Category: Altcoin
MakerDAO introduces redesigned governance tokens and stablecoins
NewStable (NST) and NewGovToken (NGT), respectively, are the improved versions of MakerDAO’s DAI stablecoin and the MKR governance token. The release from August 22 states that switching to the new…
Stork Network, a Web3 oracle provider, raises $4 million in startup money
Seed money totaling $4.7 million was raised by Stork Network, a provider of web3 oracles. Wintermute and CMS also participated in this round, which was led by Lightspeed Faction and…
Babylon begins its self-custodial Bitcoin staking Mainnet phase one
Phase one of the self-custodial mainnet has been deployed by the Bitcoin staking protocol Babylon. Users of Babylon can now utilize smart contracts to stake Bitcoin. According to Babylon’s website,…
Justin Sun’s USDD stablecoin is no longer supported by Bitcoin
After removing over $750 million worth of bitcoin backing the USDD stablecoin on Wednesday, Tron founder Justin Sun is reassuring users that they shouldn’t be concerned. Launched in 2022 as…
Grayscale unveils Avalanche’s AVAX token investment trust
Grayscale Investments has introduced the Grayscale Avalanche Trust and increased the range of cryptocurrency investment products in its portfolio. The purpose of this new investment vehicle is to introduce accredited…
Magic Eden is going to use the ME ecosystem token
The ME Foundation is developing a utility token called ME, which will be issued at a later time and adopted by leading NFT marketplace Magic Eden. ME tokens will allow…
Supported by paradigms Conduit gives rollups seeking to boost scalability access to a marketplace
Conduit, a cryptocurrency infrastructure firm, has announced that it would be launching a marketplace platform to assist rollup teams in becoming more scalable. Conduit produces tools that enable developers to…
SEC rebuffs Richard Heart, the founder of Hex, attempts to get the case dismissed
In response to the complaint that was brought against Richard Heart, the founder of Hex, the U.S. Securities and Exchange Commission stated that it was within its rights to prosecute…
YieldNest introduces a new token for liquid trading
According to a statement released on August 21, the decentralized finance (DeFi) system YieldNest is introducing a new liquid staking derivative (LSD) dubbed ynLSDe that is intended to collect restaking…
TRON (TRX) Is Nearing An All-Time High as Memecoin Mania Volume Soars 200%
With all the attention on the TRON ecosystem, it’s possible that TRX, the native coin, may soon reach a new all-time high (ATH). The introduction of SunPump and the subsequent…
Closed beta for Shiba Eternity launches: Web3 Migration, NFT Inventory, and Improved Player Experience
The marketing lead for Shiba Inu, Lucie, recently announced on X that the much awaited collectible card game, Closed Beta, has now officially launched on the Shibarium mainnet. This card…
A Bloomberg analyst believes that approval of the Solana ETF depends on Trump’s victory in 2024
The CBOE website recently removed the 19b-4 files from VanEck and 21Shares, which makes it seem unlikely that the spot Solana ETF would be approved in the US at this…
Together, Aethir and Return Entertainment Will Revolutionize Gaming on Smart TVs
Return Entertainment, a cloud-native gaming firm aiming for the smart TV market, has teamed with Aethir, a GPU-as-a-service provider and decentralized physical infrastructure (DePIN) initiative. Through this partnership, Return Entertainment’s…
China Mobile and Conflux Network to Introduce Ground-Breaking Digital Collectibles
As the first public blockchain in China that complies with regulations, Conflux Network has established a major alliance with China Mobile, the nation’s biggest telecom operator with more than one…
$2 million is secured by Nexus Interactive for the expansion of Web3 gaming
The money will go into creating new games and improving Nexus Interactive’s current environment, which has already generated a lot of income and community involvement. Animoca Brands, Jump Crypto, and…
Story Protocol Puts Up a $80 Million Bid to Restructure Intellectual Property Rights in the AI Age
In order to develop Story Protocol, a layer-1 network for licensing and protecting intellectual property in the digital age, PIP Labs announced $80 million in Series B fundraising on Wednesday….
Investors Pantera Capital Purchases Animoca’s TON-connected GAMEE
The mobile gaming platform that powers the WatBird game, GAMEE, is a division of Animoca Brands, and Pantera Capital has invested in it. WatBird was created as a Telegram Mini…
As the hash price of bitcoin stays low, interest in mining Kaspa and Alephium is growing
Cryptocurrency Miners Go Beyond As of today, in the final four months of 2024, the fourth most profitable way to mine bitcoin is by employing the SHA256 consensus algorithm. The…
Launching on the ZKsync-powered Era mainnet, Aave aims to utilize it to its “maximum”
As part of a larger embrace of its ecosystem, the pioneering decentralized lending protocol Aave launched Aave V3 on the Era mainnet, powered by ZKsync. The Elastic Chain ecosystem, a…
Nym releases a VPN app that protects privacy in beta
The same-named mixnet’s privacy-preserving business, Nym Technologies, has announced a virtual private network, or VPN, that will help protect users’ identities online. The team noted in a news release that…