Tag: Business

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Robinhood Users Steal From the Rich to Fill Their Bitcoin Bags: Max Keiser

Max Keiser called out Warren Buffett over his recent losses in the airline sector, claiming that Robinhood users had stolen his money and created wealth for Generation Z. Broadcaster and renowned Bitcoin (BTC) bull Max Keiser has taken a knock on veteran investor Warren Buffett in a tweet posted on June 8. Keiser claimed that…
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Block.One to Launch Social Media Platform Ahead of Schedule

According to Voice CEO Salah Zalatimo, the platform has pivoted from an autumn launch date and will be available to readers on July 4. Voice, the social media platform by EOS creator Block.One, announced that it will launch on July 4. According to a Tweet posted by Voice Chief Executive Officer (CEO) Salah Zalatimo on…
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First Turkish-German Trade Finance Transaction on Distributed Ledger Technology

Turkish İşbank and German Commerzbank completed the first blockchain-based trade finance transaction between the two countries. A major Turkish bank completed the country’s first-ever international trade finance transaction based on distributed ledger technology, or DLT. This adds another milestone to the country’s increasing blockchain efforts. İşbank, the first Turkish bank to join R3’s Corda platform…
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The Code Is Key: Solutions for Overcoming DeFi Security Breaches

The DeFi sector can embrace a positive future by following comprehensive security audits and by ensuring best practice in due diligence and quality assurance. Decentralized finance, commonly referred to as DeFi, has grabbed the attention of mainstream financial and technology audiences alike. While the sector has been applauded for bringing about innovative digital finance solutions…
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OKEx Continues Their Ongoing OKB Token Buyback

Cryptocurrency exchange OKEx announced the eighth round of buyback for its platform’s proprietary OKB token. Cryptocurrency exchange OKEx announced the eighth round of buyback for its platform’s proprietary OKB token. In a June 5 announcement, OKEx announced the start of the eighth and largest buyback of OKB tokens. From March 1 until May 31, the…
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DeFi Platform Celsius Hits $1 Billion in Cryptocurrency Deposits

Decentralized finance platform Celsius Network has crossed $1 billion in total cryptocurrency deposits. Decentralized lending and borrowing platform Celsius Network has crossed $1 billion in total cryptocurrency deposits since its launch in 2018. The platform claims that it returns 80% of its total revenue to its users and has so far paid $17 million as…
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Kyrgyzstan Poised to Legitimize Crypto Mining

Kyrgyzstan’s parliament is deliberating on a tax regime for miners that would be the country’s first regulated framework for crypto activities. Lawmakers in the Kyrgyz Republic are considering a bill to tax and regulate cryptocurrency mining activities.  The bill, On Amending the Tax Code of the Kyrgyz Republic, seeks to increase government revenue by establishing…
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Crypto Derivatives Volume Just Hit a New Record High

Crypto derivatives monthly volume hit a new all-time high of $602 billion in May. Crypto derivatives monthly volume increased by one-third in May to hit a new all-time high of $602 billion, according to U.K.-based data aggregator CryptoCompare. The new record is only just a shade past the previous record in March of $600 billion, however,.…
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Three Arrows Capital CEO: ‘Bart Simpson’ Patterns are Here to Stay

Speaking to the Coinist Podcast on June 4, CEO Su Zhu said he believes the Bitcoin price pattern that we saw on June 1 is likely to repeat. Su Zhu, the CEO of Three Arrows Capital, thinks that as long as crypto traders continue to do business with derivatives exchanges, you can expect to see…
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Norwegian Salmon Exporter Fights Food Fraud With Blockchain

Norwegian salmon producer Kvarøy Arctic has joined the IBM Food Trust to increase transparency and help prevent fraud in the seafood industry. The Norwegian-based producer of farmed-salmon, Kvarøy Arctic, has become the latest firm to join IBM’s Food Trust — the tech giant’s blockchain-based supply chain solution for the food industry.  Kvarøy Arctic is a…
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