The decentralized finance (DeFi) niche has tracked phenomenal progression since it emerged in earnest around 2017 but not without major bruises. During this half decade run, the DeFi space has evolved rapidly as reflected in its total value locked (TVL) figure which topped $180.38 billion in December 2021 according to DeFi Llama data. The brisk […]
Tag: STO
Huobi Plans to Bypass China’s Crypto Ban in a Novel Way: Report
Neither the author, Ruholamin Haqshanas, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Crypto entrepreneur Justin Sun, who serves as an advisor to cryptocurrency exchange Huobi, allegedly has a novel plan to bypass Beijing’s trading restrictions and once again draw Chinese users, the Wall Street Journal reported. The scheme […]
Exchange News – Binance, Bitzlato, Luno, OKX, Zipmex and More
In a surprise turn of events this week, Coinbase revealed on Wednesday that it had received legal threats from the US Securities and Exchange Commission (SEC). Chief legal officer Paul Grewal discussed the pretext, basis, and implication of the ‘Wells Notice’ sent from the market regulator. Grewal expressed the exchange’s disappointment in the SEC’s actions […]
Nasdaq Plans to Launch a Crypto Custody Platform This Year: Report
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Nasdaq Inc., the company behind the giant namesake stock market exchange, is seeking to launch its digital asset custody platform in Q2 2023, Bloomberg reported Friday. The group is pushing ahead with preparations, marking […]
79% of Votes Opt to Keep Reserves in USDC in Recent MakerDAO Proposal
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. MakerDAO, the decentralized autonomous organization (DAO) behind the lending platform Maker, is set to keep Circle’s USD Coin (USDC) as the primary reserve asset for DAI stablecoin, following a community vote. Despite USDC breaking […]
Litecoin (LTC) Falters Below Three-Week High Breaking Defiance Streak
A Bitcoin iteration of sorts, Litecoin (LTC) has played second fiddle to the flagship cryptocurrency for most of its history – living up to its ‘the silver to Bitcoin’s gold’ tag. The pair’s price movement has also mostly been much of a muchness. Only Ethereum has tracked a price action with a greater correlation (0.89) […]
Terra Founder Do Kwon Arrested in Montenegro, Interior Minister Says
<p class=”MsoNormal”>Do Kwon, the Co-Founder of the collapsed <a href=”https://www.financemagnates.com/terms/s/stablecoin/” class=”terms__main-term” id=”e84b040e-4d12-499b-99bf-8ba75ea058ca”>stablecoin</a> issuer, Terraform Labs, has been arrested by police authorities in Montenegro, Filip Adzic, the country’s Interior Minister disclosed on Thursday. According to Adzic, Kwon was arrested at the Podgorica Airport and was found with falsified documents. </p><p class=”MsoNormal”>“Montenegrin police have detained a person […]
The SEC was Busy Wednesday – Issues Wells Notice to Coinbase, Charges Tron, Justin Sun, and Various Celebrities
Coinbase, the largest cryptocurrency exchange in the US, announced on Wednesday that it had received a “Wells Notice” from the US Securities and Exchange Commission (SEC) regarding an unspecified portion of its digital assets, staking service, and wallet products. This is just a recommendation for enforcement action, not a formal charge or lawsuit. Coinbase’s products […]
The GameFi Industry is Ready to Explode in 2023: Here are the 12 Best GameFi Crypto Tokens to Invest in Now
2023 could be the year that GameFi really starts to take off. More and more exciting GameFi projects are joining the space as the traditional gaming industry looks destined to change forever. The best GameFi projects deliver integrated financial rewards to players across various genres. For anyone looking to invest in blockchain gaming for the […]
The Future of NFTs: Will They Disrupt Traditional Art Markets?
<p>NFTs, or non-fungible tokens, have taken the art world by storm in recent years. NFTs are one-of-a-kind digital assets that are stored on a blockchain, giving them an immutable and traceable history. </p><p>While the applications of NFTs extend beyond the art world, their ability to disrupt traditional art markets is a source of contention. </p><p>What […]
