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Category Archive : Crypto News

As ZK Tech Booms in Crypto, Developers Must Consider User Safety

Zero Knowledge proofs offer robust security and scaling for the latest crypto products. OpenZeppelin’s Stephen Webber writes about how developers could build more secure ZK proofs.

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Author: Stephen Webber

Decentralized Exchange Camelot Crosses $100M in TVL Ahead of Arbitrum Airdrop

Several on-chain metrics highlight Camelot’s growth ahead of Arbitrum’s ARB airdrop Thursday.

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Author: Sage D. Young

Creators Behind Web3 Game Aavegotchi Raise $30M in Multi-Year Long Token Sale

The sale, which began September 2020, ended Monday over concerns of the stability of the DAI stablecoin.

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Author: Cam Thompson

Core Scientific Bankruptcy Judge Approves Transfer of Over $20M of Equipment to Its Exclusive Energy Negotiator

Core Scientific had stopped paying Priority Power Management in May 2022.

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Author: Eliza Gkritsi

DefiLlama says it’s not planning a token, apologizes for LLAMA drama

DefiLlama is not planning a LLAMA token, the decentralized finance platform said on Twitter after an internal conflict spilled into public view over the weekend. 

“There is no LLAMA token currently planned, and any airdrop will be discussed with the community, as every important decision is,” DefiLlama said in a Twitter thread. 

A pseudonymous DefiLlama employee, 0xngmi, forked a version of the blockchain data platform over the weekend after accusing the company’s founders of launching a token without support.  A day earlier, DefiLlama hinted about a token airdrop on Twitter, something that some contributors said would go against much of the team’s wishes.  

“We would like to put what happened behind us,” DefiLlama wrote on Monday. “The DeFiLlama team would like to apologize for the events that unfolded yesterday, as a result of poor communication and a misunderstanding within the team.”

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Author: Stephanie Murray

Bitcoin mining report: March 20

Bitcoin mining stocks tracked by The Block were mixed on Monday, with 11 gaining and the other eight declining.

Bitcoin fell 1.6% to $27,927 by market close.

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Author: Catarina Moura

U.S. Supreme Court to Hear First Ever Crypto Case Tomorrow

The U.S. Supreme Court will hear arguments in its first ever crypto-related case on Tuesday, when lawyers for San Francisco-based crypto exchange Coinbase will attempt to convince the nine Justices to pause a pair of class action lawsuits against the exchange.

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Author: Cheyenne Ligon

Coinbase No Longer Supporting Signature Bank’s Signet Network: WSJ

The fate of Signet has been unclear since Signature Bank was shut down by New York State regulators last weekend.

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Author: Nelson Wang

Eva Beylin: NFTs Are Empowering to Artists

The director of The Graph Foundation and a speaker at this year’s Consensus festival, on why NFT artists should get royalty payments and why online pseudonymity matters.

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Author: Prachi Vashisht

Digital Asset Outflows Continue for 6th Week Despite Bitcoin Price Surge

The data may reflect investors’ need for liquidity during the banking crisis, a CoinShares report says.

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Author: Lyllah Ledesma