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Cosmos’ Founding Team Broke Up Early This Year. The Project Didn’t

The rags-to-riches legend of Cosmos from 2017 (turning a $17 million token sale into roughly $104 million by 2019) almost came to an end in February 2020 when the interoperability project’s co-founders engaged in a scathing feud.   Jae Kwon accused Zaki Manian of blasphemy, arguing over whether this software was “godly” and demanding that Manian...

Bitcoin Suddenly Drops by $500 After Passing $12K [Updated]

Update (12:12 UTC): Bitcoin fell by nearly $500 to $11,546 in the 10 minutes to 10:30 UTC, after failing to absorb selling pressure above the $12,000 mark during the early European trading hours. It’s the second rejection above $12,000 in eight days, and comes as the U.S. dollar shows signs of bottoming out. Bitcoin is...

Blockchain-Based Trademark App Can Boost Australian Economy, Says Minister

A member of the Australian cabinet has said a new government-backed initiative, which uses blockchain, can help grow the national economy and create new jobs. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an...

First Mover: Bitcoin Hits $12K as Trump Orders Checks for Unemployed (Voters)

Bitcoin climbed above $12,000 early Monday, before dipping once more, as traders weighed U.S. President Donald Trump’s move to provide emergency aid amid new signs that the labor market recovery is stalling.  The oldest and largest cryptocurrency is up 63% on the year. You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team,...

School closures come at a cost

COMMENT Sixty percent of adults do not want schools to reopen during the peak of Covid-19, a survey conducted by the University of Johannesburg and the Human Sciences Research Council found. Likewise, teachers’ unions have called for school closures to alleviate anxiety experienced by parents, pupils and teachers. However, scientists who are members of the...

Cambridge Food Jozini: Pandemic or not, the price-gouging continues

A northern KwaZulu-Natal retailer that hiked its maize meal price without a corresponding increase in costs early on in the Covid-19 pandemic is the latest business to be nailed by the Competition Commission for price gouging. Cambridge Food Jozini, a division of Cambridge Food and a Massmart subsidiary, was fined for hiking the price of...
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