The grassroots movement is dedicated to “rooting out corruption” with its latest exchange-traded portfolio and token offerings.
WallStreetBets, the Reddit-based grassroots movement that achieved notoriety for short-squeezing hyper-leveraged financial firms, has launched a new blockchain-based application aimed at combating market manipulation in traditional finance.
The group announced the creation of WallStreetBets Exchange Traded Portfolios, or ETPs, that can provide investors with broad exposure to various assets in a completely decentralized manner. The group explained:
“WallStreetBets ETPs may serve as an alternative to kind of the market manipulation by opaque and politically connected banks and hedge funds.”
The product is powered…
Gaming giant Ubisoft to become corporate baker on Tezos network
Popular French video game publisher Ubisoft is set to become a validator node on the Tezos ecosystem.
Ubisoft, the video game studio behind popular titles such as Assassin’s Creed, Prince of Persia and the Tom Clancy series, will become a corporate Tezos baker, or validator node.
In a statement issued on Tuesday, Ubisoft announced its partnership with Tezos-backed Nomadic Labs that will see the latter creating a validator node on the Tezos network.
As a Tezos baker, Ubisoft via its Strategic Innovation Lab will join the group of validator nodes…
Tether’s market cap hits $50B as stablecoin adoption grows
The 50 billionth USDT token has been minted, Tether has confirmed.
The market capitalization of Tether (USDT), the world’s largest stablecoin, zipped past $50 billion on Monday, in a sign that the cryptocurrency bull market was still heating up.
Tether Operations Limited confirmed the milestone on Friday, with roughly 50 billion USDT now reported to be in circulation. Tether’s supply, and hence its market cap, has grown by more than a factor of 10 over the last 12 months. That includes 25% growth in the span of a month.
BNB price rallied by more than 20% in the last 24 hours due to several key reasons.
The price of Binance Coin (BNB), the native cryptocurrency of Binance and Binance Smart Chain, rallied by more than 20% in the last 24 hours.
The swift recovery comes after a market-wide correction on Sunday, during which major cryptocurrencies including Bitcoin (BTC) and Ether (ETH) saw a sharp decline.
ETH’s price, for instance, declined from $2,400 to as low as $1,900 in a sudden pullback as Bitcoin plunged below the $60,000 support level to as low as $52,000.
Overheated futures market gets a…
Ant Group remains the world’s biggest blockchain patentee, while IBM is considered to be the most cited developer of patents in the industry.
Chinese holding conglomerate Ping An Group filed the largest number of blockchain-related patents in 2020, according to a new report.
Intellectual property-focused magazine Intellectual Asset Management has released a report on the rankings of the world’s foremost blockchain patentees. Based on data from the Derwent World Patents Index, the rankings show that Ping An filed 1,215 blockchain patent families last year, more than Tencent and Ant Group combined.
Owning a total of 1,749 blockchain patent families, Ping…
Bitfarms estimates it could have mined BTC for $4,125 each during Q4 2020 if its forthcoming Argentinian facility was operational.
Canadian Bitcoin mining firm Bitfarms has updated its plans for expansion in South America, revealing it has secured an eight-year contract to draw up to 210 megawatts, or MW, of electricity for $0.022 per kilowatt-hour, or kWh.
According to an April 19 announcement, Bitfarms has made significant progress in solidifying the terms for its Argentinian operation since first signing a non-binding memorandum to build a 60 MW power plant in October 2020.
In addition to expanding securing a 250% increase…
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