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Blockchain ecosystems like Ethereum and Polkadot are prime examples of how decentralized technologies can enable a wide range of real-world use cases, from financial transactions to community-driven projects. This same principle can be applied to internet infrastructure, creating networks immune to corporate gatekeeping and censorship.
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This hack prompted Uranium to create a second version, which launched on April 16 before being exploited around 12 days later.
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“Insiders’ took profits, retail got burned, and key backers distanced themselves,” the firm noted. “A handful of wallets walked away with millions, while most traders were left with deep losses.”
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https://warpcast.com/jonesruby5339/0x4169e0aa
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https://warpcast.com/jonesruby5339/0xe0a013bf
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The bill entered the Legislative Council on Dec. 6, 2024, and had its first of three readings on Dec. 18. If enacted, it will require stablecoin issuers to obtain an HKMA license and comply with reserve and price stability requirements.
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The venture will apply for a license under Hong Kong’s proposed stablecoin bill, which is still under review.
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At the time of this writing, TRUMP is trading at around $27, down by 19% from the all-time high, and has captured narrative attention on social media and in the crypto community.
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Since launching on Jan. 17, the Trump token surged by over 12,500% and hit a high of approximately $35 on Jan. 18 before falling down by roughly 35%.
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However, the memecoin was later confirmed as authentic by the Trump family — driving the price of the token higher.
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Accelerating stablecoin adoption is particularly bullish for decentralized finance (DeFi), as “stablecoins are the on-ramp to decentralized finance,” Citi said.
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Federal Bureau of Investigation officials arrested Council in Alabama on Oct. 17. He has pleaded not guilty to one count of conspiracy to commit aggravated identity theft and access device fraud.
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In his order, Nicholas said he was “satisfied that Bit Trade’s contraventions were serious and motivated by a desire to maximize revenue.”
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“This is a significant outcome,” Longo said. “It is ASIC’s first penalty against an entity for failing to have a TMD and a reminder for digital assets firms to consider their regulatory compliance obligations.”
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Longo added that over 1,100 Australians used the product, were charged over $7 million in fees and interest, and lost over $5 million, “including one investor who lost almost US$4 million.”
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Bitcoin-stacking firms BlackRock and MARA Holdings bought a combined 9,173 Bitcoin while an unknown whale scooped up 600 Bitcoin as the cryptocurrency’s price fell to $92,957 on Dec. 5.
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“The Bitcoin reserve is good, but it does not solve the problem,” Roy said, “You still have to actually do the budgetary reforms to get us out of this $2 trillion a year of federal deficits.”
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Avik Roy, president of the think tank the Foundation for Research on Equal Opportunity, said at a crypto summit last month that it is “an overselling of what Bitcoin could do.”
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Lummis’s Bitcoin reserve push is centered around addressing the country’s $36 trillion national debt.
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Summers served as treasury secretary between 1999 and 2001 under the Clinton administration and, in 2016, had a stint as an adviser to the crypto conglomerate Digital Currency Group (DCG).
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