Day: February 18, 2020

A Venture Capitalist Who Invests in DeFi

boss

As initial coin offerings and their derivatives continue to fade, venture investment in the space has steadily picked up pace. Cointelegraph sat down with Michael Anderson, co-founder of Framework Ventures, to learn more about his investment philosophy and outlook on the ecosystem. Anderson’s most notable investments are Chainlink (LINK) and Synthetix, both of which grew tremendously in 2019. Predictably, he is quite positive about decentralized finance (DeFi), sharing his thoughts on the evolution of the ecosystem after a round of questions on venture investment in crypto. Venturing out to crypto…

Celsius Joins Major Cryptocurrency Firms Using Simplex’s Fiat Onramp

boss

Cryptocurrency businesses worldwide are continuing to integrate fiat onramps into their operations in an effort to make it easier for customers to jump into crypto. United Kingdom-based cryptocurrency lending startup Celsius Network has launched in-app crypto purchases via a new partnership with Simplex, according to a Feb. 18 announcement.  Simplex, a popular fiat-to-crypto payments provider servicing major crypto exchanges like Binance, will now unlock direct crypto purchases for Celsius app users. Celsius clients will now be able to buy cryptocurrencies like Bitcoin (BTC) and Ether (ETH) via credit or debit…

Hester Peirce: Tell Me How to Improve My Safe Harbor Proposal

boss

Hester Peirce is a Commissioner at the Securities and Exchange Commission (SEC). The views here are her own and do not necessarily reflect the views of the SEC Commission or her fellow Commissioners. She can be contacted at CommissionerPeirce@sec.gov. Read on for reactions from lawyer Preston J Byrne, and Carol Van Cleef and Addison Yang. Earlier this month, I proposed a securities law safe harbor for token distributions. My motivation was the fear that many crypto entrepreneurs have: that a token distribution might be deemed by my agency – the…

The Boy Scouts of America Should Be Shut Down Forever

boss

The Boy Scouts of America filed for Chapter 11 bankruptcy. It hopes bankruptcy will protect it from thousands of potential sexual abuse lawsuits. The BSA is an outdated and inherently unsafe organization. It needs to be put down. The Boy Scouts of America deserves to die. Following a spate of lawsuits concerning sexual abuse, it has filed for bankruptcy. “Good,” you might think. Not so fast. The organization is scheming to avoid paying out the full value of compensation its victims deserve. Instead, it will set up a “trust fund.”…

Shots Fired as Ripple CEO Slams Bitcoin For “Centralization” in China

boss

Ripple CEO, Brad Garlinghouse claims the centralization of Bitcoin mining capacity in China is a major point of weakness for the number one cryptocurrency. “China controls the Bitcoin blockchain. There are 4 miners in China that represent the 60%+ of mining capacity and 80% of mining capacity is based in China for Bitcoin and Ether.”– Brad Garlinghouse, CEO @Ripple#xrp #fintech #crypto #blockchain @firstmove pic.twitter.com/lW8NHFldKu — XRP_Cro (@stedas) February 17, 2020 China Controls Bitcoin Claims Ripple CEO In a recent CNN interview, Ripple CEO, Brad Garlinghouse laid out some truths regarding…

Klopp’s All-Conquering Liverpool Will End the Myth of Diego Simeone

boss

World’s highest-paid coach could be coming to the end of his time in Madrid Atletico’s anti-football likely to come unstuck once more against vibrant, attacking Liverpool team Simeone is loved by his players but his style now seems out of date According to a recent article by L’Equipe, Diego Simeone is the third highest-paid footballer in the world. That isn’t a typo. Diego Simeone makes more money per month than any other player in the world apart from the two recognized gods of world football: Lionel Messi and Cristiano Ronaldo.…

DeFi Project bZx Exploited for Second Time in a Week, Loses $630K in Ether

boss

Bad actors have made off with $630,000-worth of the ether (ETH) cryptocurrency after exploiting a price feed of the ethereum-based lending project bZx. The attack – the second in less than a week – began at just after 03:00 UTC Tuesday, when attackers apparently took out a flash loan of 7,500 ETH (approximately $1.98 million), using 3,518 ETH (~$939,300) to purchase synthetic USD stablecoin sUSD from the issuer that they then posted as collateral for a bZx loan, according to an analyst on Twitter. They then used 900 ETH (~$240,000)…

Fortnite Season 2 Tease is a Welcome Return to its Glorious Best

boss

Fortnite’s Chapter 2 Season 2 starts this Thursday, Feb. 20. Developer Epic Games is teasing the new update with cryptic tweets, real-world ads, and ARG elements. It’s Fortnite back to it’s very best. After months of relative silence, Epic Games’ well-oiled marketing machine has sprung back to life with teases for Fortnite’s Chapter 2 Season 2. Cryptic tweets, real-world ads, and ARG elements – it’s all reminiscent of Fortnite at its very best. Back in Back in summer 2018, Fortnite landmarks popped up in real-world locations such as the California…

Enjin Platform Enables Game Developers to Integrate Blockchain Assets Without Blockchain Coding Experience

boss

Sharing is caring! Blockchain ecosystem developer Enjin has launched the Enjin Platform on the Ethereum Mainnet on the back of a successful ICO that raised $18.9 million in 2017. The company launched a gaming community platform called the Enjin Network in 2009 which boasts over 20 million users. The ICO allowed Enjin to finance the funding and building of a suite of blockchain products that enable anyone to easily create, manage, trade, store, explore, distribute, and integrate blockchain assets. This will allow game developers of all experience levels to easily…

Dow Futures Slide as Morgan Stanley Warns ‘Downturn’ Has Begun

boss

Dow Jones Industrial Average (DJIA) futures fell as much as 178 points on Tuesday. Apple warned investors that coronavirus shutdown in China would hit revenue. One Morgan Stanley analyst said we are entering a ‘downturn’ phase for the U.S. markets. U.S. stock markets were knocked off their record highs during after hours trading after Apple issued a revenue warning. Dow Jones Industrial Average (DJIA) futures slipped 178 points pointing to a weak opening on Tuesday. At the same time, Morgan Stanley issued a warning of its own. In a note…