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“# Crypto exchange OKEx launches DeFi hub and NFT marketplace ” Global crypto exchange OKEx is ramping up its decentralized finance (DeFi) efforts with the introduction of the DeFi Hub, a decentralized digital asset ecosystem that includes a marketplace for nonfungible tokens (NFTs). According to a Sep. 2 announcement, the crypto spot and derivatives exchange…
“# The total market cap of public crypto stocks has quadrupled since January ” The combined market cap of publicly-listed crypto firms has roughly quadrupled this year while the number of public digital asset firms has increased by 28% over the same period. A new report from CoinShares estimates that public “cryptocurrency pure play companies”…
“# Bitconnect promoter pleads guilty over Ponzi scheme, as platform faces new SEC charges ” Former director and promoter of the notorious Bitconnect Ponzi scheme, Glenn Arcaro, has pled guilty to fraud charges related to his role in the now-defunct crypto exchange and lending platform He has been ordered to pay back $24 million to…
“# Expanding ecosystem and LedgerX acquisition send FTX Token (FTT) to a new ATH ” Real-world adoption and brand awareness are one of the best ways for a blockchain project to increase its value and attract new users to users to its ecosystem. One project that has seen massive growth throughout 2021 thanks to its…
“# BlockFi board of directors replaces ‘Crypto Dad’ after four months ” Former Commodity Futures Trading Commission chair Christopher Giancarlo, also known as “Crypto Dad,” will be leaving crypto lending firm BlockFi’s board of directors, but continuing to advise the group on digital assets. In a Wednesday announcement, BlockFi said Ellen-Blair Chube, a managing director…
“# UK-based banking firm Standard Chartered joins Global Digital Finance patron board ” Standard Chartered, a United Kingdom-based multinational banking firm, has joined an alliance of fintech companies and banks aimed at accelerating the adoption of best practices of cryptocurrencies. In a Wednesday announcement, Standard Chartered said it would be joining crypto and digital finance…
“# Pantera-backed Braintrust launches token on Ethereum mainnet ” Decentralized talent network Braintrust has officially launched its BTRST token on the Ethereum mainnet, setting in motion a new governance framework as it aims to drive mass enterprise adoption of its services. The project launched publicly in June 2020 and has now generated $31 million in…
“# Evrynet’s $7M raise highlights institutional appetite for DeFi ” Financial service platform Evrynet has concluded a $7 million fundraiser for its forthcoming decentralized finance app targeting institutional investors, offering further evidence that DeFi has an institutional-grade audience. The private investment round was led by Signum Capital, a Singapore-based blockchain venture fund, with participation from…
“# NFT whale ‘Pranksy’ pranked by fake Banksy for 97.7 ETH ” Nonfungible token collector Pransky was duped out of 97.67 Ether, worth $341,500, after the website of popular artist Banksy was hijacked to promote a fake NFT auction. However, almost all of the money has since been refunded. On Aug. 31, Pransky spotted a…
“# Korean firm will become first BSN portal operator outside of China ” Red Date Technology, one of the four founding members of the Chinese Government-backed Blockchain Service Network (BSN), has announced Korean firm MetaverseSociety as the first BSN portal operator located outside of mainland China. Twitter account “BSNbase” broke the news on Sept. 1,…