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Facebook launches group to oversee “all things payments” with David Marcus at the helm

Facebook launches group to oversee “all things payments” with David Marcus at the helm

Facebook has launched Facebook Financial, a new group focused on all payments and commerce-related opportunities with Libra co-founder David Marcus at the helm. Marcus will now head up all payments projects at the tech giant. According to a Bloomberg report published Monday, the project, internally known as F2, is an effort to reorganize commerce strategy …

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Blockchain Bites: Inside Cosmos, Bitcoin at $200B, DeFi Surges

Blockchain Bites: Inside Cosmos, Bitcoin at $200B, DeFi Surges

Traders are expecting bitcoin to go higher. DeFi is surging in web traffic. And Cosmos is alive and well, despite internal feuding. No cultsCosmos, the blockchain interoperability project that turned a small ICO into a thriving ecosystem, almost came to an end in February 2020 when the project’s co-founders engaged in a heated feud. It …

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Fintechs are moving into bitcoin, but expect crypto startups to stay on their home turf

Fintechs are moving into bitcoin, but expect crypto startups to stay on their home turf

Square, SoFi, and soon PayPal.  The list of financial technology companies that have jumped on the crypto bandwagon continues to grow. And it makes sense — fintechs stand to cash in on such offerings, which can be more profitable than stock trading offerings, in some instances. It also provides fintechs with a way to expand …

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Link’s Trading Volume on Coinbase Surpasses That of Bitcoin

Link’s Trading Volume on Coinbase Surpasses That of Bitcoin

Chainlink’s link token, driven by the increased popularity of decentralized finance (DeFi), has surged past bitcoin, becoming the most traded cryptocurrency of the past 24 hours on Coinbase Pro, the biggest crypto exchange in the U.S.  Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and …

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Synthetix soars but the demand side is conspicuously absent

Synthetix soars but the demand side is conspicuously absent

Quick Take Synthetic asset issuance protocol, Synthetix, continues to draw attention, with Total Value Locked surpassing $630m and SNX commanding a $900m market cap. Synthetix Exchange (SE) volume, however, continues to lag: as of July 27 SE had just  2.28% market share among non-custodial exchange protocols. Without some form of funding rate, Synthetix may find …

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North America may be emerging as the hodling hub of the world

North America may be emerging as the hodling hub of the world

For most investors, the crypto-market is no longer uncharted territory. Thanks to increasing regulatory clarity and mainstream adoption, institutional investors are now flocking in. With the industry maturing over the past decade, it would seem that North America has emerged to become a very important market, something evidenced by the fact that it has more …

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Bitcoin is still the crypto of choice for darknet marketplaces

Bitcoin is still the crypto of choice for darknet marketplaces

A survey conducted by The Block Research has found that bitcoin remains the cryptocurrency of choice for payments and withdrawals for many darknet marketplaces. The Block’s Steven Zheng found that among the 49 darknet markets surveyed, about 98% of them support bitcoin. Monero is the second-most popular cryptocurrency — it’s used by 45% of markets …

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Bittrex and Poloniex Move for Summary Judgment in Market Manipulation Case

Bittrex and Poloniex Move for Summary Judgment in Market Manipulation Case

Attorneys representing cryptocurrency exchanges Bittrex and Poloniex notified Judge Failla of the Southern District of New York Friday of their intention to move for summary judgment in a class action case that alleges they, along with Tether and Bitfinex, were involved in fraud and market manipulation, according to court filings. Disclosure The leader in blockchain …

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