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Blockchain Scalability Firm StarkWare Launches Recursion to Streamline Ethereum

“After turning on recursion this week, we now have the ability to fit tens of millions of NFT mints into a single recursive proof, and therefore into a single Ethereum transaction,” said Eli Ben-Sasson, president and co-founder at StarkWare, in a media brief provided to CoinDesk. “We’re not using recursion at this intensity yet, but …

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Blockchain Services Firm Equonex Closes Crypto Exchange, Citing Volatility and Dwindling Volume

“As a young and maturing financial services business, our resource allocation needed to change to reflect the current market conditions and the opportunities that we are best placed to capture,” Equonex CEO Jonathan Farnell told CoinDesk via email. “We are exiting underperforming businesses that no longer fit within our future strategy to focus on areas …

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Crypto-focused venture firm Dragonfly acquires hedge fund: Bloomberg

Cryptocurrency venture firm Dragonfly has acquired a digital asset-focused investment fund for an undisclosed amount — a move that managing partner Haseeb Qureshi said mirrors the broad consolidation trend underway in the industry.  Bloomberg reported Monday that Dragonfly purchased MetaStable Capital, a hedge fund co-founded by Naval Ravkiant in 2014, for an undisclosed sum. In …

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Crypto Mining Hosting Firm Applied Blockchain Adds $15M Loan to Pay Off Debt, Fund Growth

Debt has been a sore spot for some crypto miners, some of whom have faced margin calls on their loans as the value of their collateral, usually bitcoin or equipment, has diminished during the past few months’ market rout. However, given the capital heavy nature of the mining business, raising funds through debt has been …

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