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Steakhouse, a decentralized autonomous organization (DAO)-focused financial advisory firm, has collaborated with Phoenix Labs, a research and development company, to propose an allocation of up to $100 million from MakerDAO’s reserves for investment in tokenized US Treasury Bill (T-Bill) products. This proposal, currently in the discussion phase, aims to explore new avenues for financial innovation … Read more
The journey towards the approval of a Bitcoin exchange-traded fund (ETF) has been a long and arduous one. The first application for a Bitcoin ETF was filed in July 2013, but it was denied in 2017 and 2018. Since then, the Securities and Exchange Commission (SEC) has rejected numerous other applications and delayed decisions on … Read more
In a fascinating experiment, Cointelegraph video journalist and YouTube host Giovanni Pigni decided to pit his investment skills against the artificial intelligence of ChatGPT in a crypto investment game. Both contenders were given a starting capital of $100 and tasked with building a strong crypto portfolio to maximize profits within a two-week period. The primary … Read more
Grayscale Court Verdict Grayscale, known for its role in facilitating crypto investments and managing digital assets, recently celebrated a court verdict that annulled the SEC’s block on their proposed Bitcoin ETF. Grayscale CEO Michael Sonnenshein expressed his delight at this development, considering it a historic moment that raised hopes for the eventual launch of the … Read more
Ben Armstrong, known as BitBoy Crypto, has confirmed his departure from Hit Network/BJ Investment Holdings, including BitBoy Crypto and subsidiary brands. While Armstrong expressed confidence in his position earlier, his departure has sparked speculation about the reasons behind it. Crypto scam investigator ZachXBT raised concerns about Armstrong’s involvement with questionable meme coins and potential connections … Read more
3M, a multinational conglomerate, has reached a settlement to pay over $6 billion in a class-action lawsuit brought by consumers and military members who claimed that the company’s earplugs were faulty and led to hearing loss, tinnitus, and other hearing-related injuries. Lawyers for the plaintiffs hailed the agreement as historic and a triumph for veterans. … Read more
On August 30, 2023, a group of senior Gabonese military officers announced on national television that they had taken control of the country shortly after the state election body declared President Ali Bongo’s victory for a third term. The officers, appearing on Gabon 24 channel, claimed to represent all security and defense forces in Gabon. … Read more
In a dramatic turn of events following the announcement of President Ali Bongo’s victory in the Gabonese presidential election, a group of senior military officers took to the airwaves to declare the suspension of elections and the closure of borders. The move has sent shockwaves throughout the nation and raised concerns about the stability and … Read more
We are going to explore the top 5 DeFi projects that have gained prominence in the decentralized finance ecosystem: Top 5 DeFi projects Uniswap (UNI): Uniswap is a leading decentralized exchange (DEX) built on the Ethereum blockchain. It utilizes an automated market maker (AMM) model to facilitate peer-to-peer trading of various ERC-20 tokens, allowing users … Read more
In recent years, the financial world has witnessed a seismic shift with the rise of Decentralized Finance, or DeFi. This innovative ecosystem is revolutionizing traditional financial systems by leveraging blockchain technology to provide open, permissionless, and borderless financial services. In this comprehensive guide, we will delve into the world of DeFi, unraveling its core principles, … Read more
