CoinspeakerStablecoin DEX Curve Now Offers Dividends for Its Governance Token CRV The stablecoin DEX Curve has initiated a new dividend program for the investors and holders of its new governance token CRV. In its Twitter announcement, Curve mentioned that its veCRV stablecoin gets around $350 million daily trading volumes. At this rate, they predict an annual percentage yield (APY) of 300%. Admin fee collection for veCRV (locked $CRV) holders starts in 11 hours. With today's stablecoin trading volume ($350M daily!) this would result into 300% APY for veCRV 😱 — Curve (@CurveFinance) September 19, 2020 Speaking to CoinDesk, Curve founder Michael Egorov said: “We’ll start moving towards a cashflow-based protocol because the numbers are too sweet to not do it”. The main goal of the Curve DAO token has been to incentivize liquidity providers on the Curve Financial platform. Besides,...

CoinspeakerWill DeFi Evolve to Become the Biggest Name in The Crypto Landscape? Decentralized finance (DeFi) has arrived, and considering the total value locked into DeFi rocketed from around $1 billion to nearly $10 billion in the space of three months, there’s every indication that it’s here to stay. However, the DeFi ecosystem has skyrocketed so rapidly that its power transcends just money – other assets are finding themselves caught up in the thriving ecosystem. Could the growth of decentralized finance continue to snowball until it envelops the rest of the cryptocurrency landscape? Let’s take a look at why everybody’s talking about DeFi: Understanding the Power of DeFi By definition, decentralized finance is a crypto ecosystem that’s comprised of financial apps designed to operate on popular blockchain platforms. In short, DeFi is the name given to the use of blockchain technologies...

CoinspeakerTop 6 DeFi Platform Options for Crypto Users to Grow Money Many crypto users have heard about DeFi and some of its better-known platform options. However, only a few crypto users are taking advantage of using these platforms. If they are looking for ways to make their crypto investments work for them it would be reasonable to consider DeFi platform options. Currently, Ethereum is the most well-established and largest, open-ended decentralized blockchain. The entire DeFi and all its projects are built on ETH. DeFi continues experiencing significant growth. Currently, it is over a $2 billion market, which has already been deployed across various platform options that offer exchange services, lending services, tokenization services, monetary banking services (e.g., the issuance of stablecoins), or other financial instruments and risk management tools like prediction or derivatives markets. Decentralized finance platform options offer traditional...

CoinspeakerNvidia Lawsuit: Firm Hoarding Its 2017 ‘Crypto Craze’ Documents Proceedings from the United States’ Delaware Court of Chancery on Sept. 17 have shown that American multinational technology company Nvidia Corporation (NASDAQ: NVDA) is unwilling to reveal its internal record documents during the 2017 crypto craze in its ongoing class-action lawsuit. Following allegations of misrepresenting facts and figures, Nvidia’s lawyers argued that the plaintiffs have failed to show a “credible basis” for why the company should be compelled to hand over the requested company documents. As reported, Nvidia is facing a class-action lawsuit on allegations that it misled investors as to how much its revenue relied on crypto miners buying its graphics processing units amid the 2017 bull run. Nvidia’s representative Patrick Gibbs of Cooley LLP noted that the plaintiff is a stakeholder of Nvidia and thus has an interest in...

CoinspeakerSnowflake IPO Left $3.8 Billion on the Table, Largest Amount in 12 years In its debut on Wednesday, the cloud-based data management firm Snowflake Inc (NYSE: SNOW) held the biggest IPO so far in 2020, where shares jumped 112%. Investors benefited from a $120-per-share offering price on their investments, which was much higher (about 41% higher) than the price market earlier this month. Earlier backers – such as Sutter Hill and Altimeter Capital – also benefited in a bigger way as they got several times out of the investments made. Altimeter Capital’s founder and CEO Brad Gerstner even said in an interview with CNBC that “the heart’s beating a little faster right now.” Opportunity Cost in Snowflake IPO However, the money from the IPO left on the proverbial table is not being discussed – the opportunity cost of investing the...

