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Rio’s Treasury Reserves to Be Made up of 1% Crypto, City May Enable BTC Tax Payments

Brazil’s former capital city, Rio de Janeiro, might start holding crypto in its treasury, its Mayor has revealed.
According to the newspaper O Globo, Mayor Eduardo Paes made the announcement during an event also attended by another pro-crypto mayor, Miami’s Francis Suarez. The duo were speaking about the challenges involved in transforming metropolises into technological hubs…
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NEXT SHIB: Next generation MEME token about to go public!

DeFi’s newest cutest meme token announces the launch of its public sale. The mascot of the new, ultra-fast ultra-cheap NEXT Smart Chain has arrived.  Deflationary on every transaction (5%) and with no other tax, no team tokens, and starting with a very low market cap, this meme token is lifting off to visit its Nextronaught [……
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SEC’s Gensler hardens stance on crypto, says ‘if they’re selling it, we’re regulating it’

The cryptocurrency industry’s unparalleled boom last year had brought with it the attention of regulators worldwide, all of whom have shown varied levels of acceptance towards the emerging asset class. The U.S Securities and Exchange Commission’s Chief for instance has repeatedly expressed his skepticism about the lack of investor protection and information offered by blockchain [……
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Here’s what it means for Solana as it faces yet another issue on Binance

Slow Solana transactions are an issue that has been hurting the network for a month. The market was raging with speculations of Solana facing yet another distributed denial-of-service (DDoS) attack. Later, it was clarified that the network went down in lieu of “some congestion due to mis metered transitions”…
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Litecoin sinks below key area of support, but can it see a recovery at $110

Litecoin climbed from $143 to $282 in October and November, but has retraced all of those gains and then some more since mid-November. The $143 level was expected to see demand step in once again. It did, but the bounce was weak and the price fell beneath the $143 level once again after the selling [……
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Crypto outflows continue for the fourth week as Bitcoin clings to $40,000 level

On days when the crypto market is bleeding, the latest report from CoinShares showed that investment products in the sector witnessed weekly record outflows of $207 million. Prolonged winter This is the fourth consecutive week of negative flows since December, which now totals to US$465 million…
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David Koma Pre-Fall 2022

David Koma Pre-Fall 2022
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Bitcoin and Ethereum Extend Decline, Dogecoin Rises

Bitcoin price started a downside correction from USD 44,000. BTC traded below the USD 43,200 and USD 43,000 support levels. It is currently (11:30 UTC) trading below USD 42,500 and there is a risk of further downsides.
Similarly, most major altcoins are extending losses. ETH traded below the USD 3,250 support level and tested USD 3,200…
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US Regulator Calls For Stablecoin Bank Regulation, Coordinated Regulatory Approach To Crypto

Stabilizing stablecoins and paving the way for a coordinated and collaborative regulatory approach to cryptocurrencies should become the key focus of American regulators — and bank regulation could provide stablecoin holders with more confidence and security, according to Michael J. Hsu, Acting Chief of the US Office of the Comptroller of the Currency (OCC…
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Jack Dorsey’s Block Announces Bitcoin Mining System, Building the Core Team

Block, the payments company formerly known as Square and headed by Twitter founder Jack Dorsey, is building a Bitcoin (BTC) mining system and is hiring a team for it.
“We’re officially building an open bitcoin mining system,” tweeted Dorsey on Thursday….
Read More: Jack Dorsey’s Block Announces Bitcoin Mining System…
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