Search Results for: middle class

Defi Losing Track of Its Core Vision as It Gradually Resembles the Very Idea It Aspired to Change

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As defi continues to expand, it risks embracing the very ideology it initially sought to reject as the primary beneficiaries of this new financing paradigm are those who already own digital assets. Replacing Intermediaries Doesn’t Directly Improve Finance When it comes…

Wu-Tang Clan’s Unreleased Album Changes Hands From Martin Shkreli to an NFT Art Collective

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After fighting in court since 2015, the former hedge fund manager Martin Shkreli was sentenced to seven years in prison for conspiring to commit securities fraud and he was forced to pay $7.4 million in fines. One of Shkreli’s prized possessions,…

Start-up Raises $2 Million to Pioneer Cryptocurrency Usage in Francophone Africa

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A Cameroonian fintech start-up, Ejara, has raised $2 million to pioneer the usage of crypto and investment services in French-speaking African countries. Coinshares Ventures and Anthemis Group led the funding round in which they were joined by Mercy Corps Ventures, Lateral…

Skybridge Capital’s Scaramucci on Crypto Boom: ‘The Institutions Are Not There’

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Anthony Scaramucci, CEO of Skybridge Capital, a multi-asset class investment firm, says he thinks the institutional investment boom in cryptocurrencies has been greatly exaggerated. In an interview given to Bloomberg last week, Scaramucci stated that most institutions are still not interested…

Bitcoin.com Doubles Down on Non-Custodial Model

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Bitcoin.com, in line with its vision to support ‘economic freedom,’ is refocusing its efforts on non-custodial, or ‘self hosted,’ crypto products, including exchange. Therefore, the Bitcoin.com Wallet, which is fully non-custodial and provides users with direct access to public blockchains like…