The administration is expected to recommend Congress draft legislation for a special-purpose charter for stablecoin issuers
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On this episode of The Scoop, Sky Mavis Games Co-Founder and Growth Lead Jeff ‘Jiho’ Zirlin joined Frank Chaparro at the 2021 Mainnet Conference to discuss their game Axie Infinity. Chaparro and Zirlin cover Axie’s recent growth in popularity, kicking off the ‘Play-To-Earn’ trend in gaming, and how Axie Infinity players in the Philippines and […]
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Axie Infinity is launching a DEX.
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The attackers used a flaw in Coinbase’s authentication system to gain access to user accounts and moved funds off of the exchange.
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Chervinsky was careful to specify that his departure plans pre-date Compound’s mistaken rewards distribution.
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Quick Take
- This research piece dissects the mechanics behind Olympus DAO and analyzes its performance in the last six months
- Olympus issues OHM tokens that are backed by collaterals while allowing the token to trade at a significant premium on the open market
- Olympus accrues collaterals mainly by selling vested and inflationary OHM tokens at a below-market price
- Olympus generates artificial demand that encourages holders to stake and auto-compound their OHM via inflationary means
Women at Revolut, the $33 billion British neobank, are paid 69p for every £1 earned by their male employees in the United Kingdom.
The post Revolut trails rival neobanks in gender pay appeared first on The Block.
Quick Take
- Most metrics continued to recover in September. Ethereum metrics generally exhibited a higher beta.
- Total adjusted on-chain volume increased by 33% to $691.7 billion.
- Stablecoin supply grew slightly by 6.6% to a new all-time high of $120.5 billion.
- Centralized exchange spot trading volumes increased by 13.6% to $1.247 trillion.
The price of bitcoin has shot up today, reaching highs just shy of $48,000 within hours. This comes as El Salvador starts mining bitcoin.
The post Bitcoin price shoots up toward $48,000, adding $4,000 within hours appeared first on The Block.
El Salvador has mined its first amount of bitcoin using geothermal energy from volcanos, its president announced today.
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