Steem(STEEM)

The blockchain landscape witnessed a major development on January 16 as Cronos Labs unveiled the third cohort of its esteemed ‘Cronos Accelerator Program’.

$COQ INU, recognized as the meme coin affiliated with the Chad chain and constructed on AVAX, has witnessed a surge to a new all-time high (ATH). The coin, supported by esteemed members of the community, strategically placed the entire coin supply, totaling 150 AVAX, into initial liquidity. Notably, the contract […]

In a rapid ascent akin to its meme-themed roots, Solana’s latest meme token, BONK, has catapulted to prominence, witnessing an unprecedented 100% surge across esteemed cryptocurrency exchanges.

Aptos (APT), a top altcoin in the crypto space, is causing disturbances with its recent revelation of a strategic partnership with Alibaba Cloud, the computing and storage arm of the esteemed Chinese e-commerce giant Alibaba. In a recent official release, the collaboration’s core center is around supporting Web3 talent and enriching accessibility across the Asia-Pacific […]

Amidst this anticipation, recent reports from esteemed data analytics platforms have set the crypto community abuzz, predicting a staggering $1 trillion market cap for crypto majors like Bitcoin, XRP, Ether, Solana, Cardano, and Shiba Inu if spot ETFs receive the green light.

TrustSwap, a leading blockchain technology and cryptocurrency company, is thrilled to announce the addition of Claude Eguienta to its esteemed Board of Directors.

Dubai, September 29, 2023 – The eagerly awaited World of WEB3 Summit Dubai, also known as WOW SUMMIT Dubai 2023, is poised to make a significant impact globally.

The NFT platform Recur has shut down operations despite raising $50 million and having support from industry bigwigs. Big-Name Partnerships Fade Away Despite its initial promising trajectory and significant partnerships, NFT startup Recur has made the disheartening announcement that its Web3 platform is shutting down. The platform's inability to withstand the challenges of the crypto winter has led to this unexpected decision. Recur had set sail with grand ambitions, boasting partnerships with iconic brands such as Hello Kitty and Nickelodeon. However, the cold winds of the crypto winter have taken a toll on the platform's sustainability. The firm acknowledged that its core features would gradually phase out over the coming months, including the withdrawal of NFTs, cashing out stablecoin balances, and trading collectibles on Recur-hosted marketplaces. A Shift In The NFT Space Established in 2021, Recur positioned itself as a provider of Web3 "building blocks" for businesses, enabling the creation of in-game assets, loyalty programs, and digital collectibles through NFTs. However, Recur's fate is not unique, as the broader NFT space witnessed the closure of companies like Nifty, which had also secured partnerships with big media titles. With over 380,000 minted NFTs, Recur is working to ensure the legacy of these digital collectibles. The company plans to migrate metadata and media for its NFTs to the InterPlanetary File System (IPFS), a decentralized file-sharing network. Additionally, other assets will be hosted on Filecoin's network, indicating Recur's commitment to maintaining the digital artifacts it helped create. A Shift In Value Recur's journey included milestones like the Recur Pass, which was initially sold as an NFT for $300 and granted holders early access to NFT drops. Despite an impressive early sale of a Recur Pass for $88,888, current prices reflect a stark contrast, with the cheapest pass listed on OpenSea for 0.001 ETH (about $1.69). Recur had garnered notable attention with a $50 million Series A funding round in late 2021, valuing the company at $333 million. Esteemed investors like Gary Vaynerchuk, the Winklevoss twins, and Ethereum co-founder Joe Lubin participated in an earlier $5 million seed funding round. Despite the initial momentum, Recur's journey underscores the volatility and challenges inherent in the NFT landscape. In conclusion, Recur's announcement to shut down its Web3 platform serves as a sobering reminder of the challenges faced by NFT-focused companies in the ever-evolving crypto space. The dissolution of big-name partnerships and the necessity to adapt to changing market dynamics highlight the fragility of even the most promising ventures. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The NFT platform Recur has shut down operations despite raising $50 million and having support from industry bigwigs. Big-Name Partnerships Fade Away Despite its initial promising trajectory and significant partnerships, NFT startup Recur has made the disheartening announcement that its Web3 platform is shutting down. The platform's inability to withstand the challenges of the crypto winter has led to this unexpected decision. Recur had set sail with grand ambitions, boasting partnerships with iconic brands such as Hello Kitty and Nickelodeon. However, the cold winds of the crypto winter have taken a toll on the platform's sustainability. The firm acknowledged that its core features would gradually phase out over the coming months, including the withdrawal of NFTs, cashing out stablecoin balances, and trading collectibles on Recur-hosted marketplaces. A Shift In The NFT Space Established in 2021, Recur positioned itself as a provider of Web3 "building blocks" for businesses, enabling the creation of in-game assets, loyalty programs, and digital collectibles through NFTs. However, Recur's fate is not unique, as the broader NFT space witnessed the closure of companies like Nifty, which had also secured partnerships with big media titles. With over 380,000 minted NFTs, Recur is working to ensure the legacy of these digital collectibles. The company plans to migrate metadata and media for its NFTs to the InterPlanetary File System (IPFS), a decentralized file-sharing network. Additionally, other assets will be hosted on Filecoin's network, indicating Recur's commitment to maintaining the digital artifacts it helped create. A Shift In Value Recur's journey included milestones like the Recur Pass, which was initially sold as an NFT for $300 and granted holders early access to NFT drops. Despite an impressive early sale of a Recur Pass for $88,888, current prices reflect a stark contrast, with the cheapest pass listed on OpenSea for 0.001 ETH (about $1.69). Recur had garnered notable attention with a $50 million Series A funding round in late 2021, valuing the company at $333 million. Esteemed investors like Gary Vaynerchuk, the Winklevoss twins, and Ethereum co-founder Joe Lubin participated in an earlier $5 million seed funding round. Despite the initial momentum, Recur's journey underscores the volatility and challenges inherent in the NFT landscape. In conclusion, Recur's announcement to shut down its Web3 platform serves as a sobering reminder of the challenges faced by NFT-focused companies in the ever-evolving crypto space. The dissolution of big-name partnerships and the necessity to adapt to changing market dynamics highlight the fragility of even the most promising ventures. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

