What happened to the $60 million raised by this DeFi project with a dog theme?
An investor allegedly lost $470,000 to a dog-inspired DeFi project. In an interview with CNBC, the investor admitted. AnubisDAO , the project in question, raised $60 million with its ANKH token sale. However, a deeper examination of the community reveals that the full $60 million in cash has vanished. The decentralized autonomous organization (DAO) was […]
Tokens.com Releases The First Publicly Traded DeFi And Metaverse Investment Company
Tokens.com is a new website that aims to connect public market investors with blockchain investments via DeFi tokens like BNB and DOT, as well as NFT-based cryptocurrencies. The approval of the ProShares Bitcoin Strategy ETF on the NASDAQ last week was significant for the cryptocurrency markets, bridging yet another gap for investors between the legacy […]
THORChain concludes two security audits following summer attacks
THORChain has fully recovered from two summer attacks that exposed millions of dollars in user funds, as announced on Thursday. THORChain was able to establish a five-step recovery plan as a result of the concurrent audits conducted by cybersecurity firms Trail and Bits and Halborn. Contributors to THORChain report that the protocol is now fully […]
Updated FATF Guidelines on Crypto, Defi, and NFTs are now available
The Financial Action Task Force (FATF), a worldwide anti-money laundering watchdog, has modified its crypto market standards. The final recommendations improve on the draft guidelines provided earlier and provide additional clarity. The guidelines place a particular emphasis on how authorities should approach new markets like NFT and Defi. “Countries should not apply their definition based […]
Ankr launches a $10 million fund to boost the growth of DeFi and Web3
The protocol for the blockchain Ankr V2, a decentralized web service (DWS) gateway for Web3 development, was released today, allowing developers to create multi-chain systems, goods, and services. Ankr also stated that over the next two years, it will give more than $10 million in grants to support the development of a distributed supercomputer and […]