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CRYPTO
Vitalik donates $4M to Uni of NSW for pandemic detection tool
Ethereum co-founder Vitalik Buterin has donated $4 million worth of USD Coin (USDC) to the University of New South Wales (UNSW) to support the development of a pandemic detection tool.The capital, which equates to roughly $5.3 million…
SEC’s Hester Peirce says new stablecoin regs need to allow room for failure
Commissioner Hester Peirce — also known as the Securities and Exchange Commission’s (SECs) “crypto mom” — has backed a regulatory framework for stablecoins that allows "room for there to be failure."Speaking at an online panel on May 12…
Blockchain will be taught in classrooms in 3-5 years
Colin Miles, the newly-appointed CEO of TZ APAC expects blockchain and web 3.0 curricula to start becoming an integral part of secondary and tertiary education within the next three to five years. “I would think it's that classic…
Robinhood shares spike 30% after Sam Bankman-Fried buys $650M stake
Sam Bankman-Fried, the billionaire founder and CEO of cryptocurrency exchange FTX has acquired a substantial 7.6% stake in the popular online brokerage, Robinhood. The news was well received by the market, with Robinhood’s (HOOD) stock…
Aurora launches $90M fund to finance DeFi apps on Near Protocol
Aurora, an Ethereum Virtual Machine (EVM) designed to scale decentralized applications (DApp) built on the Near protocol, has launched a token fund worth $90 million. The fund was launched today in partnership with Proximity Labs and…
Nasdaq partners with XP to launch cryptocurrency exchange in Brazil
XP informed Cointelegraph that XTAGE will launch in Q2 2022 and will be fully integrated into the XP Inc ecosystem — the largest investment brokerage in Brazil with more than 3.5 million clients and $168 billion assets under custody.XP…
US Senate confirms Jerome Powell for another four years as Fed chair
The United States Senate has confirmed the nomination of Jerome Powell as the chair of the board of governors of the Federal Reserve System until 2026.In an 80–19 landslide vote on the Senate floor on Thursday, U.S. lawmakers confirmed…
Look out below! Ethereum derivatives data hints at further downside from ETH
Ether (ETH) is down 38% in three weeks and the current $2,000 level is 59% below the $4,870 all-time high that was reached in November 2021. Additional newsflow that added to the current market wide volatility were the bankruptcy fears…
Analysts say Ethereum price must hold this key level to avoid a capitulation-level move
The crypto market experienced another day of pain on May 12 as the fallout from the Terra's LUNA and UST failure continues to ripple across the ecosystem.While the coverage for UST and its impact on Bitcoin (BTC) have been extensively…
Shanghai court affirms that Bitcoin is virtual property, subject to property rights
The Shanghai High People’s Court has issued a document in which it states that Bitcoin is subject to property rights laws and regulations. That finding was made in relation to a lawsuit filed in a district court in October 2020 involving…