• pipe giant launches DeFi
    Alt coins,  Opinion,  Technology

    Pipe manufacturing giant launches a DeFi protocol: sign of a bubble or mainstream interest?

    The new protocol aims to provide “a new level of transparency and legitimacy” to the DeFi space thanks to the backing of a major steel pipe producer

    In some ways it sounds like a reverse version of New York-based beverage company Long Island Iced Tea’s December 2017 decision to rename itself Long Blockchain Corp when it began considering entering the blockchain business—a move that saw its stock jump 200%. Wenzhou, China-based xSigma, on the other hand, is sure is putting a lot of emphasis on the backing of its NASDAQ-listed pipe-making parent firm as proof of legitimacy.