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Safe and sustainable photo-on-demand synthesis of polypeptide precursors: Promising “building blocks” for new functional materials – CNET – ApparelGeek

Animals such as spiders make fibers strong and elastic. These fibers have a polypeptide structure and serve as inspiration for research on the development of functional materials. Alpha-amino acid N-carboxyanhydrides (NCAs) are artificial polypeptide precursors, but they are difficult to produce. Using the photo-on-demand method they previously developed, a research group synthesized NCA in a … Read more

Whistleblowers accuse the FDIC of stifling crypto firms’ access to banks – CNET – ApparelGeek

by Michael Backman

Federal regulators may be going too far in encouraging banks not to work with crypto companies, according to the top Republican on the Senate Banking Committee. Sen. Pat Toomey of Pennsylvania sent a letter Tuesday to Federal Deposit Insurance Corporation Acting Chairman Martin Gruenberg noting that whistleblowers have come forward to say the FDIC is … Read more

Coinbase’s earnings have Wall Street wondering if the crypto firm is being overly optimistic or misunderstood – CNET – ApparelGeek

by Michael Backman

Coinbase Global Inc. executives remain optimistic about the long-term promise of their cryptocurrency platform, but admitted on Tuesday that current challenges in the crypto market are likely to persist. After posting a loss of $1.1 billion in the last quarter amid declining volumes and active user counts, Coinbase COIN,+7.73%predicted that volumes and monthly users transacting … Read more

Tax Free Crypto Payments? Senators propose bill for transactions under $50 – CNET – ApparelGeek

by Kelly Nieves

A new bill proposed by two US senators would make cryptocurrency transactions for less than $50 tax-exempt. The Virtual Currency Tax Fairness Act of 2022, which was proposed by Republican Senator from Pennsylvania Pat Toomey and Democratic Senator from Arizona Kyrsten Sinema, has the stated goal of “simplifying the use of digital assets for everyday … Read more

Game pauses on ‘metaverse’ dating and Tinder crypto, stock plunges 20% after surprise loss – CNET – ApparelGeek

by Met Fabtech

Shares of Match Group Inc. were pummeled on Tuesday after the online dating company’s new chief executive detailed a slowdown in its most popular product, Tinder, and decided to suspend new initiatives such as crypto-based on Tinder and “metaverse” dating. Match MTCH,+4.32%reported a loss of $31.86 million, or 11 cents per share, compared to earnings … Read more

Crypto exchange CoinFlex won’t lift withdrawal freeze just yet, despite ‘significant progress’ in fundraising for bailout tokens, CEO says – CNET – ApparelGeek

by Angela Beverly

Crypto exchange CoinFlex, which has halted user withdrawals since June 23, will not lift the freeze on Thursday as originally planned, Mark Lamb, the company’s chief executive, told CNET. The exchange attempted to raise $47 million in USDC USDCUSD stablecoin,since Tuesday through the sale of a token called Recovery Value USD, or rvUSD, in an … Read more

One of Crypto’s Biggest Names Defaulted on $47 Million USDC Debt, Says Coinflex – CNET – ApparelGeek

by Kelly Nieves

Chief executive of crypto exchange CoinFlex, Mark Lamb, said on Tuesday that he issued a notice of default to Roger Ver, an early crypto investor and chief executive of Bitcoin.com, alleging that Ver n failed to respond to a margin call and owed the exchange $47 million USDC. Lamb made the comments on Twitter after … Read more

British bride-to-be tried to rob store after crypto scam – CNET – ApparelGeek

by Michael Backman

A British groom was filmed being tackled as he attempted to rob a store – just moments after learning he had lost the money to pay for his wedding in a crypto scam, a court has heard . Charity worker Louis Crosby, 25, had “naively” converted his savings into a bogus investment in digital cash, … Read more

Coinbase stock continues to slide as ‘extreme drop’ in crypto prices prompts JP Morgan to downgrade – CNET – ApparelGeek

by Met Fabtech

Shares of Coinbase Global Inc. were expected to extend their decline on Tuesday after a JP Morgan analyst dropped its bullish call following an “extreme decline” in cryptocurrency prices. “While we continue to believe in cryptocurrency markets and blockchain technology, the extreme price drop in cryptocurrency markets in 2Q22 combined with Coinbase’s COIN,-11.41%the ramp-up in … Read more

ProShares Bitcoin Strategy ETF Tanks As Crypto Rout Deepens – CNET – ApparelGeek

by Met Fabtech

Funds exposed to bitcoin fell on Monday as the stock market sold off sharply and investors worried about issues on high-profile crypto platforms. Shares of the ProShares Bitcoin Strategy ETF BITO,-19.67%and the VanEck Bitcoin Strategy ETF XBTF,-19.87%were down around 19% on Monday, while the Valkyrie Bitcoin Strategy ETF BTF,-19.79%fell almost 20%, according to FactSet data, … Read more