A U.S. listed Chinese sports lottery firm announced that it has entered into a purchase agreement to acquire bitcoin (BTC) mining machines. The deal involves the issuing of $14.4 million worth of 500.com Class A ordinary shares. Models Include S17, T17, M20s and S9 According to the announcement, 500.com Ltd reached an initial agreement to […]
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As DeFi protocols continue to garner mainstream traction, here’s an introduction to how lending and borrowing work on these platforms. Are there any risks involved? DeFi protocols feature certain risks, such as third-party smart contract tampering and the risk of borrow APYs rising dramatically within a short time period. When compared with centralized finance, there […]
Economist David Rosenberg has pleaded “ignorance on bitcoin” after saying that the cryptocurrency was in a massive bubble. He admitted that bitcoin has exceeded his expectation but he still prefers gold because he understands it a lot better than bitcoin. ‘Bitcoin Has Exceeded Almost Everybody’s Expectations’ David Rosenberg, chief economist and strategist at Rosenberg Research, […]
Ethereum is now the third largest blockchain by stake committed, and has plenty of room to grow. Little more than a month after launching, the Ethereum 2.0 blockchain now holds 2.7 million Ether (ETH), worth $3.8 billion. The combination of the Ether price rally and an ever increasing amount of stakers have propelled the Ethereum […]
