Day: June 21, 2022
Business

Twitter board recommends shareholders vote for Elon Musk’s takeover

[ad_1] The Twitter board has unanimously recommended that shareholders vote in favor of Elon Musk’s takeover of the social media giant.Twitter’s board of directors initially accepted the $44 billion takeover bid at $54.20 per share in late April, and shareholder approval is the final hurdle to the deal going through bar any potentially erratic antics from Musk.According to a June 21 U.S. Securities and Exchange Commission (SEC) filing, Twitter’s board
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Business

SEC’s Hester Peirce opposes crypto bailouts — SBF didn’t get the memo

[ad_1] Securities and Exchange Commission (SEC) commissioner Hester Peirce has spoken out against crypto company bailouts, arguing it’s actually better to “let these things play out,” to create a more sustainable industry. Peirce, the most pro-crypto commissioner for the United States SEC, told Forbes that the recent crash in crypto, though painful, is separating strong companies from the weak.“When things are a bit harder in the market, you discover who's actually
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ALTCOIN

Cardano devs delay Vasil hard fork by a month

[ad_1] Input Output Hong Kong (IOHK), the blockchain engineering firm behind the Cardano network has released some “disappointing news”, announcing a one-month delay to the long-awaited Vasil upgrade. The Vasil upgrade is set to provide a “massive performance improvement to Cardano” and its smart contract capabilities according to Cardano co-founder Charles Hoskinson. It was previously slated to go through on June 29, however the latest estimate is now set for
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BLOCKCHAIN

BIS compares projects to transfer central bank digital currencies across borders

[ad_1] The Bank of International Settlements (BIS) Innovation Hub released a report Tuesday looking at four projects that examined wholesale central bank digital currency (CBDC) transfers across borders. The projects demonstrated the technical feasibility of the transfers, the BIS found, but practical and policy issues remain outstanding. The report considered the Jura project involving the central banks of Switzerland and France. Project Inthanon- LionRock2 and the ongoing mBridge project, involving currencies
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Business

Uniswap acquires NFT marketplace aggregator Genie to further ‘universal ownership’ goals

[ad_1] Decentralized exchange Uniswap announced the acquisition of the NFT marketplace aggregator Genie on June 21st. Uniswap said this move is part of its mission to unlock universal ownership and exchange on its platform.Uniswap is now integrating NFTs into its product line beginning with the Uniswap web app and later integrations are said to include developer APIs and widgets. This isn’t the first time Uniswap has worked with NFTs. In
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