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Stocks & Crypto Coins Updates

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@Coins

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Nigerians are facing a severe currency crisis as their government cracks down on cash and pushes their CBDC.

Nigerians don’t want CBDC, they want Bitcoin.

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Coinbase CEO says the exchange delisted Binance stablecoin BUSD due to liquidity concerns.

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Agreed?

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Chiliz has announced the launch of its $50M USD incubator and accelerator programme Chiliz Labs.

Backed by Jump Crypto, Chiliz Labs will foster viable and innovative early-stage blockchain projects looking to leverage the new Chiliz blockchain for sports and entertainment.

https://medium.com/chiliz/chiliz-launches-50m-incubator-chiliz-labs-backed-by-jump-crypto-71386968e54e

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Forwarded from CCC.io Ventures
Polychain Capital plans to raise $400M for fourth fund.

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Is Binance's new project: AI NFT generation product Bicasso Beta version, which can use AI technology to generate NFTs from users' creative ideas is a stolen idea?

https://twitter.com/0xggoma/status/1631149304093233153

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Coinbase is no longer accepting or initiating payments to or from Silvergate.

https://twitter.com/coinbase/status/1631284093378756611

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Crypto Has More Appetite To Sue SEC Than Ever Before: Kraken Exec

Coinbase and Kraken are confident tokens listed on their platforms are not securities, regulator leaders from the exchanges said.

Do you think they should go ahead and sue?

https://blockworks.co/news/crypto-has-appetite-to-sue-sec

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TON to Launch First Artist NFT marketplace Playmuse.

We are delighted to announce the launch of Playmuse, an NFT platform for music, film, video, serials, animations, blogs, streams and podcasts on the The Open Network (TON).

Playmuse gives artists the freedom to securely share their NFTs on TON without being endorsed by the established industry brands.

The
marketplace is scheduled to launch this month, with more than 100 high-profile artists and brands poised to go live on the platform.

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IYKYK: Inverse Cramer ETF officially launches.

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FTX confirms $8.9 billion in customer funds are missing.

https://twitter.com/watcherguru/status/1631426157752057858

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A growing number of crypto companies are cutting ties with Silvergate Bank, the embattled industry-friendly bank.

Silvergate once served as a critical fiat-currency portal between crypto services like exchanges and their customers.

But in the past 24 hours, Silvergate — already reeling from losses, job cuts, and a decline in crypto business activity — has seen its fortunes markedly worsen.

Yesterday, Silvergate delayed an annual report to the SEC, triggering a sharp decline in stock prices. Disclosures about being “less than well-capitalized" and a process of “reevaluating its business” set of a market chain of reaction that continued into Thursday.

Now, crypto majors are distancing themselves from the bank. Coinbase said this morning that it would no longer process payments to or from Silvergate.

Here’s Coinbase: "In light of recent developments & out of an abundance of caution, Coinbase is no longer accepting or initiating payments to or from Silvergate & will be facilitating institutional client cash transactions with our other banking partners.”

Others have jumped to make similar moves. These include Bitstamp, Gemini and Crypto.com. Stablecoin issuer Circle also said it was moving away from its work with Silvergate.

As of 1:25 p.m. EST, Silvergate’s stock price was down more than 50% on the day.

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Is the online beauty community ready for DAOs? L’Oréal’s NYX thinks so.

NYX Professional Makeup, a beauty brand owned by the L’Oréal Group, created a decentralized autonomous organization (DAO) for the beauty community earlier this year.

The company sees it as the next step in building a community around its brand.

It’s part of a wider web3 bet for the company, which has also established its own department for web3 technologies.

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What was that at ETH Denver? 😂

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