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Friend.Tech Hype Sees Base Surpass Rival Layer 2 Blockchains in Average Transactions per Second

Base averaged a record high of 15.88 transactions per second on Tuesday, as investors flock to the layer 2 blockchain to gain access to Friend.tech. DappRadar blockchain analyst Sara Gherghelas discusses her take on what could be behind the Friend.tech hype and why it might be short-lived. "There are too many questions, too many doubts, to see this dapp in the next 6 months being still active," Gherghelas said.

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Australia Won't Introduce a CBDC for Some Years, Central Bank Says

Australia's central bank announced that the country will not likely make a decision on a central bank digital currency (CBDC) for some years due to several unresolved issues that surfaced at the end of the pilot project. "First Mover" hosts Jennifer Sanasie and Amitoj Singh weigh in.

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FTX's Sam Bankman-Fried Latest Court Appearance an 'Interesting Peek' After Being Jailed: Legal Expert

Renato Mariotti, Bryan Cave Leighton Paisner LLP partner, weighs in on FTX founder Sam Bankman-Fried facing arraignment yet again in a New York Court on Tuesday. "This is going to be an interesting peek at Sam Bankman-Fried after he's been in prison, remember that he was repeatedly violating his conditions of release," Mariotti said.

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Thailand Warns Facebook Parent Company Meta to Curb Crypto Scams

Thailand’s Ministry of Digital Economy and Society (DES) has told Meta's (META) Facebook to curb the number of fraudulent crypto investment scams being advertised on the site. And, the Minister in charge of DES has asked a Thai court to prepare an order that would shut down Facebook by the end of the month if the platform doesn’t comply. "First Mover" hosts Jennifer Sanasie and Amitoj Singh break down the latest developments.

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Indian Crypto Exchange CoinDCX Is Slashing 12% of Jobs Amid Bear Market, Crypto Taxes

One of India's most prominent cryptocurrency exchanges, CoinDCX, is cutting about 12% of its staff as the prolonged bear market and India's tax policies hit revenue. CoinDesk regulatory reporter Amitoj Singh breaks down how crypto services are impacted by the stiff taxes India has imposed on the industry.

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Securitize CEO on Onramp Acquisition, Future of Asset Tokenization

Asset tokenization firm Securitize has acquired digital asset wealth platform Onramp Invest to extend its offering to registered investment advisors (RIAs). Securitize CEO Carlos Domingo discusses the details of the acquisition and possible plans for further expansion, as part of an ongoing push to tokenize real-world assets.

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Spot Bitcoin ETF in the U.S. Will Facilitate Flow of 'New Money' Into Bitcoin: ETC Group CSO

Bitcoin (BTC) is holding firm around $26,000 after a massive sell-off last week. ETC Group chief strategy officer Bradley Duke shares his crypto markets analysis and thoughts on what could happen if the U.S. sees a spot bitcoin ETF approved.

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FTX's Sam Bankman-Fried Is the 'Problem,' Not His Lawyers: Former Federal Prosecutor

FTX founder Sam Bankman-Fried is back in court on Tuesday, getting arraigned on the most recent version of his indictment. Renato Mariotti, Bryan Cave Leighton Paisner LLP partner and former federal prosecutor, discusses what to make of the latest developments. The problem is "not the lawyers, it's Sam Bankman-Fried," Mariotti said. 

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Bitwise CIO Expects to See an Ether Futures ETF Decision Before One on Spot Bitcoin

Matt Hougan, Bitwise Asset Management Chief Investment Officer, discusses his outlook on the possible timeline for an ether futures ETF getting approved in the U.S., along with the evolving dynamics in the crypto ETF space. "I think we will see a decision on ETH futures before we will see a decision on spot bitcoin," Hougan said.

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FTX Debtors Change Settlement Proposal After Objection From U.S. Trustee

Bankrupt crypto exchange FTX has revised its motion for settlement after the U.S. Trustee objected to an earlier motion, according to a court filing. CoinDesk's global policy and regulation managing editor Nikhilesh De breaks down the new proposal. Plus, the latest on Sam Bankman-Fried's case as the disgraced FTX founder asks to be released from jail five days a week for legal defense work.

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