Steak ‘n Shake creates strategic Bitcoin reserve

Key Takeaways Steak ‘n Shake, a US-based fast-food chain, has established a strategic Bitcoin reserve as part of its treasury strategy. The chain is integrating Bitcoin into its operations, including cryptocurrency payment options and themed menu items. Share this article Steak ‘n Shake, a US-based fast-food chain, has established a strategic Bitcoin reserve, the company…

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SOL makes lower high while Digitap smashes presale records

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana shows mixed signals as TVL tops $11b, while fintech newcomer Digitap surges past $1m in presale. Summary Digitap’s presale surges past $1m as its token doubles; investors eye its crypto-powered banking platform. Digitap…

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MEXC Sees Massive Exchange Withdrawals After User Funds Freeze Incident – Details

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Cryptocurrency exchange MEXC saw increased activity on its platform on Friday, October 31st, with several users seemingly moving their assets away. These massive withdrawals coincided with the exchange’s chief strategy officer’s public apology for mishandling a situation with a user with the…

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Tokenized Bank Deposits Are Inferior to Stablecoins: Professor

Banks and financial institutions have started experimenting with tokenized bank deposits, bank balances recorded on a blockchain, but the technology is doomed to lose out to stablecoins, according to Omid Malekan, an adjunct professor at Columbia Business School. Overcollateralized stablecoin issuers, who must maintain 1:1 cash or short-term cash equivalent reserves to back their tokens,…

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MEV Killing Institutional DeFi Adoption, Hurting Retail Users: Crypto Exec

Maximal extractable value (MEV), the process of miners or validators reordering transactions in a block to extract profits, is preventing financial institutions from adopting decentralized finance (DeFi), which hurts retail users, according to Aditya Palepu, CEO of DEX Labs, the lead contributor to decentralized crypto derivatives exchange DerivaDEX. All electronically-traded markets suffer from maximal extractable…

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