Cryptonews

Cryptonews


Beijing Court Rules in Case Involving a Man Who Refused to Be Paid in USDT Instead of Fiat

Posted: 06 Jul 2022 05:00 PM PDT

A Chinese tech worker who refused to be paid in tether (USDT) and insisted on receiving fiat yuan has won his case against his former employers.
Per the Workers' Daily, a branch of the People's Court in the Chaoyang District of Beijing heard a civil case involving a now-defunct IT company and a former contract employee named by the court only as Shen (his surname)....
Read More: Beijing Court Rules in Case Involving a Man Who Refused to Be Paid in USDT Instead of Fiat

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Bull or Build, There is No Bear

Posted: 06 Jul 2022 01:00 PM PDT

Chandler De Kock is Growth Strategist at UMA, an optimistic oracle built for Web3.
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It's easy to get caught up in the chatter and concern that erupted in recent weeks around the collapse of TerraUSD stablecoin and then the latest round of losses that has set off job cuts and extreme market conditions throughout the broader crypto and [decentralized finance] DeFi ecosystems....
Read More: Bull or Build, There is No Bear

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Chinese Central Bank May Apply Smart Contract Technology to Digital Yuan

Posted: 06 Jul 2022 10:00 AM PDT

The central People's Bank of China (PBoC) could be set to make use of smart contracts in its digital yuan project – an indication that blockchain technology could well end up playing a larger role than expected in the e-CNY's future....
Read More: Chinese Central Bank May Apply Smart Contract Technology to Digital Yuan

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Ethereum's Step Towards PoS, Bitcoin Mining Difficulty, Binance's BTC Trading Fee Move + More News

Posted: 06 Jul 2022 09:00 AM PDT

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.
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Read More: Ethereum's Step Towards PoS, Bitcoin Mining Difficulty, Binance's BTC Trading Fee Move + More News

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DeFi is ‘Designed to Avoid This Bullshit,’ Compound Founder Says About Crypto Bailouts

Posted: 06 Jul 2022 07:22 AM PDT

Decentralized finance (DeFi) protocols "don't need to get bailed out," and were "designed specifically to avoid this bullshit," the founder of DeFi protocol Compound (COMP), Robert Leshner, has said.
Discussing the troubles currently faced by centralized crypto lenders like Celsius (CEL), Voyager Digital, and BlockFi in a recent episode of the Unchained Podcast, Leshner said that the companies are all in trouble because of the way they are operated....
Read More: DeFi is 'Designed to Avoid This Bullshit,' Compound Founder Says About Crypto Bailouts

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