A new class action suit looks to refund investors for Ether liquidation on Maker on Black Thursday early in March. A new class-action lawsuit against DeFi giant the Maker Foundation alleges that the company misrepresented the risks investors in the ecosystem faced, leading to catastrophic losses of collateral on MakerDAO on March 12. The allegations […]
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SoftBank is expected to lose $12.5 billion driven by its investment in WeWork. SoftBank Group Corp (SFTBY), the parent company of Fortress Investment Group is expected to lose $12.5 billion for the fiscal year that ended in March, per an April 13 report from Bloomberg. WeWork — $24 billion loss It seems that Vision Fund […]
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Recent data shows parties selling a massive number of Zoom accounts in the far reaches of the internet. Recent data shows parties selling a massive number of Zoom accounts in the far reaches of the internet. In darknet and hacking forums, perpetrators are pawning off 500,000 user accounts from the popular internet video conferencing site, […]
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The world’s largest development bank, the World Bank Group, has issued a new report on payment aspects of financial inclusion in the fintech era. Financial institutions all over the world are increasingly experimenting with emerging technologies like blockchain to streamline payment systems and achieve financial inclusion. In a new study, the World Bank has once […]
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Experts think that 3iQ’s latest BTC-related listing will have a positive impact on global investor sentiment toward crypto. On April 9, Canadian asset manager 3iQ announced that its efforts to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange had finally come to fruition after three years of continued legal disputes. As […]
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Bitcoin’s halving event is fast approaching and BTC price is running out of time to overcome resistance at $6,900 and the 100-WMA. The volatility and volume in the Bitcoin (BTC) markets dropped down over the past week as the price of Bitcoin relatively stabilized. Stabilizing markets with decreasing volatility and volume usually means that spectacular […]
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The financial industry will see the further adoption of stablecoins around the world, partly due to the responses to COVID-19. We are living through interesting times. At the time of writing, roughly half of the world’s population is on lockdown, with 90 countries in various forms of confinement and the pandemic crashing global stock markets. […]
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London-based crypto payment processor Wirex says it now has over 3 million active users, highlighting the popularity of its crypto-supporting Visa card among customers. London-based crypto payment processor Wirex has revealed that it now has over 3 million active users, highlighting the popularity of its crypto-supporting visa card among customers. Wirex is a company licensed […]
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Traders say that the pattern that caused Bitcoin price to plunge from $10,500 to $3,600 could be playing out again. The Bitcoin (BTC) price remains vulnerable to a pullback after ranging between $6,900 and $6,500 for the past four days. Traders say that the pattern that caused BTC to plunge from $10,500 to $3,600 is […]
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Crypto advocate and eccentric John McAfee has announced that he is developing a new privacy coin. Famed computer programmer, eccentric and cryptocurrency advocate John McAfee has announced that he is working on a privacy coin called Ghost. On April 11, McAfee tweeted that Ghost will be underpinned by a Proof-of-Stake algorithm, and will be tradable […]
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