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“# Circle IPO further legitimizes crypto before regulators, outsiders ” Circle’s merger with Concord Acquisition Corp, a special purpose acquisition company, or SPAC, values Circle at $4.5 billion, and the combined entity is expected to debut on the New York Stock Exchange under the ticker CRCL before the end of the year. The merger/offering was…
“# Binance stops stock token sales, ‘effective immediately’ ” Binance’s highly popular stock tokens, a relatively recent offering, are being wound down immediately. In an announcement published on Friday, the exchange announced that “effective immediately,” stock tokens are unavailable for purchase on Binance.com. As of October 14, 2021, at 7:55 pm UTC, the exchange will…
“# Argentinian league rebrands to Torneo socios.com with new partnership ” Argentina’s top pro-soccer league is getting a rebrand after it secured a new sponsorship deal with Chiliz, the creators of fan tokens and the Socios.com blockchain rewards app. According to a July 15 announcement from Socios, the partnership with the Argentina Football Association (AFA) will…
“# Michael Saylor doesn’t think Bitcoin is ‘going to be currency in the US ever’ ” MicroStrategy CEO Michael Saylor thinks that Bitcoin is more like digital property than digital currency. He was speaking on the July 15 edition of the “Coin Stories” podcast with host Natalie Brunell. Asked if he thought that Bitcoin was…
“# Master-pieces: Swiss bank issuing NFT shares in Picasso painting for $6K each ” Digital asset-focused Swiss Bank, Sygnum, has teamed up with art investment firm Artemundi to offer fractionalized ownership shares in a Pablo Picasso painting for $6,000 each. Shares representing ownership over $3.68 million Picasso painting, “Fillette au béret,” will be tokenized and…
“# DeFi on Bitcoin: Jack Dorsey launches new Square division to make it ‘easy’ ” Square CEO Jack Dorsey has stated that the firm is building a new division that will focus on building decentralized finance services that utilize Bitcoin. Dorsey made the announcement via Twitter earlier today, and revealed that Square’s new division will…
“# PayPal increases crypto purchase limits to $100K ” Payment provider company PayPal now allows U.S.-based users to purchase up to $100,000 in crypto weekly. In a Thursday announcement, PayPal said it had increased the crypto purchase limit for certain customers based in the United States from $20,000 to $100,000 per week. The company said…
“# DoubleLine CEO sees Bitcoin buy moment at $23K, predicts US dollar will drop ‘pretty substantially’ ” Jeffrey Gundlach, the CEO of investment management firm DoubleLine, implied that Bitcoin could see more favorable activity in the long term than that of the U.S. dollar. In a Wednesday interview on CNBC’s Halftime Report, Gundlach said he…
“# Fruits of the land: Blockchain traceability gives farmers a competitive advantage ” The global food and agriculture industry is a trillion-dollar sector that is growing exponentially. According to findings from the World Bank, agriculture alone accounted for 4% of global domestic product, or GDP, f the United States in 2018. The report further noted…
“# 1inch Foundation launches $3M grants program for DeFi developers ” 1inch Foundation, the non-profit organization of the 1inch decentralized exchange aggregator, has earmarked $3 million to fund new protocol upgrades as part of a grants program targeting developers. Over the next 12 months, 1inch Foundation will disburse grants for projects in the following categories:…