This Monday, Avalanche-based lending protocol VEE Finance suffered an attack resulting in the loss of 8804.7 ETH and 213.93 BTC (worth about $27 million and $9.2 million at the rate of $3k ETH and $43k BTC, respectively), a total of more than $36 million. Stablecoins on the platform are not affected by the attack, said […]
Category: STO News
Vee Finance is exploited and sees $35 million lost
The attack on the protocol comes barely a week since its mainnet launch on the Avalanche (AVAX) network Vee Finance, a decentralised finance (DeFi) protocol on Avalanche (AVAX), has suffered an exploit in which $35 million was reportedly lost. The platform first reported the attack via Twitter, announcing a pause to some functions as it […]
China’s Evergrande Collapse Could Reveal Systemic Economic Fraud
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. On the verge of bankruptcy, the Chinese construction and developer giant faces an uphill struggle to regain the trust of its investors and customers. Evergrande’s Troubles When we first covered Evergrande’s troubles at the […]
Coinbase backs down on crypto lending program amid SEC row
The cryptocurrency exchange revealed it had ditched the lending product citing regulation issues Publicly-traded crypto exchange Coinbase has seemingly yielded to pressure following an announcement that it would not be launching its high-yield lending product. The Coinbase team didn’t share the news on Twitter or address the matter in a dedicated blog post. Instead, the […]
Crypto Market is Bleeding: Why is it Happening and What Coins to Invest into?
The volatility of the crypto industry has caused yet another price drop as we venture deeper into the second half of September 2021. As of September 20th, prices of most cryptocurrencies are getting deeper into the red following the weekend, with Bitcoin price currently sitting at $45,570 after a 5.10% slip. The situation is even […]
Shanghai Using Permissionless Blockchain to Pilot the Use of RMB for Cross-border Payments
Conflux’s permissionless blockchain will be used to test the digital RMB for cross-border payments in Shanghai’s Lingang Pilot Free Trade Zone. In July, China’s central bank has approved the Lingang Pilot Free Trade Zone to test the free capital inflows and outflows. In January, the Shanghai government invested $5 million in the network. “Conflux public […]
Where to buy Interfinex: IFEX poised for a bullish breakout
The Interfinex token has seen huge gains in the past 24 hours and is currently trading at $0.000079 at the time of writing The Interfinex token has seen a parabolic rise that resulted in the coin gaining by 104% in the past 24 hours. The token could possibly 5X or 10X from the current price […]
Where to buy Celo: Mobile-first crypto CELO records 14% rise
The Celo token (CELO) is currently trading at $5.95 at the time of writing with 14% gains in the past 24 hours The Celo token has stabilised near the $5 region after trading sideways for the past week. The token saw a steady price increase in the past 24 hours that saw CELO attempting to […]
Where to buy Blizzard Network: BLIZZ shatters resistance to reach the $3.62 level
The Blizzard Network token has seen a rise of 247% in a day and is currently trading at $3.62 at the time of writing The Blizzard Network token has seen a steady rise that started at the $0.9 level last week and saw prices reaching the $2.66 level on 19 September 2021. The coin has […]
ADAX records an exponential rise of 45%: where to buy ADAX
The ADAX token has seen a clear breakout after an extended period of consolidation and has registered gains of 45% in the past 24 hours The ADAX token is currently trading at $1.77 at the time of writing. The coin could 2X or 4X from the current levels if the current bull rally continues in […]
