Australian stablecoin startup Stables expands to Europe and UK
Stables co-founder Bernado Bilotta says stablecoins are starting to break free of “crypto-native” applications and make their way into the mainstream.
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Report: Major South Korean Crypto Exchange Bithumb to Lay Off Up to 50% of Staff
Major South Korean cryptocurrency exchange Bithumb is reportedly cutting up to 50 percent of its workforce, a report from CoinDesk Korea stated on March 18.According to the report, an unnamed official has confirmed that the exchange will reduce its staff from 310 (at the start of March) to around 150, and is offering a voluntary…
Uber’s Largest Shareholder Softbank Denies Deal With Bitmain, Other Investments Uncertain
An official from Softbank has denied their involvement in the investment deal with Bitcoin (BTC) mining behemoth Bitmain that was reported last week by both crypto and mainstream media sources. As previously reported, Bitmain had allegedly sealed a pre-Initial Public Offering (IPO) financing deal which had brought its valuation to $15 billion. Both Chinese tech…
Billionaire investor John Paulson says crypto has ‘no intrinsic value’
The billionaire subprime short-trader in the 2008 financial crash said that digital assets have a “limited supply of nothing.” 603 Total views 504 Total shares Speaking in a recent interview, subprime short investor and billionaire portfolio manager John Paulson criticized the volatile nature of digital assets, while advocating for investments in traditional safe-havens such as gold.The…
Microsoft Windows data blackout downs major financial firms, airlines
Global Microsoft Windows failure possibly linked to a CrowdStrike software update has disrupted critical services worldwide, hitting banks with widespread online banking outages and grounding flights.
Breaking: Terra blockchain officially halted following LUNA price collapse
Validators decided to halt chain operations on Thursday in anticipation of governance attacks as the LUNA token plunged over 99%. 6872 Total views 21 Total shares Validators for the Terra blockchain have decided to officially halt network activity on Thursday in a move designed to prevent governance attacks following the severe devaluation of the network’s…
DeFi Tokens Outperformed Bitcoin in Q2 but Will the Rally Continue?
Compound, the Decentralized Finance protocol, reached the $1 billion dollar mark in funds borrowed from its protocol on June 13, with its top three markets being the DAI and USDC stablecoins followed by Ether (ETH).Currently, MakerDAO’s DAI takes the lead with 79.88% of value borrowed from its protocol. Stablecoins seem to be popular in Compound…
21Shares to list Polkadot ETP on Swiss SIX exchange
21Shares’s Crypto Basket ETP has also replaced Bitcoin Cash with Polkadot. 2911 Total views 14 Total shares 21Shares, a major provider of cryptocurrency exchange-traded products, or ETP, is launching the world’s first Polkadot (DOT) ETP.The new product, DOT ETP, will be listed on the Swiss SIX exchange on Feb. 4, 2021, 21Shares announced Tuesday.The new…
Banks vs. exchanges — regulators overwhelmingly penalize fiat, not crypto
Data from a recent report suggest that enforcement actions from U.S. regulators against those in the crypto space cost those firms less than 1% of that in traditional finance for the last 20 years. 622 Total views 12 Total shares While regulators have often targeted projects in and out of the crypto space, the fines…