Nigeria and South East Asia led global crypto adoption in 2020
Statista has found that one-in-three Nigerians held or used crypto assets during 2020. Go to Source Powered by WPeMatico
DIGIT
New York AG accuses Coinseed of defrauding investors
The New York Attorney General has filed a lawsuit against crypto investment platform Coinseed for allegedly defrauding investors and selling a token that remains unlisted three years later. Go to Source Powered by WPeMatico
Top 3 DeFi lending protocols exceed $20B in deposits
DeFi’s top three lending protocols have reached record levels of collateral lockup above $20B. Go to Source Powered by WPeMatico
Arcade classic Street Fighter II launches NFTs on WAX blockchain
It’s shaping up to be the year in which NFTs go mainstream, thanks to successful releases by a number of household names. Go to Source Powered by WPeMatico
Token-Driven Karaoke Platform Gets a Boost in South Korea as Pandemic Hits Over 2,100 Singing Rooms
Coronavirus-driven lockdowns and social distancing limits affect people’s way of entertaining themselves, such as going to karaoke. In South Korea, that activity is too popular, and despite the COVID-19 outbreak, the crypto industry is trying to capitalize on it. Somesing: A Blockchain-Based Karaoke App Per Fn News, Somesing, a blockchain-based karaoke app, already hit the … Read more
Elon Musk’s Tesla Faces Scrutiny Over Potential Conflict of Interest in $1.5 Billion Bitcoin Purchase
Tesla is facing more scrutiny over its $1.5 billion dollar bitcoin purchase. A Tesla board member who reportedly approved the company’s bitcoin buy deal is a cryptocurrency investor who also sits on the boards of two major crypto firms. Experts Question Conflict of Interest in Tesla’s Bitcoin Purchase Tesla is further under scrutiny over its … Read more
DeFi aggregator growth ‘set to dwarf 2020’s volume’
DeFi users are increasingly turning to aggregators to get the most cost effective trades. Go to Source Powered by WPeMatico
Motley Fool adding $5M in Bitcoin to its ‘10X portfolio’ — has a $500K price target
“We plan to hold this Bitcoin investment for many years and we’ll wait for all of our members in our new 10X service to be able to buy before we do.” Go to Source Powered by WPeMatico
Robinhood announces plans to offer crypto deposits and withdrawals
Robinhood’s reputation has taken a battering lately but it hopes to regain credibility among the crypto community by introducing cryptocurrency transfers. Go to Source Powered by WPeMatico
German Cannabis Firm Hedges Bitcoin to Protect from Massive Currency Devaluation
On Tuesday, the cannabis firm Synbiotic SE, a publicly-traded company in Germany that’s listed on the Frankfurt Stock Exchange and Xetra, has announced it is leveraging bitcoin to hedge against the euro. Synbiotic’s chief executive officer, Lars Müller explained that the company decided to hedge with the leading crypto asset in order to protect the … Read more
