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FTX US unveils No-Commission Stock Trading Platform

FTX US announced the launch of its stock platform, which allows retail investors to trade standard exchange-listed stocks and ETFs alongside crypto and non-fungible tokens (NFTs). The company, the US affiliate of Bahamas-based crypto exchange FTX, will now provide trading and investment in hundreds of US equities and ETFs within its existing crypto trading software….

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Aave launched Lens Protocol, a decentralized social media protocol

DeFi is a popular lending protocol. Aave is taking a different approach with its latest Web3 project, Lens Protocol, a decentralized social graph that leverages NFT assets to power social media networks, which was announced today. While Lens Protocol looks to be aimed against centralized social media networks such as Twitter, it takes a unique…

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DoraHacks garners funds worth $20M From FTX, Liberty City

DoraHacks, a cryptocurrency Web3 developer incentive platform, has secured tens of millions of dollars in new capital from some of the industry’s most powerful investors such as FTX ventures and Liberty City Ventures.  According to a press statement issued on Wednesday, the platform has received $20 million in a Series B1 fundraising round aimed at…

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Hyundai and Meta Kongz teamed up to bring community NFTs to the market

Hyundai Motor Company, a South Korean automaker, made its debut in the world of non-fungible tokens (NFTs) on Monday 18-05-2022, after cooperation with the ‘Meta Kongz‘ NFT brand. Kakao, the firm behind Korea’s most popular instant messaging app, KakaoTalk, established the Clayton blockchain, on which Meta Kongz is built. Makes 10,000 PFP Meta Kongs in…

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Fireblocks launches Web3 Engine with developer tools to support DeFi and NFT apps

Fireblocks is a digital assets custody platform that announced the debut of its new Web3 Engine. The purpose of the Web3 engine launch is to assist and nurture the emergence of the Web3 ecosystem.   Micro, Macro, and commercial businesses may use the Fireblocks platform to acquire and administer crypto assets like cryptocurrencies and NFTs, which…

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India planning to completely ban celebrity-endorsed crypto ads

With possible criminal infractions, celebrity sponsorship of cryptocurrency in India would soon come to a stop. SEBI predicts that all significant public personalities, including athletes, will stop making agreements. Like India, the new crypto industry is severely uncontrolled in some markets, necessitating solid regulations. Misleading endorsements are considered violations of the law The craze of…

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Vitalik Buterin suggests Terra to protect smallholders over big whales

The Terra eco-system, as widely documented, went into a whirlpool on May 9, with LUNA falling by 100% and the Terra USD (UST) stablecoin losing its USD peg (valued at $0.16 at time of writing). With massive losses for LUNA and UST investors, the community is now searching for methods to repair the ecosystem and…

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Nike seeks to add counterfeiting claims to StockX lawsuit

On Tuesday(10-05-2022), Nike, the American multinational corporation, urged a federal judge in the Southern District of NY to add forgery and misleading advertisements allegations to an already-existing trademark dilution action against StockX. As per Bloomberg, Nike’s legal counsel bought four counterfeit pairs from the marketplace over the course of 2 months, all with documents saying…

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Coinbase junk bonds plummet due to market turmoil and creditors’ concerns

Coinbase’s junk bonds are plummeting in value, owing to poor first-quarter performance and concerns about what would happen if the company goes bankrupt. According to bond trading data from Trace Bonds, Coinbase’s junk offerings tumbled to 17% and 5.2% since its first-quarter report revealed on May 10. This means that the bonds’ current values are…

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Aurora launches a $90M token fund

Aurora has recently marketed a token fund of $90 million. For those unaware, Aurora is an EVM (Ethereum Virtual Machine) designed by the Near protocol team. The purpose of Aurora is to provide turn-key solutions for the running of Dapps on an Ethereum-supported, scalable and secure platform with minimum service charges for its users.   The…