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We have a busy slate for you today, including news sure to annoy the blockchain faithful, new funds, Facebook’s latest rebrand and more. India continues to debate the fate of cryptocurrencies : A nation’s regulatory and banking bodies debating blockchain technology and its related tokens is a daily occurrence. The latest?
Lido wants to help stake Ethereum : I won’t get into the proof of work versus proof of stake argument here, so suffice it to say that more eth needs to get staked for the blockchain to evolve. Per our reporting, Lido “is the market leader for Ethereum liquid staking” and just raised $70 million from a16z.
The rise of cryptocurrency, the blockchain, and web3 technologies 4 has also introduced conversations around decentralized identity and verifiable credentials. The rise of cryptocurrency, the blockchain, and web3 technologies 4 has also introduced conversations around decentralized identity and verifiable credentials.
CEO Anatoly Yakovenko announced this week that its first product, the Osom OV1, will be an Android smartphone that supports decentralized apps reliant on the Solana blockchain. Meanwhile, in India, the central bank is cracking down on fintech startups , reports Manish. Reactions have been mixed, Jacquelyn reports.
Startups and VC First Citizens Bank has agreed to buy $72 billion in deposits and loans from Silicon Valley Bridge Bank , the California lender formerly known as Silicon Valley Bank that was taken over by the FDIC two weeks ago, Manish reports. Ivan explains what happened next. Avoid these 7 mistakes. Go together!
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