Investors looking for a safer way to buy ETH are willing to pay a premium of more than 500% to buy it via Grayscale’s Ethereum Trust. Investors are paying a 515% premium to buy Ether through the Grayscale Ethereum Trust. It costs $90.55 to buy a share in Grayscale Investments’ Ethereum Trust (ETHE), however its…
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Compound Finance, TD Ameritrade and Cumberland DRW launch the Chicago DeFi Alliance, a new project aiming to support DeFi development. Amid the apparent ongoing collapse in decentralized finance (DeFi) lending, a group of major trading and cryptocurrency companies in the United States are launching an alliance to support the sector. Introduced on April 7, the…
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In an interview with My Two Gwei, CEO Bobby Ong addressed the recent $400 million acquisition of CoinMarketCap by crypto exchange Binance. Just one week after exchange Binance announced its acquisition of CoinMarketCap (CMC) — one of the most-referenced crypto data websites — some prominent figures in the crypto community are speaking out. Bobby Ong,…
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Billionaire Chamath Palihapitiya explained a scenario which could see Bitcoin become a “flight to safety” asset. In an interview with Morgan Creek Digital founder, Anthony Pompliano, Chamath Palihapitiya, billionaire CEO of venture capital firm, Social Capital, said that now could be Bitcoin’s time to shine. “I think Bitcoin needed a moment like this for it…
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As the inaugural MakerDAO debt auction comes to an end, $4.3 million in under-collateralized Dai will be burned, and bidders in the second phase bagged the biggest deals. As the first MakerDAO debt auction draws to a close, March 23, a total of $4.3 million worth of undercollateralized Dai (DAI) has been bid across both…
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Major investment bank Citigroup announced it has increased its equity stake in Ethereum-based trade finance platform Komgo. U.S.-headquartered bank Citi has upped its investment in the Ethereum-based decentralized trade financing startup Komgo. Kris van Broekhoven, the global head of commodity trade finance at Citigroup, revealed that the bank has “topped up” its equity in Komgo…
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The blockchain and crypto analytics firm helps the average trader understand what exactly happened for the price of BTC to fall to $3,600. Chainalysis posted their report for the BTC market for March 2020. According to the blockchain and crypto analytics firm, exchanges have experienced a huge inflow of BTC since March 9, receiving nearly…
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The recent market crash could be Bitcoin’s biggest opportunity since its creation in 2009, BitMEX says. BitMEX, the world’s second largest crypto exchange by daily trading volume as of press time, believes that amid the ongoing global coronavirus crash, Bitcoin faces its biggest challenge and the opportunity to prove its potential during the global financial…
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China Everbright Bank, one of the world’s largest public firms, debuted a blockchain-based supply chain finance solution by Ant Financial. China Everbright Bank (CEB), a major commercial bank in China and one of the world’s largest public companies, is debuting a blockchain-based supply chain finance solution by Ant Financial. Ant Financial, the financial arm of…
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Leading up to its token generation, Akon’s crypto project Akoin has garnered added expertise, partnering with Delchain. Akoin, a cryptocurrency project from famous singer Akon, has joined up with blockchain financial infrastructure company Delchain. “Bahamas-based digital asset management leader Delchain, an affiliate of Deltec, has provided strategic advisory services and expertise in connection with Akoin’s…
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