Hodlnaut cuts 80% of staff, applies for Singapore judicial management

Cryptocurrency lending firm Hodlnaut has cut most of its workforce and has applied to be placed under judicial management due to bleak financial circumstances. Hodlnaut, which offers interest-bearing cryptocurrency investment options in vetted institutions, confirmed the dire state of affairs on Friday. The company’s poor financial position has been put down to losses suffered by…

Crapo Bill Definition

What is the Crapo Bill? The term Crapo bill refers to an economic bill signed into law in 2018 that loosens some of the Dodd-Frank Act restrictions on Wall Street reform and consumer protection. The bill, officially called the Economic Growth, Regulatory Relief, and Consumer Protection Act (S.2115), was sponsored by Mike Crapo, a U.S….

What Is Adjudication?

What is a judgment? A court order is a court order or judgment, usually final, but can also refer to the process of settling a legal case or claim through the court or the court system, such as an executive order in the bankruptcy process between the defendant and the creditors. Normally, a decision represents…

CME Becomes Biggest Bitcoin Futures Trading Platform

The Bitcoin (BTCUSD) price surge last December led to an increase in open interest and trading volume for Bitcoin futures on the Chicago Mercantile Exchange (CME) as traders sought to hedge their positions in Bitcoin in the spot market by opening futures positions on the exchange. This, in turn, helped the exchange become the world’s…

What Is Gwei?

What is Gwei? Gwei is a portmanteau (a mixture of words) of giga and wei. Gwei is a denomination of the cryptocurrency ether (ETH), the digital coin used on the Ethereum network. Ethereum is a blockchain platform, like Bitcoin, where users transact to buy and sell goods and services without a middleman or third-party interference….

NFTs democratize music industry and redistribute song rights

The music industry continues to find inventive ways to integrate decentralized technology into new releases to benefit both artists and their fans. Electronic dance music (EDM) artist R3HAB and blockchain-based music community anotherblock released a single on Friday with the idea of “democratizing music rights.” The nonfungible token (NFT) included in the drop allows holders to…