$10 Million Raised for Onomy Protocol on Brink of Launch

The world of traditional and decentralised finance continues to converge, with large financial institutions continually exploring further DeFi integration, and VCs doubling down on web3 investments in the space. Despite the current squalls in the general market, large investors and companies remain undeterred when it comes backing upcoming protocols that will serve to change the way finance is done forever. This is clearly the case for the upcoming launch of Onomy Protocol, who just announced a $10 million raise ahead of the protocol going live. The round saw participation from…

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Consensys’ Metamask: Updates Raise Privacy Concerns

Consensys, the software company behind MetaMask, released a new update to its privacy policy on November 23. The company says it will collect consumers’ IP addresses and Ethereum wallet addresses when they send a transaction. The new policy is applicable to those using Infura as the default Remote Procedure Call (RPC) provider in MetaMask. To wit, “Information collected by Infura when you use Infura as your default RPC provider in MetaMask…When you use Infura as your default RPC provider in MetaMask, Infura will collect your IP address and your Ethereum…

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Binance Crypto Fund: To The Rescue But There Are Exceptions

Every day, money is in and out of the crypto market. When things went smoothly, everything seemed shiny. But things didn’t always go smoothly. FTX’s bankruptcy triggered the selling panic, turning the liquidity shortage of many platforms into a crisis. Amid the turmoil, Binance CEO Changpeng Zhao stepped in on Nov. 14, announcing the launch of an industry recovery fund to assist strong initiatives that have become stranded in a difficult situation. This is Open Liquidity War Yet it’s not 1907 and Binance is not JP Morgan, the dominant figure…

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JP Morgan Applies For Crypto Wallet Trademark Registration

It’s been the same old story since the dawn of crypto. The problems of dualism in finance always spot on major banks and cryptocurrencies and how traditional finance institutions hate digital assets. Jamie Dimon, JP Morgan CEO, and chairman made it clear previously that he was not a fan of bitcoin. While Dimon has a point, and his stance toward the global’s largest digital currency stays unchanged, his empire itself keeps getting ahead of the crypto game. JP Morgan Wants In According to a filing update from the U.S. Patent…

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Mizar Review: The Smart Social Crypto Trading Bot Platform

About 95% of traders lose money while trading crypto, mostly driven by emotion, FOMO, bad discipline, and poor trading knowledge. Mizar has been developed to help traders be successful by providing them with the tools they need to perform well in the crypto market. If you’re looking for ways to invest in crypto without risking your capital, then Mizar might just be what you need! Mizar Trading Platform Crypto Trading Bots Made Easy There are many people who find trading difficult, but still like to be challenged. While the enthusiasm…

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Binance CZ: FTX’s Collapse Clears The Path

Binance CEO Changpeng Zhao said that the recent crash of FTX, while forcing destructive effects and unexpected changes, will bring the industry into a much better place in the long run. “This incident will set us back a bit, but then the industry will become healthier. So it’s actually better in the long run,” Changpeng Zhao said in an interview with CNBC. The world’s top billionaire believes that the circumstances will improve in the future, highlighting the crypto market has massive potential for growth and this rocky scene will pass…

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Coinbase Custody confirmed Grayscale product breakdown, wallet addresses remain undisclosed as GBTC discount reached 50%

Summary: Grayscale’s digital asset product attention was backed up by Coinbase’s custodial division. However, the crypto exchange did not release the associated wallet addresses for each product. The crypto community wallet addresses of the Bitcoin trust and other products after Genesis disclosed FTX exposure.  Coinbase Custody backed up a product breakdown published by Grayscale over the weekend amid questions from users about the firm’s digital asset offerings. While the company released a product breakdown now confirmed by Coinbase Custody, wallet addresses were withheld citing security concerns. Instead, the entity assured…

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New EU Proposal Calls Ban on Privacy Coins

Regulatory chase after privacy-enhancing coins is imminent but their natural structure may challenge the efforts. The European Union is considering severe restrictions on the use of privacy coins as part of the organization’s anti-money laundering efforts, media reported. The plans were leaked out from an anonymous EU diplomat upon revelation to CoinDesk. More Regulations Are Coming According to the source, the legislative deliberation has been processed, the EU lawmakers could consider banning banks and crypto service providers from using the Internet. If passed, privacy-focused coins including Monero (XMR), Zcash (ZEC),…

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Genesis Global Suspends Withdrawals Amid Crypto Market Purge

On Nov. 16, Genesis Global Trading announced it would limit activities on the Genesis Trading platform and Gemini Earn application, including withdrawal suspension. The company cited “unprecedented market turmoil” in its official announcement. Heavily influenced by the bankruptcy of FTX and the previous collapse of Three Arrows Capital, Genesis Trading will pause all withdrawals and new loan supplies, confirmed by Derar Islim, CEO of the platform. All the excitement over the bull market of 2021 has turned into despair. The market is sick and price crashes. It’s a spectacular act…

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Ethereum’s Biggest Rival Slides as Exchanges Halt Deposits of Solana-Based Stablecoins

Everything is dropping in the wake of FTX’s bankruptcy but Solana’s plunge has been extreme. The crypto market is suffering deep losses following the dramatic collapse of the FTX exchange. Solana (SOL), a so-called Ethereum killer, having been languishing since the beginning of the year, finds itself in more trouble. On Nov. 17, the Binance platform announced the halting of deposits of stablecoins USDC and USDT via the Solana blockchain “until further notice.” Solana is Getting Hammered Deposits of USDC and USDT tokens on other blockchains stay operative. In the…

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