Month: June 2022

Bitcoin & Ethereum Ready To EXPLODE! Spotify Gets Into Cryptocurrency! (Apecoin, Solana, Cardano)

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NFT platforms in China grow 5X in four months despite government warnings

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The popularity of nonfungible tokens is on the rise as recent data shows that the number of digital collectible platforms in China has grown to over 500, a 5X increase from February 2022, when the total number of NFT platforms was just over 100. According to a report published by a local Chinese daily, the sharp rise in the number of NFT platforms comes amid the growing hype and popularity of the digital collectibles in the country. Major tech giants including Tencent and Alibaba have shown interest in the nascent…

Organizer of Binance-Sponsored Crypto Tour Says Campaign Was Successful, Denies Reports of Arrest – Featured Bitcoin News

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A crypto enthusiast and organizer of the Binance-sponsored Blockchain and Cryptocurrency Awareness Tour (BCAT) recently held in Nigeria, has rejected reports he was arrested by security agents reportedly spooked by large crowds that were following the campaign. The enthusiast said the high number of people that attended the BCAT tour proves that Nigerians “want to continue to explore blockchain and cryptocurrency and improve their lives.” Nigerian Interest in Crypto and Blockchain Growing A Nigerian blockchain and crypto educator, Tony Emeka, has clarified that the security agents that made an appearance…

Foresight Ventures Launches 200m Foresight Secondary Fund I to Invest in Private Round Crypto Assets – Sponsored Bitcoin News

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sponsored Foresight Ventures launches 200m Foresight Secondary Fund I to invest in private round crypto assets that are looking to access liquidity during current volatile market conditions. The fund is launched with Bitget Exchange as the largest single LP. Current market conditions have not diminished our long-term outlook on the development of the crypto market, we want to cooperate with investors and projects to help improve liquidity and price discovery during these uncertain periods. This fund aims to purchase unvested tokens, SAFTs and other illiquid forms of investments that are…

"Bitcoin BEAR CYCLE Is About To End" | Cathie Wood

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Finblox withdrawal restrictions trigger concerns from the community

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In a tweet, Finblox announced that the firm is assessing the effects of 3AC’s situation on its liquidity. While the firm does this, it highlighted that it paused its reward distribution for all of its users and lowered its monthly withdrawal limit to 1,500 USD. Many of the platform’s users were disappointed with the news, sharing their frustrations about not being able to withdraw their funds. On the other hand, community members started calling out Finblox’s 90% Annual Percentage Yield (APY) offer on staking Axie Infinity Shards (AXS) as unsustainable.…

Bear market no issue for Binance Labs’ DeFi incubation program

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Binance Labs, the venture capital and incubation arm of the Binance cryptocurrency exchange, continues its business as usual despite the ongoing bear market. The VC firm is preparing to launch the fifth round of the Most Valuable Builder (MVB) accelerator program, the incubation program designed to support new projects focused on decentralized finance (DeFi) and Web3. Organized in cooperation with BNB Chain, the program looks to provide dedicated support to developers building decentralized apps on the BNB Chain blockchain network by providing incubation and investment. The MVB program was originally…

Bitfrost releases upgraded SALP 2.0 after protocol helped secure $450M via parachain auctions

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On Friday, Bitfrost, a Web 3.0 derivatives protocol that provides decentralized cross-chain liquidity for staked assets, launched the updated Slot Liquidity Auction Protocol dubbed “SALP 2.0.” Projects such as Moonbeam, Unique network, OAK network, Polkadex, etc., held their parachain crowdloans on Kusama and Polkadot via the original SALP. A total of 8,834,746 vsKSM ($439 million) and 3,045,564 vsDOT ($21 million) was minted through the protocol. The SALP protocol works by releasing the liquidity of tokens staked during an auction; liquid derivatives such as vsDOT and vsKSM are issued on a…