The latest in securities law and crypto is not a revolution but it is a step forward. As Cointelegraph reported two weeks ago, the Securities and Exchange Commission put out a rare no-action letter in defense of IMVU’s new blockchain-based VCOIN. VCOIN is only the third digital token to get such legal protection from the […]
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The Financial Times scorns Nigel Farage for his apparently predictable embrace of libertarian cryptocurrency influencers. The United Kingdom Tory Party’s nemesis, Nigel Farage, has gone “full crypto.” On Nov. 27, Farage sat down for a video interview to discuss all things crypto with Sam Volkering, the editor of Southbank Investment Research, which is, notably, the […]
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Yearn “acquisitions” dominated headlines this week. The biggest events in DeFi this week all involved Yearn.finance, the yield farming optimization protocol. I covered the first, Pickle Finance, in my last installment. Since then, we’ve seen integrations with Cream Finance, a lending protocol similar to Compound; Cover Protocol, an insurance provider that recently paid out users […]
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GoodDollar believes that “digital basic income can work at scale, while effecting positive change on a global level.” A nonprofit initiative that leverages decentralized finance as a means to offer a digital income for its users has announced that people have now claimed more than 14 million of its tokens. According to a Wednesday announcement, […]
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Russia wants to follow China’s approach of banning private stablecoins pegged to its national fiat currency. Senior officials at the Bank of Russia have come out against the issuance of private stablecoins pegged to the Russian ruble. Sergei Shvetsov, a first deputy governor of the Russian central bank, said that the bank aims to ban […]
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NFT-powered racing game F1 Delta Time has auctioned off a segment of an in-game track for $222,000. A segment of a race track in F1 Delta Time, a non-fungible token-powered motorsports game from Animoca Brands, has been auctioned off for more than 9 million of the company’s REVV tokens, worth approximately $222,000. Animoca says it’s […]
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The company behind USDC has added a new face that could help further institutional adoption. Centre Consortium, the company behind USD Coin, has hired former State Street and JPMorgan executive David Puth as its new chief executive officer, or CEO. Centre made the announcement early Tuesday in a Medium post that praised Puth for his […]
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Selah is offering fans the chance to acquire exclusive merchandise and experiences through its own cryptocurrency. Veteran Christian vocal trio Selah launched its own cryptocurrency fan token via the Rally platform on Dec. 1. Followingthe group’s latest album debuting at number one on the iTunes Christian Music chart, the 3CR8 token will give fans access […]
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He believes that investors will eventually send Bitcoin’s price over $500,000. Not one to mince words, Winklevoss reportedly told the business network that “cash is trash.” In his view, it’s only a matter of time before investors dump the dollar and other fiat currencies for BTC: “At some point, it is hard to look at those […]
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The sector has a long way to go in terms of accessibility if DeFi really wants to challenge traditional financial institutions. As the COVID-19 outbreak wreaks havoc on the United States’ economy and abroad, investors grapple with a second economic downturn in just over a decade. While the 2008 financial crisis and the coronavirus pandemic […]
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