Avalanche Pulls Down $230 Million Investment Led by Polychain and Three Arrows Capital

Avalanche, a smart contract-enabled cryptocurrency, has received a $230 million investment from a group of VC companies. The funding round, which is being described as a private sale, was led by Polychain and Three Arrows Capital, with the participation of other companies. This investment will give these companies participation in on-chain Avalanche governance and exposure to the price via token ownership. Polychain and Three Arrows Capital Put Funds in Avalanche Avalanche, one of the youngest smart contracts-enabled cryptocurrencies, has raised $230 million in a funding round led by Polychain and…

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Vitalik Buterin Among Time’s 100 Most Influential People of 2021

Vitalik Buterin, a co-founder of Ethereum, the second-largest cryptocurrency by market cap, has made Time magazine’s list of the 100 most influential people of 2021. The programmer was listed as an innovator, and Time valued his ability to empower other creators with his continued support for Ethereum and all the things that its prime feature, smart contracts, can help them accomplish. Vitalik Buterin in Time’s Top 100 Influencers The most famous Ethereum co-founder, Vitalik Buterin, has been included in Time’s top 100 influential people of 2021 list. The magazine lists…

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How to Recover a Lost Blockchain Wallet Password – KeychainX Expert Explains

There is no greater fear for cryptocurrency investors than one day forgetting the password to their blockchain wallets, seeing how their own money is right in their hands but still locked away forever from them. If this has happened to you, however, don’t lose hope. There are ways to recover a lost blockchain wallet password, as explained by a leading expert at wallet recovery with years of experience from KeychainX. Step by Step Guide for Recovering a Lost Blockchain Wallet Password Blockchain has over 76 million wallets created since its…

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Model Suggests BTC Price Floor Is $39K, Survey Shows Hope for Year-End $100K Bitcoin Price

Bitcoin prices have been better after the second week of September, hovering around $46.5K to $48.5K per unit during the last two days. Meanwhile, bitcoin proponents still believe a significant second-leg up will be happening this year and a recent survey published by Plan B with 123,410 votes shows people believe bitcoin will reach $100K by Christmas 2021. Furthermore, a price model crafted by Will Clemente called “Illiquid Supply Floor” indicates that bitcoin prices may never drop below $39K again. Plan B’s Bitcoin Price Survey Sees 100K Votes Plan B…

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DeSantis opens new war with Biden over Covid treatments

TALLAHASSEE — First came masks. Then a feud over vaccine mandates. Now a new front has opened in the Covid battle between President Joe Biden and Florida Gov. Ron DeSantis: Covid-19 antibody treatments. On Thursday, DeSantis ripped into Biden’s plan to distribute doses of monoclonal antibody treatments to states across the nation. Florida and six other Southern states have relied on the therapies to treat patients infected with the virus but also took up 70 percent of the orders in early September. That lopsidedness prompted the Biden administration to start…

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Biden blocked from expelling migrant families using Title 42

A federal judge on Thursday blocked the Biden administration from continuing to use a Trump-era public health order to expel migrant families arriving at the U.S. southern border. In a 58-page ruling, U.S. District Court Judge Emmet Sullivan found that the Title 42 policy does not authorize the expulsion of migrants — and, in turn, does not allow for those removed to be denied the opportunity to seek asylum in the U.S. The judge’s order will go into effect in 14 days. The ruling is a major victory for the…

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ECB President Christine Lagarde Insists Cryptos Are Not Currencies, Calls Them Highly Speculative, Suspicious

The president of the European Central Bank (ECB), Christine Lagarde, says cryptos are not currencies, adding that they are “highly speculative, suspicious occasionally, and high intensity in terms of energy consumption.” She also discussed the need for stablecoin regulation and central bank digital currencies (CBDCs). Lagarde: ‘Cryptos Are Not Currencies. Full Stop’ ECB President Christine Lagarde shared her view on cryptocurrency, stablecoins, and central bank digital currencies (CBDCs) in an interview with Carlyle Group co-founder David Rubenstein, published Thursday. Lagarde was asked whether “cryptocurrencies are a plus for the global…

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US Lawmakers Propose to Subject Cryptocurrencies to Wash Sale Rule

A committee of the U.S. House of Representatives has proposed to subject cryptocurrencies to the “wash sale” rule. Since cryptocurrencies are treated as property by the Internal Revenue Service (IRS), they are currently not subject to the wash sale rule. This proposal attempts to close down a big crypto tax loophole. Crypto Included in New Proposal The Committee on Ways and Means, the chief tax-writing committee of the U.S. House of Representatives, proposed to subject cryptocurrencies to the wash sale rule Monday. If adopted, the rules will apply to crypto…

