If all U.S. companies followed Square, $250 billion would enter Bitcoin

This past week, U.S. fintech giant Square made mainstream media headlines when it deployed $50 million worth of its cash to purchase Bitcoin. This represented approximately one percent of the $90 billion company’s total assets, reported sites like Bloomberg. While a big move, there were some Bitcoin maximalists that criticized …

Leading Ethereum dex Curve begins dabbling in layer-two solutions

Ethereum transaction fees have dropped dramatically since the summer highs when gas cost upwards of 1,000 Gwei. According to GasNow, the average Ethereum user is paying approximately 40 Gwei for a transaction — over 96 percent below the recent highs. While this may sound like a dramatic reduction, Ethereum transactions …

Kate Winslet to act in Hollywood flick showing $4 billion Ethereum scam OneCoin

Kate Winslet is scheduled to star in an upcoming Hollywood movie chronicling the rise and fall of OneCoin, a notorious Ethereum-based Ponzi scheme that raked in $4 billion from victims worldwide. Called “Fake!,” the movie based on the book by Jen McAdam with Douglas Thompson, based on the true-life story …

Why investors are optimistic after “painful” DeFi correction despite YFI plunge

The prices of decentralized finance (DeFi) darlings Yearn.finance (YFI) and Uniswap (UNI) plummeted in the past week. Despite the DeFi marketwide correction, investors are positive that the pullback occurred. In the past seven days, YFI and UNI declined by by 8.39% and 5.98% respectively. The stagnant short-term trend of the …

With China’s central bank digital asset gaining steam, Bitcoin is stronger than ever

Between decentralized finance (DeFi) shenanigans, Bitcoin being adopted by firms like Square, and more, it’s been hard to track all news going on in this space. Many haven’t realized that over the past few months, China’s central bank, the People’s Bank of China (PBOC), has been hard at work testing …