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Blockchain
IMF Warning Shrugged Off; US Stablecoin Bill Race
The crypto market quickly rebounded after the International Monetary Fund (IMF) predicts increased recession risk. MicroStrategy shares fall after a Jefferies downgrade to ‘underperform’. Plus, venture capital funding is close to surpassing a 2021 record. And South Korean prosecutors slap ‘notification upon arrival’ on Terra’s Do Kwon. We’ll have more on those stories — and other news shaping the cryptocurrency and blockchain world — in this episode of The Daily Forkast, July 27.
Fantom to Fund Ecosystem Projects Using Portion of Burn Fees
A governance vote saw an overwhelming number of community members in favor of using one-third of Fantom’s burn fees to fund new projects.
Ken Moelis' Investment Bank Creates Group to Focus on Blockchain Deals
The New York bank, founded in 2007, is looking at crypto deals with more intent.
Tribal Groups in Remote Indian Area Get Blockchain Caste Certificates
The new program hopes to stem corruption of those who wrongly identify as members of India’s indigenous peoples or lower-caste sections.
Dogecoin's DOGE Sees Volatile Trading After Upgrade
Dogecoin regressed Wednesday's gains even as the upgrade went live.
Solana's New Daily Address Growth Outpaces Other Blockchains, SOL Jumps
Data shows that active wallets using the popular network have grown by over 58% since the start of this year.
THORChain Phases Out Support for Rune Tokens on Ethereum, BNB Chain
The move comes weeks after THORChain’s native blockchain went live on seven supported networks.
Indian Exchanges Hold Meeting to Discuss Way Forward After Crypto Advocacy Body Is Dissolved: Sources
The meeting is currently underway and at least 10 major exchanges are involved in the deliberations.
5ire Raises $100M to Fund Expansion of Sustainable Blockchain
The company will use what it calls a Proof-of-Benefit mechanism, saying it is the only sustainability-focused blockchain unicorn in the world.