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K Street counting on Senate to pare back Democrats’ tax plan

Business lobbyists have described House Democrats’ ambitious new tax plan as an “existential threat,” but for all the dire warnings, K Street isn’t freaking out — yet. In interviews this week, lobbyists representing a range of business interests said they aren’t too worried about the party’s opening salvo on tax increases, confident the bill — and the threats their clients insist it poses — will be pared back in order to thread its way through a narrowly divided House and Senate. “This is the beginning of the process,” said Arshi…

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Biden dials top Democrats as shutdown countdown begins

Democrats are taking their first concrete steps to avert a government shutdown in two weeks, even as they struggle to wrangle a master plan for handling multiple fiscal cliffs ahead. President Joe Biden plans to hold a joint call with House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer on Thursday afternoon, while the top Democrats mull their options for handling both the Sept. 30 funding deadline and the impending debt cliff. The House Rules Committee is scheduled to meet Monday to tee up the stopgap spending bill for…

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Study Shows Cross-Chain Bridge Technology Growth, Bridges to Ethereum Exceed $7 Billion

On September 8, 2021, Dmitriy Berenzon, research partner at 1kxnetwork, an early-stage crypto fund that helps founders bootstrap token networks, published a comprehensive research post concerning blockchain bridges. Berenzon’s study highlights the current “multi-chain market structure” and bridges that are making a myriad of blockchains compatible. Researcher: ‘We Are Finally in a Multi-Chain Market Structure’ For quite some time now, multi-chain or cross-chain technology has been a holy grail of sorts in the cryptocurrency development space. People want to transact with other blockchains by leveraging bridges to different ecosystems. Dmitriy…

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Monsta Infinite Lists on AscendEX

PRESS RELEASE. AscendEX is thrilled to announce the Monsta Infinite token (MONI) listing under the trading pair USDT/MONI on Sept. 15 at 1 p.m. UTC. In celebration of the MONI listing, AscendEX and the MONI team will launch seven limited-time promotional events for users to earn token rewards. The events will take place between 12:00 a.m. UTC, on Sept. 16 and 12:00 a.m. UTC, on Sept. 23, 2021. By depositing and trading MONI, users will have the chance to share airdrop rewards worth up to 80,000 USDT. Monsta Infinite is…

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Ethereum After 1559: Network Participants Burn Over 300,000 Ether Worth More Than $1 Billion

On August 5, 2021, the Ethereum network and its participants successfully completed the highly anticipated London upgrade, which saw the implementation of the Ethereum Improvement Proposal (EIP)-1559. Since then, 303,681 ether worth more than a billion U.S. dollars have been burned. More Than 300K Ether Burned Following EIP-1559 More than a billion dollars worth of ethereum (ETH) has been burned to date, after the London upgrade was implemented 42 days ago. The biggest changes added to the Ethereum blockchain included EIP-1559 and EIP-3554. While EIP-3554 changed the difficulty bomb, EIP-1559…

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Dogecoin Rival Shiba Inu Spikes in Value While DOGE Prices Flounder, SHIB Jumps 21% in 24 Hours

While the dogecoin’s token price has floundered during the last seven days, the meme-coin’s rival shiba inu (SHIB) has moved up the ranks in terms of weekly gains. Dogecoin has shed 5.8% during the last week, but shiba inu has spiked 21.3% during the course of the week and 21.1% in the last 24 hours. Shiba Inu Gains 21% in 24 Hours Two days ago, Bitcoin.com News covered the DOGE market action concerning dogecoin’s four-legged fall in recent times. Weekly stats show dogecoin (DOGE) is still down 5.8% during the…

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Coinbase Files to Offer Cryptocurrency Futures and Derivatives Trading

Cryptocurrency exchange Coinbase has filed an application with the National Futures Association (NFA) to offer futures and derivatives trading on its platform. The exchange says its new offerings aim to “Further grow the cryptoeconomy.” Coinbase Registers to Offer Crypto Futures and Derivatives Trading Coinbase Global Inc. (Nasdaq: COIN) announced Wednesday via Twitter that it has filed an application with the National Futures Association (NFA) to register as a Futures Commission Merchant (FCM). The exchange wrote: This is the next step to broaden our offerings and offer futures and derivatives trading…

