent measures in an attempt to stabilize its plummeting national currency,…
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Key Points: Starknet’s STRK token surged 10% as StarkWare addressed community concerns by reducing April’s token unlock. Over 700 million tokens were airdropped, sparking worries of potential dumping by stakeholders. The revised Starkware token unlock schedule includes gradual monthly unlocks, starting with 64 million tokens in April, aiming to stabilize the market. Starknet’s STRK token…
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BTC futures open interest approaches a record high and today’s sharp sell-off triggered alarm from traders. Bitcoin took a shot at $53,000 on Feb. 20, briefly surpassing $52,900 before correcting as the result of $50 million in leveraged long liquidations. Nevertheless, even with a drop to $50,750, Bitcoin futures open interest remains at $23.7 billion, which…
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Tether did not make a specific comment on whether it plans to drop support for Tron after rival Circle dumped the network over safety concerns. Stablecoin issuer Tether didn’t provide a definitive answer on whether or not it would cease support for the Tron network after its rival Circle ceased minting its stablecoin on the…
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Key Points: Vitalik Buterin advocates for enhancing Layer 1 Ethereum features to simplify Layer 2 solutions. Buterin’s ongoing discussions underscore the dynamic nature of Ethereum’s scalability solutions. Ethereum co-founder Vitalik Buterin continues to engage with the challenges facing Layer 2 solutions while emphasizing the need for ongoing improvements in Layer 1 Ethereum features. Navigating…
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Binance urged users to convert and redeem their tokens into other assets before the deadline. Crypto exchange Binance has said it will cease support for some of its leveraged tokens linked to Bitcoin and BNB Binance announced the decision to end support for leveraged tokens paired with Tether on Feb. 19. The leveraged tokens affected include BTCUP and…
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