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Maker launches new protocol with whales going gaga, but this issue persists

MakerDAO, on 1 Septermber, posted an announcement regarding a new executive proposal. The proposed executive propsal was for DAO members to cast their votes while making important decisions. The first decision being the drawing down of $25 million DAI to HVbank. The second decision revolves around the launch of the Maker teleport (technology that helps users exchange DAI from L2 to L1) on Optimism and Arbitrum. With the upcoming launch of the teleport technology...

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Hack Hit Babylon Finance To Shut Down

Babylon Finance is the latest in line to discontinue its services, but the reason behind the asset manager’s demise is different from most. The asset management platform recently announced its planned shut down, citing a previous ruinous event. The Crypto Winter also played a part.

Effects of the Rari Hack precipitated bearish sentiments into the ecosystem

Ramon Recuero, founder of Babylon Finance, disclosed the decision on Twitter in the late hours of Wednesday. The software engineer revealed that the asset management...

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Litecoin Price Jumps 6% In Two-Day; Are You Still Buying?

Published 1 hour ago Litecoin price jumps for the second straight day, despite a broader crypto market meltdown. LTC hovers in a range of $52.0 and $56.0 for the past few sessions. Bulls managed to take control from the lows of $52.0 and made a corrective pullback in today’s session from the highs of $56.54. We expect LTC to scale higher if the price is sustained above $57.50 on the daily chart. Litecoin price extends gains for the second straight day. The...

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FTT is doing well on charts, but traders must watch out for these signs

The FTX [FTT] token has been seeing quite a bit of volatility in the past few days. But a recent development may propel the token in a positive direction. In the latest tweet, WhaleStats stated that the FTT token is in the top 10 most traded tokens, among the biggest ETH whales. This could be perceived as a positive sign and there may be a chance that the price of the token may...

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Yield app unveils higher yield passive income product

Yield App’s new Earn Plus products are an addition to the existing passive crypto income range. Yield App, a global FinTech company and digital wealth platform which has attracted more than 80,000 customers since its launch in February 2021, is enhancing its product suite with a new higher-yielding crypto passive income alternative. The new crypto passive income product suite has been named Earn+ and comprises stablecoin and Ether portfolios with a 30-day redemption notice period. In addition, the existing BTC passive...

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FTX’s Sam Bankman-Fried Visited White House in May

Key Takeaways

FTX CEO Sam Bankman-Fried and other employees of the FTX exchange visited the White House in May. Details of the visit are unknown, but the visit coincided with Bankman-Fried's testimony before Congress. FTX staff met with members of the Biden administration rather than President Joe Biden himself.

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FTX CEO Sam Bankman-Fried and other exchange staff visited the White House in May, according to visitor logs.

FTX CEO and Others Visited White House

FTX staff visited the White House this year.Newly-published log...

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NEAR rounds off a strong week on the back of these indicators

NEAR Protocol has been experiencing a sharp change in fortunes. The social activity on NEAR Protocol has been a glaring indication of rising activity. According to LunarCrush, Alt Rank on the NEAR token has dropped in the past three days. This was also reflected in the NEAR price which reacted positively. At press time, the NEAR token was up by 3.5% in the past 24 hours after crypto markets saw some relief since 30...

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