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Author: CryptoPress

Airdrop - Term Finance

Airdrop: Term Finance

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Term Finance is a new DeFi lending protocol that offers fixed rates to borrowers and lenders. The protocol uses a novel auction mechanism to match borrowers and lenders, ensuring that both parties receive the best possible terms. What is Term Finance? Term Finance is a new DeFi lending protocol that offers fixed rates to borrowers and lenders. The protocol uses a novel auction mechanism to match borrowers and lenders, ensuring that both...

Airdrop

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Arbitrum Onboards Norway’s Digital Krone

Arbitrum Onboards Norway’s Digital Krone

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In Brief: Arbitrum, the leading Layer 2 scaling solution for Ethereum, is making major strides toward expanding its ecosystem. Symfoni Solutions announced the launch of a bridge between Norway’s central bank digital currency (CBDC) and BRØK. The Arbitrum-based NOK token is programmable.  Circle launched native support for USDC on Arbitrum. Arbitrum, the leading Layer 2 scaling solution for Ethereum, is making major strides...

Front page, Main, News

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Major Altcoins Fall 20% After SEC Lawsuit

Major altcoins fall by 20% after SEC lawsuit

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In Brief: Tokens of major blockchain networks slid more than 20% in the past 24 hours. The slide is likely due to a risk-off event that followed the SEC’s lawsuit against Binance and Coinbase. Solana (SOL), polygon (MATIC), and Cardano (ADA) fell as much as 25% within hours. Bitcoin has managed to hold up relatively well due to its dominance in the crypto market. Some speculate that a major crypto fund may have sold its...

Altcoins, Bitcoin, Crypto regulation, Front page, Main, News

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Austin Campbell

Austin Campbell: I think we can do better in America

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Austin Campbell, former chief risk officer for stablecoin firm Paxos, recently spoke at a U.S. Subcommittee on Digital Assets, Financial Technology, and Inclusion hearing. He expressed concern that the lack of stablecoin regulation in the United States could push issuers out of the country. Campbell stated that other countries such as Singapore, Dubai, Abu Dhabi, and the United Kingdom have already proposed frameworks for stablecoins that...

Crypto regulation, Cryptocurrencies, People in crypto

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Crypto Prices Plummet as SEC Sues Binance, Shaking the Market

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The crypto market suffered a significant blow as the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance, the world’s largest crypto trading platform, and its founder. The SEC’s allegations of deceptive practices and mishandling of funds caused prices of cryptocurrencies and shares in crypto and blockchain companies to plummet. Bitcoin and Ether, the two largest cryptocurrencies, experienced drops of...

Bitcoin, Crypto market, Cryptocurrencies, Ethereum, News

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