Teams apply to Seed Club, and if they’re selected, promise to contribute 3% of their project’s tokens to the DAO. Once launched, those projects will receive a grant of tokens from Seed Club’s treasury, giving them membership in, and part-governance over, Seed Club’s DAO. Source
The Macalinao brothers used a web of bogus identities to create the illusion of a dev community, juicing value on the Saber protocol and Solana blockchain. Now they’re moving to Aptos. Source
Major crypto exchange Binance has partnered with Mastercard to launch a prepaid card for the residents of Argentina. In a Thursday announcement, Binance said the card will allow its clients in Argentina to use Bitcoin (BTC), BNB and other cryptocurrencies to make purchases as well as ATM withdrawals in fiat wherever Mastercard is accepted — roughly 90 million merchants globally and online. Argentine cardholders can also earn up to 8% back in cryptocurrency from certain purchases. According to Binance, the introduction of the card — expected to be “widely available in…
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Fringe Finance, an all-new and inclusive DeFi lending platform, saw the integration of $FOX as a collateral type into its Primary Lending Platform (PLP). With Fringe’s PLP, borrowers can take out $USDC loans against their altcoins. Now $FOX holders will get access to stablecoin loans and will be able to unlock part of the value of their positions without selling their tokens. Below, we’ve prepared a short tutorial on borrowing $USDC with FOX tokens. How do $USDC Loans work? Through Fringe Finance, you can take out instant $USDC overcollateralized…
Two titans from different corners of the investment world are partnering up to bring cryptocurrency trading to wealthy clients. In a new blog post, top US-based crypto exchange Coinbase announced an alliance with BlackRock, the traditional finance investment behemoth with $10 trillion in assets under management (AUM). Institutional investors who use BlackRock’s Aladdin management platform will now be able to purchase Bitcoin (BTC) via Coinbase Prime, with access to other altcoins coming at a future date. “Built for institutions, Coinbase Prime integrates advanced agency trading, custody, prime financing, staking, and staking…
Flow (FLOW) logged its best daily performance on Aug.4 after becoming the latest blockchain to support Instagram’s nonfungible token (NFT) features. Insta-made FLOW rally Meta CEO Mark Zuckerberg announced on Aug. 4 that Instagram had expanded its NFT support to 100 more countries in Africa, the Asia-Pacific, the Middle East and the Americas. As a result, more users can post digital collectibles minted on the Flow blockchain on Instagram. The high-profile integration helped FLOW surge 54% to reach an intraday high of $2.83 a token. Interestingly, the token’s massive upside move…
Ethereum has lost steam after a week of trading in profits. The elements for a potential extension of the bullish momentum were laid out in the macro-economic stage. Still, rising tensions between China and the United States have brought back uncertainty to the global financial world. U.S. Congresswoman and Speaker of the House of Representatives Nancy Pelosi visited Taiwan earlier this week. Her visit is controversial, as Taiwan is considered a territory in open rebellion by China. The latter responded to Pelosi’s visit by firing artillery near Taiwan and announcing…
Cryptocurrencies’ total market capitalization bounced from $860 billion on June 30 to the current $1.03 trillion, a 20.6% relief in five weeks. Ether (ETH) might have been the absolute leader among the largest smart contract chains, but BNB managed to gain 39% over that period. BNB (blue) vs. Ether (orange), AVAX (cyan), SOL (yellow). Source: TradingView BNB token’s year-to-date performance remains negative by 43%, but the current $49.5 billion market capitalization ranks it the third largest, excluding stablecoins. Furthermore, the leading decentralized application (DApp) is PancakeSwap — 843,630 active addresses in…
Lattice Capital, a venture capital firm that makes early-stage bets on crypto projects and protocols, has raised $60 million for its second fund, tripling the capital commitment from its first purse last August, Lattice general partner Mike Zajko told CoinDesk in an interview. Source