Blockchain Technologies is the latest firm to join the list of defaulted crypto firms; Stan launched a new NFT platform that offers benefits such as Instagram shout-outs, talk shows and meetings to NFT holders. In addition, Uniswap has joined StarkNet; now the decentralized central will be more easily accessible on StarkNert, the faster and cheaper version of the Ethereum network.
TrueFi
Blockchain Technologies, a crypto and Web3 investment company, defaulted on a loan of Binance USD stablecoin worth $3.4 million provided by TrueFi, a DeFi lending protocol.
The DeFi lending protocol announced on Sunday that Blockchain Technologies, a South Korean firm, has been served a “Notice of Default” when it missed a scheduled payment.
Blockchain Technologies is now the latest addition to the list of crypto firms that have defaulted on loans this year, such as Voyager, Celsius and Three Arrow Capital. Initially, TrueFi tried to work on an out-of-court settlement with Blockchain technologies, but then decided that a court-supervised debt collection would be in the best interest of the stakeholders involved.
Stan launches the NFT platform
Stan, a Bengaluru-based firm, has launched a new NFT (Non-Fungible Tokens) platform. The platform will showcase NFTs and Limited Digital Collectibles (LDC) Collection, created in collaboration with more than 50 well-known game creators and e-sports players in India.
Stan will launch more NFT drops in the app and NFT sales for each signed creator. By purchasing an NFT, the buyer will be eligible to access a number of benefits such as Instagram shout-outs, talk shows, meetups, playing a match with a creator live on stream, access to the Creators’ Guild, personal messages from the athlete/creator , and many more! Furthermore, these NFTs can be withdrawn, sold or traded on NFT marketplaces such as OpenSea.
Uniswap is launched on StarNet
Nethermind, an Ethereum development company, has unveiled the “transpired and compiled” decentralized exchange (DEX) Uniswap v3 on “Warp” – a project intended to allow Ethereum users to exchange tokens on StarkNet. This Ethereum layer-2 solution is faster and cheaper than the main network.
“We will continue to work hard on features and repeat this experiment with a few other protocols, bringing new protocols to StarkNet at warp speed.” Said the Nethermind community in a blog post.
Draper Labs bans Russian accounts
After the European Union (EU) imposed additional sanctions on Russia and its citizens, Flow blockchain developers Dapper Labs blocked all Russian accounts.
“It is now prohibited to provide wallet, account or custody services for crypto-assets of any value to accounts with connections to Russia, regardless of wallet size.” Draper Labs said in a press release.
Russian users affected by the partial suspension will not be able to buy, sell or give away digital collectibles. Additionally, they will not be able to withdraw fiat currency or make purchases using existing balances in their Dapper accounts.
