Popular decentralized finance project Sushi is now aiming to attract institutional investors, a growing trend in the DeFi sector as seen with Compound Finance’s fixed 4% interest rate feature and Aave launching Aave Pro. But Sushi thrives in drama, and after a controversial beginning this summer, we have yet another spectacle. “To onboard institutional investors,” […]
Category: STO News
Ether Futures Debut on CME Group Next Week to Mark a Local Top?
In its price discovery, Ether has hit a new all-time high of $1,700. Four days into February and the second-largest cryptocurrency has surged 34%. In 2021 so far, Ether is up 120% compared to Bitcoin’s 27%. Ethereum tends to outperform Bitcoin as it is now doing, as did last year and during the 2017 bull […]
AMC Drops 25% in 7 Days, but Retail Says It’s Buying the Dip
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Having apes covering its back, AMC stock swiftly recovers. Pincered between new viral fears and animus toward short-sellers, the meme stock gained another, unexpected bullish supporter. Did Adam Aaron’s Canceling of New Shares Trigger […]
Why $30k is a Crucial Threshold in Bitcoin’s Ongoing Supercycle
Neither the author, Kai Morris, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. For the whole of June and July so far in 2021, Bitcoin has been hovering just above the $30,000 mark. Only briefly did it reach $40,000 on June 14th, but this was short-lived as […]
Binance Responds to Regulatory Scrutiny by Removing Stock Tokens from its Platform
Crypto exchange Binance started facing ever-growing regulatory scrutiny due to its so-called stock tokens — cryptocurrencies linked to stocks of various firms. So much so, in fact, that the exchange was forced to withdraw them from its platform effective today. The largest and most controversial crypto exchange in the world Binance has been the largest […]
Binance Stops Selling ‘Stocks Tokens’ After Hong Kong SEC Issues a Warning
The Securities and Futures Commission (SEC) of Hong Kong issued a warning on Friday against the leading cryptocurrency exchange, saying Binance is not licensed to sell “stock tokens” in the city. Previously, other regulators have also raised concerns about Binance selling tokenized stocks, including Germany. Tokenized stocks are digital assets that are backed by the […]
US Rep, Tom Emmer, Reintroduces Bill Aimed At Defining Cryptocurrencies Under Securities Act
The United States Representative Tom Emmer has again introduced a bipartisan bill called the Securities Clarity Act. The bill is aimed at defining how federal regulators treat digital assets under securities laws. Crypto Bill Gets Democratic Co-Sponsors Backing Emmer first introduced the bill in September 2020, but it didn’t pass the Democrat-controlled House. The bill […]
Cardano Launches Latest Version Of Alonzo Testnet, Dubbed Alonzo White
Blockchain platform Cardano is getting closer to a final release of smart contracts on its mainnet. The firm announced the launch of another upgrade in the Alonzo testnet called Alonzo White. Cardano Expanding Support For Smart Contracts With Alonzo The Cardano team of developers, Input Output Hong Kong (IOHK), announced the successful hard fork of […]
Square, Processor of $112 Billion+ in 2020, Announces New Firm to Bring DeFi to Bitcoin
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. In a recent Twitter thread, Jack Dorsey, CEO of both Square and Twitter, revealed his intentions to build an open developer platform primarily focused on Bitcoin. Looking from a broad perspective, this could mean […]
Another Win For Ripple As Judge Orders The Deposition Of Former SEC Official, William Hinman
Ripple Labs Inc has been given the go-ahead to question former SEC official William Hinman in its lawsuit with the Securities and Exchange Commission (SEC). ETH Is Not A Security – William Hinman Ripple had asked the US Judge Sarah Netburn to let it depose the former director of the SEC’s Division of Corporation Finance. […]