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Crypto Payment Firm Simplex Acquired by Publicly-Listed Canadian Firm Nuvei for $250 Million
8.5.2021
The publicly-listed Canadian firm Nuvei Corporation announced the acquisition of the cryptocurrency company SimplexCC Ltd in an all-cash deal for $250 million. The deal is pending regulatory approval and Nuvei expects Simplex to “enhance” the firm’s portfolio of alternative...
Apple’s Not Happy With Epic’s Xbox Witness
7.5.2021
On Wednesday, vice president of Xbox business development Lori Wright testified in the ongoing trial between Epic and Apple. Now, Apple wants the court to make an “adverse credibility finding,” due to Microsoft withholding pertinent documents in her testimony.Read more
MUNCH Project Reaches $1 Million Milestone in Charitable Donations
7.5.2021
PRESS RELEASE. DeFi project Munch has raised over $1 million USD in two weeks, to aid community-chosen global causes in developing nations, through non-profit organization GiveWell. May 7th, 2021, London, UK — MUNCH is a Decentralized Finance (DeFi) project which has raised over $1 million...
Electronic Transactions Association Proposes 7 Guiding Principles for a Digital Dollar
7.5.2021
The Electronic Transactions Association (ETA) has put forward a set of guiding principles to be considered in the creation of a U.S. central bank digital currency (CBDC), also referred to as digital dollar. The organization, which unites hundreds of companies in the payments industry, confirms...
‘Gold Is Clearly Being Replaced by Digital Gold’- Precious Metal Markets Spike, Strategist Mike McGlone Calls PM Action ‘Meh’
7.5.2021
Precious metals (PM) markets have been trading a bit higher in recent days, while cryptocurrency markets have been seeing gains as well. Spot gold prices have jumped to $1,805 per ounce, up more than 1.3% during the last 24 hours, while silver prices have increased by 2.5%. As PMs have gathered...
IDEX's ‘hybrid liquidity pool’ aims to tackle some of DeFi’s biggest problems
6.5.2021
DeFi’s tremendous growth hasn’t come without obstacles; the nascent industry still struggles with high costs, failed trades and front-running
Crypto Analytics Firm Coin Metrics Raises $15 Million, Goldman Sachs Leads Funding Round
6.5.2021
On May 5, the cryptocurrency data and analytics provider Coin Metrics announced the firm has raised $15 million in Series B financing round. The funding was led by Goldman Sachs and a number of other venture firms, as digital currency data has become a hot commodity in recent times. Digital...
Democratizing Defi Data- Dechart DAO Launches Version 1.0 Trading Platform
6.5.2021
On May 6, 2021, the total locked value (TVL) held by decentralized finance (defi) is more than $77 billion. Much of this money is used by decentralized exchange (dex) platforms and liquidity pools. With dex platforms capturing over $2 billion in trade volume daily and $18 billion during the last...
Visa and Tala Join Forces to Boost Cryptocurrency Adoption for Underbanked Populations
6.5.2021
Payments giant Visa and financial services provider Tala have partnered to boost cryptocurrency adoption in emerging markets. The collaboration aims to “make it easier for underbanked consumers to convert, store, and use cryptocurrencies.” Visa and Tala Boosting Crypto Adoption...
Last Year Was Nintendo's Most Profitable One Ever
6.5.2021
In 2020, Nintendo saw huge profits with people quarantined at home, playing video games.Read more
Illumination Founder And Despicable Me Producer Joining Nintendo Board
6.5.2021
Today, Nintendo announced that Chris Meledandri will join the Nintendo board as an Outside Director as of June 29.Read more
Vietnam Plans to Regulate Digital Currencies After Commissioning a Crypto Research Group
6.5.2021
Vietnam is treading waters into the cryptocurrency industry, as the government recently commissioned a research group for the purpose. The Vietnamese Ministry of Finance is conducting an in-depth study of cryptocurrencies for regulation purposes. One Million Vietnamese Are Reportedly Crypto Users...
Yearn Finance Founder Andre Cronje Set to Fight the Rug Pulled Crypto Messiah in a Dubai Boxing Match
6.5.2021
South African crypto entrepreneur and Yearn Finance founder, Andre Cronje, is set to brawl Crypto Messiah in a physical fight at a Dubai crypto conference. The event, which has been dubbed the Cryptocurrency International boxing match, is scheduled to take place on October 15. Pledged Prize Goes...
Grifter season in DeFi-land, and Uniswap v3 is here! Finance Redefined 4/28-5/05
5.5.2021
Uniswap v3 starts off with a whimper, not a bang, and grifters galore in this week's Finance Redefined
Mogo Adds 146 ETH to Firm’s Balance Sheet, Plans to Turn 5% of Its Portfolio Into Crypto Assets
5.5.2021
On Tuesday, the Nasdaq-listed Canadian company Mogo revealed the firm has purchased 146 ether at an average price of $2,780. The move follows the firm’s corporate investment in bitcoin, as well as offering bitcoin rewards for the company’s mortgage and card clients. The company plans...
‘DeFi may lead to a paradigm shift’ says Federal Reserve Bank paper
5.5.2021
Ethereum has unleashed a wave of financial innovation
From nay to yay: JPMorgan’s path to crypto could shake up finance
4.5.2021
After bashing Bitcoin back in 2017, JPMorgan CEO Jamie Dimon seems to have softened his stance on crypto, and so has the firm itself
Sony si nechalo platit za cross-play, zaznělo u soudu s Epicem
4.5.2021
Pokračující právní bitva mezi Epicem a Applem o zisky ze hry Fortnite nabírá obrátky. Nyní do ní byli vtaženi i provozovatelé platformy PlayStation. Ti prý vyžadovali extra kompenzace za to, aby jejich hráči mohli soupeřit i s majiteli jiných platforem
Funding Roundup: Derivatives and Defi Draw a Fresh Influx of VC Firms and Private Investors
4.5.2021
As blockchain technology disrupts traditional industry standards, the list of progressive investors willing to stake their money has increased significantly. Leveraging this ongoing investment trend, both upcoming and ongoing projects are attracting millions of dollars from private investors...
Marlton Applauds Decision to Increase Digital Currency Group’s Authorized Purchase of GBTC Shares to $750 Million
4.5.2021
Investment management firm, Marlton, has applauded the recent decision to authorize the purchase by Digital Currency Group (DCG) of up to a total of $750 million worth of shares of Grayscale Bitcoin Trust (GBTC). This latest action follows Marlton’s recent call for DCG and the Grayscale board...