A phishing site has seized control of the Terra website, leading the site developers to sound the alarm and eventually freeze the Terra.money website. Terra.money Now Phishing Site Over the weekend, the Terra.money website fell under the control of hackers who were using the site to launch phishing attacks on whatever users were left on the platform. Kiruse, an esteemed web3 developer at Terra, took to Twitter to sound the alarm about this phishing site that's masquerading as the authentic Terra website. The site's sinister objective revolves around duping unsuspecting users into divulging their highly sensitive and confidential information. The domain in question, terra(dot)money, is presently under intense scrutiny due to its alleged involvement in this phishing endeavor. The perpetrators manipulated the website to pilfer sensitive user data, employing tactics that led users to unwittingly reveal their seed phrases, putting both cryptographic keys and funds in severe jeopardy. Alerts and Precautions Terra's response was swift. On August 19, the platform issued a stern warning against engaging with any site under the Terra money domain. This caution was reiterated the very next day, on August 20. Further efforts to bolster safety and security came from Station Wallet on August 21, advising users to steer clear of the Station desktop and mobile apps until their safety can be ensured. The team has also issued a strict directive for users: rely solely on the official communication channels—namely X (Twitter), Discord, and Telegram. This strategic move is aimed at ensuring that users receive authentic and trustworthy information during this period of uncertainty. Temporary Shutdown And Road Ahead In a bid to fend off these phishing scams, the Layer-1 blockchain Terra took the proactive step of temporarily shutting down its website. The team released an official statement on X, "The terra(dot)money domains have successfully been frozen to prevent further user phishing scams, but a full resolution is still underway. Our team has been working around the clock to rectify this issue, but we’ve encountered delays with some third-party responses.” Terra is still recovering from the devastating crash of the Terra/LUNA ecosystem last year. The company is desperately attempting to rebuild its reputation by replacing CEO Do Kwon, who was arrested and then released on bail. Furthermore, news of undisclosed wallets containing $160 million worth of digital assets belonging to Do Kwon has not helped his case. It remains to be seen if the Terra team is able to deal with the new phishing attack on top of its existing troubles. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

