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2022-11-06 22:40:09 Crypto.com unveiled as FIFA World Cup Qatar 2022 Official Sponsor

FIFA has announced that Crypto.com will be an Official Sponsor of the FIFA World Cup Qatar 2022 . The company will be the exclusive cryptocurrency trading platform sponsor of Qatar 2022 and will benefit from significant branding exposure both within and outside the tournament’s stadiums. Founded in 2016, Crypto.com today serves more than 10 million customers and has over 4,000 employees across its offices in the Americas, Europe and Asia. The company, which is built on a foundation of security, privacy and compliance, is designed to accelerate the global adoption of cryptocurrencies through its service offerings.

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2022-11-05 22:10:11 Pre-production Solana phone to ship to developers in December

Pre-production versions of the Solana phone will be shipped to developers from Dec. 15, as the phone gears up for introduction in early 2023. Around 3,500 developer-focused kits have been manufactured and are boxed up, according to an update at Breakpoint, Lisbon. The last hurdle is the release software that’s going through final testing. The phones will let developers in the Solana ecosystem test decentralized applications for the Solana dApp store. They will also let developers try out the Solana Mobile Stack and the Seed Vault, the way the phone stores private keys.

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2022-11-04 22:10:05 Developers of pNetwork bridge drain $4.3 million from PancakeSwap in 'white hat' attack

The developers of pNetwork, an independent cross-chain bridge protocol used to transfer assets across different chains, ethically took $4.3 million in pgala (pegged gala) tokens that it had issued to bridge users. These tokens, issued by pNetwork itself, represent a 1:1 tokenized version of the gala tokens used in play-to-earn project Gala Games. The pgala tokens are maintained via smart contracts controlled by the pNetwork team, and can be traded on decentralized exchanges on BNB Chain, including PancakeSwap. Today, the team said that it had discovered a misconfiguration that could allow anyone to steal from the pgala smart contract. Because of this, the contract had to be urgently patched and redeployed.

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2022-11-03 21:49:59 Fidelity turns its attention to retail investors with new crypto offering

The investment powerhouse opened up a waiting list for Fidelity Crypto, which it says will offer commission-free trading of bitcoin and ether alongside traditional stock investments in one app. Other cryptocurrencies are being evaluated and could be added in the future. The product is getting rolled out just weeks after Fidelity Institutional President Michael Durbin said he sees more room for crypto in consumer portfolios. Fidelity has been quicker to embrace digital assets than most other large investment companies.

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2022-11-02 22:40:01 Paxos granted Singapore license, plans to hire at least 130: Bloomberg

Paxos has plans to hire at least 130 people for its Singapore office following the news it has received a license to offer digital-payment token services in the city-state. Paxos is the first U.S.-based blockchain infrastructure platform to secure a license as a Major Payments Institution from the Monetary Authority of Singapore. Only 18 companies have been granted virtual asset licenses out of around 200 applicants. The company currently has 20 Singapore-based employees out of 350 globally — serving a host of enterprise clients including Paypal, Mastercard, Bank of America and Credit Suisse.

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2022-11-01 23:10:00 Stasis integrates euro-backed stablecoin with XRP Ledger

XRP Ledger is an open-source blockchain developed by a community and cross-border payment company Ripple. Stasis aims to make cross-border payments cheaper and faster by integrating the blockchain with EURS, as well as improve scalability. Another brick has just been added into the foundation of EURS, and it will solidify our asset for the next cycle of stablecoin market adoption," Stasis CEO Gregory Klumov said in a statement. "Our ongoing partnership will focus on exploring the newly-emerged opportunities of XRP to enable a better financial inclusion as well as stablecoin infrastructure.

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2022-10-31 21:31:02 Cryptocurrency Exchanges Can Open Bank Accounts in Chile

After years of court battles in Chile, a cryptocurrency exchange has managed to open a bank account in Bci, a financial institution that established a protocol to serve these businesses. The first exchange that opened a bank account with the institution was Buda, a local exchange, which satisfied the requirements of the bank in the mentioned protocol. On Oct. 28, Bci, a bank in Chile, announced that it had developed a protocol to allow cryptocurrency exchanges to open checking accounts with the institution. This marks a milestone for cryptocurrency exchanges in the country, which had been fighting for the right to use traditional banking services for years.

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2022-10-30 22:30:09 Elon Musk Rejects SBF’s Proposal to Integrate Social Media with Blockchain Technology

Since the deal’s completion on October 28, multiple aspects concerning Elon Musk’s acquisition of Twitter have been revealed online. These include some plans for content moderation, other parties interested in the deal, and much more. Elon Musk’s attempt to cancel his acquisition of Twitter has revealed desperate efforts. Sam Bankman-Fried, CEO of crypto exchange FTX, expressed early interest in investing in Twitter when Musk purchased a large share in the company in March of this year. He has also expressed interest in using blockchain on Twitter. Some other senior executives from the crypto and banking area, FTX, also contacted Musk to see if he could find common ground with SBF.

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2022-10-29 22:50:08 Ethereum outperforms Bitcoin 2X in Compound Annual Growth Rate over past 4 years

Data on the four-year Compound Annual Growth Rate for Ethereum and Bitcoin from the on-chain analytics platform Glassnode shows that ETH has outperformed Bitcoin since October 2019. The data is available via the two charts below, which depict the CAGR for both Ethereum and Bitcoin over the past four years. The period was selected to capture both the classic Bitcoin halving cycle while also accounting for the typical bull/bear cycle, which tends to be of a similar duration. Bitcoin recorded a CAGR of 34.1%, but Ethereum returned almost double at 66.3%. CAGR data for Ethereum started in July 2019.

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2022-10-28 22:31:00 Binance founder CZ confirms $500M equity investment to back Musk’s Twitter deal

Binance founder Changpeng ‘CZ’ Zhao confirmed a $500 million equity investment in Elon Musk’s acquisition of Twitter Inc. Musk finalized the $44 billion acquisition of Twitter Inc on Oct. 27, a day before a court-ordered deadline that would otherwise see the Delaware Chancery Court recommence trial in November. A day before the deal’s closing, the billionaire announced that he acquired Twitter because it is essential to the future of civilization via a tweet. He expressed his concerns about social media censorship and his motivation to promote dialogue as a way past political fragmentation via his acquisition. Musk estimates that 20% of Twitter accounts are bots, but the two firms he hired to clear the issue.

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