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Economy

A collection of 596 issues

Mark Cuban Accuses SEC Chair of Incompetence, Suggests Potential Impact on Biden's Election Prospects

Entrepreneur Mark Cuban has publicly criticized the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, calling into question his competence and suggesting that his actions could potentially influence the outcome of the upcoming U.S. presidential elections in favor of the Democratic Party losing. Cuban, an

BlackRock’s Crypto Wallet Linked to Sanctioned Tornado Cash by a Mysterious 1 ETH Transfer

A single Ethereum (ETH) transaction has placed the financial behemoth BlackRock in an unusual spotlight. An unknown entity sent 1 ETH to BlackRock’s cryptocurrency wallet using the controversial mixer service, Tornado Cash, which has been sanctioned by the U.S. Department of the Treasury. This seemingly minor transaction has

LocalMonero Shuts Down: Peer-to-Peer Cryptocurrency Trading Platform to Cease Operations After Nearly Seven Years

LocalMonero, a popular peer-to-peer (P2P) platform for trading Bitcoin and Monero (XMR), has announced its impending closure. This decision marks the end of nearly seven years of operation, a journey that the LocalMonero team described as being curtailed by "a combination of internal and external factors." The process

MicroStrategy Launches Decentralized Identification Protocol Based on Bitcoin Technology

MicroStrategy, a prominent holder of Bitcoin and a key player in the cryptocurrency field, has announced the development of a groundbreaking decentralized identification system. The new product, dubbed 'Orange', utilizes Bitcoin's blockchain technology to verify personal identities in a secure and efficient manner. This innovative approach

Solana Co-Founder Advocates for Meme Coins, Countering Criticism from Ethereum's Vitalik Buterin

In a striking defense of meme coins, Solana co-founder Raj Gokal has publicly disagreed with Ethereum co-founder Vitalik Buterin's recent critical remarks about these projects. Gokal articulated his support for meme coin projects, suggesting that they play a crucial role in attracting both developers and users to blockchain

Vitalik Buterin Labels Proof-of-Work a "Temporary Stage" for Ethereum, Emphasizes Shift to Proof-of-Stake Due to High Centralization Concerns

In a significant discussion about the future of blockchain technologies, Ethereum co-founder Vitalik Buterin has shed light on the imperative shift from the Proof-of-Work (PoW) consensus mechanism to Proof-of-Stake (PoS). Highlighting the evolution of Ethereum, Buterin described PoW as merely a "temporary stage" in the broader development framework

Pantera Capital Aims to Raise $1 Billion for New Crypto Fund

Venture firm Pantera Capital is setting its sights on raising $1 billion for its latest venture in the cryptocurrency space, the Pantera Fund V. According to a Bloomberg report citing sources familiar with the matter, the new fund will focus on early-stage equity and token investments. Pantera Capital, known for

Tesla's Bitcoin Holdings Remain Unchanged in Q1 2024, Valued at $648 Million

Tesla, the renowned electric car and technology company, disclosed its financial results for the first quarter of 2024, revealing that its Bitcoin reserves have remained stable. According to the financial statement, the company led by Elon Musk continues to hold 9,720 BTC, which is currently valued at approximately $648

NYSE is exploring the possibility of round-the-clock trading of assets

The New York Stock Exchange (NYSE) is contemplating a significant transition towards 24-hour trading, reflecting a potential paradigm shift in the traditional market operations. This initiative, as reported by the Financial Times, has garnered some support among market participants, signaling a willingness to adapt to evolving trading demands. A recent

From Crypto Mining to Drying Mangoes

In Paraguay, a country known for its substantial energy exports, a unique application of Bitcoin mining technology has emerged that not only capitalizes on the region's abundant resources but also adds a flavorful twist to the cryptocurrency world. A local Bitcoin miner has creatively turned to producing dried