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Binance-Celsius halted Bitcoin trading Bitcoin and other cryptocurrencies fell further on Tuesday as investors fled riskier assets in expectation of substantial increases in interest rates to combat inflation. Two of the world’s largest cryptocurrency exchanges banned operations on Monday as the broader market implosion proceeded apace. The Celsius Network, which …
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Bitcoin Bank Custodia Sues Fed, Demands Master Account The Custodia’s complaint alleges “illegal” delays in the bank’s approval procedure for a master account with the Federal Reserve, which would reduce costs and risks. Custodia, a Bitcoin bank, is suing the Federal Reserve for delaying the approval procedure for a “Master …
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Under the founder’s idea, Terra blockchain will divide On Wednesday (May 25), the founder of the unstable Terra ecosystem submitted a plan to save the project, averting the catastrophic collapse of one of the most closely followed experiments in decentralized finance. Developers will establish a new Terra blockchain with a …
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Coinbase Asking Staff to Rate Each Other After Interactions After meetings and other encounters, employees are apparently asked to rate one another on how well they embody 10 fundamental values. As part of an app-based trial program, Coinbase is apparently asking employees to score each other after interactions. According to …
TIM EDITORIAL
Balenciaga accepts cryptocurrencies Balenciaga will now accept major cryptocurrencies as formal payment, joining the ranks of luxury stores such as Gucci and Tag Heuer. “Balenciaga is thinking long-term about crypto, and currency value changes are nothing new,” the firm said in a report by Women’s Wear Daily. Cryptocurrency and its …
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Dubai-based charity feeds 300 kids for Lifetime A nonprofit based in Dubai has raised funding for a farm in Malawi that will feed 300 children for the rest of their lives. Children will receive assistance with their educational needs in addition to hot meals and a safe place to stay. …
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Walmart’s largest stock drop in 35 years cost the Walton family $19 billion on Tuesday. The Waltons are the richest family in the world, with five members owning slightly under half of Walmart. According to Bloomberg, they lost a combined $19 billion on Tuesday after Walmart disclosed poor quarterly results. …
TIM EDITORIAL
Before Terra’s $60 Billion Crash, There Was A Man Who Warned The World In the crypto sector, hacks, frauds, Ponzi schemes, rug pulls, and crashes are all well-known problems. The recent collapse of the Terra ecosystem and its UST stable coin, on the other hand, appears to be unique. Terra …
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The Coinbase Founder’s Net Worth Has Dropped 84 Percent Coinbase, the largest US crypto exchange, has also seen its value plummet. Since April 21, Coinbase’s stock has dropped 84 percent, and founder Brian Armstrong’s net worth has dropped to $2.2 billion from $13.7 billion in November. Brian Armstrong, the creator …
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Bitcoin has dropped below $30,000, a 55% drop from its peak. The worldwide cryptographic money market entered its most horrendously terrible part ever on Tuesday, with Bitcoin dipping under $30,000 per coin and leaving a huge number of merchants in a frenzy mode. The complete worldwide cryptographic money market dropped …
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