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SEC Chair Gensler: ‘We Don’t Have Enough Investor Protection in Crypto Finance, Issuance, Trading, or Lending’

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, explained that there is not enough investor protection in cryptocurrency. He added that the securities regulator needs more funding and manpower to effectively regulate the crypto sector. SEC Chair Gensler Says More Funding Needed to Regulate Crypto Space SEC Chairman Gary Gensler detailed his agency’s approach to regulating cryptocurrencies before the Senate Banking Committee Tuesday. He assured senators that the SEC is working overtime to create a regulatory framework for crypto assets. Noting the enormity of the task,…

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AMC Confirms Plan to Accept Bitcoin, Ethereum, Litecoin, and Bitcoin Cash

The world’s largest movie exhibition company, AMC Entertainment, has announced its plan to accept cryptocurrencies by year-end. AMC CEO Adam Aron says the entertainment giant will accept bitcoin, ether, litecoin, and bitcoin cash. AMC Prepares to Accept Cryptocurrencies AMC, the largest movie exhibition company in the U.S., Europe, and the world, has unveiled its plan to accept cryptocurrencies by the end of the year. As of March 31, AMC owned or operated approximately 950 theaters and 10,500 screens globally. AMC CEO Adam Aron tweeted Wednesday: Cryptocurrency enthusiasts: you likely know…

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HUMAN Protocol (HMT) Announces Listing on Bitfinex

September 16th, 2021 09:00 UTC – The HUMAN Protocol Foundation, the team behind HUMAN Protocol, have announced today that the Protocol’s native utility token, HMT, is listed on Bitfinex. Bitfinex is one of the crypto world’s legacy exchanges. It consistently performs as one of the highest ranked exchanges, taking into account trading volume, liquidity, website visits, and compatible fiat currencies (USD, EUR, etc.) It offers users state-of-the-art trading tools, and high-quality customer service. “We are delighted to bring our community access to HMT on such a prestigious exchange,” said Haryjot…

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IRS, Janet Yellen Press Lawmakers to Push ‘Tax Compliance Agenda’ — Banks to Report Deposits, Withdrawals of $600

On Wednesday, U.S. Internal Revenue Service (IRS) commissioner Charles Rettig and Janet Yellen, the Treasury secretary, urged lawmakers to give the IRS permission to report annual inflows and outflows from American bank accounts. Regardless of tax liability, financial institutions across the country will have to report accounts with at least $600 worth of transactions or more. The proposal stems from the Treasury’s “American Families Plan Tax Compliance Agenda.” Yellen, IRS Push Tax Compliance Agenda on Wednesday — Biden Fails to Mention Agenda in Tweets and Facebook Posts Using Twitter, United…

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Central Bank of Turkey Expands Research, Prepares to Test Digital Lira on New Platform

The Turkish central bank has established a new platform together with technology stakeholders to further the development of a digitalized version of the national fiat currency. The new collaboration will allow Turkey to focus on expanding research and conducting tests of the prospective digital lira. Turkey Sets Up Digital Lira Collaboration Platform The Central Bank of the Republic of Turkey (CBRT) has secured agreements with two defense and technology companies, Aselsan and Havelsan, the Scientific and Technological Research Council of Turkey, and the Informatics and Information Security Research Center to…

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‘Now is the time’: Biden’s influence faces Capitol crucible

The next few months will push President Joe Biden to wield every drop of his influence over Congress. Democrats are plunging into messy internal debates over social programs from child care to drug pricing as they try to beat back GOP resistance on voting rights while steering the United States away from economic catastrophe. And in order to avert a government shutdown, avoid a debt default and fight ballot access restrictions passed in some GOP states, Democratic lawmakers are urging Biden to get more directly involved. Senate Majority Whip Dick…

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Dan Crenshaw is building a young activist army, one summit at a time

An hour or so into Texas Rep. Dan Crenshaw’s conservative youth confab at the downtown Hilton Hotel in Houston this past weekend, technical difficulties began to mar the affair. A video call with Jordan Peterson, the provocative right wing professor the New York Times once called a “custodian of the patriarchy,” began to glitch. As staff tried to fix the sound, Crenshaw, standing on the stage in the hotel’s ballroom, improvised. Turning to the audience, which had pushed up close to hear him speak, he began taking questions. “What are…

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How ‘farmacies’ could promote healthier diets after Covid

