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IMF directors urge El Salvador to remove Bitcoin as legal tender

IMF directors urge El Salvador to remove Bitcoin as legal tender

Executive directors of the International Monetary Fund (IMF) have urged El Salvador to remove Bitcoin’s status as legal tender in the country, according to a Jan. 25 announcement from the organization. 

The post IMF directors urge El Salvador to remove Bitcoin as legal tender appeared first on The Block.

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Dragonfly Capital is raising $500 million for new fund

The new fund, dubbed Dragonfly Ventures III Feeder, will join a number of newly launched investment vehicles in the space.

The post Dragonfly Capital is raising $500 million for new fund appeared first on The Block.

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NFT market continues to shrug off broader macro rout

OpenSea hit a new record for monthly NFT volumes.

The post NFT market continues to shrug off broader macro rout appeared first on The Block.

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Rick and Morty co-creator collaborates with Paradigm on NFT research project

Rick and Morty’s co-creator is collaborating with crypto investment firm Paradigm on NFT research.

The post Rick and Morty co-creator collaborates with Paradigm on NFT research project appeared first on The Block.

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A look at decentralized OpenSea competitors

Quick Take

  • Capitalizing on users’ growing discontent with OpenSea, a new cohort of decentralized NFT marketplaces originated with the goal of dethroning OpenSea
  • With liquidity being the lifeblood of an NFT marketplace, these competitors cultivated ingenious liquidity incentive designs
  • The relative trading volume of most competitors is still dwarfed by OpenSea, with LooksRare emerging as the only potential threat so far

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How fintech SPACs lost their shine

Quick Take

  • SPAC deals have surged over the past year, with many fintech firms riding the wave of hype. 
  • Despite the red hot pipeline, experts in the market are now warning that, there is trouble ahead.

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Multichain vulnerability put a billion dollars at risk, says firm that found the bug

According to the security firm Dedaub, which disclosed the Multichain bug, the cross-chain exploit could have been “enormous.”

The post Multichain vulnerability put a billion dollars at risk, says firm that found the bug appeared first on The Block.

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Crypto art collector PleasrDAO is raising $69 million

PleasrDAO, a collective of crypto luminaries, is raising $69 million.

The post Crypto art collector PleasrDAO is raising $69 million appeared first on The Block.

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YouTube wants to help creators capitalize on NFTs

YouTube is exploring the idea of helping its content creators to capitalize on NFTs, according to YouTube CEO Susan Wojcicki.

The post YouTube wants to help creators capitalize on NFTs appeared first on The Block.

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OpenSea is reimbursing users who sold NFTs below market value due to UI issue

NFT marketplace OpenSea is reimbursing users who saw their NFTs getting sold below market value due to a UI design issue.

The post OpenSea is reimbursing users who sold NFTs below market value due to UI issue appeared first on The Block.

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