Cryptocurrency prices take another hit in downward spiral
Macroeconomic factors and a spate of bad news override bullish outlook in crypto market as the year lurches toward its end.
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Elon Musk named Time Person of the Year
One of the most influential cheerleaders for cryptocurrency is named Time’s 2021 Person of the Year for his work on electric cars and space rockets.
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US SPAC Crypto 1 closes IPO, says won’t pursue ‘business combinations’ with any Hong Kong crypto firms
Crypto 1 Acquisition Corp., a U.S.-incorporated blank check company, has completed its initial public offering (IPO) with gross proceeds of US$230 million, according to a company statement released Friday. Fast facts The company’s units commenced trading on the Nasdaq Global Market under the ticker symbol “DAOOU” on Dec. 7. Acting as a special purpose acquisition…
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Solana suffers network slowdown, raising questions around proof of history
Confusion surrounded the Solana blockchain community over the weekend as a sudden drop in transaction speeds was initially believed to be a distributed denial of service (DDoS) attack, resulting in a lengthy debate as to the cause of the delay. Fast facts Solana-based non-fungible token (NFT) platform Blockasset was one of the first to highlight…
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Shiba Inu now accepted at GameStop, Lowe’s and Nordstrom via Gemini-backed Flexa
It’s come full circle: Shiba Inu holders can now spend their SHIB at GameStop — the company that helped trigger the memecoin trend.
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INX exec says crypto CEOs should talk to the SEC
Chief business officer of the first SEC-registered digital security says crypto companies got caught with their hands in the cookie jar.
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Here comes the crypto derivatives boom
Investment banks’ hunger for a new revenue stream is likely to drive up the popularity and registration of crypto derivatives products.
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Shinhan, Standard banks demo cross-border stablecoin remittance
The transaction, using the Hedera Consensus Service network, bypasses intermediaries, lowering fees.
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What is Polygon (MATIC) — ‘Ethereum’s internet of blockchains’?
Polygon envisions a world where value can be exchanged without borders. In this Forkast.News explainer, find out how Polygon works and why its MATIC token is defying crypto market gravity — again.
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Top crypto CEOs face House committee grappling with regulations
Stablecoins, US dollar primacy and energy consumption were among the topics in the questioning homing in on how to regulate the crypto industry.