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New York-based blockchain company ConsenSys is reportedly seeking investors to raise $200 million, technology media outlet The Information reported on April 15.According to sources familiar with the matter, ConsenSys is trying to attract outside investors to raise $200 million. The company’s executives reportedly talked to investors in Hong...
According to a recent report from the Intergovernmental Panel on Climate Change, the human race has just 12 years to curb carbon emissions before climate change becomes an irreversible, catastrophic event.The Republican Party usually denies the existence of climate problems. But their rivals in the Democratic Party claim to...
According to Credit Suisse strategists, the “reversal of fortunes” seen by tech behemoths Apple and Google-parent Alphabet are dragging down the performance of the overall US stock market. The S&P 500 forecast has been “skewed” by companies suddenly transitioning from high growth forecasts to much more modest outlooks.This Bad...
5.Despite all the benefits, you have to make some effort to start trading and to fully understand cryptocurrencies. Purchasing coins for the first time might not be as easy as it seems. First of all, you have to make relevant research to fully understand how crypto works. You...
Coronavirus could hurt quite a few industries around the world, but a handful might benefit from a shopping frenzy. This weekend saw sales of hand sanitizer and cleaning products rise exponentially as the public panicked about a potential coronavirus outbreak. Cleaning products aren’t the only place to look...
On September 11, photographs of Star Xu, the founder and CEO of OK Group, the parent company of crypto exchange OKEx, being investigated by Shanghai police circulated around online cryptocurrency communities. CNLedger, a trusted news source in the Chinese cryptocurrency community, reported that Xu was investigated by police officers in...
Leah Callon-Butler, a CoinDesk columnist, is the director of Emfarsis, a consulting firm focused on the role of technology in advancing economic development in Asia. When Chef Bagus closed the doors to his restaurant in the Balinese tourist resort of Kuta, the only thing left in the kitchen was the...
As of June 4, six stablecoins — Tether (USDT), Gemini Dollar (GUSD), HUSD (HUSD), PAX Gold (PAXG), TrueUSD (TUSD) and USD Coin (USDC) — have had a total of more than 10,000 minting transactions so far in 2020, totaling $8 billion, with USDT issued on the Ethereum blockchain dominating...
The COVID-19 pandemic is threatening to plunge the world into the deepest crisis since the Great Depression and could deprive global economies of $5.5 trillion over the next two years. China’s economy shrank for the first time in 44 years. China’s gross domestic product fell by 6.8% in the...
On March 10, the Binance Dollar’s (BUSD) market cap crossed the $100 million mark. This is the first time that the stable coin, created in partnership between Binance and Paxos Trust company, has achieved this milestone.BUSD growthCurrently, BUSD has the sixth highest market cap amongst stable coins. BUSD...