For luxury brands, usual business and marketing practices work upside down. While other businesses aim to scale, optimize and become accessible — luxury brands are supposed to be a cold and beautiful dream, causing admiration and (rarely fulfilled) desires of ownership. Building a luxury brand takes generations of storytelling, and the skill of maintaining a fragile balance between making profits […]

There has been a lot of debate around decentralized exchange Uniswap and the DeFi Education Fund (DEF).  This entity received $20 million or 1 million UNI, the protocol’s native governance token, to be lobby and increase the DeFi sector level of adoption. The funds are to be liquidated in 4 to 5 years. The proposal to created DEF was introduced […]

The U.S. Securities and Exchange Commission (SEC) has charged a token listing website with unlawfully touting crypto securities. The site did not disclose that it was paid by the token issuers to profile their coin offerings. SEC Charges Website Touting Security Tokens Without Clarifying Which Tokens Are Securities The U.S. SEC announced Wednesday that a token listing website has been […]

Paysafe, the parent company of online money transfer service Skrill, announced this week that the payment platform has integrated an additional 20 cryptocurrencies into its digital wallet, providing users with another legacy onramp to digital assets.  Beginning this week, customers outside the United States will have access to 35 cryptocurrencies in total, the company said. Crypto buy and sell services […]

The current crackdown on mining activities in China appears to be gaining steam.  Three provinces Henan, Gansu, and Anhui, have joined the nationwide crackdown on crypto farms.  Henan, Gansu, and Anhui to Crack Down on Mining Activities Local news outlets have reported different reports on the crackdown on crypto mining activities within the country. Heifi Online, a local media outfit […]

Delta Capita announced that it has recruited Francesca Herratt as its new Chief Financial Officer, effective from July 2021. Finance Magnates recently learned in an official press release that Francesca Herratt, an experienced executive in the financial services industry, has been named by Delta Capita, a global managed services, technology solutions and consulting provider, as its new Chief Financial Officer. […]

Amid a massive spike of the United States’ Consumer Price Index (CPI), the cryptocurrency community has divided on whether Bitcoin (BTC) is really a hedge to inflation. The CPI, an indicator measuring the average change in prices that consumers pay for a basket of goods and services, saw its largest one-month increase in June over the past 13 years, Business […]

Syfe, a Singapore-based digital wealth management app, today announced that the company has secured SG$40 million ($30 million) in a Series B funding round. The company is planning to use fresh capital for global expansion. In the press release, Syfe mentioned that the US-based Valar Ventures, co-founded by Peter Thiel, led the latest investment round. Syfe aims to accelerate its […]

The controversial Uniswap-funded DeFi Education Fund has liquidated half of its donated funding into stablecoins, attracting condemnation from many in the crypto community. On June 12, the fund tweeted that it was selling 500,000 UNI to Genesis Trading for 10.2 million USDC in an over-the-counter (OTC) trade, despite the Uniswap proposal for the fund indicating it would liquidate the 1 […]