Stepn is a cautionary tale for M2E startup founders like me. But I see a better model in Sweatcoin, which leveraged real-life utility to amass over 100 million users before going on-chain, writes Iomob CEO Boyd Cohen. Source
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“We must get the full accounting of what happened and why those responsible can be held accountable,” Biden said. “In my administration, no one – no one is above the law. And finally, we must reduce the risk of this happening again. During the Obama-Biden administration, we put in place tough requirements on banks, like Silicon Valley Bank and Signature Bank, including the Dodd-Frank law to make sure that the crisis we saw in 2008 would not happen again.” Source
Pfizer has been on an acquisition spree as it seeks to cushion the impact of a projected $17 billion revenue drop by 2030. Pfizer Inc (NYSE: PFE) has closed a $43 billion deal to acquire biotechnology company Seagen Inc and its leading line of cancer drugs. The deal comes as revenue from Pfizer’s COVID-19 vaccine and pill hits record lows and is the largest in the biopharmaceutical giant’s recent string of acquisitions. With the deal, Pfizer adds to its cancer treatment cache four approved therapies which brought in a combined…
Traders using decentralized finance (DeFi) protocols to bet on a USDC revival over the weekend are at risk of eight-figure liquidations if the stablecoin loses its $1 peg again this week. Source
The automaker attained a new landmark in September 2022 with its largest IPO in Europe regarding market valuation. Luxury automobile manufacturer Porsche achieved record figures in 2022 as sales revenue grew from 33.1 billion euros in 2021 to 37.6 billion euros. In addition to its 13.6% gain, the company had an impressive operating profit in the 12 months. Porsche said in a press release that the Group’s operating profit increased 27.4% YoY from 1.5 billion euros to 6.8 billion euros. Despite the economic downturns that impacted the economy in 2022, Porsche said…
Bitcoin (BTC) hit its highest since the start of the month on March 13 as U.S. bank stocks saw the largest mass halt in history. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView BTC price sees “phenomenal” rebound Data from Cointelegraph Markets Pro and TradingView tracked a thoroughly bullish hourly candle for BTC/USD, which reached $23,725 on Bitstamp. The move was eagerly anticipated by market participants, many of whom had warned of extreme volatility at the Wall Street open. 45min into US open, and banks getting halted left, right and centre. By…
According to a March 13 tweet by Okcoin CEO Hong Fang, the U.S. affiliate of cryptocurrency exchange OKX had no exposure to defunct U.S. tech bank Silicon Valley Bank (SVB). However, Fong stated that Okcoin’s U.S. dollar wire and ACH deposits have been “immediately paused” due to the regulatory intervention in Signature Bank, Okcoin’s primary partner for customer transactions in dollars. On March 12, New York state regulators closed Signature Bank, a major financial institution for fiat-crypto on-ramping, citing a “systemic risk exception” in the wake of SVB’s collapse. In addition…
There will also be an array of regional currency stablecoins available, said Tomer Weller, VP Product at Stellar Development Foundation. This includes tokenized Argentinian pesos and Brazilian reals, as well as a Kenyan shilling, some other African stablecoins and a couple of euro-based ones, Weller said. Source
On Jan. 25, the Committee on Elections introduced a bill to the Kansas House of Representatives aimed at capping political donations via crypto at $100. Regardless of the success of this legislative initiative, the state of Kanzas won’t be the first jurisdiction to target anonymous donations. From authoritarian nations like Russia or China to electoral democracies like Ireland or Canada, one can find recent attempts to ban crypto donations to politicians all around the globe. The opponents of crypto may have a strong point — it’s hard to imagine a…