The newest company to join the list of defaulted cryptocurrency companies is Blockchain Technologies; Stan has created a new NFT platform that rewards NFT holders with benefits like Instagram shout-outs, talk shows, and meet-ups. The decentralised exchange will now be simpler to access on StarkNert, the quicker and less expensive version of the Ethereum network, thanks to Uniswap’s entry into the StarkNet.
A “Notice of Default” was sent to South Korean company Blockchain Technologies on Sunday after they failed to make a scheduled payment, according to the DeFi lending protocol.
TrueFi Blockchain Technologies, a crypto and Web3 investment company, missed payments on a $3.4 million loan of Binance USD stablecoin made via TrueFi, a DeFi lending protocol.
The list of cryptocurrency companies that have missed payments on loans this year now includes Blockchain Technologies in addition to Voyager, Celsius, and Three Arrow Capital. TrueFi initially attempted to settle the dispute outside of court using Blockchain technology, but ultimately decided that a court-supervised debt collection would be in the best interests of all parties involved.
A new Non-Fungible Tokens (NFT) platform has been introduced by the Bengaluru-based company Stan. The portal will display NFTs and Limited Digital Collectibles’ (LDC) Collection, which was produced in association with more than 50 renowned Indian esports competitors and game developers.
Stan Introduces the NFT Platform
For each signed creative, Stan will start a number of in-app NFT drops and NFT sales. The purchaser of an NFT would be qualified to receive a number of benefits, including Instagram shout-outs, appearances on talk shows, meetups, play-a-match opportunities with creators live on stream, admission to the Creators’ Guild, personalised greetings from the athlete/creator, and much more! These NFTs can also be bought, sold, or exchanged through NFT exchanges like OpenSea.
In order to enable Ethereum users to exchange tokens on the StarkNet, Nethermind, an Ethereum development company, has launched the “transpired and compiled” decentralised exchange (DEX) Uniswap v3 on “Warp.” Compared to the main network, this Ethereum layer-2 solution is quicker and less expensive.
“We’ll keep putting in a lot of effort on features and do this experiment again with a few other protocols, introducing new protocols to StarkNet at warp speed,” said the team. in a blog post, the Nethermind community. Draper Labs blocks accounts from Russia
Dapper Labs, the company that developed the Flow blockchain, suspended all Russian accounts after the European Union (EU) imposed further sanctions against Russia and its residents. “Irrespective of the wallet’s value, it is now banned to provide crypto-asset wallet, account, or custody services of any value to accounts with connections to Russia.” in a press release, Draper Labs.
The partial suspension will prevent impacted Russian users from purchasing, selling, or giving away digital collectibles. Additionally, they won’t be able to use their existing Dapper account balances to make purchases or withdraw fiat money.
News Summary:
- Blockchain Technologies Fails To Repay $3.4 Million Loan; Stan Launches NFT Platform; Outlook Money; Blockchain; DeFi; TrueFi; Binance; Loans; Blockchain
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