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Latest Crypto News

By NewsDesk8

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Solana CEO claims network outage due to on-chain voting

Solana Labs founder and CEO Anatoly Yakovenko dismissed claims that Solana's network outages caused high levels of validation messages and its on-chain voting system to hold back its consensus laver. By the time the network officially restarted on late 25th February, it seems as via members of the cryptocurrency community had grown weary of Solana's frequent network outages.

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Bitcoin Core dev calls auction 'misleading' selling its code as an NFT

One of the key developers behind Bitcoin, Luke Dashjor, took to social media to call out an auction site that used his name and code without his consent to create and sell a “misleading” NFT. The original developer says he is not the first Bitcoin developer to have his name or work used in this way.

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Car manufacturers, fashion giants and pet food brands Web3 is looking for the trademark to roll out next year

Despite the massive slowdown in the respective markets, multinational corporations do not seem to have slowed down their trademark applications covering Web3, crypto, (NFTs) nonfungible tokens, and metaverse. In February — now late — the likes of General Motors, Lacoste and Walmart staked their claim with Web3-related trademark applications. January was an even busier month.

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Americans 'frustrated' by inequality in financial system, 20% currently own crypto, new survey reveals

Crypto ownership among United State adults has remained stable over the past 1 year, with a large portion seemingly "frustrated" by the one-sided global financial system. The survey conducted by business intelligence firm Morning Consult, aimed to examine perceptions of the global financial system and how US adults and crypto investors see the future of crypto markets and exchanges. 

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United Arab Emirates to launch free zone for virtual and digital assets companies

Ras Al Khaimah, one of the seven emirates of the United Arab Emirates, is set to launch a free zone for virtual and digital asset companies as the country’s approach to the industry continues to attract global crypto players.

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Bitcoin exchanges have less BTC to buy than at any time since the beginning of 2018

Recent figures reflect the determination of Bitcoin holders, BTC balances on major exchanges are in “down only” mode. As of 27th February, the latest date is available, the platforms tracked by Glassnode held a combined 2,272,798 BTC.

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In 2022, market participants spent $25.57 million on lobbying in the United State.

The Crypto industry has been ramping up its lobbying efforts amid the crypto winter that began in 2022. Last year, market participants spent $25.57 million on lobbying in the US. In 2017, when Bitcoin price rose for the first time, the young industry spent just $2.5 million on lobbying efforts, compared to $25.57 million in 2022. In the past year alone, stakeholders have increased their spending by 121.41% to $11.54 million in 2021.

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How mining pools with a green focus are bringing sustainability to the Bitcoin mining sector

Bitcoin miners spend huge amounts of energy to secure the network and process transactions. Although the network offers many benefits, such as bankless banking, Bitcoin’s energy consumption is a point of contention for critics. However, new solutions are emerging to reduce the environmental impact of Bitcoin mining.

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Providers such as Bitcoin Depot have begun converting their physical Bitcoin ATMs to software

Crypto ATM installations have seen a steady decline across the globe over the past few months. Due to geopolitical tensions and declining revenues, some ATMs have been launched, with providers such as Bitcoin Depot starting to convert their physical Bitcoin ATMs to software. 

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A total of 11,500 WBTC worth about $260 million associated with Celsius was burned, causing its growth rate to go negative

Wrapped Bitcoin (wBTC) supply to fell to the lowest since May 2021 after the second-largest single-day burn on 27th February. A total of 11,500 WBTC worth around $260 million linked to the now-bankrupt crypto lender Celsius has been burned, causing its growth rate to go negative. 

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