Cosmos Community Approves Capping Atom Inflation Rate at 10%
The Cosmos Hub governing committee has approved a plan to lower the maximum inflation rate of Cosmos (ATOM $9.56), the company’s native token, from 14% to 10%. The approved change, as proposed, would cause ATOM’s annualized staking yield to drop from about 19% to about 13.4%. Within the Cosmos network, a network of connected blockchains, […]
Indexed DAO Prevents Security Threats, Plans Victim Compensation
Overcoming hostile takeover efforts, Indexed Finance protects $120,000 in assets and becomes more potent in DeFi governance. Two hostile takeover attempts against Indexed Finance’s Decentralized Autonomous Organization (DAO) have been successfully thwarted. This blockchain-based company, the target of a huge $16 million hack in 2021, has been threatened by attackers who want to take control […]
UK Investment Funds Get Green Light for Tokenization
The UK is leading the investment revolution by embracing fund tokenization, which increases asset management’s competitiveness and efficiency. In the UK’s investment industry, the investment association’s announcement of fund tokenization clearance is noteworthy. Approved by a working group of the government, the UK Treasury, and the Financial Conduct Authority (FCA), this development represents a revolution […]
Bitfarms Boosts Bitcoin Mining Operations with $44 Million
In order to bolster its working cash and develop its infrastructure for mining Bitcoin, Bitfarms has announced a $44 million private placement with American investors. In an effort to raise about $44 million ($60 million CAD), Canadian Bitcoin mining business Bitfarms Ltd. has entered into a private placement agreement with institutional investors in the United […]
Tether, Bitfinex Agree to Drop Opposition to FOIL Request
Tether and Bitfinex have decided not to challenge requests for FOIL (freedom of information law) from reporters, including Ada Hui, Shane Shifflett, and Zeke Faux as instances of journalists who engage in “specific behaviors.” The companies claim that Faux went beyond the bounds of professional journalism in his previous reporting on Bitfinex and Tether. The […]