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2022-10-01 12:50:07 MicroStrategy Looking to Hire Bitcoin Lightning Software Engineer

Lightning Network may have stagnated as part of the broader market downturn, but Microstrategy is betting big on it. Prominent business intelligence and software company MicroStrategy is looking to hire a software engineer to develop a Lightning Network-based SaaS platform. This comes shortly after the firm’s former CEO – Michael Saylor – stepped down. According to its job listing, the company has advertised for a position that seeks an experienced software developer for a new platform that will be developed to offer enterprises “innovative solutions to cyber-security challenges and enabling new e-commerce use cases.”. The recruit will be tasked with building software solutions utilizing Bitcoin Blockchain and Lightning Network or other decentralized finance technologies.

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2022-10-01 08:03:02 Uniswap Labs rumored to be raising $100M in funding at a $1B valuation

TechCrunch has released information stating that the parent company of the Uniswap DEX, Uniswap Labs, is preparing for a new $100 million funding round to expand its offering. The tech news outlet could not cite sources for the information but claimed that “four sources familiar with the matter” have confirmed the report. Ethereum founder Vitalik Buterin also commented on the strength of the Uniswap platform, arguing that its value proposition allows for trades to be completed in 30 seconds. The comment was made about a post promoting the future popularity of app chains and the “inevitability of UNIchain.”. The UNI token is trading up 2.3% on the day following the news after being up 7.5% in early morning trading. The token is down 66% since the start of the year but down only 9% against Bitcoin over the same period.

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2022-10-01 03:03:02 Theta upgrade goes live to support wTHETA as TNT20 token

Theta Labs (THETA) successfully deployed the Theta v3.4.0 upgrade at block height 17285755, which supports wrapped THETA (wTHETA) as a TNT20 token. This upgrade was key for the launch of the Theta Metachain, which is expected to happen in December 2022. The announcement also included detailed guidance on wrapping and unwrapping THETAs. Token holders can wrap and unwrap using their Theta Web Wallet. Theta Labs is a blockchain-based video distribution platform with a significant NFT community that includes names like Katy Perry and Sony. The protocol has been expanding its partner ecosystem since the beginning of the year.

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2022-09-30 22:00:35 Binance Global Expansion Continues with Move Down Under

In an address to the Binance community, company founder Changpeng Zhao (CZ) has announced that the world’s biggest exchange will now expand into New Zealand. In a short video released on the Binance Twitter page on Thursday, CZ expressed excitement at the prospect of furthering the crypto industry in the country. The arrival of Binance in New Zealand marks another chapter in the rapid growth of the financial goliath. In recent months the company has made moves to become a registered player in a number of regions including France, Italy and Spain.

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2022-09-30 15:50:04 Russia agrees on draft crypto mining law in energy-rich regions

Russian authorities have resorted to working on regulatory clarity that will affect the country’s crypto mining space, spelling out conditions operators must adhere to. According to the country’s Deputy Finance Minister Alexei Moiseev, if the law which is set to be presented before the State Duma is adopted, it will come into effect during the autumn session. Bank of Russia, alongside the Ministry of Finance, are collaborating on drafting a law that will guide crypto mining with the main focus on areas where the activity should be allowed, Russian outlet RBC reported on September 29.

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2022-09-27 03:29:02 EthereumPoW (ETHW) Price Tanks 20% Despite KuCoin Listing

New exchange listings typically act as a catalyst for token rallies in the cryptocurrency space. While a similar outcome was expected for EthereumPoW (ETHW) after the Merge, events haven’t panned out as anticipated. Despite a listing on KuCoin, ETHW has failed to keep afloat above key support levels. ETHW is a Layer 1 blockchain that preserves the pre-merge PoW consensus. Amid continued support from ETH miners, Ethereum hard fork token (ETHW), has had its share of social anticipation since the Merge, however, social anticipation has failed to provide a cushion to prices.

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2022-09-26 21:40:00 Binance Aims for License to Operate in Japan 4 Years After Leaving

The world’s largest crypto exchange is reportedly enthused by the relaxing crypto regulatory environment in Japan. The renewed interest from the world’s largest crypto trading platform in Japan follows the relaxing crypto laws in the world’s third largest economy under Prime Minister Fumio Kishida. As per a Bloomberg report, Binance’s interest in re-entering the Japanese market is guided by the country’s new economic policy that promises a fair share to the digital assets industry. Admitting that the company was in talks with the Japanese regulators, a Binance spokesperson refused to divulge details saying it would be inappropriate to comment on an ongoing dialogue. Around the same time, the country adopted a stablecoin regulation law and recognized stablecoins as digital money.

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2022-09-26 15:36:45 Value Locked in Defi Drops to Lows Not Seen Since March, Ethereum Dominates TVL by 57%

The state of decentralized finance (defi) in terms of total value locked (TVL) has been tumultuous, to say the least, and currently the TVL in defi today is approximately $54.95 billion. The TVL has not been this low in over five months since March 29, and the most dominant defi protocol today is Makerdao, leading the pack by 13.27%. At the time of writing, the top smart contract platform coins by market capitalization are up against the U.S. dollar in value, roughly by 0.6%, and the smart contract token economy is valued at $296 billion. While smart contract tokens improved during the last 24 hours, the state of defi has been at the lowest value since March 29, 2022. Ethereum is followed by Tron’s $5.41 billion and the $5.38 billion held by Binance Smart Chain (BSC) defi protocols.

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2022-09-26 08:30:00 Moscow Exchange Suggests Issuing Crypto Receipts for Those Afraid of Blockchain

The Moscow Exchange has proposed to legalize the issuance of receipts for digital financial assets. The trading platform says this will allow custodians to offer clients who are not ready for distributed ledgers to essentially work with securities. MOEX also plans to become a licensed crypto exchange operator. The leading exchange for equities and derivatives in Russia has drafted new legislation that would authorize depositories to issue receipts for digital financial assets (DFAs). In current Russian law, the broad term ‘DFAs’ encompasses cryptocurrencies in the absence of a more precise definition.

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2022-09-26 02:03:01 Ethereum Sees 98% Decrease in ETH Issuance Since Merge

The number of Ethereum being issued daily has drastically been cut since the Merge, on-chain data show, suggesting that the asset is on its way to becoming deflationary. According to data from Ultra Sound Money, Ethereum’s issuance rate has fallen by 98% since the Merge. Since its transition, the network’s supply has grown by 7,385.47 ETH, whereas if it were still running on the Proof-of-Work (PoW) consensus model, it would have added 128,422.13 ETH. Some have argued that the decline in token issuance is not just a result of the transition to PoS. They have attributed this change to reduced activity on the Ethereum network, which means gas fees are also lower.

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