BLOCKCHAIN
Blockchains incorporate several important features such as immutability, encryption and distributed storage, which combined makes secure peer-to-peer transactions possible and in turn has created the means to end human dependence on credit and thus credit intermediaries. Due to these features, blockchain has been referred to as ‘the Trust Machine’ and is forecasted to transfer the trust from agencies and institutions which are enforced by law to machine-based networks guaranteed by technology and mathematics.
Stablecoin Protocol Frax Finance Launches Lending Market Fraxlend
Algorithmic stablecoin protocol Frax Finance has launched its own lending marketplace Fraxlend, allowing users to lend and borrow tokens belonging to the Chainlink data feed without permission.
Crypto ETP provider 21Shares' Parent Firm Raises $25m
21.co, the parent company of European ETF issuer 21Shares, has completed a $25 million financing led by Marshall Wace at a valuation of $2 billion.
Marathon Digital Generated 184 BTC in Aug, Total Holding 10,311 BTC
Marathon Digital stated that as of August 31, 2022, it holds 10,311 BTC, with a total value of $206.7 million, and produced 184 BTC in that month.
Crypto-related Investment Slowdown May Continue in H2, KPMG Predicts
Attributed to the so-called crypto winter during H1, the amount of investment in the crypto market has been dragged, attracting over $14 billion in H1, according to global audit and consultancy firm KPMG.
HIVE Blockchain Exploring GPU Mineable Coins Ahead of Ethereum Merge
For the upcoming Ethereum merge, HIVE said it has already started exploring mining other GPU mineable coins with its fleet of GPUs. The miner said it is implementing beta-testing this week, before the merge.
Wombat Exchange Dominates Stableswap Market With $217M TVL in 24 Hours
Wombat, a multichain stableswap, has broken records for Total Value Locked (TVL) within 24 hours of launching. Users on BNB Chain deposited $217M of stablecoins within the decentralized exchange’s first day of operations, making it the network’s largest stableswap by TVL.
Kryptomon to Launch an Exclusive Physital NFT Collection on Binance NFT
The blockchain game Kryptomon, a living-NFT-powered Metaverse project combining Play-and-Earn gaming with nostalgic charm, announced today its official sale on Binance NFT, the NFT marketplace of Binance, the world’s leading blockchain ecosystem, and cryptocurrency infrastructure provider. This launch features one of the world's first “Physital NFT” collections.
Brazil Securities and Exchange Commission Bars Bybit Offering Crypto Trading
Brazilian Securities and Exchange Commission (CVM) ordered the ban on cryptocurrency exchange Bybit from engaging in the securities brokerage business.
Short Bitcoin Investment Products Saw Record Inflow of $18m Last Week: CoinShares
Data from digital asset management firm Coinshares showed that outflows from cryptocurrency investment products reached $9.2 million last week, with the majority of inflows coming from short investment products.
Move-to-earn App STEPN to Land in Hong Kong's Cyberport
Move-to-earn app STEPN announced that it is opening an office in Hong Kong despite COVID-19 restrictions and a tough regulatory environment.