business

Poloniex ‘Last Resort’ Trade Reversals Necessary to Safeguard Trader Funds

Cryptocurrency exchange Poloniex remains confident that it has identified and fixed an error that caused a number of erroneous trades on the platform earlier this week. On Feb. 12, Poloniex made a decision to reverse all trades that took place during an 11-minute period due to a software error. The bug caused trades to be …

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Korean ICO Contents Protocol Shuts Down, Will Return $7.5M to Holders

The South Korean initial coin offering project Contents Protocol will return 26,877 Ether (ETH) ($7.5 million at press time) to holders of its CPT token. Both legal obstacles and business challenges were cited as reasons for the shutdown. The details are visible on the project’s modified homepage, first recorded on Feb. 19. Its public ICO …

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Chinese Exchange FCoin Closes Down, Still Owes Users $125 Million

Zhang Jian, founder of Chinese crypto exchange Fcoin, revealed in a post earlier today that FCoin may not be able to pay the 7,000-13,000 BTC (that’s $67 million to $125 million) that it owes users.  According to Zhang, the exchange hasn’t been hacked and isn’t an exit scam. But evidence suggests it might be exactly …

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New Partnership Aims to Bring Blockchain Sports Tokens to the NFL, MLB

American sports fans could soon be using blockchain-based tokens to interact with their favorite teams. Blockchain sports firm Chiliz has partnered with major marketing agency Lagardere Sports and Entertainment, according to a press release on Feb. 17.  Chiliz CEO Alex Dreyfus told Cointelegraph that — as part of the partnership — Lagardere’s sales team will …

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Bitcoin Mining Unit Manufacturer MicroBT Nibbles at Bitmain’s Market Share

Bitcoin miner maker MicroBT has rapidly expanded market share by selling over half a million units in 2019, chipping away at rival Bitmain’s dominance. MicroBT sold about 600,000 units of its flagship WhatsMiner M20 series last year, Vincent Zhang, sales head of the Shenzhen-based company, said in an online panel hosted by Chinese mining pool …

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Keep Calm and Work Hard: The Story of Binance’s CEO From A to CZ

Some call him the Bill Gates of the crypto industry, but I personally think he is not just pushing forward our industry but transforming deeply rooted economic and social culture. He fills concert halls talking about the importance of decentralization and the freedom of money. He finds time to organize dinners for journalists, introducing them …

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Mind the Gap: Why ETH Price and DeFi Adoption Aren’t in Sync

In his 1991 book, “Crossing the Chasm,” management consultant Geoffrey Moore defined a crucial gap between the early adopters of a new technology and the larger populations of users that come later. Decentralized finance (DeFi) may now be approaching a gap of its own.  This article focuses on DeFi services that allow deposits of ether …

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Not All Central Banks Have an Interest in CBDCs

The recent survey results published by the Bank of International Settlements produced bullish and bearish sentiments with regard to Central Bank Digital Currency adoption. While banks in Emerging Market Economies (EME) are moving more rapidly toward issuing government-sponsored CBDCs, those in established countries appear to be taking a more cautious stance on the transition from …

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HQ Trivia game abruptly shuts down after 14 ‘seasons’

Sponsored Links HQ Trivia HQ Trivia, which was once a popular mobile game where you can earn a few dollars, is no more. CNN has obtained an internal memo from CEO and co-founder Rus Yusupov, terminating 25 full-time employees and all contractors because the company has to cease operations immediately. Apparently, HQ Trivia hired a …

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Hedera’s Token Price Spikes Prematurely After Google Joins the Network’s Governing Council

After Hedera Hashgraph announced Google Cloud would be joining its governing council on Tuesday, the price of the network’s native token HBAR rose above 5 cents for the first time since the network’s launch and above 2 cents for the first time in a month. As part of the body of advisers who oversee software …

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