A runoff election in Argentina, Sunday, resulted in a win for Javier Milei, a libertarian on the political right who wants to dollarize the country’s economy and has expressed support for Bitcoin.

Milei won about 56% of the vote versus just over 44% in the runoff, in Latin America’s third most populous nation.

In a country which has recently witnessed triple-digit rates of inflation, Milei sees bitcoin and digital currencies as an effort to “return money to its original creator: the private sector.”

Emphasizing Bitcoin’s finite supply, he regards it as a more secure alternative to traditional mediums like gold or silver​​​​.

Milei, known for his anti-central banking…

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Crypto exchange Poloniex recently posted a message to the hacker responsible for stealing over $100 million in digital assets from one of its wallets saying that they’ve identified the person and are giving the perpetrators a chance to return the assets in exchange for a $10 million bounty. 

An on-chain message shared by blockchain security firm PeckShield on social media shows Poloniex’s message to the hacker. According to the exchange, they have already confirmed the hacker’s identity. The exchange further highlighted that they are working with various law enforcement agencies from the United States, Russia and China.

Furthermore, Poloniex mentioned that the stolen funds are…

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Global cryptocurrency exchange-traded products (ETP) have seen a significant uptick in 2023, reportedly outpacing the growth of underlying assets, according to a report by digital asset platform Fineqia.

Crypto-based ETPs issued by companies like 21Shares, Grayscale and CoinShares recorded a 91% increase in total assets under management (AUM) from Jan. 1 to Oct. 31, 2023, Fineqia reported.

The surge of crypto ETPs has outperformed the growth of underlying digital assets by 30%, as cryptocurrencies had comparatively slower growth of around 70% over the same period.

Fineqia’s study included all currently issued a total of 168 crypto ETPs, based on the ETP AUM data from sources like…

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Bitcoin (BTC) starts Thanksgiving week in the United States with a return to $37,000 as bulls stubbornly refuse to loosen their grip.

BTC price action remains tantalizingly near 18-month highs as another weekly close provides a fresh taste of bull market momentum.

The largest cryptocurrency continues to hold onto reclaimed ground, and while upside now comes slower than in previous weeks, BTC/USD is up 7% month-to-date.

How could the coming days shape up for Bitcoin?

Macroeconomic data prints provide the opportunity for some snap volatility, while under the hood, the landscape when it comes to Bitcoin’s network fundamentals is as rosy as it has ever been in 2023.

At the same time, supply…

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Around $9 million in dYdX v3’s insurance fund, roughly 40% of its total v3 funds, was used to process liquidations after an organized attack this weekend. 

According to dYdX founder Antonio Juliano, the open interest (OI) for YFI, DeFi protocol Yearn Finance’s native token, had spiked from $0.8 million to roughly $67 million on the decentralized exchange (DEX), trading at a significantly higher price than other perpetual trading platforms. 

OI refers to the amount of all outstanding derivative contracts and keeps track of all unsettled positions. The greater amount of contracts, the higher the OI. 

This was the result of one malicious actor, Juliano wrote on X, pointing at…

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Microsoft CEO Satya Nadella posted on X, stating that the company is hiring both former OpenAI CEO Sam Altman and president Greg Brockman.

On Nov. 20, Nadella posted that he is “extremely excited to share the news that Sam Altman and Greg Brockman, together with colleagues, will be joining Microsoft to lead a new advanced AI research team.”

We remain committed to our partnership with OpenAI and have confidence in our product roadmap, our ability to continue to innovate with everything we announced at Microsoft Ignite, and in continuing to support our customers and partners. We look forward to getting to know Emmett…

— Satya Nadella (@satyanadella) November 20, 2023

The post also…

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Next year’s most successful Web3 games will pivot from play-to-earn (P2E) to instead focus on being completely free-to-play to dr in players, says Yield Guild Games CEO and co-founder Gabby Dizon. 

Speaking to Cointelegraph, Dizon said unlike games such as Axie Infinity — which require players to purchase at least three Axie nonfungible tokens (NFTs) to play — the new wave of hyper-successful Web3 games will seek to remove as many of the financial and technical barriers to entry as possible.

“There’s this big realization that for millions of people to be able to get into a game, they have to be free-to-play first.”

“There’s an evolution of the business model where the games…

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The cryptocurrency market gained momentum on Sunday evening after the news broke that Argentina today elected libertarian candidate Javier Milei, who is a staunch Bitcoin supporter as its new president. 

CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EST)Bitcoin BTC/USD+2.31%$37,377Ethereum ETH/USD+2.78%$2,005Dogecoin DOGE/USD+2.33%$0.080

What Happened: Milei has secured 56% of the tally, while Sergio Massa, his opponent trails behind with 44%, according to Bloomberg. Following Massa’s concession, Bitcoin has experienced a significant increase of nearly 3% in the past 24 hours, reaching $37,350.

Milei has been openly critical of the country’s central bank, going as far as labeling it…

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