When asked of a potential bank run on Bloomberg TV Monday evening, CEO Mark Lamb said he’s unconcerned this scenario would occur as customers can withdraw their funds once the new token fundraise is complete. Lamb also said CoinFLEX plans to boost transparency for future positions, notional value of accounts, margin, and will use an external auditing firm to do so. Source
The dedicated FTX token (FTT) DAO has raised $7 million from its community members as plans to invest in crypto education and DeFi. Source
The price of THORChain’s token RUNE is up 16% since the project announced the official launch of its mainnet on June 22. The team announced the mainnet launch on Wednesday, alongside the rollout of a “Rune in a Million Campaign” on Binance that contains a total of $1 million worth of RUNE rewards for users of the exchange. The announcement has been followed by a 16% bump for RUNE to $2.18 at the time of writing, and the price is up 31.6% over the past seven days. The surge has…
Stepn (GST) is competing in the fitness industry using cryptocurrencies and the blockchain. Stepn is a smartphone software built on Solana and produced by app developer FindSatoshi Lab that allows users to earn money by jogging, running, or walking. Under the influence of this bearish market, however, the price of GST (Green Satoshi Tokens) has fallen below the $1 critical support level. The coin is currently trading at $0.18, representing a 97 percent decline from its all-time high of a little over $9 on April 28. To prevent the ecosystem…
press release PRESS RELEASE. NoVa Battles has taken another step forward by completing another major milestone, being listed on Bitrue. The centralized exchange, Bitrue, has announced that NVA passed the BTR Vote on the 21st of June, 2022. The launched listing pair is NVA/USDT. Deposits for this coin (ERC20 Network Supported) have already been enabled. NVA Token holders can now trade on Bitrue here: https://www.bitrue.com/trade/nva_usdt Withdrawals for this coin will be enabled approximately 24 hours after trading begins. The NoVa Battles team is excited to bring you another chance to…
press release PRESS RELEASE. “Play & Earn” is no longer a strange term for most GameFi believers. Recently, Remitano Network, Remitano’s blockchain network, has launched a novel airdrop in the format of “Play to Earn”, allowing users to own the network’s RENEC token in the form of “group mining”. Starting from the free daily RENEC solo mining at Remitano.com, users can now mine together in groups to receive a larger amount of RENEC token airdrop as a reward. Each mining pool is called a mining room, and after 24 hours,…
press release PRESS RELEASE. Cryptostone, a genuinely anonymous, No-KYC blockchain financial ecosystem, has announced the token sale date for the CPS token. After a successful pre-sales round, which has raised over two million USD from thousands of followers, the token will be available for public sale from June 30, 2022. The project is creating the next evolution of blockchain, a world where cross-border payments, SME fundraising, and crypto trading will happen just as they ought to. The significant outcomes of Cryptostone (token: CPS, on Binance smart chain) will be equity,…
The price of CEL, the native token of Celsius Network, has almost quadrupled since June 19 in what appears to be a frenzy stirred up by day traders. CEL price short squeeze CEL’s price rose from $0.67 on June 19 to $1.59 on June 21, a 180% spike compared to the crypto market’s 12.37% rise in the same period. Notably, the rally started after PlanC, an independent market analyst, announced a $20 million bounty for anyone who could prove that the Celsius Network suffered a coordinated attack at the hands…
Last week, a WeChat post published by the Shanghai Fengxian Court began circulating in crypto circles with regards to its recent ruling on a car sale in May 2019 made using digital currency. At the time, the buyer, identified only as Mr. Huang, signed a sales contract to purchase a 2019 Audi AL6 for CNY 409,800 ($59.477) in exchange for the consideration of 1,281 Unihash (UNIH) tokens with an undisclosed car dealership in Shanghai. Per the original contract, the seller was to deliver the car to Huang within three months’…
On Monday, however, Babel said it had reached preliminary agreements with counterparties on the repayment of some debts that led to the halt on withdrawals. “We have actively communicated with shareholders and potential investors, and will continue to communicate and obtain liquidity support,” Babel said in a statement. Source