Cryptocurrency derivatives exchange FTX will now allow its users to trade not just crypto but tokenized shares of big giants and some of the world’s most popular companies like Amazon, Apple, Netflix, Facebook, and Tesla. These tokenized equity offerings are backed by the shares of actual stocks, custodied by CM-Equity, and can be redeemed for […]
Category: STO News
Canada-Based Voyager Digital Announces Nearly 2000% Growth In Customers’ Assets Growth In 2020
Quick Read: – Voyager released its latest financial report for the year with impressive figures – Recording Increases in customer asset growth, brokerage accounts, and revenue In a press release, Canadian publicly listed cryptocurrency broker, Voyager announced an impressive 1,159 % surge in revenue, registering approx. $1.1 million over the fiscal year ending June 2020. […]
Ethereum Holders Not Staking ETH Altogether Is “Not Unreasonable” – ConsenSys DeFi Report
Ethereum 2.0 is likely to launch its genesis block in Q4 2020, says Ethereum developer ConsenSys in its latest DeFi report. With the launch of the first phase, Phase 0 – Beacon Chain, the long-anticipated staking will come to ETH. The Proof of Stake consensus mechanism will allow the holders to earn rewards through staking […]
Andre Cronje’s Latest Project Keep3r Network (KP3R) Getting Hot While YFI Continues to Nuke
While YFI is getting nuked, the latest token KP3R of Andre Cronje’s latest product Keep Keep3r Network launched yesterday in beta rallied to $381 today. Keep3rV1 (KP3R) is currently trading at $290, as per CoinGecko. Already, the token has reached a market cap of over $60 million and became the “most traded pair across DEXes […]
After Kraken, Avanti Granted the License to Become a Crypto Bank by Wyoming State Regulator
The first one was Kraken, and now another crypto bank is here. The Wyoming State Banking Board granted Avanti Bank & Trust a bank charter with 8-0 votes that give it the same powers as national banks. With this, Avanti can now provide custody service for digital assets as a qualified custodian and deposit customer funds that […]
Risk Aversion in Effect: Losses Recorded Across Bitcoin, DeFi, Stock, & Gold Market
Bitcoin’s red hot rally came to stop on Wednesday when the price of the digital asset dropped just under $13,000. Today, the top digital currency is rebounding, currently at $13,450. The sell-off, however, wasn’t confined to the crypto market alone and was seen in other markets as well. As a matter of fact, stock markets […]
BProtocol Uses $7 Million Flash Loan to Push Through Governance Vote On The Maker Platform
A first in the DeFi ecosystem, a protocol uses a flash loan to vote and influence its own governance decisions. BProtocol Foundation, a platform concentrated on developing Bancor Network, raised a governance proposal vote on the Maker platform using a quick $7 million flash loan to pass its proposal. Maker warned users of the possibility […]
Aave Takes an ‘Important’ Step Towards Decentralization with the Handover of Governance Keys
In what marks a historic moment, decentralized finance (DeFi) project Aave has officially handed over the protocol admin keys to the governance, which it calls “an important step towards decentralisation.” Initially launched on Ethereum, LEND token holders were the ones with the governance. Now, about a month away, LEND holders voted for the first Aave […]
Keep3r Network’s native token posts 2,000% upswing
KP3R, the native offering of Andre Cronje’s latest project, recorded a massive surge just hours after its launch Andre Cronje is well known in the decentralised finance sector for having founded Yearn Finance. The surge is indeed positive news for Cronje, whose last project Eminence suffered an attack, losing about $7 million in the process. […]
Polkadot (DOT) turning bearish and could see price sink to $3.75
DOT/USD traded as high as $4.80 before increased bearish pressure pushed prices to lows of $4.25 Polkadot price has dropped below a key support area and looks increasingly weak on lower time frames. The weakening bullish outlook comes amid widespread sell-offs in the crypto market, which could see the sharded protocol’s token trade lower in […]
