Binance Stored Users’ Fund with B-Tokens Collateral by ‘Mistake’: Report
[ad_1] Binance, the world’s biggest cryptocurrency exchange by trading volume, admitted to storing customers’ funds and the collateral of some of the tokens it issues by “mistake.” According to Bloomberg, Binance issued 94 Binance-peg tokens, also called ‘B-Tokens’. However, almost half of the reserves of these tokens are kept...
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Bitget Raises Protection Fund to $300m after FTX Crash
[ad_1] Bitget, a popular cryptocurrency platform, announced on Tuesday that it had increased the amount of the current Protection Fund to $300 million. After the FTX collapse, the crypto exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial...
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VC firm Konvoy launches new $150M fund, eyes blockchain-based games
[ad_1] Venture capital firm Konvoy Ventures is set to fork out at least $30 million to back various cryptocurrency and blockchain-based games. The American firm announced the launch of Konvoy Fund III, with $150 million in capital that it plans to invest in a variety of platforms and technologies...
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Solana Ventures sets up $100M fund for GameFi and DeFi in South Korea
[ad_1] Solana Ventures and the Solana Foundation have formed a $100 million fund to help support the growth of nonfungible token (NFT), blockchain gaming and decentralized finance (DeFi) projects in South Korea. In addition to supporting projects built on Solana (SOL), the fund will help keep some Terra-based projects...
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Fetch.ai (FET) gains 43% after $150M development fund and Cosmos IBC announcement
[ad_1] Development across the cryptocurrency ecosystem continues to move forward despite the day-to-day whipsaw price movements and this progress is furthering the public’s awareness of Web3 and the value of blockchain technology. One project that has been climbing the charts amid a marketing push to develop better brand recognition...
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Binance Donates $10M To Ukraine And Launches Emergency Relief Fund
[ad_1] It is no surprise that international support for Ukraine continues to grow following the invasion by Russia. After Russia invaded Ukraine, experts from every sector started getting worried about worse cases. For example, cybersecurity experts started answering if a global cyberwar is about to unfold. The crypto money...
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FTX Launches $2 Billion VC Fund to Invest in Crypto Startups
[ad_1] On January 14, FTX, a popular Bahamian-based cryptocurrency exchange Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the...
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How To Retroactively Fund Contributors To The Ethereum Ecosystem
[ad_1] Introducing the EIP NFTs. Only authors of finalized Ethereum Improvement Proposals can mint these new NFTs that represent their contributions to Ethereum as a whole. This is a way to, not only recognize, but retroactively fund the work of the developers and philosophers that make the Ethereum ecosystem...
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Biggest Bitcoin fund in the world could become ETF by July as GBTC nears $40 billion AUM
[ad_1] Grayscale could launch its Bitcoin (BTC) exchange-traded fund (ETF) as soon as July 2022, one of its executives has said. Speaking at a virtual event organized by MarketWatch on Oct. 27, Grayscale’s global head of ETFs, David LaValle, gave a nine-month timeline for approval by U.S. regulators. Grayscale:...
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