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Hoskinsea is pleased to announce its token private sale. It is a marketplace for NFTs that runs on the Cardano network. ...
03/29/2022

Hoskinsea is pleased to announce its token private sale. It is a marketplace for NFTs that runs on the Cardano network. With Cardano, each transaction is fast and secure at scale, and the ability to trade across chains opens the door to a vibrant ecosystem of crypto assets and collectibles.

Hoksinsea has experienced a huge growth since its inception on the cardano network giving a sharp rise on the interest level from the crypto community. Hoskinsea just announced its Token private sale to early participants who will be among there lucky holders.

Hoskinsea allows any user to create a shop and list their own NFTs for sale under a fixed price or a revenue split with the marketplace. Users can buy from other users, or from shops on Hoskinsea marketplace.

Hoskinsea promotes artists and creators by providing them with a trustless marketplace to share their art. In the future, as the tagline “collectible as an artist” suggests, we hope that users will be able to have their own Dapps on the Cardano network where they can tokenise their physical artwork and sell digital certificates of authenticity.

$HSK Tokens has several uses on the Hoskinsea platform, which will benefit token holders. Hoskinsea aims to build a fully functional Decentralized NFT marketplace on the Cardano ecosystem.

HSK Token Holders Benefits

Purchase of NFT: HSK token holders can be able to purchase NFTs, collectibles and digital assets from Hoskinsea marketplace at a discounted price using HSK tokens.

Payment of Transaction Fees: Fees arising from NFT minting can be paid using HSK token making the procedure a swift process for token holders

Token Staking/Yield farming: HSK token holders can choose to stake their tokens on our staking platform to earn more tokens in rewards

Governance & Voting: HSK token holders will be made part of the decision-making process of issues that affect our Ecosystem. As such only holders of our token will be given the ability to vote on necessary decision-making process that will affect our ecosystem.

It is important to note that the amount degree of votes you can give and participation in said voting process will be dependent on the amount of token you hold.

Wombat Exchange , a hyper-efficient multichain stableswap backed by Binance, has successfully closed a $5.25 million Ser...
03/29/2022

Wombat Exchange , a hyper-efficient multichain stableswap backed by Binance, has successfully closed a $5.25 million Series A funding round led by Animoca Brands and Hailstone Ventures. Additional investors in the round included BNB Chain, TPS Capital, GSR, Zokyo, Lunar Station, Eureka Trading, Silverstone, Unanimous Capital, and CryptoWesearch.

With this latest round of funding, Wombat’s valuation has increased to $70 million since its seed round investment led by Binance Labs in November 2021. Capital from this round will accelerate Wombat’s product development and expansion.

“Wombat Exchange has put together a solid and experienced team to develop a stableswap that has the potential to significantly advance the growth of DeFi. We’re looking forward to seeing Wombat’s meaningful contribution to the BNB Chain and its adoption in the multichain world.”

– Yat Siu, Co-Founder & Executive Chairman of Animoca Brands.

“We were impressed by Wombat’s innovation, and we strongly believe in their contribution to the ecosystem. Their algorithm and solution are pioneering and will support the protocols that will shape the future of DeFi for the better.”

In the coming weeks, Britain will lay out a new plan for the regulation of the crypto industry, sources have revealed.Th...
03/29/2022

In the coming weeks, Britain will lay out a new plan for the regulation of the crypto industry, sources have revealed.
The announcement is set to be made by Finance Minister Rishi Sunak and will be focused on stablecoins.
Should they fail to register with the British regulator within the week, hundreds of crypto companies will be closed.
The regulations being prepared by the UK government are largely targeted at stablecoins. The nature of the asset class and its rapid growth worries the monetary authorities, as it could be used to destabilize the financial system and to evade the sanctions placed on Russia.

In charge of announcing the new regulatory regime is British Finance Minister Rishi Sunak, according to four sources familiar with the matter, as revealed to American network CNBC.

So far the details of the new regulatory plan are unknown. The sources, who wished to remain anonymous, noted that there is a favorable environment for the crypto industry. The goal of Britain’s regulatory bodies is to establish a regime that provides transparency in cryptocurrency trading.

Treasury officials are willing to coordinate actions with the main financial companies in the sector. The overall aim of the regulations is to better understand the complexity of the stablecoin market, the value of which is derived from existing fiat currencies, for example the U.S. dollar, the yen, or the Great British pound sterling itself.

The Exponential Growth of Stablecoins

Among the companies that the ministerial department has summoned to discuss the matter is Gemini, a cryptocurrency exchange which has its own stablecoin called the ‘Gemini dollar’, and is pegged to the U.S. dollar.

The growth of stablecoins in recent years has been extraordinary, following the trend of the cryptocurrency market at large. These digital assets have grown not only in number, but also in supply of currency. Tether, the world’s largest stablecoin, has risen from its valuation of $4 billion two years ago, to more than $80 billion today.

This exponential growth and rapid adoption has raised concerns among UK and global regulators, with the main concern being that they are not sufficiently backed in fiat currency to cover the number of tokens issued.

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