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Reddit Asks Ethereum Community For Help to Scale Tokens for 430M Users

[ad_1] Social content platform Reddit is continuing to push forward with its Ethereum-powered ‘Community Points’ reward system, announcing that it is seeking developers to help it scale the tokens up for use by all of its 430 million monthly users.On June 19, Reddit revealed it was partnering with the Ethereum Foundation to call for projects building Ethereum (ETH) scaling solutions.“Our goal is to find a solution that will support hundreds
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Bitcoin Games Launches Midsummer Promotion as Sweden Looks Toward Launching its Own Digital Currency

[ad_1] The premier cryptocurrency gaming portal, Bitcoin Games has announced the launch of a Midsummer promotion that promises Free Spins and loads of entertainment. For well over, five years now Bitcoin Games has been the go-to destination for all your gaming needs and our brand new promotion – ‘Glad Midsommar!‘ is sure to excite. The Summer Solstice will soon be upon us and the midsummer celebrations will begin all over
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Redactions Granted in Telegram Case To Protect ICO Participants

[ad_1] A U.S. District Judge has approved the majority of redaction requests received during the proceedings surrounding the Securities and Exchange Commission’s (SEC) lawsuit against messaging firm Telegram over its $1.7 billion initial coin offering (ICO).The SEC took action against Telegram in October 2019, filing a temporary restraining order barring Telegram from distributing its tokens.The SEC submitted a cache of documents in support of its temporary restraining order, including roughly
Business

Tone Vays Under Fire After Robinhood Suicide Tweet Mix-Up

[ad_1] Crypto influencer Tone Vays has come under fire on Crypto Twitter following a mix-up over a  tweet that appeared to show him ‘getting a laugh’ out of the sucide of a 20-year-old Robinhood trader.On June 17, the Bitcoin trader behind The Financial Summit hit reply to a comic “this is business” meme video posted by Twitter user Cryptanzee that was poking fun at him for charging $3000 for his
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Growing Excitement as New Projects Launch

[ad_1] Australia is experiencing a decentralized finance (DeFi) boom, playing host to some of the most talked-about projects in the space.They include longtime DeFi leader Synthetix (SNX), along with the up-and-coming Thorchain (RUNE) along with the just-launched Ren (REN) and mSTABLE (META).RUNE has increased 167% in the past 30 days, REN is up 36% (mostly in the past week),  and SNX is up 35% — and 2,600% since its lows
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Eerie Fractal Predicts Ethereum Could Fall Back Towards the $100s By August

[ad_1] Financial markets have finally started to slow after two months of rallying, and Ethereum is no exception. After attempting to break the $250 resistance multiple times over the past few weeks, the cryptocurrency has slumped into a range, trading between $220-240 as bulls and bears try and establish a trend. The market seems indecisive — the funding rates of futures markets are trending towards 0% as each attempt at
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Phemex CEO Explains Spot Trading Vs. Derivatives Trading — and more!

[ad_1] On June 17th, Phemex co-founder and CEO Jack Tao participated in a live “ask me anything” session on Cointelegraph’s YouTube channel. The discussion explored trading the spot market versus trading the derivatives market — and much more. The audience also asked about why crypto finance is different from traditional finance, what it takes for a blockchain project to get listed on an exchange, and how Phemex is separating itself from
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Crypto Card Issuer Wirecard Missing $2.1 Billion Cash, Company Shares Plunge 62%

[ad_1] About 1.9 billion euros ($2.13 billion) worth of cash is missing from one of Wirecard’s trust accounts and the crypto debit card provider cannot as yet account for the money, the company reported on Thursday. In a statement, the major German payment processor blamed “spurious” cash balances provided by a third party with the aim of deceiving the auditor, Ernst and Young, which discovered the scandal during a routine
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Hedge Funds, Retail Investors Bought the Dip — Kraken CEO Jesse Powell

[ad_1] According to Kraken crypto exchange CEO Jesse Powell, there has been a massive influx of new accounts from all types of investors. The trend coincides with Bitcoin’s (BTC) strong recovery from $3,600 to over $9,000.Powell’s statement aligns with similar observations made by Coinbase earlier this year when the exchange also saw a surge in demand when Bitcoin price dropped to $3,596 on March 12.Coinbase observed increased demand in March.
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Analysts: Bitcoin’s Dominance to Soon Collapse, Sparking Major Altcoin Rally

[ad_1] Bitcoin’s dominance over the aggregated cryptocurrency market has remain steady throughout the past several months This stability has come as most altcoins either shed value or hold up against their BTC trading pairs Until the benchmark cryptocurrency cedes some of this dominance, however, altcoins will not be able to gain any independent momentum That being said, analysts do believe that the proverbial “altseason” could be imminent, as BTC’s dominance