Hodlnaut heading for liquidation after failure of restructuring, sale efforts
Recovery from the crypto winter is proceeding, but Hodlnaut won’t survive it. A sealed court order in Singapore appears to spell its doom. Go to Source
Algorand
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Ethereum scaling protocols drive zero-knowledge proof use: Finance Redefined
The top 100 DeFi tokens had a mixed week, with most of the tokens trading in a narrow range before surging on July 13 courtesy of Ripple’s partial win in its court battle with the SEC. Go to Source Powered by WPeMatico
Algorand decentralized lending protocol Algofi to shut down by end of year
Developers say building the borrowing and lending protocol is “no longer a viable path” for Algorand. Go to Source Powered by WPeMatico
ALGO, FLOW rebound from all-time lows, others rebuff SEC securities label
The SEC’s tagging of cryptocurrencies as securities has greatly affected the crypto market causing Algorand and Flow to hit historic lows on June 10. Go to Source Powered by WPeMatico
Noble Partners With Circle Financial to Integrate USDC on Cosmos Blockchain
According to the token protocol startup Noble, the second-largest stablecoin, USDC, will be integrated into the Cosmos blockchain, as the company has partnered with Circle Financial for the rollout. Noble details that the integration will give access to Circle’s USDC stablecoin to more than 50 Inter-Blockchain Communication (IBC) networks. USDC Native Support Is Coming to … Read more
Coinbase and Algorand give divergent reasons for staking reward suspension
Algorand Foundation CEO said the crypto exchange is evaluating its products and services after receiving a Wells Notice. Coinbase denies the claim. Go to Source Powered by WPeMatico
Algodex reveals wallet infiltrated by ‘malicious’ actor as MyAlgo renews warning: Withdraw now
Crypto exchange Algodex and wallet provider MyAlgo have both suffered security breaches in the last few weeks. Go to Source Powered by WPeMatico
Zimbabwean Blockchain Startups Launch Service to Help Migrants Efficiently Move Funds Across Borders
Two Zimbabwean startups, Flexid and Uhuru Wallet, recently launched a platform that offers digital identity and remittance services to migrants living and working in South Africa. The two startups hailed what they’ve described as the “first cross-chain collaboration between the two companies.” Harnessing the Benefits of the Blockchain The Zimbabwean blockchain startup Flex ID and … Read more
MyAlgo users urged to withdraw, as cause of $9.2M hack remains unknown
The Algorand wallet provider said it still hasn’t determined the cause of exploit that’s drained millions in ALGO, urging users to withdraw funds from wallets created with a seed phrase. Go to Source Powered by WPeMatico
Napster Expands Into Web3 Music Space With Acquisition of Mint Songs
On Wednesday, Napster, the music streaming service originally launched in 1999, announced that the company has finalized a deal to acquire the Web3 music startup Mint Songs. Napster’s CEO, Jon Vlassopulos, insists that “we are in an unprecedented era of innovation in the digital music space,” and he believes Web3 innovations can help musicians find … Read more
