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“# Did Elon Musk’s ‘jet fuel’ set GameStop (and Bitcoin) ablaze? ” Depending on where you stand on the GameStop saga, which saw organized retail traders extract $6 billion from Wall Street overnight, you may think someone should either take the matches away from Elon Musk, or give him more. The CEO and “Technoking” of…
“# Brian Brooks defends fintech charter to House Financial Services Committee ” Brian Brooks has defended the fintech banking charter introduced while he served as the acting comptroller of the currency after Congressional Democrats took aim at the license on Thursday. Brian appeared as a witness before the House Financial Services Committee’s Subcommittee on Consumer…
“# Liquity Protocol attracts $1B TVL in just 10 days ” The team behind Liquity Protocol — a DeFi project launched on April 5 — has attracted $1 billion worth of locked up value according to data from Dune Analytics. From $0 to $1B TVL in 10 days Here’s some charts highlighting Liquity’s growth so…
“# Rothschild Investment Corp snaps up quarter of a million shares in Grayscale ETH Trust ” Chicago-based financial institution Rothschild Investment Corp, has acquired 265,302 shares in Grayscale’s ETH trust, according to a filing on April 15 with the United States Securities Commission or SEC. The firm also added more Grayscale Bitcoin trust shares to…
“# DOGE passes Uniswap and Litecoin to become 8th largest cryptocurrency by market cap ” The price of Dogecoin has surged seemingly without any push from prominent figures on social media or major developments in the project. According to data from CoinMarketCap, the price of Dogecoin (DOGE) is more than $0.18 at time of publication,…
“# Mick Jagger is using NFTs to raise money for indie music venues ” The Rolling Stones lead singer Mick Jagger is jumping into the nonfungible token craze to help independent music venues that have been adversely affected by the pandemic. In an announcement from the music legend on Thursday, Jagger said he had started…
“# Google Cloud integrates Band Protocol for real-time crypto price data ” Google Cloud is incorporating core technology from Band Protocol, a decentralized oracle service, to enable “immediate and accurate analysis of financial time series data,” according to Kevin Lu, head of business development at Band. Lu announced Thursday that Band’s Standard Dataset is now…
“# UK hedge fund reportedly plans to invest $84M in crypto ” Brevan Howard, a U.K.-based asset management firm, is reportedly planning to directly invest in digital assets after more than a year of exposure to the crypto space. According to a Bloomberg report, Brevan Howard Asset Management will be allocating 1.5% of the $5.6…
“# Gold-as-a-currency: Kinesis launches blockchain-backed monetary system in Indonesia ” Kinesis, a gold-backed monetary system based in the Cayman Islands, has launched a Sharia-compliant version of its product in Indonesia, setting the stage for wider acceptance of its blockchain solution in the world’s largest Muslim-population country. The product, PosGO Syariah, is described as the first…
“# Blackrock CEO says crypto ‘may become a great asset class’ but is no substitute for currency ” Despite the successful rollout of Coinbase’s stock on Wednesday, Blackrock CEO Larry Fink still expressed some concerns over the institutional adoption of crypto. In an interview with CNBC’s Squawk Box on Thursday, Fink said he was “encouraged…