A phishing site has seized control of the Terra website, leading the site developers to sound the alarm and eventually freeze the Terra.money website. Terra.money Now Phishing Site Over the weekend, the Terra.money website fell under the control of hackers who were using the site to launch phishing attacks on whatever users were left on the platform. Kiruse, an esteemed web3 developer at Terra, took to Twitter to sound the alarm about this phishing site that's masquerading as the authentic Terra website. The site's sinister objective revolves around duping unsuspecting users into divulging their highly sensitive and confidential information. The domain in question, terra(dot)money, is presently under intense scrutiny due to its alleged involvement in this phishing endeavor. The perpetrators manipulated the website to pilfer sensitive user data, employing tactics that led users to unwittingly reveal their seed phrases, putting both cryptographic keys and funds in severe jeopardy. Alerts and Precautions Terra's response was swift. On August 19, the platform issued a stern warning against engaging with any site under the Terra money domain. This caution was reiterated the very next day, on August 20. Further efforts to bolster safety and security came from Station Wallet on August 21, advising users to steer clear of the Station desktop and mobile apps until their safety can be ensured. The team has also issued a strict directive for users: rely solely on the official communication channels—namely X (Twitter), Discord, and Telegram. This strategic move is aimed at ensuring that users receive authentic and trustworthy information during this period of uncertainty. Temporary Shutdown And Road Ahead In a bid to fend off these phishing scams, the Layer-1 blockchain Terra took the proactive step of temporarily shutting down its website. The team released an official statement on X, "The terra(dot)money domains have successfully been frozen to prevent further user phishing scams, but a full resolution is still underway. Our team has been working around the clock to rectify this issue, but we’ve encountered delays with some third-party responses.” Terra is still recovering from the devastating crash of the Terra/LUNA ecosystem last year. The company is desperately attempting to rebuild its reputation by replacing CEO Do Kwon, who was arrested and then released on bail. Furthermore, news of undisclosed wallets containing $160 million worth of digital assets belonging to Do Kwon has not helped his case. It remains to be seen if the Terra team is able to deal with the new phishing attack on top of its existing troubles. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

According to LBank's latest announcement: https://support.lbank.com/hc/en-gb/articles/22061348602521 Amsterdam-based cryptocurrency exchange Finst announces the successful release of its Proof of Reserves (PoR) conducted by a reputable and independent audit firm Finst’s extensive Proof of Reserves audit is a first-of-its-kind, aiming to address the limitations of traditional PoR and set higher transparency standards in the crypto industry The audit, which will be renewed at least every 6 months, confirmed that Finst holds its clients’ assets on a full reserve basis (1:1) and has implemented an effective segregation of assets. As a crypto investor, getting access to reliable insights into an exchange’s reserves and overall safety should be the norm. 8 months only after its launch,Finstbecomes the first and only Dutch cryptocurrency platform to unveil an extensive Proof of Reserves audit conducted by AuditNow, a reputable and independent Dutch audit firm. The audit was skillfully led by AuditNow’s CEO, Daniël Waknine, a distinguished member of the World Compliance Association who has previously been collaborating with esteemed institutions such as BNP Paribas and ING holding. As part of its Proof of Reserves audit, Finst has developed a comprehensive framework which provides full transparency on its structure, operations, assets, liabilities, business activities and overallsafety. Challenging traditional Proof of Reserves limitations Traditional Proof of Reserves audits merely focus on an exchange’s on chain holdings, with a scope often being limited to certain crypto assets, thus excluding the cash reserves of an exchange and its liabilities. Besides, traditional PoR audits do not verify whether an exchange has an effective segregation of assets in place, which is key in providing maximum safety as it prevents commingling of assets. Julien Vallet, CEO & co-founder, commented:“Our analysis of various Proof of Reserves (PoR) statements highlighted a need for greater clarity in this area. Traditional PoR tend to leave important questions unanswered for investors, which is why we decided to develop a new standard which goes far beyond the verification of on-chain holdings.” The outcome of Finst’s Proof of Reserves audit The results of this thorough and independent audit confirmed that Finst holds the entirety of its clients’ assets on a full reserve basis (1:1) and has an effective segregation of assets in place through a bankruptcy-remote vehicle. Additionally, the audit verified the following key points: Finst has policies and procedures in place to correctly safeguard its clients’ assets The designated roles and responsibilities in the safeguarding procedures are fulfilled A strict restriction of assets transfers to designated senior management employees is enforced Clients’ assets are held in a bank account and wallets through a bankruptcy-remote vehicle, without any possibility of commingling funds All clients’ assets have been acquired through users’ deposits, without the use of any loans There is no transfer or use of clients’ assets by any third party Clients’ assets are fully available, with a maximum time frame of 2 days Finst’s collateralization rate is >100% for all coins listed on its platform All cryptocurrencies listed on Finst’s platform have been included in the audit scope The exchange also confirmed that it will renew its comprehensive Proof of Reserves audit at least every 6 months to ensure continuous and transparent information for its clients. Julien Vallet, added:“Cryptocurrency investors rightfully deserve to know how well they are protected, especially in the wake of recent global exchanges collapses. We were surprised to see that no Dutch crypto platform has ever released a Proof of Reserves, and we firmly believe that this should become a standard practice. We extend an open invitation to all crypto platforms to join us in embracing this vital initiative so that we can collectively enhance the transparency and safety of the entire industry.” To learn more, pleaseread the Proof of Reserves statement (EN). About Finst Finst is the fastest-growing cryptocurrency exchange in The Netherlands and offers a best-in-class investment platform together with institutional-grade security standards and 82% lower trading fees. Finst is led by the ex-core team of DEGIRO and is registered as a Crypto Service Provider with De Nederlandsche Bank (DNB). Finst aims to become the largest and most trusted cryptocurrency platform in Europe by enabling retail investors to benefit from the same opportunities and tools as professional traders. For more information visitwww.finst.com.

