Square’s $297M stake in Tidal could unlock DLT features, analyst says
Square’s majority stake in Jay-Z’s streaming service Tidal will potentially help artists grow their fan bases using blockchain technology, a Gartner analyst said. Square’s majority stake in Jay-Z’s streaming service Tidal could potentially result in some blockchain-related functionalities on the platform, according to one analyst.Avivah Litan, a technology analyst at consulting company Gartner, suggested that Square’s $297 million investment could push Tidal to start taking advantage of new technologies like blockchain and cryptocurrencies, Reuters reports Friday.With Square’s help, Tidal....
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PRESS RELEASE. Tidal Finance, a high-yield insurance platform, offers the ability to hedge against the failure of a DeFi protocol or asset. While reinventing the way decentralized insurance works, Tidal Finance plans to attract participation from the community through a Balancer liquidity bootstrapping pool on 25th March. The Tidal IDO on Polkastarter was oversubscribed by 500 times garnering massive support from the community. Backed by KR1, Hypersphere Ventures, Spartan Capital, Kenetic Capital, QCP Capital and AU21 Capital, Tidal Finance integrates its decentralized smart cover....
Kanye West Has announced that he will be pursuing legal action against the popular torrent site, The Pirate Bay. His announcement follows his newest album, Life of Pablo, attaining the status of most torrented album on the site, likely powered by the exclusive deal with subscription based music streaming service Tidal. Kanye’s Streaming DRM Backfires. Kanye West, a rapper and producer who claims he is millions of dollars in debt, has demonstrated that he does not understand digital distribution. His newest album, Life of Pablo, was ripped and uploaded to torrent sites within a day of....
More than $750 billion has been added to the total crypto market cap since the start of 2020, but according to Barry Silbert, founder of Grayscale Investments, says a lot more is on the way. According to the CEO of Digital Currency Group, a “tidal wave of capital is about to flow into crypto.” Here are the factors that could cause another surge of record-breaking inflows into Bitcoin and altcoins. The Recent And Rapid Rise […]
Cash App generated over $1 billion in bitcoin revenues for Square in Q3. Google search data shows little bitcoin "FOMO" amid the current market bull run.
Analysts at the largest bank in Canada noted that after PayPal and Square’s crypto offerings, the market for tech firms creating crypto wallets has already been validated.