Original decentralized finance (DeFi) protocol, MakerDAO has released the financial report for April 2021. Yet again, the protocol recorded growing income for the month. Maker DAO broke past the $12 million this time, up 44% from the previous month’s $8.7 million. These insane numbers show that the stablecoin minter has come a long way over […]
Category: STO News
Investing in Balancer (BAL) – Everything You Need to Know
What is Balancer (BAL)? Balancer is an Ethereum-based automatic market maker protocol, and it is built on Uniswap’s features. With over $2.51 billion in locked-in value, Balancer is the tenth-largest player in the DeFi space. It Incorporates automatic market maker technology in liquidity pools, which consist of several pools of unequal weightage. It all began in 2018 […]
CGS-CIMB & iSTOX Roll Out Digital Securities Issuance in S$150-Million Commercial Paper Programme
Leading financial services provider CGS-CIMB and private capital platform iSTOX announced today the issuance of a short-term debt instrument in the form of digital securities. The S$150-million (In Singapore dollars or US$112-million) multi-tranche commercial paper will be used to fund operating expenses and near-term obligations of CGS-CIMB. The first tranche of S$10 million was over-subscribed […]
Another Binance Smart Chain (BSC)-based DeFi Protocol Gets Exploited for Over $30 Million
Over the weekend, yet another BSC-based DeFi protocol got exploited. On Saturday, Spartan Protocol, a project that incentivizes deep liquidity pools for leveraged synthetic token generation, reported an attack that resulted in a loss of more than $30 million. Its native token SPARTA took over a 40% drop as a result of the exploit but […]
SaltSwap Finance Tokens Surged 1000%+ on Sunday, Dropped 60% on Monday
The raise in SaltSwap Finance token price appears to have correlated with the announcement of two partnerships.
Uzbekistan is Legalizing Cryptocurrency Trading
Uzbekistan is reconsidering its stance on crypto trading by further license the activity. The National Agency for Project Management under the President of the Republic of Uzbekistan (NAPM) has released an order that calls for amendment and an addition to the regulation on the procedure for licensing the activities of crypto-exchanges. The notice reads, “Residents […]
Venture Capital Giant Is Planning to Raise $1 Billion to Invest In Cryptocurrencies and Startups
Andreessen Horowitz, a venture capital giant, is looking to raise as much as $1 billion in cryptocurrencies and crypto startups. This new fund aims to raise between $800 million and $1 billion from investors, reported the Financial Times, citing people familiar with the matter. With this latest move, one of Silicon Valley’s highest-profile venture capital […]
Revolut to Enable its Users to Withdraw Bitcoin to External Wallets Next Week
UK-based Revolut is all set to allow its users to withdraw Bitcoin (BTC) from the platform to an external wallet. This was released in an announcement through a blog post which has now been deleted due to a reportedly scheduling error. The announcement was set for next week on Thursday. In its deleted post, Revolut […]
SPACs Have Raised More This Year Than All of 2020 – a Bubble Set to Burst?
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. SPACs – Special-Purpose Acquisition Companies – are becoming an increasingly common vehicle when it comes to raising capital. Since 2019, raised funds via SPACs have increased five-fold. Many individuals suggest the SPAC scene is […]
Investing in Decentraland (MANA) – Everything You Need to Know
What is Decentraland? Founded in 2015, Decentraland founders are Ari Meilich and Esteban Ordano. Decentraland operates from San Mateo, California. In its initial days, the Decentraland platform was divided into pixelated grids. The allocation of these grids was done through the Proof of Work algorithm. Decentraland is a virtual world built on the Ethereum blockchain. […]