CHARLOTTESVILLE, Va. — Audrey Oliver knows the difference between a store-bought tomato and one fresh from the farm. Nowadays, the fresh ones show up on her doorstep every other week. That’s because for Oliver, 66, food literally is medicine. She receives her box of fruits and vegetables as part of a “farmacy” movement that treats fresh produce as a way to promote health just like a pill or other prescription. She says she eats the fresh ones right away; the flat-tasting tomatoes from the store sometimes just sat and spoiled.…

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DHS: Extremists used TikTok to promote Jan. 6 violence

Federal officials warned law enforcement agencies this spring that domestic extremists had used TikTok in the lead-up to the Jan. 6 riots on the Capitol, including by promoting bringing guns to Washington that day, according to an internal government document — highlighting authorities’ growing concern over violent content on the video app. In the April 19 briefing reviewed by POLITICO, the Department of Homeland Security’s Office of Intelligence and Analysis said American extremists used the Chinese-owned social media platform to recruit people to their causes, as well as share “tactical…

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Max Rose plants the seeds for a return to Congress

Max Rose is officially plotting a comeback bid. The Staten Island Democrat is preparing to launch a rematch as soon as this fall against GOP Rep. Nicole Malliotakis — and Rose may get a leg up, given the seat will likely become far more favorable in redistricting. It’s a rare spot of optimism for House Democrats in the uphill battle to keep their majority. The 34-year old Army veteran was one of 13 House Democrats who fell to GOP challengers in the 2020 election, which was brutal for down-ballot candidates.…

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Africa Has Some of the ‘Highest Grassroots Adoptions in the World’ — Chainalysis Crypto Preview

While Africa is seen as one of the smallest cryptocurrency markets, according to a preview of Chainalysis’ Geography of Cryptocurrency annual report, this region has “some of the highest grassroots adoptions in the world.” African Volumes Mainly Composed of Retail Transfers The crypto adoption observation for Africa is corroborated by the blockchain analysis firm’s latest Global Crypto Adoption Index. According to this index, four African countries, namely Kenya, Nigeria, South Africa, and Tanzania, are all in the top 20. In addition to being the region with one of the highest…

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China’s Hebei Province Begins Crackdown on Crypto Mining and Trading, Reports Reveal

Authorities in the Chinese province of Hebei have reportedly launched a campaign against cryptocurrency mining and trading. According to a quoted announcement by the region’s cyberspace administration, a number of government agencies are working together to prevent the use of the region’s computing power in the crypto activities which the government considers illegal. Cyberspace Watchdog Targets Crypto Mining and Trading Operations in Hebei Hebei province in Northern China has become the latest Chinese region to undertake measures to clamp down on cryptocurrency mining and trading, media reports revealed. South China…

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Opensea NFT Marketplace Claims Employee Profited From Insider Information

On September 15, the top non-fungible token (NFT) marketplace, Opensea, revealed that an Opensea executive profited from insider trading. “Yesterday we learned that one of our employees purchased items that they knew were set to display on our front page before they appeared there publicly,” Opensea informed the public on Wednesday. Opensea did not name the employee, but social media posts accused an Opensea executive of using “secret wallets” on Tuesday. Opensea Team Says NFT Market Operators Are ‘Incredibly Disappointed’ Opensea is the leading NFT market in terms of trade…

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ABEY Is One of the Fastest-Growing Blockchains in the World Adding 20,000 New Addresses Each Week

This week, ABEY has announced that it has been adding an average of 20,000 active ABEY 2.0 addresses each week since the beginning of August 2021, making it one of the fastest-growing blockchains in the world and finishing an exceptional week that included the ABEY token being listed on Liquid Global, a premier international cryptocurrency exchange. ABEY developers say there are more than 120,000 active ABEY 2.0 addresses today, quadrupling from 30,000 addresses at the beginning of August. Developers say this growth began around the first airdrop of XT, the…

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Canada’s ‘Mad Max’ Supports Bitcoin — Says ‘I Hate How Central Banks Are Destroying Our Money and Economy’

Maxime Bernier, a former cabinet minister nicknamed “Mad Max” and the leader of the People’s Party of Canada (PPC), says he supports bitcoin and cryptocurrencies. “I hate how central banks are destroying our money and economy … cryptos are another new and innovative way to counter this that should be encouraged,” he said. ‘Mad Max’ Supports Bitcoin and Crypto Maxime Bernier, the leader and founder of the People’s Party of Canada (PPC), has revealed his support for bitcoin and cryptocurrency. He is a former Canadian foreign minister whose supporters have…

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