Author Archives: creative

Goldman Sachs analysts divided over whether Bitcoin is an ‘investable asset class’

Goldman has flip-flopped again declaring crypto assets as unworthy of investment in the same week it expands its crypto trading desk. Wall Street investment bank Goldman Sachs has made another U-turn on its stance toward Bitcoin as it struggles to define the asset’s investment status. The investment bank flip-flopped again in its approach to cryptocurrencies with a report issued earlier this week that claims  they are not a “viable investment”. The report, titled “Digital Assets: Beauty Is Not in the Eye of the Beholder”, concluded Bitcoin is […]

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MCS Launches Trading Competition With 30,000 USDT and 1M Tokens up for Grabs

PRESS RELEASE. Singapore – A fast-growing cryptocurrency trading platform, MCS (https://mycoinstory.com), which offers a variety of inverse and quanto perpetual contracts, has announced to launch a trading competition from June 23, 2021 to July 7, 2021 to celebrate its one year anniversary and introduction of their native token. The registration begins June 15, 2021. The ‘MCS Day! Trading Competition’ is comprised of a prize pool of 30,000 USDT and 1 million MCS tokens. The competition is applied to all inverse and quanto perpetual contracts on the MCS […]

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DeFi focused: Grayscale exploring 13 more crypto assets for its trusts

Grayscale has added 13 new cryptocurrencies to its list of assets under consideration, again exhibiting significant interest in DeFi. Institutional asset manager Grayscale has announced 13 more crypto assets are currently under consideration for its suite of crypto investment trust products. Revealed on June 18, the prospective assets mainly represent the decentralized finance (DeFi) sector, including 1inch, Bancor, Curve, Kava, Kyber Network, Loopring, Polygon, Ren, Universal Market Access, and 0x. The native tokens of high-speed scalable blockchain networks Solana, Near, and Dfinity have also been added to […]

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Co-Owner of Mirror Trading International Opposes Plans to Liquidate the Bitcoin Scam Outfit

In the latest twist to the Mirror Trading International liquidation saga, Clynton Marks, a co-owner of the bitcoin Ponzi outfit, has opposed attempts to have a court grant a final liquidation order. Marks, who reportedly owned 50% of MTI, argues that the liquidation application was “premature” and that liquidators may “not have the members’ best interests at heart.” The Argument Against Liquidation As explained in a Mybroadband report, Marks, who recently battled a team of MTI liquidators in a South African court, argues that the liquidation notification […]

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Mark Cuban calls for stablecoin regulation in wake of Iron Finance ‘bank run’

After a bank run on the Iron Finance protocol cost him dearly, Mark Cuban is calling for regulation to define “what a stablecoin is and what collateralization is acceptable.” Billionaire investor and DeFi proponent Mark Cuban has called for stablecoin regulation after losing money on what he dubbed as a “rug pull” on the Iron Finance protocol. According to Iron Finance, the partially collateralized stablecoin project was the subject of a “historical bank run” that resulted in the price of the IRON stablecoin moving off peg. As […]

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Mark Cuban Hit by Iron Finance Token Crash, Calls for Defi Regulation

Billionaire investor and Shark Tank star Mark Cuban has called for cryptocurrency regulation focusing on decentralized finance (defi) and stablecoins after a token he invested in collapsed from $64 to near zero. Cuban Wants Defi and Stablecoin Regulation After Investing in Collapsed Token The billionaire owner of the NBA team Dallas Mavericks, Mark Cuban, invested in a token that crashed from about $64 to near zero Wednesday. Iron Finance called the collapse of its iron titanium token (TITAN) “the world’s first large-scale crypto bank run.” The price […]

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Digital land in Decentraland sells for $913K… to a virtual property developer

A virtual real estate investment firm has a new platform record for the most expensive digital land plot in Decentraland’s metaverse after spending $913,000 on 259 parcels. A virtual plot of real estate situated within the Ethereum-based open-world game, Decentraland, has sold for more than $913,000 — valuing the intangible property on par with the average price of a real world house in Brooklyn, New York. Virtual real estate is sold in the form of nonfungible tokens (NFTs) dubbed LAND in Decentraland, with the digital plot being […]

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Traders search for bearish signals after Bitcoin futures enter backwardation

Analysts search for bearish signals after the June BTC futures trade below spot exchange pricing. An unusual phenomenon called ‘backwardation’ is taking place in Bitcoin (BTC) futures trading, mainly the June contract, which expires on June 25.  The fixed-month contracts usually trade at a slight premium, indicating that sellers request more money to withhold settlement longer. Futures should also trade at a 5% to 15% annualized premium on healthy markets, in line with the stablecoin lending rate. This situation is known as contango and is not exclusive […]

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FTX’s Sam Bankman-Fried: Institutions are ‘desperate’ for crypto

Is SBF going to lobby the government on behalf of crypto? How badly do institutions want in on the blockchain game? When’s a moat an impediment to growth, and not a protective shield? As FTX and Alameda Research increasingly enter the public eye, one side effect is that the decabillionaire is himself a growing public figure. Especially after a significant donation to Joe Biden’s campaign for the US presidency, some observers hoped that SBF would come to serve as a kind of professional lobbyist on behalf of […]

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John McAfee Says the Feds Seized All His Assets: ‘I Have No Hidden Crypto, I Have Nothing, I Regret Nothing’

Antivirus tycoon John McAfee says he has no hidden cryptocurrencies, no assets left as there were all seized by the Feds, no friends, and no regrets. He has shared his story from prison, where he says he has “never felt more free.” McAfee Says He Has No Cryptocurrencies, No Assets, No Friends but Also No Regrets John McAfee is still in a Spanish prison after he was arrested in October last year. He was charged by the U.S. Securities and Exchange Commission (SEC) with fraudulently pumping initial […]

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