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Latest Crypto News

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Yuzo Kano, the co-founder of Japan-based cryptocurrency exchange bitFlyer, is seeking to reinstate himself as CEO at a shareholders meeting next month, in an apparent bid to revive what he claims is a stagnating firm. BitFlyer is one of the largest cryptocurrency exchanges in Japan Some of its competitors, such as Kraken, recently declared that they would close their Japan business on 28th December last year

BitFlyer founder wants to reinstate himself as CEO, leads IPO

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Actors suspected of being behind a $6 million exploit of the Lendhub decentralized financial lending protocol have sent more than half of their gains since this year January to sanctioned crypto mixer Tornado Cash. Tornado Cash is a crypto mixing service that attempts to anonymize Ethereum transactions by pooling large amounts of  Ether before depositing money to other addresses.

Lendhub protocol exploiters saw $3.85M move into Tornado Cash

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The IMF prefers to regulate crypto rather than ban it outright

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The International Monetary Fund would prefer to differentiate and regulate crypto assets rather than implement outright sanctions, although the nuclear option remain on the table for now. During an interview with Bloomberg published on 27th February, she answered a question about her recent comments about a possible total ban on cryptocurrencies. She said there is still a lot of confusion about the classification of digital money.

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Alchemy Pay has received a license from the Central Bank of Indonesia to handle fund transfers

Alchemy Pay has received a license from the central bank of Indonesia to handle remittances and fund transfers in collaboration with local fintech Berkah Digital Pembayaran. On February 27 Alchemy Pay announced that Bank of Indonesia has jointly licensed Alchemy Pay and Barkah Digital's platform BDPay, enabling firms to offer better payment methods and reduce associated operating costs.

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Liquid staking protocol Lido Finance joins 150,000 Ether protocol

Lido is a liquid staking solution for digital assets, allowing users to stake Ether without them needing to have their tokens locked. When a user deposits Ether, Lido issues them a liquid variant of ETH, known as staked Ether (stETH), giving users staking rewards for each day the tokens are held in their wallets. As per the liquid staking protocol’s 25th February tweet, the “dynamic mechanism” was activated after the daily staking limit  reached 150,000 Ether .

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Solana Outage Crypto community members took to social media to express various concerns

As the Solana network suffered another setback, members of the crypto community took to social media to express various concerns, even comparing the blockchain to other projects such Bitcoin and Ethereum. On 25th February, Solana experienced network performance degradation issues, resulting in transaction disruptions, leading verifiers to choose to restart the network. A Bitcoin supporter also pointed out how Solana's network issues did not require Bitcoin to restart.

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