According to LBank's latest announcement: https://support.lbank.com/hc/en-gb/articles/22061348602521 Amsterdam-based cryptocurrency exchange Finst announces the successful release of its Proof of Reserves (PoR) conducted by a reputable and independent audit firm Finst’s extensive Proof of Reserves audit is a first-of-its-kind, aiming to address the limitations of traditional PoR and set higher transparency standards in the crypto industry The audit, which will be renewed at least every 6 months, confirmed that Finst holds its clients’ assets on a full reserve basis (1:1) and has implemented an effective segregation of assets. As a crypto investor, getting access to reliable insights into an exchange’s reserves and overall safety should be the norm. 8 months only after its launch,Finstbecomes the first and only Dutch cryptocurrency platform to unveil an extensive Proof of Reserves audit conducted by AuditNow, a reputable and independent Dutch audit firm. The audit was skillfully led by AuditNow’s CEO, Daniël Waknine, a distinguished member of the World Compliance Association who has previously been collaborating with esteemed institutions such as BNP Paribas and ING holding. As part of its Proof of Reserves audit, Finst has developed a comprehensive framework which provides full transparency on its structure, operations, assets, liabilities, business activities and overallsafety. Challenging traditional Proof of Reserves limitations Traditional Proof of Reserves audits merely focus on an exchange’s on chain holdings, with a scope often being limited to certain crypto assets, thus excluding the cash reserves of an exchange and its liabilities. Besides, traditional PoR audits do not verify whether an exchange has an effective segregation of assets in place, which is key in providing maximum safety as it prevents commingling of assets. Julien Vallet, CEO & co-founder, commented:“Our analysis of various Proof of Reserves (PoR) statements highlighted a need for greater clarity in this area. Traditional PoR tend to leave important questions unanswered for investors, which is why we decided to develop a new standard which goes far beyond the verification of on-chain holdings.” The outcome of Finst’s Proof of Reserves audit The results of this thorough and independent audit confirmed that Finst holds the entirety of its clients’ assets on a full reserve basis (1:1) and has an effective segregation of assets in place through a bankruptcy-remote vehicle. Additionally, the audit verified the following key points: Finst has policies and procedures in place to correctly safeguard its clients’ assets The designated roles and responsibilities in the safeguarding procedures are fulfilled A strict restriction of assets transfers to designated senior management employees is enforced Clients’ assets are held in a bank account and wallets through a bankruptcy-remote vehicle, without any possibility of commingling funds All clients’ assets have been acquired through users’ deposits, without the use of any loans There is no transfer or use of clients’ assets by any third party Clients’ assets are fully available, with a maximum time frame of 2 days Finst’s collateralization rate is >100% for all coins listed on its platform All cryptocurrencies listed on Finst’s platform have been included in the audit scope The exchange also confirmed that it will renew its comprehensive Proof of Reserves audit at least every 6 months to ensure continuous and transparent information for its clients. Julien Vallet, added:“Cryptocurrency investors rightfully deserve to know how well they are protected, especially in the wake of recent global exchanges collapses. We were surprised to see that no Dutch crypto platform has ever released a Proof of Reserves, and we firmly believe that this should become a standard practice. We extend an open invitation to all crypto platforms to join us in embracing this vital initiative so that we can collectively enhance the transparency and safety of the entire industry.” To learn more, pleaseread the Proof of Reserves statement (EN). About Finst Finst is the fastest-growing cryptocurrency exchange in The Netherlands and offers a best-in-class investment platform together with institutional-grade security standards and 82% lower trading fees. Finst is led by the ex-core team of DEGIRO and is registered as a Crypto Service Provider with De Nederlandsche Bank (DNB). Finst aims to become the largest and most trusted cryptocurrency platform in Europe by enabling retail investors to benefit from the same opportunities and tools as professional traders. For more information visitwww.finst.com.

