The Fantom Foundation reported that the Singapore High Court instructed Multichain to compensate it. Fantom plans to seek liquidation through the court to retrieve community assets, which include around $65 million in stablecoins that are currently frozen. Following the latest legal triumph, the platform anticipates the Singaporean court to designate a liquidator to evaluate the...Read More
Back in June of 2023, the Fantom Foundation held a vote to determine whether the network should maintain its minimum staked token requirement at 500k FTM tokens or slash it by 90% in a bid to increase the spread of the ecosystem. The change had first been proposed in February 2022 but wasn’t voted on...Read More
The Fantom Foundation has been drained of hundreds of millions of dollars from its crypto wallets by a phishing scammer, according to blockchain security firm CertiK. Fantom is a smart contract and Dapp platform focused on enhanced speed, making transactions more efficient than other layer-one blockchains like Ethereum. Tuesday’s hack affects only the Fantom Foundation...Read More
Andre Cronje took to Medium to outline plans for Fantom’s development in the next quarters. As the next step in a successful career at Yearn.finance and other ecosystems, Andre Cronje has stepped up as a board member of both Fantom Operations Ltd and Fantom Foundation Ltd. Bear Markets Are Not An Issue The move was...Read More
Andre Cronje – the so-called “Vice President of Memes” for the Fantom Foundation – provided an insider’s view into how the company has remained cash-flow positive across the past 4 years. The developer noted that the foundation would “likely not be operational today” without decentralized finance (DeFi), and suspects the same is true for other...Read More
As per the press release shared with CryptoPotato, 1inch Network announced the expansion of the 1inch Aggregation Protocol and the 1inch Limit Order Protocol on Fantom. The move will help users access deeper liquidity and more alternatives for efficient and cheap swaps. Expansion to Fantom With 1inch’s expansion on the scalable, EVM-compatible Layer 1 blockchain...Read More
Fantom Foundation (FantomFDN) – a blockchain platform for DeFi, cryptocurrency dApps, and enterprise applications – designed a stablecoin called USDB. The product’s landscape encompasses Bridge, Traditional Finance, Staking, xFHM, Mint USDB, and USDBank. Details Around USDB The team behind USDB surmised the highlights from its latest event on Twitter. One of the details includes the...Read More
Fantom price is up over 21% today, making it the biggest gainer on Crypto.com. With a 24-hour trading volume of $1.76 billion and a market cap of $7.36 billion, Fantom is a significant player in the crypto space. Let’s look at Fantom and its token FTM and see why the price is rising. What Is...Read More
