META SPACE
META SPACE Laboratory invested 100 million US dollars to support its ecological construction, and launched the META SPACE chain game ecology and META SWAP, DEX platform in the first phase, and opened up the dual ecological interconnection mechanism.
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McLaren Partners With Turkish Crypto Firm to Launch Formula 1 Fan Token
McLaren, the legendary Formula 1 auto racing team, has entered into a long-term partnership with Turkish crypto firm Bitci.com to create an official fan token for the team. The U.K.-based McLaren will launch its fan token – which it says is the first of its kind in Formula 1 racing – through the new partnership. Bitci.com will also become an official partner of the racing team, according to Wednesday’s announcement. Bitci.com is a Turkish cryptocurrency exchange with around $50 million in 24-hour traded volume. McLaren joins other prominent sports teams that have launched fan tokens….
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HOKK Cup – LBank Arena of Valor Competition
[Arena of Valor] The glorious horn blares in this hot July, waiting for the brave warriors to answer its call! No battle, no youth! Hosted by LBank and title sponsored by Hokkaidu Inu (HOKK Finance), the first HOKK Cup – LBank Arena of Valor Competition is about to start fighting with warmly sponsorship supporting from DeFi STOA, Gorilla Diamond, Kaka NFT World，DFG，CDI，Basics Capital and LBank loud. This highly anticipated competition has also attracted lots of strategic media partners like Golden Finance, ChainNews, ODaily Vernacular Blockchain, Deep Chain Finance, Chain to Finance, and Ostrich Blockchain, etc. In this hot July,…
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How Coinbase’s Wild Earnings Stack Up Against Normie Financial Firms
Based on earnings estimates announced Tuesday, nothing else in the financial services industry really compares to Coinbase right now. Wedded to the rising fortunes of cryptocurrencies themselves, soon-to-list Coinbase expects to make more money in the first quarter of this year than in all of 2020, and has seen an exponential rise in engaged customers. Coinbase’s revenue for the first three months of 2021 is expected to be $1.8 billion with earnings of about $800 million, compared with $1.3 billion in revenue and earnings of $322 million for all of 2020. Crypto is…
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Bitcoin Exchange LVL Launches Mastercard Debit Card
Upstart cryptocurrency exchange LVL is opening pre-orders for a Mastercard debit card linked to bitcoin and fiat accounts. The card is among Mastercard’s premium products and can be used anywhere globally, said LVL CEO Chris Slaughter. Mastercard did not respond to requests for comment by press time. “It took a couple of months to get [Mastercard] to be comfortable with it being connected to crypto,” Slaughter said. “Convincing them that it was aligned with their premium brand was more involved because their view on crypto businesses is that they’re transactional businesses,…
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What Is BitClout? The Social Media Experiment Sparking Controversy on Twitter
Prominent users of Crypto Twitter have suddenly discovered they have another profile on a new social network called BitClout, except over there some people are buying and selling tokens representing their identities. It does not matter whether the people behind those profiles have ever touched the social network. “The core insight behind BitClout is that if you can mix speculation and content together, you can not only get a 10x product that creates innovative ways for creators to monetize, but you also get a new business model that’s not ad-driven…
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Can Decentralized Stablecoins Stabilize?
Decentralized finance (DeFi) idealists want to create perfectly free financial ecosystems that can’t be subverted by governments, corporations or regulators. They also want their decentralized nirvana to be equipped with stablecoins so users can be protected from price craziness. Therein lies the contradiction. J.P. Koning, a CoinDesk columnist, worked as an equity researcher at a Canadian brokerage firm and a financial writer at a large Canadian bank. He runs the popular Moneyness blog. Are decentralized anarchic systems, those that have no link to existing centralized institutions, capable of creating stability?…
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FFIL will help Filecoin grow in distributed storage in the multi-chain era
Up to now, the blockchain industry has formed a new technological revolution, in which the concept of distributed ledger has been comprehensively upgraded and optimized, and distributed digital storage has begun to be applied. Filecoin’s mission is to create a distributed, efficient, and powerful infrastructure for social information storage. We believe that humanity’s most valuable resource is information, and Filecoin is passionate about storing and protecting this valuable resource with efficient pricing, distribution, and protection. The launch of IPFS network also started the wave of distributed storage, in which FIL,…
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Market Wrap: Bitcoin Rallies Near $58K, Stocks Soar to Record Highs
Bitcoin (BTC) trading around $57,572.97 as of 21:00 UTC (4 p.m. ET). Climbing 2.11% over the previous 24 hours. Bitcoin’s 24-hour range: $54,323.61-$57,632.81 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians. bitcoin trading on CoinbaseSource: TradingView The bitcoin market is back in bull mode but for one key attribute, almost like a missing tooth: low trading volume. Bitcoin’s price on Thursday extended its winning streak to a seventh day as a renewed appetite for risk-taking in traditional markets sent U.S. stocks to…
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US Government Sues Decentralized Content Platform LBRY Over $11M in Token Sales
The U.S. Securities and Exchange Commission (SEC) is pursuing yet another case of a blockchain company allegedly selling unregistered securities. According to court documents filed Monday, peer-to-peer content distribution network LBRY is being accused of selling “millions of dollars worth of unregistered securities to investors” beginning in 2016. The securities regulator is seeking a permanent injunction against LBRY from selling further tokens in addition to a disgorgement of “ill-gotten gains” plus prejudgement interest. The SEC says the securities were sold in the form of LBRY Credits (LBC), which were communicated to investors as…
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The first year of the blockchain: Consensus Alliance enters the blockchain industry
Blockchain technology is derived from Bitcoin, as people know more about blockchain technology, the blockchain industry is also undergoing great changes. Whether at the level of capital or innovation, blockchain has always been a hot word in 2016. The technical characteristics of distributed general ledger, encryption algorithm and programmability based on blockchain are regarded as the cornerstone of future digital society. Blockchain is expected to lead human society to evolve from information Internet to value Internet. Even, this most subversive technology after the Internet is likely to set off…
