Analysts from Marcus Aurelius Value published a detailed report throwing shade on some of Canaan’s business practices, alleging that its business model is invalid. A report by Marcus Aurelius Value, an analysis organization, argues that the Nasdaq-listed ASIC manufacturer Canaan (NASDAQ: CAN) misrepresented its potential revenue for 2020. At least one of its clients is…
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The number of global crypto ATM’s has grown to over 7,000, after surpassing the 6,000 mark just last fall. The number of crypto ATMs across the globe has grown to over 7,000, with machines in 75 countries. At press time, CoinATMRadar listed 7,014 cryptocurrency ATMs in existence. This number also includes machines hosting digital currencies…
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Popular zero-fee crypto trading app Robinhood has fixed a major system-wide outage but traders want to get reimbursed. Following a major technical outage, popular stock and cryptocurrency trading app Robinhood is purportedly operational again. The popular platform for trading stocks and cryptocurrencies like Bitcoin (BTC) experienced a major technical outage, causing a loss of access…
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The spread of COVID-19 is causing cryptocurrency firms to implement new policies to protect employees. Just one week after releasing its plan for the coronavirus spread worldwide, Coinbase is recommending its employees prepare for the next phase, and they’re not the only ones. Coinbase CEO Brian Armstrong sent out a Tweet to his 300K+ followers…
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Binance announced a partnership with Turkey’s major bank, and Changpeng Zhao told the details to Cointelegraph. Major crypto exchange Binance announced that their fiat on-ramp for Turkish Lira is live thanks to a partnership with major Turkish bank Akbank, Cointelegraph Turkey reported on March 2. Binance users from Turkey can now deposit and withdraw directly…
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Big Four accounting firm KPMG issued a new report on crypto assets, estimating that more than $9.8 billion in cryptocurrency has been stolen by hackers since 2017. Owning cryptocurrency is still considered a risk by institutional investors, according to a March 2 KPMG report shared with Bloomberg. The accounting firm estimated that more than $9.8…
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A Blockchain company in the UK has a new program for Haitian farmers and their crop sales. A UK tech company recently announced a blockchain ecosystem for farmers in Haiti, bringing clarity to the supply chain while bolstering sales. Agriledger, a blockchain outfit based in the UK, was responsible for building this new ecosystem. Their…
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Tether’s CTO Paolo Ardoino plans to tell the story of Tether (USDT) stablecoin on March 10 at CryptoCompare’s Digital Asset Summit. Amid ongoing lawsuits surrounding controversial stablecoin Tether (USDT), the company’s CTO plans to detail the asset’s background at an upcoming conference. Bitfinex and Tether CTO Paolo Ardoino is slated to recount “the story of…
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Well known activist investor Elliott Management has called for Jack Dorsey to be replaced as CEO of Twitter. Billionaire investor, Paul Singer, is pushing for the removal of Jack Dorsey as CEO of Twitter. According to a CNBC article dated Feb. 28, the Elliott Management founder and activist investor is concerned about Dorsey’s time being…
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Multi platinum-selling artist Akon will launch his Akoin cryptocurrency on the Stellar network. Multi platinum-selling recording artist Akon has chosen to build his Akoin cryptocurrency ecosystem on top of the Stellar blockchain. Akoin co-founder and president Jon Karas said they chose to launch the project on Stellar due to sharing similar values. “Akoin selected Stellar’s…
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