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Daily Crunch: India’s Central Bank says cryptocurrency ‘may even be worse’ than Ponzi schemes

TechCrunch

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?

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Daily Crunch: Thousands of Google Play users download Android banking trojan

TechCrunch

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. TechCrunch Experts.

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Daily Crunch: Twitter tells GitHub to remove proprietary source code and help them ID who posted it

TechCrunch

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!