On September. 28, Binance announced the launch of Venus Protocol, an algorithmic money market platform that allows borrowing of over-collateralized loans, lending, and generation of new synthetic stablecoins, VAI. According to a tweet by Joselito Lizarondo, founder of Swipe Wallet and Venus Protocol, the BSC-based platform is a fork from Compound (COMP) and Maker (MKR). […]
Tag: STO
Stratis to Launch New Blockchain and Token ‘STRAX’, Increasing Focus on DeFi
As blockchain use cases such as digital securities, lending platforms, and more take off, companies are finding the need for increased flexibility in their blockchains. Stratis, a popular enterprise-focused ‘Blockchain as a Service (BaaS)’ company, has recognized this and just announced STRAX. Introducing STRAX – We are delighted to release full details regarding the STRAX […]
KuCoin Hack: Exchange’s Insurance Fund to Cover User Loss “Completely,” Tether Freezes 33M USDT
The Singapore-based cryptocurrency exchange KuCoin released a statement regarding detecting large withdrawals on September 26, 2020, at 03:05:37 (UTC+8). The exchange has reportedly lost $150 million worth of funds, although KuCoin hasn’t declared it yet but released “suspicious addresses,” which are constantly updated. As per the company’s internal security audit report, some BTC, Tether, ERC20 […]
US Lawmakers Propose Two New Bills to Streamline Digital Asset And Crypto Exchange Regulation
The U.S. Senate released two new bills on Thursday, aiming to provide regulatory clarity on digital assets. The first, introduced by Congressman Tom Emmer (R-NC), is the “Securities Clarity Act,” which aims to establish cryptocurrencies that fall under securities. The other, “Digital Currency Exchanges Act 2020 (DCEA)” introduced by Representative Michael Conaway, aims to switch […]
Bank of Canada: The Financially Illiterate Are Twice as Likely to Invest in Crypto
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. There is much work to be done in the cryptocurrency market before it reaches mainstream adoption and appreciation. Even though in roughly 11 years, it has gained a tremendous amount of ground. But there […]
Investing In Kava – Everything You Need to Know
Kava is a next-generation decentralized lending platform that seeks to bring new flexibility to the market. The network is known for its cross-chain capabilities and unique lending strategy. Today, the platform offers a range of products with its two main being collateralized loans and stablecoins. To date, Kava has paid out $1,129,883.32 in interest payments […]
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 […]
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 […]
Trader Calls for an Extended DeFi Winter for the Best Performing Assets of 2020
The decentralized finance (DeFi) rage made many people in the crypto community very rich. With DeFi tokens surging by as much as 10,000% and more, they have become the best-performing assets of 2020, so far. 2020 saw everything from stocks, bonds, and commodities flying, hitting new all-time highs (ATH). But nothing compares to the success […]
Report: 90% of Institutional Investors Anticipate Entering Crypto Space
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Commissioning a survey of US and UK institutional investors in July of 2020, Evertas crypto insurance company came away with optimistic results. As always, low interest rates and bond yields shift investors’ gaze toward […]
