The crypto-friendly social media platform keeps its pro-Bitcoin CEO. Twitter CEO and major Bitcoin (BTC) bull Jack Dorsey will keep his role at the company, according to a recent decision by a Twitter board committee. As Bloomberg reported on Nov. 2, the committee officially reviewed Twitter’s leadership as part of a March 2020 agreement with activist investor Elliott […]
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HSBC Bangladesh has completed the country’s first blockchain-powered cross-border trade settled using a letter of credit. The Bangladesh branch of global banking firm HSBC has conducted the country’s first blockchain-based letter of credit (LC) transaction on the Contour DLT platform. The transaction was used to settle the importation of 20,000 tonnes of fuel oil from […]
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While Bitcoin’s value has increased by more than one-third since September, DeFi tokens have floundered. Are the two things related? The co-founder of crypto data aggregator Markets Science, Twitter-user ‘Bitdealer,’ has shared a chart indicating negative correlations between 11 top DeFi tokens and BTC over the past 45 days to Nov.1, with AAVE showing neutral […]
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PayPal is planning to launch crypto services for users of its platform globally, along with the Venmo app, and the company will explore central bank digital currencies. Senior executives at global payments giant PayPal have revealed further details about its plans to aggressively push into the crypto sector next year during the firm’s Q3 2020 […]
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Auditors see foul play in the deployment of the smart contract, resulting in a classic scam. On November 2, the Axion Network launched its new token, known as AXN. The project touted the asset as a new investment vehicle, claiming that it would be the most profitable blockchain of its kind to date. During the […]
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“We believe voting should be safe and accessible to everyone, everywhere,” said Ripple. Blockchain-based payments firm Ripple has joined a non-partisan group of companies working to ensure access to fair voting in the United States. According to a Nov. 2 tweet from Ripple, CEO Brad Garlinghouse has joined Twitter CEO Jack Dorsey and PayPal CEO […]
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The tides have turned since 2017. The digital asset industry as a whole looks significantly different than it did three years ago. A Wild West-esque year, 2017 boasted astronomical asset price increases and booming fundraises amid underdeveloped regulation. Some elements of 2017, such as initial coin offerings, have largely died off. Other niches, such as […]
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Does someone know something the public doesn’t? Crypto-Twitter has been abuzz with speculation about a large amount of USDT flowing into the Huobi crypto exchange. Significant amounts of Bitcoin (BTC) also appear to have exited the platform during the same period. The Singapore-based entity recently issued a statement claiming all is well. “We have noticed […]
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“While each component in this patchwork system makes some sense in isolation, collectively, there is substantial room for improvement.” The United States Securities and Exchange Commission voted to amend a set of rules to simplify and improve the “overly complex” procedures for exempt securities offerings. According to an announcement Monday from the SEC, the proposed […]
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From owning land to playing games and creating artworks, earning opportunities on NFT marketplaces continue to grow. Nonfungible tokens are not a new phenomenon in the crypto space, as the emergence of blockchain technology has provided a useful base layer to create a sprawling economy for digital collectibles. Amid the growing appetite for digital art, […]
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