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Centralized Exchanges See $26B in Bitcoin and Ethereum Outflows Since January

Over the past seven months, data from cryptoquant.com reveals a staggering $26 billion worth of bitcoin and ethereum has been pulled from centralized crypto exchanges. During the same period, trading…

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Edward Snowden: Pavel Durov’s Arrest Is an Assault on Basic Human Rights

Renowned NSA whistleblower Edward Snowden gave his take regarding the recent arrest in France of Telegram founder Pavel Durov. Snowden blasted the French government’s actions, stating that these constituted an…

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36% Chance for Durov’s Freedom in August: Polymarket’s High-Stakes Bet on Telegram Founder’s Fate

According to the blockchain-powered prediction market Polymarket, bettors are giving Telegram founder Pavel Durov a 36% chance of being released this month. Durov was taken into custody by French judicial…

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Paypal’s PYUSD Stablecoin Reaches $1 Billion Market Cap in Just Over a Year

On Aug. 26, Paypal’s PYUSD stablecoin hit the $1 billion mark for the first time since its launch in August 2023. Initially rolled out on Ethereum, PYUSD has seen a…

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Latam Insights: El Salvador Offers Bitcoin Instruction to 80,000 Public Servants; Mercado Libre Launches Stablecoin

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador will offer bitcoin certification for public…

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Ethereum Foundation Defends $96.9M Transfer Amidst Criticism

On Aug. 23, 2024, the Ethereum Foundation made a significant transaction by transferring 35,000 ETH, valued at approximately $96.9 million based on current ether rates. The transaction sparked some criticism…

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Sony Block Solutions Labs Introduces Soneium, an Ethereum L2 Project 

Sony Block Solutions Labs, an initiative by Sony Group, recently introduced Soneium, an Ethereum layer two (L2) blockchain. Designed to seamlessly connect Web3 and Web2, Soneium promises enhanced scalability, efficiency,…

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2 Vintage Bitcoin Wallets From 2011 Spring to Life, Moving $4.7 Million in BTC

Over the past day, bitcoin has been hovering just under the $64,000 mark, while two wallets, which had been inactive for more than 13 years, suddenly moved 75 bitcoin worth…

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Secrecy of Argentine Gold Bullion Transfers Abroad Sparks Lawmaker Criticism

A series of gold bullion transfers abroad by the Argentine government has sparked a series of criticisms behind this action, bringing several lawmakers to question the secrecy of this matter.…

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Polygon’s Discord Channel Hacked; Admins Regain Control Amid Security Concerns

Polygon’s community Discord channel was compromised in a recent cyberattack, raising security concerns among users. The platform’s administrators have regained control and are working to restore the channel to its…

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