DefiDollar Listing on AscendEX

PRESS RELEASE. AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the DefiDollar Token (DFD) under the pair USDT/DFD on Apr 29 at 1:00 p.m. UTC.

DefiDollar is a DeFi lab that aims to bring mass adoption to DeFi with a wide-ranging product suite. The first product offering to go live will be the stablecoin index – DUSD, with ibBTC and optionCoin currently in development. DefiDollar (DUSD) aspires to be a risk-insured stablecoin layer for DeFi. It is designed to provide a safe and stable way for users to hold their assets with DUSD being optimized for peg safety, yield, and diversification.

DefiDollar uses DeFi primitives to stay close to the dollar mark. DUSD provides an avenue for diversifying stablecoin holdings to hedge against an event where the underlying stablecoins like Tether or DAI deviate from their peg. DUSD is collateralized by Curve Finance LP tokens.

DFD is the native token of the DefiDollar protocol and serves two primary functions, governance and as a protocol backstop in case of a black swan event.

The DeFiDollar team is also working on a range of additional utilities for the ecosystem, including synthetics, indices, and options products. The next product to be released by DefiDollar will be ibBTC, a BTC index launched in collaboration with Badger DAO.

DefiDollar brings together a team with exceptional experience, from Google to Y-Combinator backed startups and India’s first Crypto Unicorn – Polygon.

 

About AscendEX

Originally founded in 2018 as BitMax.io, AscendEx is a leading crypto and digital asset financial platform catering to both professional and retail traders. The venue offers spot, futures, margin trading and staking products and incorporates key elements from the DeFi space to foster a unique market structure for users. AscendEx is led by a team of Wall Street veterans who have applied traditional markets’ rigor to create a robust, secure, and reliable experience for all participants; and a consistent source of liquidity for primary offerings.

For more information and updates, please visit:

Website: https://ascendex.com

Twitter: https://twitter.com/AscendEX_Global

Telegram: https://t.me/AscendEXEnglish

Medium: https://medium.com/ascendex

About DefiDollar

DefiDollar is a DeFi lab that aims to bring mass adoption to DeFi. DefiDollar brings together a team with exceptional experience from Google to Y-Combinator backed startups and India’s first Crypto Unicorn – Polygon.

For more information and updates, please visit:

Website: https://dusd.finance/

Twitter: https://twitter.com/defidollar?s=20

Telegram: https://t.me/defidollar_community

Blog: https://medium.com/defidollar/

 

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This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

source https://news.bitcoin.com/defidollar-listing-on-ascendex/

South African Women Lose Money to Crypto Scammer Who Convinced Them That Botswana Pula Coins Are Bitcoins

A group of South African investors recently confessed to losing money to a brazen scammer after he convinced them to buy and hold nearly worthless physical coins. The coins, which are denominated in the Bostwana pula currency, were initially sold to a group of South African women back in 2019 when bitcoin was only worth $3,500.

However, according to a report, this con only came to light when one member of the group, who is only known as Lizet, attempted to cash out after she lost her job. Lizet explained:

I lost my job and decided to sell one bitcoin since it had doubled in price (and that is when) I found out I had bought two 5 pula coins for $6,988 (100,000 rands) and now the Nigerian man who scammed us is no where to be found.

Meanwhile, Lizet adds that before the women realised they were being conned, the scammer would tell them that what they were “doing is what investors call hodl” and that “when the price is right people will be fighting to purchase the coins from us.” It was this reassurance that convinced Lizet, who was waiting patiently to become a millionaire, to take out a loan which she used to buy the coins.

In the meantime, the report quotes an unnamed spokesperson of the country’s police also confirming that the physical coins in question were in fact Botswana Pula coins. The police also revealed that “information (has been) filed off and the letters BTC (are now) engraved on them.”

