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2022-12-25 20:51:59 JPMorgan: Crypto Is a Nonexistent Asset Class for Most Large Institutional Investors

A strategist at global investment bank JPMorgan says crypto is effectively nonexistent as an asset class for most large institutional investors. “The volatility is too high, the lack of an intrinsic return that you can point to makes it very challenging,” he added. JPMorgan Asset Management’s head of institutional portfolio strategy, Jared Gross, discussed crypto and institutional investors’ interest in the asset class on Bloomberg Friday. The senior investment strategist described.Gross added that it is “self-evident” that bitcoin has not proven itself to be a form of digital gold or haven asset like some have hoped.

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2022-12-25 20:13:59 The Helium Foundation broke down key points from a Solana Transition AMA

The upcoming migration of the Helium ecosystem to the Solana blockchain obviously has fundamental implications for the Internet of Things (IoT) telecom platform and community.The AMA covered a range of topics relevant to the transition, including the status of development, governance protocols, and migration of tokens and Hotspots. According to CoinMarketCap, Helium (HNT) is a decentralized blockchain-powered network for the Internet of Things (IoT) devices. Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes. Nodes come in the form of so-called Hotspots, a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Helium’s native cryptocurrency token, HNT. Helium aims to prepare IoT communication for the future, identifying inadequacies in current infrastructure from its birth in 2013.

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2022-12-25 20:07:03 Paxos recovers $20 million in gold tokens stolen in the FTX hack -Link

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2022-12-25 19:51:59 Tron Network Launches Chinese Currency-pegged Stablecoin TCNH

The Tron network (TRX) is launching the equivalent of a central bank digital currency (CBDC) on the blockchain with the Chinese currency, TrueCNH (TCNH). According to reports, TCNH will be issued by the TrueUSD team, which currently administers TUSD stablecoin with over a $753,611,088 market cap. Notably, the TRX network has a native algorithmic stablecoin called USDD, trading at $0.9826. The algorithmic stablecoin lost its $1 peg early last month in the height of crypto FUD, given the bankruptcy of the FTX exchange.Similarly, the Cardano blockchain recently teamed up with COTI, a layer-one protocol, to establish an over-collateralized algorithmic stablecoin, DJED. The stablecoin will go live on.The post Tron Network Launches Chinese Currency-pegged Stablecoin TCNH appeared first on Coin Edition.

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2022-12-25 04:25:00 Starbucks’ NFT Initiative Could Encourage More Big-Brand Digital Collectible Integrations

Starbucks Rewards, the company’s reward program, is among the best in the business, largely because of how successfully it has adapted to new technologies like the Starbucks App. The concept of “building the digital Third Place” was outlined in May by Starbucks’ chief marketing officer Brady Brewer and adviser Adam Brotman, who has experience working on the retailer’s past digital efforts. (People hang out in areas other than their homes and places of employment, known as “Third Places” in Starbucks.The piece published on Starbucks Stories.

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2022-12-24 23:25:00 Helium (HNT/USD), a cryptocurrency ranked #91 by market cap, rose by 36% before shedding nearly half of the gains

Helium is a blockchain-powered network that was created in July 2019. It is made to power Internet of Things devices. For instance, it enables wireless devices to communicate and share data through its nodes or “hotspots.” The network also lets users profitably earn by sharing their broadband.You would be forgiven for thinking that Helium is less used. Companies that use the IoT technology service of Helium include Abeeway, Agulus, and Airly. The network has been witnessing increasing growth and now connects nearly 1,000k hotspots. In September, Helium announced a migration to Solana to grow its ecosystem. That was after more than 6,000 members voted in favour. The goal of moving to Solana was inspired by the need to cut reliance entirely on its network.While Helium token price could be earning boosts from the recent changes, the price is unconvincing. Trading at just $2.0, HNT remains on a clear downtrend. The cryptocurrency has lost 96% of value since its $57 all-time high price in November 2021. The cryptocurrency faces resistance at the 50-day MA.

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2022-12-24 23:00:02 According to Forbes’ estimates, 17 of #crypto wealthiest investors and founders have collectively lost an estimated $116 billion in personal wealth since March. Fifteen of them have lost more than half their fortune over the past nine months.

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2022-12-24 20:49:23 NFT marketplace OpenSea delisting Cuban artists and users: Artnet

Leading NFT marketplace OpenSea is actively delisting Cuban artists and users to comply with U.S. sanctions. prohibit sanctioned individuals, individuals in sanctioned jurisdictions, or services from using OpenSea.” The confirmation came after Twitter account NFTcuba.ART shared a screenshot of an email explaining that an account had been "disabled due to activity that goes against our Terms of Service.". Earlier this month, Reuters reported that the U.S. Justice Department was weighing the possibility of charging the biggest crypto exchange, Binance, with money laundering and sanctions violations.

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2022-12-24 19:49:03 US Judge assigned to the SBF case steps down due to her husband's law firm previously advising #FTX.

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2022-12-24 19:00:15 Tornado Cash developer seeks $240K salary to resurrect protocol -Link

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