For several months, the use of the first cryptocurrency in El Salvador did not take on a mass character. This is evidenced by the data of a representative survey American organization National Bureau of Economic Research. Law recognizing bitcoin as an official means of payment in the country entered into force on September 7, 2021. Citizens...
San Francisco-based DEX infrastructure provider 0x Labs has raised $70 million in a Series B funding round led by Greylock Partners. As the trusted exchange infrastructure for the internet, @0xProject has enabled $157B+ in tokenized value to flow across 43M+ trades on major blockchains. We @greylockVC are thrilled to lead the Series B. More from @saranormous...
The Hong Kong division of the financial giant Standard Chartered has bought a piece of virtual land in the metaverse The Sandbox to explore the possibilities of a new space. According to statement, Standard Chartered Bank (Hong Kong) Limited (SCBHK) became the first land-owning bank in the Mega-City area of the virtual world. The latter is...
Investment company Dragonfly Capital has opened a new venture capital fund with a capital of $650 million. Gm anons! We're launching Dragonfly Fund III, a $650M crypto venture fund—our largest fund ever. With this new fund, we'll be be backing founders all across their lifecycle in crypto. Excited to be a small part of the next chapter of this...
The Central African Republic (CAR) has approved bitcoin as a means of payment along with the local franc. The relevant law was adopted by Parliament and signed by President Faustin-Archange Touadéra, writes AFP. The document also involves the introduction of cryptocurrencies. “The CAR was the first in Africa to take this step, which will put it among...
The cryptocurrency industry is still too small to compare large projects. However, this approach is useful when describing the product being created, said Ava Labs President John Woo as part of a podcast. Decrypt. The startup is behind the development of Avalanche, an open source platform for running decentralized applications, public and private blockchains. According to...
Lower house of the New York State Legislature voted for a bill designed to freeze current levels of carbon emissions from cryptocurrency mining. The document provides for a two-year moratorium on the issuance of new permits for the production of cryptocurrency using electricity generated from hydrocarbon sources. Enterprises operating under this scheme will not be able...
The developers of MetaMask and the service for buying cryptocurrencies and NFT MoonPay have agreed to cooperate. Non-custodial wallet users will be able to purchase digital assets with fiat. 🚨ICYMI🚨 MoonPay is now available to over 30 MILLION MetaMask users. Read about how we enable the purchase of crypto with cards. 👇https://t.co/9L7Z3RfaQS pic.twitter.com/EhMHLwCYVK — MoonPay (@moonpay) April 26, 2022 Options...
Arizona resident Reginald Fowler pleaded guilty to providing shadow banking services through the Panamanian processing of Crypto Capital. The Block writes about it. At the end of 2019, the man was going to partially confess to a number of charges. He later abandoned the plans due to a condition under which the authorities could recover $371 million from him. During...
Cryptocurrencies are a global phenomenon, so a coordinated effort is needed to regulate them. This was stated by a member of the ECB Board Fabio Panetta. Speaking at Columbia University, he noted that the potential collapse of the crypto industry poses a serious risk to financial stability. According to Panetta, the capitalization of digital currencies is about...
