Ethereum reclaims 42% outflows from Solana: DeFi Report
The DeFi Report founder, Michael Nadeau, said most of the value that left Ethereum flowed to layer 2s that would continue to drive value to the layer-1 blockchain.
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Ripple-Backed Omni Rentals to Shut Down by Late 2019: Report
Omni Rentals, a $35 million-funded storage and rental startup backed by major crypto firm Ripple, is reportedly shutting down its operations. As Omni is expecting to close its platform by the end of 2019, about 10 of Omni’s engineers will be hired by major American crypto exchange and wallet service Coinbase, tech-focused publication TechCrunch reports…

Latin America sends a ton of crypto to Asia, and vice versa
Latin American companies are looking towards crypto as an escape from the banking system. New York-based blockchain analytics firm Chainalysis has published new research highlighting there have been up to 200,000 crypto transactions in the past year, worth more than $1 billion between Latin America and Asia.The study Latin America Mitigates Economic Turbulence with Cryptocurrency,…

Demand for Legal Experts With Blockchain Tech Knowledge is High, Report
Demand for legal experts with blockchain technology knowledge is high, according to Major, Lindsey & Africa managing director Brian Burlant, who recruits for law firms and in-house legal departments. The news was published by legal news and information site Law.com on April 17.According to Burlant, law firms are having difficulty keeping up with cryptocurrency and…

Huawei CEO: Why Wait for Facebook? China Can Issue Its Own ‘Libra’
The CEO of Chinese tech giant Huawei thinks that China can compete with Facebook for market share by issuing its own digital currency.Huawei CEO: ‘Why wait for others to issue it?’As national news outlet Sina reported quoting a press conference in Italy on July 18, Ren Zhengfei believes China can easily create a digital currency…

Former Alameda CEO confirms firm borrowed billions from FTX customer deposits as part of plea deal
According to court documents, Caroline Ellison said she and SBF signed off on “materially misleading financial statements” for Alameda lenders — knowing it was illegal. 856 Total views 23 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as NFTCaroline Ellison, the former chief executive officer of Alameda Research, said as part of her plea…

New Proposed ETF Would Encompass Bitcoin Futures Alongside Sovereign Debt Instruments
Reality Shares ETF Trust — a unit of crypto-focused fintech firm Blockforce Capital — has filed a proposal for an exchange-traded-fund (ETF) that would invest in a portfolio which includes both sovereign debt instruments and Bitcoin (BTC) futures.The ETF filing was submitted to the United States Securities and Exchange Commission (SEC) Feb 11.ETFs are securities…

Can Web3 be hacked? Is the decentralized internet safer?
Security stands as one of the most crucial features as, in a Web3-powered world, tools and applications hosted over the blockchains go mainstream. 209 Total views 30 Total shares Web3 came into existence posed as a blockchain-powered disruption to the current state of the internet. Yet, as a nascent technology, a fog of assumptions plagues…

Crypto Markets Continue Rising While Bitcoin’s Dominance Continues to Drop
Monday, April 1 — crypto markets have continued to rise, with Bitcoin (BTC) seeing stable growth over the day, according to data from CoinMarketCap.Out of top 20 cryptos by market cap, only two coins are in the red at press time. Over the past 24 hours, Tezos (XTZ) is down about 5.7 percent, while Cardano…