CoinspeakerPoloniex and KuCoin Partner to Accelerate Industry Innovation Two of the industry’s best known exchanges have revealed they’ve entered into a partnership. Poloniex and KuCoin, once rivals for market share, are now partners intent on exploring synergies to grow their business and bolster innovation. While each platform will continue to plow its own furrow, opportunities for collaboration will be explored. Although exchange partnerships aren’t uncommon, they usually involve a major exchange taking a regional or specialist platform under its wing. It’s rare for two platforms that are ostensibly in competition with one another to partner. There would appear to be tangible benefits that each party can derive from this alliance, however, given that Poloniex is established in the US and Europe, but has a low profile in Asia, while the reverse is true of KuCoin. What a Strategic Partnership Means...

CoinspeakerByteDance to Go Public after Trump Approves TikTok Deal with Oracle ByteDance, the embattled parent company of sensational social video app TikTok is reportedly set to go public if President Donald Trump approves its deal with the Oracle Corporation (NYSE: ORCL). According to sources who spoke to CNBC, the president is expected to make his ruling on the deal in the next 24 hours as he is currently in an active consultation with his advisers. Earlier, it was revealed that ByteDance had chosen Oracle (ORCL) to be its trusted technology partner in the United States, as the company will provide ByteDance cloud infrastructure. While Oracle has confirmed the deal noting that it will do all in its power to secure American’s data, many have feared whether the president will assent to the deal having to give TikTok the option of...

CoinspeakerBankia and Caixabank Decide to Merge: Spain on Verge of Getting New MegaBank Caixabank and Bankia are on the brink of forming a megabank to become the leading bank in Spain following the approval of the merger plan by the board of directors of both entities. According to the report, the Caixabank brand will be maintained, and the new entity will seek to add value to customers, play a vital role in the recovery of Spain’s economy as well as improve profitability for the shareholders. The new entity will have a balanced territorial presence equipped with resources and have the capacity to match the challenges of the banking industry. The details of the operation include the approval of Caixabank shares to Bankia shares at an exchange rate of 0.6845. Details of Caixabank and Bankia Merge Deal Also, there was an...

CoinspeakerBillionaire Richard Branson to Raise $460 Million for New Blank Check Company Billionaire and investor Richard Branson is planning to raise $460 million for a new blank check company. The English billionaire hopes to use the raised funds to create a new special purpose acquisition company (SPAC). Called VG Acquisition, the company will sell 46 million units of shares and warrants on the New York Stock Exchange (NYSE). Richard Branson and New Blank Check Company Over the past few years, individuals and entities have been raising capital through SPACs to pursue merger opportunities. In July, billionaire Bill Ackman raised $4 billion for his SPAC in an IPO offering. Also, another blank company backed by Paul Ryan, a former speaker of the US House of Representatives, raised $300 million at its offering. As of the 22nd of July, nearly $18 billion has...

CoinspeakerTSLA Stock Rises 4% in Pre-market, Tesla Clinches Victory in Ex-Employee Lawsuit Electric automaker Tesla Inc (NASDAQ: TSLA) has clinched victory in the lawsuit filed in 2018 against its former employee Martin Tripp. As reported by Reuters, Martin was fired for hacking and transferring company data to third parties, according to court documents filed on Thursday. Meanwhile, after the news, today in the pre-market, TSLA stock is 4.60% up, trading at $442.89. Martin Tripp, a Tesla (TSLA) employee at the company’s Nevada Gigafactory, had admitted to writing the software that hacked the Tesla’s manufacturing operating system while transferring several gigabytes of its data to third parties while also making false claims to the media.  Per the Reuters report, the District Court of Nevada in a preliminary ruling had denied Tripp’s motion for leave to file an additional reply to Tesla’s...