Uncollateralized Lending Platform Truefi Raises $12.5 Million From A16z, Alameda and Blocktower

Truefi, an uncollateralized loan platform, has raised $12.5 million from three important investors. The token sale was led by Blocktower, a New York-based cryptocurrency investment firm. Other important investors were Alameda Research — owned by Sam Bankman-Fried, founder of FTX — and A16z. Truefi is one of the few uncollateralized defi-based lending protocols in the … Read more

Genesis Report Highlights ‘Emerging Role’ of Ethereum and Defi in Q2 2021

Genesis Digital, a leading cryptocurrency trading, lending, and custody desk, released its Q2 reports, where it confirms what it calls the “emerging role” that Ethereum and defi have in the industry. The report also confirms that institutional interest in crypto is still rising despite the crash in prices the market experienced in Q2 2021. Genesis … Read more

Central Bank of Venezuela Announces ‘Digital Bolivar’ Redenomination Plan

The Central Bank of Venezuela announced the new redenomination plan for its fiat currency called “Digital Bolivar.” This new proposal seeks to simplify transactions by slashing six zeroes from the current value of the currency. While it is called digital, it has nothing to do with the proposal of a new central bank digital currency … Read more

Hip-Hop Star Megan Thee Stallion Creates ‘Bitcoin for Hotties’ Video to Educate Millions of Fans About Crypto

Award-winning hip-hop artist Megan Thee Stallion has published a video of herself explaining the basics of bitcoin, including what it is, why it is valuable, and how to obtain it. The famed rapper previously gave away $1 million in bitcoin to her fans in collaboration with Square’s Cash App. Famous Hip-Hop Star Breaks Down Bitcoin … Read more

NuGenesis Network Full Review (Part 2)

The blockchain ecosystem, that is taking the world of technology by storm We are living in a world of rapid change and innovation. Everything around us is changing at an exponential rate and it is shifting the world from one idea to another, not simply to engage and impress people, but to encourage them to … Read more

Binance US CEO Steps Down as the Crypto Exchange Faces Rising Regulatory Scrutiny

Former acting Comptroller of the Currency Brian Brooks has resigned as the CEO of Binance U.S. after just over three months. He cited “differences over strategic direction.” Meanwhile, Binance is facing regulatory scrutiny worldwide, including in the U.K., Malaysia, Japan, Cayman Islands, Hong Kong, Thailand, Germany, and Lithuania. CEO of Binance US Resigns The CEO … Read more