Dawn Fitzpatrick, CEO, and CIO of the $27 billion Soros Fund Management announced that the investment management giant has been liquidating the $5 billion it had invested in March 2020 during the Covid-19 triggered market instability. Furthermore, Fitzpatrick noted that the company will be redirecting its investment into Decentralized Finance.
🔥Solana blockchain-based, CODI Finance announces IDO Launchpad and NFT Marketplace during Private Sale
Codi Finance, a Solana-powered decentralized exchange protocol is preparing for its IDO Launchpad and a full-fledged NFT marketplace. Codi Finance is on the way to become the most significant decentralized exchange or DEX with the help of the Solana blockchain which is known for its features like blazing fast speed, low transaction costs, and even lower latency.
🔥Baby Doge Waging a War of Terror on other Doge Projects
When Bitcoin brought the notion of decentralization to the centralized world, many wondered how this would transpire. Fast forward more than a decade later and the power held by decentralization can now be felt the world over.
🔥US will not follow China’s authoritative Crypto Ban, says SEC Chief
The infamous, anti-crypto SEC Chairman, Gary Gensler reinstated that regardless of the US regulators’ crackdown on crypto, the commission has no plans to ban digital currency like the authoritarian Chinese state. In a House Committee on Financial Services this Tuesday, Gensler noted that SEC efforts are aimed at regulating cryptocurrencies and not banning them.
🔥South Korea: Authorities reinstate imposition of Crypto Tax from 2022
Deputy Prime Minister and Minister of Strategy and Finance, Hong Nam-ki have reinstated that the South Korean law for taxing income from virtual asset businesses will be implemented as scheduled, i.e., 2022 onwards. The authorities asserted that no further delay will be accommodated in lieu of maintaining legal and financial stability.
📈ADA Lags Recovery To $2.5 Despite Peers Hitting New Milestones
Cardano price teeters within a wide range, marked by the 50-day SMA on the upside and the 100-day SMA on the downside.The IOMAP model reveals that ADA sits on robust support while the absence of a massive resistance favors the bulls.Cardanois seen trading at $2.2 on Monday toward the end of the Asian session. The smart contracts token is becoming competitive, biting into Ethereum’s piece of cake alongside Solana.
Multi-Billion Dollar Investment Management Firm cashes out from Stocks to invest in Defi
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