Maple is also working on additions to its lending offerings, Powell said during the call. A new feature, internally referred to as Maple Prime, will let borrowers actively manage their collateral positions. The protocol plans to expand into open-term lending, which will let borrowers to open credit lines to borrow without a maturity date. Source
“Although an adverse determination against Custodia on the merits of Custodia’s application and unique situation may not prejudice the State, the Defendants’ apparent determination that Wyoming’s SPDI statutes and regulations, and SPDI banks themselves, are deficient will,” Hill’s report argued. Source
Aumenta Solutions and MSI’s port infrastructure maintenance project is based on the Ardor blockchain and makes use of augmented reality technology. The TECNIO Centre EASY research group’s Aumenta Solutions, an augmented reality solution provider for industry, engineering and architecture professionals, has partnered with shipping company MSI and blockchain development and maintenance firm Jelurida to transform the port infrastructure maintenance industry. The collaboration will incorporate blockchain technology and augmented reality to provide real-time maintenance data sharing, increase efficiency and reduce system downtime. TECNIO Centre EASY is a research group from the…
The Chinese tax authority claim Bitmain was issued with a tax violations notice in August last year but has withheld paying individual tax income of about $2.4 million. Bitmain Technologies Ltd., a Beijing-based company that is well known for designing application-specific integrated circuit (ASIC) chips used in Bitcoin mining, has reportedly been fined approximately 25 million Chinese yuan, equal to about $3.7 million, for allegedly failing to pay personal income taxes in China. Reportedly, Bitmain disregarded the Chinese taxation laws on the administration of tax collection in reporting income tax…
As the biggest provider of internet search services as well as app hosting-related services, Google is often in the crosshairs of anti-competitive investigations from regulators around the world. Google, the subsidiary of American multinational tech giant, Alphabet Inc (NASDAQ: GOOGL) has been fined by the South Korean Fair Trade Commission (KFTC) for anti-competitive practices targeted toward rival app hosting platforms. As reported by TechCrunch, the fine was pegged at around 42.1 billion won worth approximately $32 million, and it targeted anti-competitive practices from June 2016 to April 2018. Per the…
The IMF has released its weakest global growth forecast in over 30 years as inflation, banking crises, and geopolitical problems bite hard. The International Monetary Fund (IMF) recently published its most underwhelming medium-term global growth forecast in over 30 years. On Tuesday, the major United Nations (UN) financial agency expected global growth of 2.8% in 2023 and 3% in 2024. This forecast comes in slightly below what the IMF estimated in January as continued inflation and a banking crisis cause for concern. In the forecast, the IMF predicted that global growth would…
Bitcoin (BTC) got busy testing $30,000 as new support at the April 11 Wall Street open after hitting new 10-month highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $30,000 surge decimates liquidity Data from Cointelegraph Markets Pro and TradingView showed BTC/USD coming down from an overnight peak near $30,500. The pair had spent most of the day bouncing from the $30,000 mark after finally passing it in a short squeeze weeks in the making. Major misgivings from some market participants accompanied the move, with fears centering on a potential correction to…
press release PRESS RELEASE. we2net, a new DeFi platform that aims to bridge the gap between centralized and decentralized finance, has gained strong traction in Korea with over 230+ LP holders and nearly $760k in initial liquidity within just three weeks of launching its offline development efforts. According to data analysis, the LP holders’ distribution of the initial liquidity is evenly spread without any large whales, indicating a fair and equitable distribution. we2net is set to launch on April 15, 2023, at 0:00 UTC, and investors can purchase its tokens…
On Apr. 11, American Bitcoin (BTC) miner CleanSpark announced that it purchased 45,000 Antminer S19 XP application-specific integrated circuit (ASIC) mining rigs for $144.9 million. CleanSpark says all units will be ready for delivery by Antminer before the end of September. The purchase is expected to add 6.3 exahash per second (EH/s) of mining power to its rig, which currently possesses a capacity of 6.7 EH/s. After the purchase, the firm’s expected hash rate will account for an estimated 3.8% of the entire Bitcoin network. Zach Bradford, CEO of CleanSpark,…
Cryptocurrency entrepreneur and visionary Bryan Legend is perhaps most noted for being the co-founder of OOXY Labs, which has a decade of experience in the blockchain and crypto space and is helping to innovate the future of decentralized finance technology. Now, he’s catapulting the space to the next level, blockchain automatic revenue sharing — aka BARS, a term Legend recently coined. It describes a new, pioneering type of auto-staking function that gives users access to multiple streams of passive income via the Vulcan platform, and Bryan Legend is hopeful it…