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Steve Smith, Legendary Radio Programmer Who Helped Launch the Hip-Hop Format, Dies at 62
The radio world is mourning the loss of revered programmer and consultant Steve Smith, who died suddenly last Thursday (July 7). He was 62. Tim Richards, Smith’s partner in Smith Richards Collective who first met Smith in 1992 at the MTV Awards in Los Angeles during a Westwood One broadcast, wrote on his Facebook page, “Steve was (that’s so hard to type) an incredible man. He was a radio innovator and one of the kindest and most creative programmers I’ve ever learned from.” Smith’s family confirmed his death in a statement to radio trade All Access, writing, “Steve unexpectedly passed away peacefully at home, in his sleep on July 7…Steve’s highly successful career spanned 40 years and has broken countless records, won countless awards, and has irrevocably changed the landscape of American ...
Steve Smith, Legendary Radio Programmer Who Helped Launch the Hip-Hop Format, Dies at 62
The radio world is mourning the loss of revered programmer and consultant Steve Smith, who died suddenly last Thursday (July 7). He was 62. Tim Richards, Smith’s partner in Smith Richards Collective who first met Smith in 1992 at the MTV Awards in Los Angeles during a Westwood One broadcast, wrote on his Facebook page, “Steve was (that’s so hard to type) an incredible man. He was a radio innovator and one of the kindest and most creative programmers I’ve ever learned from.” Smith’s family confirmed his death in a statement to radio trade All Access, writing, “Steve unexpectedly passed away peacefully at home, in his sleep on July 7…Steve’s highly successful career spanned 40 years and has broken countless records, won countless awards, and has irrevocably changed the landscape of American ...
Dutch bank ING sells digital asset tool Pyctor to GMEX
ING Group, a Dutch multinational banking and financial services corporation, has spun out its digital asset business Pyctor to multi-asset trading infrastructure firm GMEX. GMEX has acquired ING’s institutional-grade digital asset custody solution Pyctor in a multi-million dollar deal, the companies said in a joint announcement on Monday. The Pyctor offering compliments GMEX’s MultiHub service, an institutional cross-platform business launched last year with the mission to bridge the gap between centralized finance (CeFi) and decentralized finance (DeFi), GMEX CEO Hirander Misra told Cointelegraph. Pyctor expands MultiHub with a number of digital asset-focused capabilities, including smart contract features, post-trade custodial and institutional network capabilities like the fragmentation...
Binance ban off the cards, says Philippine trade and industry department
A proposal to ban global cryptocurrency exchange Binance from operating in the Philippines will not gather steam due to a lack of regulations towards cryptocurrencies in the country. The Philippines’ Department of Trade and Industry (DTI) has cited no clear guidelines set out by the country’s central bank, Banko Sentral ng Pilipinas (BSP), as a dead-stop after a lobbying group called for the prohibition of Binance in early July. Local think tank Infrawatch PH had asked the DTI to investigate Binance for the promotion of its services and offerings, which the group believes was done without the necessary permits. Binance had looked to acquiesce the parties involved, telling Cointelegraph that it intends to secure virtual asset service provider and e-money issuer licenses in the Philippines. ...
Binance ban off the cards, says Philippine trade and industry department
A proposal to ban global cryptocurrency exchange Binance from operating in the Philippines will not gather steam due to a lack of regulations towards cryptocurrencies in the country. The Philippines’ Department of Trade and Industry (DTI) has cited no clear guidelines set out by the country’s central bank, Banko Sentral ng Pilipinas (BSP), as a dead-stop after a lobbying group called for the prohibition of Binance in early July. Local think tank Infrawatch PH had asked the DTI to investigate Binance for the promotion of its services and offerings, which the group believes was done without the necessary permits. Binance had looked to acquiesce the parties involved, telling Cointelegraph that it intends to secure virtual asset service provider and e-money issuer licenses in the Philippines. ...
PoS gives Ethereum the economic structure to overtake Bitcoin, says DeFi researcher
As Ethereum shifts into proof-of-stake (PoS), a decentralized finance (DeFi) researcher has argued that the platform can overtake Bitcoin’s (BTC) throne as the top dog in crypto. In a Twitter thread, researcher Vivek Raman highlighted that the upcoming Ethereum Merge could create a better economic structure for the smart contract platform. According to Raman, the shift into PoS lowers Ether (ETH) inflation, gives better security and positions the crypto as a digital bond. Raman said that after the Merge, ETH inflation will drop from 4.3% to 0.22%. The researcher explained that this gives the ecosystem a 95% reduction in issuance, limiting the number of ETH that can be sold in a day. Additionally, the researcher also explained that the platform would be running o...
