Bitcoin Software Company Synonym Launches Bitkit, a Bitcon Wallet Powered by Slashtags Protocol

“Bitkit isn’t a typical Bitcoin app. Anyone can now take their digital lives with them wherever they go, obsoleting Big Tech’s walled gardens and data surveillance,” said Paolo Ardoino, CSO of Synonym, in a release provided to CoinDesk. Ardino is also the chief technology officer (CTO) of Tether, crypto’s biggest stablecoin by market capitalization.

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Bitcoin metric warns of $21K profit-taking as decade-old BTC wakes up

Bitcoin (BTC) asleep for up to a decade is waking up this week as BTC price action sees six-week highs. Data from on-chain analytics firm Glassnode shows some of the oldest “dormant” Bitcoin returning to circulation. BTC trends out of hibernation As BTC/USD stages something of a comeback in the second half of October, hodlers […]

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How to earn passive crypto income with Ethereum?

The cryptocurrency market is incredibly volatile, which can be both good and bad for investors and traders. Volatility creates opportunities for making profits, but it can also lead to losses. Passive income strategies, however, could be handy in offsetting these losses.  Passive income strategies offer investors and traders opportunities to earn profits, even during challenging […]

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Metaverse schooling to help Japanese city combat growing absenteeism

The Japanese city of Toda, Saitama, adopted a metaverse-schooling service to encourage students — especially those staying far away from school — to attend their classes.  The metaverse schooling service opted for by the city of Toda allows students to explore the campus and study in virtual classrooms. However, the students must get approval from […]

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Bitcoin hits new 6-week high as Ethereum liquidates $240M more shorts

Bitcoin (BTC) attempted to retake $21,000 on Oct. 29 as weekend trading began on a strong footing. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar lurks as BTC price rebounds Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it rebounded overnight to local highs of $21,078 on Bitstamp — enough to clinch new […]

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The Merge brings down Ethereum’s network power consumption by over 99.9%

The Merge, which is considered one of the most significant blockchain upgrades on Ethereum (ETH) to date, brought down the network’s energy consumption by 99.9% immediately. On Sept. 15, the Ethereum blockchain migrated from proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism in an effort to transition into a green blockchain. What followed was an […]

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Cosmos Hub postpones vote date following white paper revision

An updated version of the Cosmos Hub white paper went live on October 29, with the community now set to vote on the document. According to the project, concerns related to the issuance model of Cosmos (ATOM) were addressed in the new revision, among other issues.  The paper’s first version was published in September, proposing a redesigned […]

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Crypto Lobbyist Group Blockchain Association Asks Court for Permission to Support Ripple Against SEC Case

The SEC sued Ripple at the end of 2020 on allegations that it sold XRP as an unregistered security. The case has gone through a number of procedural motions since, and the parties recently filed their motions for summary judgement. On Friday, the Blockchain Association asked the court overseeing the case for permission to join […]

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UK Prime Minister Rishi Sunak’s win was a victory for crypto

A former investment banker turned savvy politician, Rishi Sunak has had an incredibly prolific career in just a short period of time. At only 42, he has served as a member of the United Kingdom’s Parliament, chief secretary to the treasury and chancellor of the exchequer — and now, he’s starting his tenure as prime […]

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Terra co-founder Do Kwon faces $57-million lawsuit in Singapore

Do Kwon, the co-founder of Terraform Labs who may be facing legal actions in South Korea and the United States, is the target of a lawsuit in Singapore along with the Luna Foundation Guard (LFG) and Terra founding member Nicholas Platias. In a lawsuit filed in Singapore’s high court on Sept. 23, 359 individuals allege […]

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