Boringdao Raises $1.4M: Project’s Tokenized BTC Bridge Backed by 200% Collateral

Boringdao Raises $1.4M: Project's Tokenized BTC Bridge Backed by 200% CollateralThere’s a new tokenized bitcoin project coming to the decentralized finance (defi) ecosystem that’s recently received $1.4 million from blockchain investors. The project called Boringdao, a decentralized bridge between Ethereum and alternative blockchains, plans to launch the company’s bBTC tunnel this month in order to introduce another tokenized bitcoin. On October 8, 2020, the Boringdao […]

The post Boringdao Raises $1.4M: Project’s Tokenized BTC Bridge Backed by 200% Collateral appeared first on Bitcoin News.

South African Investors to Lose $13 Million as Bitcoin Scammer Declared Bankrupt

South African Investors to Lose $13 Million as Bitcoin Scammer Declared BankruptA South African high court has declared an alleged bitcoin scam mastermind, Willie Breedt, bankrupt. The court decision follows an application by one disgruntled investor, Simon Dix, a News24 report states. Willie Breedt is the CEO of the defunct Vaultage Solutions (VS), the company at the center of the alleged cryptocurrency scam. According to South […]

The post South African Investors to Lose $13 Million as Bitcoin Scammer Declared Bankrupt appeared first on Bitcoin News.

Decentralized Finance Startup Focused on Bitcoin Cash Raises $1 Million for Expansion

Decentralized Finance Startup Focused on Bitcoin Cash Raises $1 Million for ExpansionOn May 7, the decentralized finance (defi) startup General Protocols revealed the team has raised over $1 million from investors. The creators of General Protocols have introduced innovative projects on the Bitcoin Cash network such as Anyhedge, and have also participated in helping forward the Bitcoin Cash Node (BCHN) project and Flipstarter.cash. The BCH community […]

The post Decentralized Finance Startup Focused on Bitcoin Cash Raises $1 Million for Expansion appeared first on Bitcoin News.