What do you think of this story? You can share your views in the comments section below.

source https://news.bitcoin.com/south-african-women-lose-money-to-crypto-scammer-who-convinced-them-that-botswana-pula-coins-are-bitcoins/

"Turning up the heat" on Buffett and Berkshire

While shareholders proposals on climate change and diversity won't be approved at Saturday's Berkshire Hathaway annual meeting, they're getting support from institutional investors, who make up a growing portion of the company's shareholders.

VIEW IN BROWSER | SUBSCRIBE FRI, APR 30, 2021 WARREN BUFFETT WATCH Institutional investors are "turning up the heat" In their previews of tomorrow's Berkshire Hathaway annual shareholders meeting, both The Wall Street Journal and The New York Times focus on Buffett's rejection of shareholder proposals calling for reports on how the company is dealing with climate change and the diversity of its employees.   The Journal writes, "While many of the complaints aren't new and none of the shareholder proposals are likely to pass, Berkshire's lackluster returns in recent years have made it more vulnerable to criticism amid a growing wave of investor interest in corporate sustainability issues."   For Berkshire, it's institutional investors that are "turning up the heat."   The majority of Berkshire shares are held by individuals, many of them longtime holders, who will back Buffett.      But as he reduces his holdings through his annual stock donations, more shares are winding up with institutions that are not as deferential.   The Times quotes law professor Lawrence Cunningham as saying, "Now you have more funds focused on those E.S.G. (environmental, social and corporate governance) topics than 10 years ago, and more of Berkshire's base is comprised of those kinds of funds than 10 years ago."   As an official at Calpers, California's huge public pension fund, put it to The Times, "We are not going to shy away from holding Berkshire accountable just because it's run by Warren Buffett."   While Berkshire agrees that diversity and climate change are important issues, it argues that the company's decentralized structure gives subsidiary managers responsibility for handling them.   Handing down mandates and trying to compile statistics from "dissimilar operations in different geographic locations," Berkshire says, is unnecessary, unreasonable and "inconsistent with Berkshire's culture." More previews With Yahoo Finance doing the live streaming of the meeting Saturday that starts at 1:30 PM ET, (pre-game show at 12:30 PM) they've been busy doing lots of previews and Berkshire/Buffett-related stories: Berkshire Hathaway Annual Meeting 2021 Live Updates: Preview Here's how Warren Buffett's top investments fared during the pandemic How Warren Buffett's airline stocks have performed since Berkshire Hathaway sold them Warren Buffett (could) provide a visible clue on his succession strategy at annual meeting Warren Buffett's 2010 advice on cash reserves is more relevant than ever Why Berkshire Hathaway's health care project Haven failed Warren Buffett's investing success depends on these two traits: Portfolio manager Here's what Buffett should have done with Berkshire's airline stocks: Bill Smead What makes Buffett-led Berkshire Hathaway 'very distinctive in corporate America': Management expert Why Warren Buffett invested in Coca-Cola and its lesson Warren Buffett's 25 best quotes about business, investing, and life 21 brilliant quotes from legendary investor and polymath Charlie Munger And that's not all: CNBC.com: Berkshire's annual meeting is Saturday with Buffett and Munger together again, shares at a record Reuters: Berkshire annual meeting to showcase Munger as he rejoins Buffett Bloomberg: Warren Buffett Poised to Weigh In on How Berkshire Fares Post-Pandemic Investor's Business Daily: We're About To Find Out What Warren Buffett Did With His New Favorite Stock CNN: Live from LA, it's Buffettpalooza. What to expect from Berkshire Hathaway's annual meeting Kiplinger: Berkshire's Annual Meeting: What to Expect From Buffett & Co. A reminder that CNBC's Becky Quick will be asking the questions during the 3 1/2 hour Q&A, with many coming from among those submitted by email to BerkshireQuestions@cnbc.com. BUFFETT AROUND THE INTERNET Some links may require a subscription CNBC.com Make It: Stanford researcher: This Warren Buffett story reveals the No. 1 trait hiring managers need to look for Entrepreneur: When It Comes to Investing, Do You Think Like Warren Buffett or Elon Musk? Wall Street Journal: Buffett Stands Alone, but Companies Should Open Door to Older CEOs Reuters: Buffett-backed EV maker BYD's profit more than doubles Reuters: BNSF says it can handle more crude-by-rail shipments if Dakota pipeline is shut Kaiser Health News: In Poisoned Montana Town, Warren Buffett-Owned Railroad Accuses Clinic of Medicare Fraud HIGHLIGHTS FROM THE ARCHIVE Flashback from our Buffett Archive: Highlights from the 2020 Berkshire meeting, including why he sold all of his company's airline stocks and why you should still "bet on America" despite the COVID-19 crisis, although "you should be careful how you bet." BERKSHIRE STOCK WATCH         BERKSHIRE'S TOP U.S. STOCK HOLDINGS - April 30, 2021     Berkshire's top holdings of disclosed publicly-traded U.S. stocks by market value, based on today's closing prices.   Holdings are as of December 31, 2020 as reported in Berkshire Hathaway's 13F filing on February 16, 2021, except for Apple, Bank of America, and U.S. Bancorp, which also include shares held as of December 31, 2020 as disclosed in New England Asset Management's 13F filing on February 16, 2021.   In addition to U.S. stocks, shares held as of December 31, 2020 of China's BYD, as listed in Buffett's 2020 letter to shareholders, are included. The price of those shares in U.S. trading is used to approximate the current market value of the position. The value of the stake as a percentage of the company's market value is fixed at what was listed as of December 31, 2020 in the letter.   The full list of holdings and current market values is available from CNBC.com's Berkshire Hathaway Portfolio Tracker.   QUESTIONS OR COMMENTS Please send any questions or comments about the newsletter to me at alex.crippen@nbcuni.com. (Sorry, but we don't forward questions or comments to Buffett himself.)   If you aren't already subscribed to this newsletter, you can sign up here.     -- Alex Crippen, Editor, Warren Buffett Watch   Unsubscribe Manage Newsletters Terms of Service   Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS

