MakerDAO votes against compensating vault owners following the Black Thursday crash in March of this year. Over 65% of the votes cast opted for zero compensation. A vote completed on Sept. 22 after two weeks of community participation, MakerDAO protocol, a decentralized lending platform, decided not to compensate vault owners who lost up to $8.83 […]
Category: STO News
Gemini Crypto Exchange Opens Up GBP for Buying, Selling, and Trading for UK Customers
Cryptocurrency exchange Gemini is now expanding into the UK. The launch follows obtaining an electronic-money institutions (EMI) license from the Financial Conduct Authority (FCA) after the agency declared that all crypto exchanges operating in the country are required to register with it as per its Fifth Money Laundering Directive (5MLD) by Jan. 10, 2021. Now […]
Stocks & Gold Getting Hammered But Bitcoin Fundamentals Do Not Support A BTC Crash to $7k
In another red day of the week, Bitcoin dropped to about $10,150 level. Just like the weak price performance, with BTC currently trading around $10,415, volume remains extremely low too, at just above a billion dollars. During the red market, the market saw popular stablecoin USDT having two separate all-time high outflows from exchanges. “In […]
Visa to help banks integrate CBDC payments
A recent report from the US-based multinational financial services corporation has shown that it is making progress on its crypto payment technology Cuy Sheffield, head of crypto at Visa, reported that the company would soon integrate blockchain into its operations. Although he didn’t give more details on when the project would be implemented, he pointed […]
Indian Crypto Exchange, Pluto, Pulls An Exit Scam on Investors; Making Off With $270K
A Delhi-based crypto exchange, Pluto, has allegedly exit scammed and stolen about $270,000 worth from 43 investors. The local reports suggested that the Economic Offence Wing of the Delhi Police has launched an investigation into the alleged scam after complaints from the investors. The investors revealed that the founder of the exchange, Bharat Verma, lured […]
China Blacklists Crypto OTC Trading Desks With A Five-Year Banking Ban As Punishment For Illegal Acts
PBoC blacklists crypto OTC traders in its latest efforts to crack down on money laundering. This has caused several OTC trading desks to shut down as the future turns bleak. The central bank set a three to five-year banking ban in the country as punishment. Bitcoin over-the-counter (OTC) traders could be facing up to a […]
Cryptocurrency Community Makes a Shift; Betting Big on Non-Fungible Tokens (NFTs)
DeFi continues to rage, approaching a $10 billion peak. But the latest talk of the town is NFT. In 2017, it was CryptoKitties; this time, it is digital art. Non-fungible tokens are a special type of token on the Ethereum network that are using ERC-71 and ERC-155 standards to create verifiable digital scarcity. DeFi to […]
Crypto Surges Ahead of Gold as 2020’s Best-Performing Asset to Date
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Both gold and Bitcoin (BTC) have a history of being used as a currency. However, due to their limited supply, it seems they both thrive as a store of value (SoV). While a fiat […]
RockX to Provide $500K Funding to Projects Building on Polkadot; $20 Million in Total
RockX, a digital asset development company, has announced a $20 million investment program for the Polkadot ecosystem over the next five years. The $20 million investment boost will be capped at $500,000 worth of native DOT token per project. In return, the RockX company would receive equity in the project or tokens worth the same […]
‘Bullish Divergence’ for SNX; Nearly 80% of Synthetix’s Native Token is Locked as Collateral
Synthetix currently has about $600 million worth of crypto deposit locked, which is in decline since hitting the record $1 billion on Sept. 2nd, as per DeFi Pulse. One of the top DeFi protocols, Synthetix, is a synthetic asset issuance and trading protocol that tracks real-world assets like crypto, fiat, and stocks and uses Chainlink’s […]
