Two token projects, namely Nugs.space (NUGS) and Nexeum Protocol (NEXE), which were recently listed on popular DEX platform Uniswap, seem to have exit scammed soon after their listings. After the news broke out about a possible exit scam, NUGS token project in their official Telegram group, claimed that their smart contract system encountered a bug […]
Category: STO News
DEX Aggregator 1inch Secures $2.8M Funding While its AMM Mooniswap Locks $5.5M
DEX aggregator 1inch has secured $2.8 million in an external seed funding round led by Binance Labs. Other investors included Galaxy Digital, FTX, Dragonfly Capital, Greenfield One, Libertus Capital, IOSG, Divergence Ventures, and LAUNCHub Ventures along with Kyber Network founder Loi Luu and NEAR protocol founder Illia Polosukhin. Binance CEO Changpeng Zhao (CZ) said, “DEX […]
Charles Schwab-backed Ethereum App Alchemy Opens for Public
Blockchain startup Alchemy is opening its services to any developer or company that wants to build smart contract-based projects. Founded in 2017 by Nikil Viswanathan and Joe Lau, Alchemy powers 70% of the top applications on Ethereum and has been operating in private mode until now. The company has investors like Coinbase, Charles Schwab, Jay […]
Another Unaudited ‘Zero Value’ Farming Token is Taking the DeFi World by Storm & Coins Flying
The cryptocurrency world has been much faster than the traditional world, and now the DeFi space is running at a quicker pace than crypto. On Tuesday, a new DeFi project for yield farming was launched called Yam. Within a few hours of its launch, the unaudited project saw a whopping $250 million locked in it. […]
DeFi-Focused Protocol, Chia Network, Raises Another $5M in Funding Round
Chia Network, a Layer 1 focused blockchain project, has raised another $5 million in a funding round led by Slow Ventures. This latest equity addition brings the total amount of funds gathered from VC’s since its launch in 2017 to $16 million. Bram Cohen, the creator of BitTorrent, is also the top dog at Chia […]
Coinbase Withdraws From Blockchain Association Shortly After Binance.US Joins
Coinbase withdraws from the blockchain lobbyist group a day after Binance.US, Binance’s American wing, joined the group. In a report first published by The Block, Coinbase seems to have withdrawn from the Blockchain Association, a blockchain lobbyist group due to “recent decisions” within the group. The withdrawal follows the recent introduction of Binance.US, a crypto […]
U.S Banks and Big Tech Ask the OCC for More Clarification to Issue Crypto Services
The United States Office of the Comptroller of the Currency (OCC) has received over 90 responses from various stakeholders’ in the financial services sector on its advanced notice of proposed rulemaking (ANPR) issued last month. This independent bureau which operates under the U.S Treasury made highlights in July after it was approved for banks within […]
A New “Winner” in DeFi Town? SRM Token Shoots up 1,700% on Launch Day
DeFi tokens are all the rage in 2020. The latest decentralized finance (DeFi) token to enjoy a moon shot is SRM. SRM is the native token of non-custodial derivatives decentralized exchange (DEX) The Serum Project, which is a collaborative effort between FTX and Solana blockchain. The token was launched on Tuesday, and right off the […]
Tezos (XTZ) Trying to Hold on to the ATH Gains as Crypto Market Runs Red
Today, crypto streets are running red with losses The cryptocurrency market had a bullish start of the week when bitcoin breached the $12,000 level again. But the most significant crypto-asset couldn’t stay above this level and went back down. Now, today long term yields on government bonds jumped higher as investors prepared for the first […]
Bitcoin Bulls Must Defend $11,000, We’re Not Out of the Woods Yet
After yet another failed attempt at $12,000, Bitcoin fell to $11,100 yesterday in a multi-asset correction. As we reported, this has been a bond yield driven correction that was reflected in other markets as well, be it gold or S&P 500. Bitcoin, however, is holding on to $11,000 level, staying above it. At the time […]