Shark Tank’s Kevin O’Leary Says ‘Bitcoin Will Always Be the Gold,’ Citing Interest From ‘All Kinds of Institutions’

Shark Tank star Kevin O’Leary, also known as Mr. Wonderful, says “Bitcoin will always be the gold,” outperforming other cryptocurrencies, such as ethereum, in the long run. He said “there are interests being brought out of all kinds of institutions” for bitcoin.

Kevin O’Leary Bullish on Bitcoin

Kevin O’Leary shared his thoughts about bitcoin and ether in an interview with CNBC Wednesday. While acknowledging that ether has been performing well lately, O’Leary insisted:

Bitcoin will always be the gold.

The chairman of O’Shares ETFs added that “Ethereum will always be the silver,” but emphasized, “that’s not a bad thing necessarily.” He did not mention other cryptocurrencies by name.

While noting that there is potential upside for Ethereum as it shifts to a new model, the Shark Tank star believes that Ethereum is primarily “going to be used as a form of tracking and payment system.” O’Leary pointed out, however, that Ethereum 2.0 has the potential to be “far more green in terms of how much energy it takes to create it.” Nonetheless, he insisted that it will never overtake bitcoin. “Will it ever take bitcoin? No,” he affirmed.

O’Leary revealed in February that he had allocated 3% of his portfolio to bitcoin after Canadian regulators approved bitcoin exchange-traded funds (ETFs). He explained that bitcoin proponents view the cryptocurrency as digital gold and a hedge against inflation that will appreciate over time.

Mr. Wonderful elaborated:

Now, bitcoin hitting new highs almost every week is proving that there are interests being brought out of all kinds of institutions now trying to figure out: Is it a currency? Is it an asset? Is a property? … That gives you an idea of the institutional and individual interest.

Early this month, O’Leary said that he is only interested in buying “clean” bitcoins that are mined sustainably in countries that use clean energy, not “blood coins” from China.

Do you agree with Kevin O’Leary? Let us know in the comments section below.

source https://news.bitcoin.com/kevin-oleary-bitcoin-the-gold-interest-all-kinds-of-institutions/