Near Foundation Financial News

13.06 / 15:51

Funding Near Foundation Near Foundation Spins out Nuffle Labs and Raising $13M Funding

The Swiss not-for-profit organization behind the NEAR Protocol, NEAR Foundation, has launched a new modular product suite to form Nuffle Labs. raising $13 million in funding.

27.03 / 19:05

NEAR Multichain Near Foundation Near Foundation Introduces Chain Signatures and Multichain Transactions

The Near Foundation, which supports the Layer 1 Near Protocol, has announced that it now supports chain signatures. This advancement allows users to access multiple chains using their Near account, enhancing interoperability and user experience.

11.01 / 16:41

Near Foundation Near Foundation To Reduce Workforce By 40%

Non-profit organization Near Foundation has announced that it will reduce its workforce by approximately 40%.

19.11 / 18:15

CEO USDT Assurant Redemptions Near Foundation Wintermute Accuses Near Foundation and Aurora Labs of Failing to Honor USN Redemptions

Wintermute, in an unexpected public disclosure, has raised a serious allegation against the Near Foundation (NF) and Aurora Labs regarding the redemption process of the USN stablecoin. In a series of tweets, Wintermute's CEO, Evgeny Gaevoy, criticized the entities for not honoring their public and private commitments to redeem USN tokens for USDT, leading to substantial financial repercussions for Wintermute and possibly setting a detrimental industry precedent.

08.11 / 07:09

CEO Action Wintermute NEAR Near Foundation Wintermute Considers Legal Action as NEAR Foundation Refuses Redemption of $11.2 Million USN Stablecoin

Crypto market maker Wintermute is considering legal action after the NEAR Foundation and Aurora allegedly failed to honor an agreement to convert $11.2 million worth of USN stablecoins.

21.09 / 15:03

Blockchain defi Altcoin Near Foundation Near Foundation CEO Marieke Flement resigns

Marieke Flament, CEO of Near Foundation, the developer of the namesake community layer-one protocol, has resigned.

11.07 / 18:15

Blockchain Adoption defi Near Foundation Near Foundation treasury drops to $900M as token price plunges

At the end of Q2 2023, layer-one blockchain Near Protocol's (NEAR) treasury had declined to $900 million, led by a fall in the price of NEAR tokens from $1.99 to $1.38 apiece.

26.06 / 09:35

Adoption NEAR boost Near Foundation NEAR Foundation and Alibaba Cloud Join Forces to Boost Web3 Development in Asia

NEAR Foundation, a non-profit organization responsible for developing the NEAR protocol, has partnered with Alibaba Cloud to facilitate the growth of Web3 in Asia and the Middle East.

25.10 / 12:45

business Stablecoin Altcoin bail Near Foundation Near Foundation sets up $40M fund to bail out USN investors in case of collapse

Near Protocol’s in-house stablecoin, USN, recently became undercollateralized, forcing Near Foundation to recommend winding down USN to prevent a situation similar to the Terra (LUNA) and UST collapse. Supporting this move, the Near Foundation opened up a $40 million fund to protect investors and help them cash out of USN with equal amounts of wrapped Tether (USDT.e).

09.05 / 15:05

Blockchain Citi Dreams Continental Near Foundation NEAR Foundation launches Kenyan blockchain hub

The hub will be dedicated to ongoing blockchain innovation, education and talent development throughout the African continent. Kevin Imani, founder of Sankore, will lead the hub, which will be comprised of events, an academy, an incubation program, and the Sankore Bounty ecosystem. Outside of Nairobi, NEAR will also be working in lesser-known cities in Kenya where no other Layer 1 blockchain has an established presence as yet.

21.04 / 17:11

business Blockchain Adoption Near Foundation More institutions are looking to invest in crypto, says NEAR Foundation CEO

Cointelegraph’s Joseph Hall interviewed Marieke Flament, the CEO of NEAR Foundation at the Paris Blockchain Week Sumit (PWBS) last week, discussing a range of topics including how institutional investors are trying to understand how they can participate in the crypto space.

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