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“# Fei Protocol struggles with a bug as holders are mostly unable to sell the token ” Wednesday’s crypto market correction put a heavy burden on the FEI project, the latest attempt at creating an algorithmic stablecoin that would remain stable in the face of market turbulence. Due to the particular mechanics of the protocol,…
“# Riot Blockchain purchases 42,000 Antminers from Bitmain ” Riot Blockchain, a cryptocurrency mining company, has expanded its fleet and mining capacity with a new purchase order for 42,000 S19j Antminers from Bitmain. Megan Brooks, Riot’s COO, said the latest purchase order positions her company and the United States at the center of the Bitcoin…
“# Upbit investor stock price surges three-fold amid bullish crypto trading in South Korea ” The effects of South Korea’s crypto frenzy seem to be spreading beyond the cryptocurrency market to affect stock prices in the country’s stock exchange. According to a report by Bloomberg on Wednesday, Hanwha Investment & Securities Co. has seen its…
“# $400M African fertilizer deal executed on blockchain eases COVID-19 slowdown ” A state-owned Moroccan fertilizer company has executed a $400 million transaction using blockchain technology, in what it says is a first for intra-African commerce. In a deal facilitated by the Eastern and Southern African Trade and Development Bank, OCP Group sold phosphate fertilizer…
“# DeFi needs regulatory clarity to interface with ‘real-world’ finance, experts say ” Rune Christensen, founder and CEO of DeFi bluechip MakerDAO, says the decentralized finance space is set to move from its current isolated bubble phase toward more integration with the broader financial landscape. Christensen made this known during Tuesday’s plenary session “Behind the…
“# CEO of biggest crypto exchange has ‘close to 100%’ of net worth in crypto ” Changpeng Zhao, founder and CEO of the largest global cryptocurrency exchange, Binance, and one of the world’s top crypto billionaires, does not own much except crypto. “I’m one of those guys who value liquidity much more than owning something….
“# Jump Trading makes equity investment in sports fan token ecosystem Chiliz ” Blockchain-based sports platform Chiliz has sealed an equity investment of an undisclosed amount from Chicago-based trading firm Jump Trading LCC. Jump Trading — a proprietary trading firm founded 20 years ago by Chicago futures pits veterans Bill DiSomma and Paul Gurinas —…
“# Goldman Sachs CEO believes Bitcoin regulations are set for a ‘big evolution’ ” David Solomon, CEO of Goldman Sachs has forecast a “big evolution” in how the U.S. government regulates Bitcoin and other cryptocurrencies, in relation to financial institutions. In an interview with CNBC today, Solomon was quizzed on the banking giant’s moves to…
“# Coinbase’s first quarter revenue hits record $1.8B ahead of its Nasdaq listing ” Coinbase has announced impressive first quarter results one week before the exchange’s direct listing on the Nasdaq, estimating that trading volume is up 276% and quarterly revenue has hit $1.8 billion. The bountiful revenue, revealed in the company’s Q1 earnings call,…
“# Nifty News: Playboy’s revealing tokens, SNL’s NFT skit sold as an NFT, and more … ” Playboy centerfolds will be sold as NFTs after the classic men’s magazine announced a partnership with Nifty Gateway today. The entertainment and lifestyle brand, famous for its Playboy bunnies, distinctive logo, and the dubious claim that men “only…