PoS gives Ethereum the economic structure to overtake Bitcoin, says DeFi researcher
As Ethereum shifts into proof-of-stake (PoS), a decentralized finance (DeFi) researcher has argued that the platform can overtake Bitcoin’s (BTC) throne as the top dog in crypto. In a Twitter thread, researcher Vivek Raman highlighted that the upcoming Ethereum Merge could create a better economic structure for the smart contract platform. According to Raman, the shift into PoS lowers Ether (ETH) inflation, gives better security and positions the crypto as a digital bond. Raman said that after the Merge, ETH inflation will drop from 4.3% to 0.22%. The researcher explained that this gives the ecosystem a 95% reduction in issuance, limiting the number of ETH that can be sold in a day. Additionally, the researcher also explained that the platform would be running o...
Tether fortifies its reserves: Will it silence critics, mollify investors?
There is an old Arabic proverb: “The dogs bark, but the caravan moves on.” It could summarize the journey to date of Tether (USDT), the world’s largest stablecoin. Tether has been embroiled in legal and financial wrangling through much of its short history. There have been lawsuits over alleged market manipulation, charges by the New York State attorney general that Tether lied about its reserves — costing the firm $18.5 million in fines in 2021 — and this year, questions voiced by United States Treasury Secretary Janet Yellen as to whether USDT could maintain its peg to the U.S. dollar. More recently, investment short sellers “have been ramping up their bets against Tether,” the Wall Street Journal reported on June 27. But, Tether has weathered all those storms and seems to keep mov...
Tether fortifies its reserves: Will it silence critics, mollify investors?
There is an old Arabic proverb: “The dogs bark, but the caravan moves on.” It could summarize the journey to date of Tether (USDT), the world’s largest stablecoin. Tether has been embroiled in legal and financial wrangling through much of its short history. There have been lawsuits over alleged market manipulation, charges by the New York State attorney general that Tether lied about its reserves — costing the firm $18.5 million in fines in 2021 — and this year, questions voiced by United States Treasury Secretary Janet Yellen as to whether USDT could maintain its peg to the U.S. dollar. More recently, investment short sellers “have been ramping up their bets against Tether,” the Wall Street Journal reported on June 27. But, Tether has weathered all those storms and seems to keep mov...
Meek Mill Parts Ways With Roc Nation Management
Meek Mill has parted ways with Roc Nation Management, sources tell Billboard. Mill, who first signed with Roc in 2012 under a management deal, is no longer featured on the company’s website and has been removed from their social media pages. In 2019, Meek scored a joint venture deal with Roc for his imprint Dreamchasers, where he became president. Following his incarceration in 2018, Meek also teamed up with Jay-Z the following year and created Reform Alliance — a non-profit organization set to eliminate unjust sentencing laws in the United States. Earlier this year, Meek expressed frustrations with his label Atlantic Records after scoring a No. 3 debut on the Billboard 200 with his latest album, Expensive Pain. “They didn’t put nothing into expensive pain and then said I can’t ...
US crypto regulation bill aims to bring greater clarity to DAOs
On June 7, United States Senators Cynthia Lummis and Kirsten Gillibrand launched the much anticipated Responsible Financial Innovation Act, proposing a comprehensive set of regulations that address some of the biggest questions facing the digital assets sector. By providing holistic guidance to the rapidly growing industry, the bill offers a bipartisan response to President Biden’s call for a whole-of-government approach to regulating crypto. Among its many proposals, the bill establishes basic definitions, provides an exemption for digital currency transactions and harmonizes the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), delineating regulatory swim lanes and granting a significant jurisdictional expansion to the CFTC. The bi...
Affyn’s “Generation Zero” NFT Collection sells out in 100 seconds
Affyn, a Singapore-based company using blockchain-powered technology to develop mobile games with integrated geolocation and augmented reality capability, has sold out its “Generation Zero” NFT Collection within 100 seconds. The collection which featured a set of 400 “Generation Zero Buddies” (Gen 0) NFTs has been completely sold out in a record time. The NFTs are duped “Buddies” and are the first set to enter Affyn’s NEXUS World Metaverse. Affyn’s “Generation Zero” NFTs utility Contrary to existing NFTs that have very limited utility, Affyn’s “Generation Zero” NFTs will be interoperable across different blockchain games and metaverses. The first set of the “Buddies” NFTs sold for 2,995 FYN tokens per piece and featured scarce design and a rarity categorized as “Mythical.” Affyn’s NFTs gai...
