Decentralized exchange (DEX) aggregator Slingshot has launched on Ethereum’s layer two protocol Polygon network, per an official tweet. Slingshot Chooses Polygon Over Ethereum According to the rebranded DEX platform (formally DEX.AG), the upgrade will enable users to execute faster trades, pay fewer transaction fees, and get the best prices on Polygon. This is following a […]
Category: STO News
75.85% of Tether is Backed by Cash & Cash Equivalents Reveals USDT Quarterly Report
Dominant stablecoin USDT issuer Tether Holdings Limited has released its quarterly report providing the breakdown of its reserves backing the issued Tether tokens. As part of the settlement deal with NYAG, Tether will be releasing these breakdowns on a quarterly basis for the next two years. Tether which currently has a market cap of nearly […]
Ethereum Co-founder Proposes Uniswap’s UNI to be Used as an Oracle Token
Vitalik Buterin, the co-founder of Ethereum, posted a new proposal on the Uniswap forum. He recommends the popular DEX and its native UNI token step in to provide a highly secure oracle modeled after the Augur or UMA design. Such an oracle will be “specialized to providing price data that’s robust and extremely costly to […]
Another $25 Million Gone, This Time xToken Was Exploited
“Minting on all contracts has been paused as we investigate reports,” tweeted xToken protocol on Wednesday before announcing that they have been exploited, nearly $25 million stolen. The Peckshield audited decentralized passive investing protocol had its liquidity pools drained. Following this incident, the total volume locked (TVL) in the protocol has fallen to about $60.6 […]
Crypto Fund, Alphabit, Invests $5m in DeFi Solution for Visa Card Payments
In recent years, there has been a rushed approach to get card programmes out as quick as possible.
Polkadot-powered Relite Finance Gears up for Launch on Uniswap
Cross-chain lending protocol Relite Finance is set to launch on Uniswap later this month. Relite closed a $1MM raise at the beginning of April for its Polkadot-powered lending platform that is set to launch on PAID’s ignition. Master Ventures spearheaded the private sale round. Parties included Genblock Capital, Rarestone Capital, Squares Capital, Sky Ventures, Spark […]
Facebook’s Diem to Launch US Dollar-Backed Stablecoin
Diem has withdrawn an application for a FINMA license as it seeks to focus its stablecoin issuance solely to US participants. Diem, a digital currency project formerly known as Libra and run by Facebook, has announced plans to launch a US dollar-backed stablecoin. The move comes after Diem withdrew its application for regulatory approval as […]
eBay Adds NFTs
eBay announced Tuesday that users can now sell NFTs in its marketplace. In the beginning, the option to list NFTs will be available to ‘trusted sellers’ in categories like entertainment, art, and trading cards. “Any form of collecting is about the convergence of passion, interest, and opportunity. We’ve seen this play out in the physical […]
Investing In Reserve Rights (RSR) – Everything You Need to Know
What is Reserve Rights (RSR)? Reserve Rights (RSR) token serves multiple purposes within the Reserve Protocol. The token’s primary purpose is to provide a mechanism to maintain the dollar-pegged value of the network’s stablecoin, RSV. Uniquely, the Reserve Protocol is designed to scale supply based on demand. In this way, the protocol maintains 100% or […]
BnkToTheFuture Joins Binance Broker Program
Today BnkToTheFuture the world’s first securities business focused on syndicating private shares in the largest companies in Bitcoin and Crypto since 2010, has joined the Binance Broker Program to offer more flexibility to its investors in how they invest and trade through a deep platform integration. This integration also allows investors to add Bitcoin, Ether […]
