Tag: Platform

Pat Toomey blames the SEC for crypto ending platform crisis

According to Senator Pat Tomey, famous for his vocal support for the crypto industry, the United States Securities and Exchange Commission (SEC) could have prevented the loss of $12 billion in assets by investors who trusted Celsius, a crypto lending platform, that froze their deposits in June. An official letter from Toomey to SEC Chairman Gary Gensler, dated by July 26, suggested that the Commission’s inability to clarify how it would apply existing securities laws to digital assets and services, drew to undesirable repercussions. As Toomey writes: “Companies could have…

Pat Toomey blames the SEC for crypto lending platform crisis

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According to Senator Pat Tomey, famous for his vocal support for the crypto industry, the United States Securities and Exchange Commission (SEC) could have prevented the loss of $12 billion in assets by investors who trusted Celsius, a crypto lending platform, that froze their deposits in June. An official letter from Toomey to SEC Chairman Gary Gensler, dated by July 26, suggested that the Commission’s inability to clarify how it would apply existing securities laws to digital assets and services, drew to undesirable repercussions. As Toomey writes: “Companies could have…

Decentralized Data Platform Space and Time Raises $10M

Space and Time, which started as part of Chainlink Labs’ incubator program, uses Chainlink and other sources to pull data from blockchains, decentralized applications and off-chain systems. It’s database processes the data off-chain, avoiding high transaction or gas fees and slow throughput, and then transmits the data to a validation layer to be verified. The validated data is sent back on-chain to smart contracts, which is where the blockchain application that requested the data can see the results. Source

NFT domains platform Unstoppable raises $65M Series A at $1B valuation

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On Wednesday, nonfungible token (NFT) domains platform Unstoppable Domains announced that it closed a $65 million Series A funding round at a valuation of $1 billion.  Notable investors in the deal include Pantera Capital, Mayfield, Gaingels, Alchemy Ventures, Redbeard Ventures, Spartan Group, OKG Investments, Polygon, CoinDCX, CoinGecko, We3 syndicate, Rainfall Capital, Broadhaven, EI Ventures, Hardyaka, Sound Media Ventures, Boost VC and Draper Associates. Unstoppable said it will use the fresh capital to fuel product innovation and grow partnerships in the Web3 space. Unstoppable Domains offers NFT domains, which are suites…

How much does it cost to create a Security Token Offering Platform?

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Over the past few years, crowdfunding has gained more popularity after the emergence of cryptocurrencies. Many people are showing more interest in participating in crowdfunding campaigns. A factor that plays a vital role in attracting most investors to crypto crowdfunding is the inclusion of blockchain technology. There are numerous types of crypto crowdfunding prevailing in the crypto ecosystem. They are ICO, STO, IEO, etc. Among these methods, the security token offering is more popular based on the security features it offers. In this blog, we shall discuss all the complete…

Chinese Tech Giant Tencent to Shut Down NFT Platform Amid Trading Restrictions – Bitcoin News

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China’s Tencent Holdings plans to shut down its non-fungible token (NFT) platform Huanhe only a year after its launch. The social media giant has reportedly made the decision because of the strict ban on the resale of NFTs imposed by the authorities in Beijing. Huanhe to Close Down a Year After Launch as China Curbs NFT reselling Shenzhen-headquartered technology conglomerate Tencent is preparing to shut down its NFT platform as early as this week, according to a report by Chinese media outlet Jiemian, quoted by the South China Morning Post.…

Defi TVL and Smart Contract Platform Tokens Swell in Value With ETH, ETC Leading the Pack – Defi Bitcoin News

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The top smart contract platform tokens by market capitalization and the total value locked (TVL) in decentralized finance (defi) have swelled significantly in value during the last few days. Since the value locked in defi reached a 2022 low of $70 billion on June 19, the defi ecosystem’s entire TVL has grown by more than $17 billion. Meanwhile, the two smart contract tokens ethereum and ethereum classic saw their fiat values rise during the last seven days, as the two coins led the pack this week with double-digit gains. Defi…

Yuga Labs Drops Otherside Litepaper — Document Covers the ‘Foundational Principles’ of the Metaverse Platform – Bitcoin News

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Following the introduction of the Otherside metaverse and the apecoin (APE) launch, Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs), published the Otherside’s litepaper. The team says the “document serves as a starter guide for the Otherside, [and] it covers foundational principles of the platform, capabilities of its developers, and possibilities for community co-creation.” Otherside Litepaper Says Platform is a World-Building Platform That Provides an Exciting Environment to Play BAYC creators Yuga Labs via the Othersidemeta Twitter account released the BAYC and NFT-based metaverse…

Funko Plans to Launch Jay and Silent Bob NFT Collection via the Digital Collectibles Platform Droppp – Blockchain Bitcoin News

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Three months ago, Funko Inc., disclosed that it was entering the non-fungible token (NFT) industry when it announced it acquired a majority ownership stake in the NFT startup Tokenwave. At the time, Funko’s CEO Brian Mariotti explained that “Funko Pop digital NFTs” have the potential to be a “game-changer.” On Friday, Funko announced the company is launching a new NFT collection featuring Jay and Silent Bob from the filmmaker Kevin Smith’s Clerks films. Funko to Introduce Jay and Silent Bob Non-Fungible Tokens and Corresponding Physical Versions The cult classic characters…