An IDO: What Is It? An explanation of the first DEX offer
One reason for the increasing popularity of IDOs in the cryptocurrency world is their efficiency. They enable funders to hold funds prior to a protocol launching its coin or token…
DBS Bank Uses Blockchain to Distribute Government Grants More Effectively
DBS Bank, based in Singapore, has unveiled a ground-breaking solution that uses blockchain technology to improve the governance and efficiency of government grant distribution. By streamlining and speeding up the…
After 5 million downloads, GOQii Releases Rewards for Universal Health Tokens
By completing health-related challenges and consultations, users can receive $UHT awards that can be exchanged for goods, NFTs, and savings on medical supplies and services. Key elements of GOQii’s platform…
New DeFi platform unveiled by the Trump family seeks to challenge “big banks”
On August 22, the former president Donald Trump declared that The DeFiant Ones, the Trump Organization’s new cryptocurrency platform, would go live. In a post on Truth Social, Trump revealed…
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…
With Startale Labs, Sony Group teases the debut of the Ethereum Layer-2 blockchain
With an emphasis on scalability and user-friendliness, the joint blockchain venture between global conglomerate Sony Group and Startale has announced the construction of Soneium, its first Ethereum Layer-2 blockchain, with…
Binance Declares Its Support for The Telegram Ecosystem’s New Dog-Themed Memecoin
Binance has announced that it would be listing Dogs (DOGS), a memecoin, on The Open Network (TON), a layer-1 blockchain. On August 23, Binance will feature DOGS for the first…
POPCAT rises 30% on news from Binance and a large whale purchase
Popcat, a meme coin with a cat motif, reached a peak of $0.58 on August 22. This Solana joke coin saw rises after the cryptocurrency market reacted to Binance Futures…
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…
Pre-seed funding totaling $8 million is raised by Bitcoin restaking platform SatLayer
In a pre-seed investment round, $8 million was raised by SatLayer, a Bitcoin restaking platform based on the Bitcoin staking protocol Babylon. According to SatLayer on Thursday, Franklin Templeton, OKX…
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…