South Korean exchange UPbit affirmed that the Digital Asset Exchange Association (DAXA) removed investment warnings on WAVES and KAVA and resumed deposits for these assets, according to a May 23 statement. DAXA issued warnings about WAVES and KAVA last year when stablecoins linked to them were discovered to be “not normally linked to 1 dollar”….
Kava adds EVM support to the network with Ethereum co-chain alpha launch
Kava recently announced a successful Ethereum co-chain alpha launch that added EVM developer support to the network. The open-source Layer 1 blockchain launched strongly in 2019 by winning the Binance Launchpad Project of the Year Award for its potential to stir up the blockchain industry. Over 15 protocols will be deploying to the closed testnet…
Kava announces $185 million DeFi fund following similar moves by Fantom, Algorand
Eager to scale decentralized finance (DeFi) for mainstream adoption, the cross-chain platform Kava, which counts three protocols, $2,1 billion in assets on-chain, and over 280 thousand users, is ready to expand. The platform’s developers, Kava Labs, recently announced kickstarting its next phase of growth with the launch of the Kava Ecosystem. The announcement revealed that…