One-day: the DeFi YAM project that raised $ 76 million closed due to a bug

One-day: the DeFi YAM project that raised $ 76 million closed due to a bug

Cryptocurrency News

The DeFi YAM project, which only the day before yesterday raised $ 76 million in the sale of tokens, today announced its closure due to a critical error in the code. YAM Finance has excellently illustrated the risks of the explosive growth of the decentralized finance industry. In the best traditions of the “instant” ICO of 2017, on Tuesday, in just an hour, the project raised more than $ 76 million, despite the developers’ warnings…

Apollo Fintech introduces NPP platform for settlements in government cryptocurrencies

Apollo Fintech introduces NPP platform for settlements in government cryptocurrencies

Cryptocurrency News

The developers of the Apollo Fintech startup have presented the National Payment Platform (NPP) platform based on the blockchain, which will allow settlements with state cryptocurrencies. The developers explained that NPP is a cashless settlement system that central banks can use after issuing their own stablecoins. Government agencies will have the opportunity to interact with commercial banks and other financial institutions to conduct settlements in stable cryptocurrencies issued by central banks. The platform will allow…

Thailands SEC Issues Four Licenses to UpBit

Thailand’s SEC Issues Four Licenses to UpBit

Cryptocurrency News

South Korean cryptocurrency exchange UpBit has received four licenses from the Thailand Securities and Exchange Commission (SEC) to operate in the country. Due to uncertainties over the regulation of the cryptocurrency industry in South Korea, Upbit was forced to ban foreign traders from trading in fiat currencies. This was one of the reasons why the management of UpBit opened a new division in Thailand, having received regulatory approval. Thailand’s SEC has granted UpBit four licenses,…

Waves Enterprise Developers Release New Node 1.3

Waves Enterprise Developers Release New Node 1.3

Cryptocurrency News

Waves Enterprise developers have released a new version of node 1.3. Activating the update will expand the functionality of the main network and increase its performance by 30%. The new version of the site contains more than 20 improvements, but the developers have provided information only about the main changes. The v1.3 functionality allows you to run certain types of smart contracts in multiple threads, so they are executed in parallel. On average, this will…