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“# Zabu token price flatlines after $3.2M attack on Avalanche blockchain ” Zabu Finance, a DeFi application on the Avalanche blockchain, has reportedly been exploited for crypto tokens worth $3.2 million. The removal of a large number of tokens eventually reduced the value of Zabu tokens to zero. Zabu Finance announced the exploit by asking…
“# Nasdaq to provide price feeds for tokenized stock trades on DeFiChain ” Tokenized stocks have had a shaky few months from a regulatory perspective, but that seemingly hasn’t stopped legacy financial giants and decentralized finance (DeFi) advocates from inking new deals. Bloomberg reported today that Nasdaq, Finnhub and Tiingo, will be providing their price feeds…
“# Bitfinex launches security token platform regulated in Kazakhstan ” Hong Kong-based cryptocurrency exchange Bitfinex is moving into the security token offering (STO) industry by launching a new STO platform regulated in Kazakhstan. Bitfinex Securities, Bitfinex’s blockchain-based investment product provider, has launched its investment exchange regulated in Kazakhstan’s national financial hub, the Astana International Financial…
“# NFL reportedly bans teams from crypto advertisements and NFTS sales ” The United States National Football League (NFL) has reportedly barred all teams and members from crypto-related sponsorships and advertisements, as well as nonfungible token (NFT) sales. According to a report by The Athletic, the NFL has restricted the sale of sponsorships to cryptocurrency…
“# Regulating crypto could give it ‘halo’ of legitimacy, says UK watchdog ” Regulators must step up protections for consumers who invest in crypto tokens but also keep in mind that overreach could backfire, the chair of the United Kingdom’s Financial Conduct Authority (FCA) has cautioned. In a new speech written for the Cambridge International…
“# Russian Sberbank plans to register its digital asset tool in September ” Sber, the largest banking institution in Russia, continues progressing with the development of its blockchain-based platform for issuing digital assets. Anatoly Popov, deputy chairman of the executive board at Sber, said that the bank is planning to have registered its digital asset…
“# Internet Computer to release 10,000 free NFTs in debut drop ” Dfinity’s Internet Computer has announced the release of 10,000 non-fungible tokens, or NFTs. Users are eligible to claim their free token Wednesday at 8pm UTC . Conceptualised by brothers Przemek and Tomasz Chojecki, alongside Adam Stępnik, the trio were inspired to create the…
“# 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…
“# Blockchain technology can change the world, and not just via crypto ” Over the last three or four years, blockchain adoption has expanded tremendously, and each industry is exploring different use cases for the technology. There are multiple aspects of blockchain — from business to technical and more — but with the way the…
“# Brands must tokenize their loyalty and rewards programs ” The adoption of nonfungible tokens has served as a practical entry point for users joining the crypto economy, driven primarily by their respective fandoms and the benefit-centric nature of the tokens. For instance, if you’re a Lebron James superfan, you can understand why “The Block”…