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Ethereum layer-2 developer Fluent Labs raised $8 million in a funding round led by Polychain Capital, with additional participation from six venture funds and seven angel investors. Fluent describes itself as a “blended execution network” because it seeks to remove siloes that constrain onchain virtual machines. It currently supports the Ethereum Virtual Machine, Solana Virtual Machine and WebAssembly applications.
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According to Doll, the threat of a gridlocked government could stifle regulations, and the current administration must push through pro-crypto policies while still in control of both chambers of Congress.
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The Pump.fun team has also confirmed the hack and is working to restore the account to its proper functionality.
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“For founders looking to work with us — yes, your tech needs to be solid, but we’re equally interested in how you adapt to what users actually need,” OKX Ventures’ Jeff Ren told Cointelegraph in a recent interview.
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https://warpcast.com/darcylo996/0x2a1b6494
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https://warpcast.com/darcylo996/0x6dbe625b
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The Bank of Italy and Consob highlighted banks’ liquidity risks as users increasingly use online applications to deposit and withdraw money. The duo is in discussions with crypto service providers that intend to operate in Italy:
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The Ethereum co-founder also reiterated the Ethereum Foundation's commitment to decentralization, neutrality, and censorship-resistance, while asserting that the Foundation would not engage in political lobbying.
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These included decentralized application developers, wallet providers, and layer-2 scaling networks building on the incumbent smart contract platform.
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Buterin outlined several goals designed to maximize technical expertise at the Foundation and increase communication between the organization and the many constituent parts of the Ethereum ecosystem.
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During the US elections in November, betting platforms proved more accurate than traditional polling, forecasting not only Trump’s win but also his party’s sweep of the US House and Senate.
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Eric Council Jr., the individual who allegedly hacked the United States Securities and Exchange Commission’s X account in January and posted a message suggesting that Bitcoin exchange-traded funds (ETFs) had been approved, will be allowed to travel for the holidays.
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However, an October survey of Salvadorans found that 92% don’t make transactions using Bitcoin, an increase from a 2023 survey that found 88% didn’t use Bitcoin for transactions.
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“Bitcoin use in El Salvador was always voluntary and its usage has never been higher and continues to grow,” Keiser said in another X post. “The IMF’s point is DOA [dead on arrival].”
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In reaction to the IMF’s announcement, Bukele’s Bitcoin adviser Max Keiser said on X of the IMF that “nobody pays attention to these assh****” and called the agreement “bureaucratic, meaningless, nonsense.”
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The IMF has long called on Bukele to drop its Bitcoin plans, saying the speculative nature of the cryptocurrency could put the country at risk.
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“We will keep buying one Bitcoin a day (likely even more in the future), and we will not sell any of our current holdings,” said the spokesperson, who added: “The plans for the Bitcoin Office remain the same as Bitcoin continues to be our main strategy.”
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A National Bitcoin Office spokesperson told Cointelegraph that the country “will keep accumulating Bitcoin.”
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El Salvador began buying Bitcoin in 2021 with the country’s National Bitcoin Office’s tracker showing it currently holds 5,968.8 Bitcoin, worth about $602 million.
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IMF also said taxes will be paid in US dollars — the country’s official currency — and government involvement in the state-backed crypto wallet Chivo “will be gradually unwound.”
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