San Francisco, California, August 21st, 2023, Chainwire Momentum Capital, a pioneering crypto-native fund headquartered in the vibrant heart of the San Francisco Bay Area, proudly announces a significant and pivotal achievement: the successful acquisition of a $10 million investment from Canada’s esteemed BM Fund. This remarkable infusion of capital, secured in July 2023, stands as a resounding testament to Momentum Capital’s exceptional capabilities, even amidst the challenges of dynamic market conditions. Carmen, the visionary Founder of BM Fund, lauds Momentum Capital’s impressive track record, asserting, “Our decision to invest in Momentum Capital during bear markets underscores their unparalleled proficiency.” Momentum Capital’s unwavering commitment during the most volatile market phases epitomizes their resolute dedication and formidable expertise. The firm’s adept navigation of challenging market conditions is palpable in its strategic partnership with the distinguished BM Fund, further validating the trust that investors place in Momentum Capital’s strategic acumen. Looking ahead to the countercyclical phase, Momentum Capital remains strategically poised to amplify its focus and capitalize on forthcoming opportunities. With an impeccable history of successful collaborations and an unblemished track record, the firm’s unwavering commitment to professionalism, a seasoned team, and a history of fruitful partnerships underscores its unparalleled mastery. The newly procured capital will be strategically allocated to further amplify team expansion and catalyze early-stage Web3 projects, thereby reinforcing Momentum Capital’s formidable stance within the dynamic crypto investment landscape. Since its inception, Momentum Capital has emerged as a dynamic powerhouse within the crypto realm, boasting a seasoned team of veterans and pioneers in the industry. This collective wealth of experience further solidifies the firm’s credibility and underscores its well-earned reputation. Gary, the accomplished Managing Partner of Momentum Capital, lucidly outlines the fund’s strategic path, accentuating its enduring commitment. “Momentum Capital’s dedication remains steadfast across the ebbs and flows of market cycles, as we remain devoted to investing in and nurturing Web3 projects of intrinsic value. As we navigate the currents of the market in the next six to twelve months, our focus will extend to authentically nurturing global builders, with a keen emphasis on Web3 infrastructure, regional Web3 opportunities, and groundbreaking Web3 applications.” For further information, kindly visit the official Momentum Capital website at https://mt.capital/. Connect with us on: Telegram: https://t.me/mtcapital_official Twitter: https://twitter.com/MTCapital_US Medium: https://medium.com/@MTCapital_US/subscribe LinkedIn: https://www.linkedin.com/company/mtcapitalus/ Discord: https://discord.gg/vhrcSJ2v

According to research, more than 23% of global crypto users use Coinbase for their transactions. While the Security and Exchange Commission (SEC) threatens Coinbase’s operation in the US, the digital platform is highly esteemed by investors who want to maximize profits with new generational cryptos like InQubeta (QUBE). According to crypto experts, next-generation wealth awaits […]

The United States Federal Open Market Committee (FOMC) recently raised interest rates by a quarter percentage point. This move was taken to counter the effect of inflation on the world’s financial markets. Esteemed crypto analysts have projected that this rate hike could adversely affect several cryptos in the decentralized finance (DeFi) market, but others, like […]

[PRESS RELEASE – Mahe, Seychelles, July 18th, 2023] We are thrilled to announce that $TET, the top-performing token on Uniswap, has been listed on the esteemed MEXC Exchange. This listing represents a significant milestone for the Tectum project and opens up exciting opportunities for investors and traders worldwide. The highly anticipated listing on MEXC Exchange […]

From Steemit and LBRY to Ujo Music and SuperRare, discover how blockchain technology empowers content creators in the digital age.

[PRESS RELEASE – Please Read Disclaimer] Stavanger, Norway – 28 June 2023 – Gateway.fm, the first truly decentralized blockchain infrastructure node provider, has announced a strategic partnership with next generation EVM blockchain LUKSO. Gateway.fm will provide public RPC endpoints for the LUKSO Testnet and Mainnet. LUKSO was co-founded by esteemed blockchain veterans Marjorie Hernandez and […]