Uniswap is taking on SUSHI head on with the launch of a new governance protocol token UNI, leading to a flurry of activity from more than 13,000 DeFi users. Decentralized finance (DeFi) platform Uniswap’s governance protocol token UNI went live on Ethereum earlier today. The community showed immediate support for the new token with Uniswap’s […]
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Binance has already announced it will list the UNI token. Unfazed by the controversy over its Sushiswap listing, Binance announced support for Uniswap’s new UNI token around 90 minutes after the DeFi platform’s governance token went live on Ethereum. Over the next four years, one billion UNI tokens will be distributed, with 15% being immediately […]
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This little project is expected to manage $70 million worth of ADA annually. IOHK has distributed $250,000 worth of ADA to Project Catalyst. These funds will be allocated to several Cardano-based projects proposed by the community. Project Catalyst is one of the building blocks of Cardano’s Voltaire era, which is expected to bring decentralized governance […]
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The U.S. government is charging ahead in its pursuit of privacy tokens, according to the latest sanctions. Per Sept. 16 additions to the list of sanctioned individuals, the U.S. Treasury is targeting Monero addresses. Russian nationals Dmitriy Karasavidi and Danil Potekhin have become the newest names on the specially designated nationals (SDN) list. According to […]
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MicroStrategy stock price jumped once again after announcing it has bought a total of $425 million in Bitcoin to date, but will other companies follow in their footsteps? The Nasdaq-listed firm MicroStrategy (MSTR) is continuing to purchase hundreds of millions of dollars worth of Bitcoin (BTC), resulting in its company stock price to gain over […]
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MicroStrategy is competing with Grayscale in Bitcoin acquisition race according to Barry Silbert. MicroStrategy acquired 16,796 more Bitcoin for $175 million, adding to its previous purchase of 21,454 BTC. Now, it owns 38,250 Bitcoin according to its latest SEC disclosure. This occurred on the same day that its board of directors made the cryptocurrency its […]
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MicroStrategy has outperformed Nasdaq since buying BTC. Now it’s doubling down. MicroStrategy’s board of directors elected to make Bitcoin (BTC) the company’s primary reserve asset. The SEC disclosure stated that this may lead to the future expansion of the company’s cryptocurrency holdings beyond the original purchase of 21,454 BTC, equivalent to $250 million: “Bitcoin serving as […]
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Taking account of more aggressive crypto tracking measures and what they mean for future government adoption of blockchain. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note One of the most persistent myths about Bitcoin is its supposed anonymity. More properly termed pseudonymity, […]
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Who would have thought an alleged exit scam could have a happy ending? In a surprising turn of events, SushiSwap’s former head, anonymously known as Chef Nomi on Twitter, has apologized for their mistakes and returned $14M to the project’s development fund. Nomi said in a Sept. 11 Tweet thread: To everyone. I f***** up. […]
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An analyst says the Tesla stock chart looks similar to the weekly fractal of Bitcoin in 2017 when it achieved $20,000. Julian Bridgen, the co-founder of the macroeconomic research firm MI2 Partners, believes Tesla stock (TSLA) shows signs of a bubble. He compared the stock Bitcoin (BTC) in 2017 when it hit $20,000 and dropped […]
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