Crypto
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ConsenSys notches a $7 BN valuation after completing a $450 M Series D raise
The funds raised will be converted to ETH, used to support the adoption of Infura, a revamp of MetaMask and ConsenSys’ expansion efforts ConsenSys also revealed that MetaMask now has 30 million active monthly users Blockchain and Ethereum–focused firm ConsenSys today announced the conclusion of a $450 million raise. The recently–concluded funding round, led by ParaFi Capita, has seen the valuation of ConsenSys grow more than twofold to $7 billion, a significant swell from the last financing in November 2021. The raise saw the involvement of previous investors such as Third Point, TRUE Capital Management, and Marshall Wace, with newer investors including Temasek, SoftBank Vision Fund 2, Anthos Capital, Microsoft and Sound Ventures also in play. Notably, celebrities including rappers 2...
CoinSmart CEO Interview: Fraud in Crypto
There are a lot of odd holidays in the calendar. My personal favourite is National Peanut Butter and Jelly Day, celebrated annually on April 2nd. It falls the day after April Fool’s Day, which, without sounding too miserable, I was never really entertained by. One holiday that is far from a joke, however, is May 9th – National Lost Sock Memorial Day, a time for us to “honour all the socks that are no longer with us”. The reason I discuss such wacky holidays is that I was surprised to note that March represents Fraud Prevention Month in Canada. Upon originally seeing this, I thought was a little over the top. Then, I thought about the harm fraud can cause and looked into the numbers. Based on the Canadian Anti-Fraud Centre (CAFC), $379 million were lost to scams and fraud in 2021 (up 130% f...
GRT rallies 39% as subgraphs migrate to The Graph’s decentralized mainnet
As the growing digital economy undergoes a transition from Web2 to Web3, oracle and data providers are becoming an increasingly important sector for ensuring the reliable sharing and transfer of information. The Graph (GRT) is one protocol that is spearheading the integration of blockchain technology with data management and retrieval through the creation of open APIs known as subgraphs. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.3155 on March 13, GRT has climbed 38.6% to a daily high of $0.44 on March 15 where it is now attempting to flip this major resistance level into support. GRT/USDT 4-hour chart. Source: TradingView There are three underlying reasons behind GRT’s price rally: the ongoing migration of subgraphs to the Graph ma...
Co-founders of UkraineDAO and Friends With Benefits DAO talk autonomous organizations at SXSW
Kimbal Musk, Nadya Tolokonnikova and Alex Zhang took to the SXSW stage on Monday to participate in the “Move Over NFTs. Here Come the DAOs” panel at Austin’s Convention Center. Tolokonnikova is a former member of the Russian protest punk rock group Pussy Riot, and the co-founder of UnicornDAO and UkraineDAO. Zhang co-founded the social club, DAO Friends With Benefits, and serves as its mayor, while Musk cofounded the philanthropic Big Green DAO. Journalist Michael Casey moderated. Throughout the discussion, the panelists described their distinct and contrasting use cases behind their own decentralized autonomous organizations, or DAOs, and came to the conclusion that ownership, transparency and localization are the main principles of a successful DAO. A self-pro...
Biden’s pick for Fed vice chair for supervision withdraws amid Republican objections
Former Federal Reserve Board governor Sarah Bloom Raskin has withdrawn her name for consideration as the central bank’s vice chair for supervision in an attempt to allow other nominations to move forward. According to a Tuesday tweet from Washington Post journalist Seung Min Kim, Raskin sent a letter to U.S. President Joe Biden withdrawing as his nominee for the next vice chair for supervision of the Federal Reserve, citing “relentless attacks by special interests.” The letter referred to Republican lawmakers who, she said, have “held hostage” her nomination since February. “Their point of contention was my frank public discussion of climate change and the economic costs associated with it,” said Raskin. “It was — and is — my considered view that the perils of climate change must be added ...
Commissioner Allison Lee announces her departure from the SEC
Securities and Exchange Commissioner Allison Herren Lee announced that she would be stepping down from her post at the end of her term in June. In a Tuesday announcement, Lee said that she will remain in the role until her successor has been confirmed. The SEC commissioner has spent less than three years at her current position, having been sworn in in 2019 to serve out the remainder of a five-year term expiring in June. With her departure, Lee, a Democrat who replaced former commissioner Kara Stein, will create a second vacancy at the SEC, with another left open by Republican Elad Roisman, who announced he would be leaving in January. Commissioner Hester Peirce, known to many in the space as the “Crypto Mom,” is currently the sole Republican on the five-member commission....
The best tokens you can buy under $1 on March 15 of 2022: ADA, ONE and BAT
ADA, ONE and BAT are all solid tokens that you can buy for under $1. Each token has showcased a high level of growth. All three of these tokens have the potential for growth going forward. Some of the best cryptocurrencies currently available within the broader crypto market are under $1. As such, today, we are going to go over why Cardano (ADA), Harmony (ONE), and Basic Attention Token (BAT) are the go-to tokens to buy under $1 on March 15, 2022. Should you buy Cardano (ADA)? On March 15, 2022, Cardano (ADA) had a value of $0.7903. The all-time high value of the Cardano (ADA) was on September 2, 2021, when the token reached a value of $3.09. When we go over the value of the token throughout the previous month, Cardano (ADA) had its highest point of value on February 8, when it reached $1....
Binance temporarily halts MATIC deposits and withdrawals
Last week, Polygon experienced an extended outage that resulted from an issue related to the Heimdall node Binance’s suspension follows a series of updates on the Polygon network that were meant to remedy the situation Early Tuesday, the world’s largest crypto exchange Binance notified its users that it had temporarily paused deposits and withdrawals via the Polygon network. The exchange said it had taken the decision as it works with Polygon to solve “network-wide issues.” The Chaopeng Zhao-led exchange added that it would restore support for Polygon’s MATIC token– once the network is stable. Binance explained that any deposits that would be done during the suspension of service would be credited as soon as service is restored. Polygon developers were keen to...
FTX becomes the first licensed digital asset exchange in Dubai
The crypto exchanges’ Europe subsidiary will offer complex crypto derivatives to institutional clients. FTX also has plans to set up its regional headquarters in the city Sam Bankman-Fried’s crypto trading platform FTX has become Dubai’s premier recipient of a virtual asset exchange (VAX) licence, according to a press release sent out today. The American exchange’s Europe and Middle Eastern subsidiary, FTX Europe, will now be operating legally in the city and would play a role in Dubai’s push to spur the growth of global virtual assets regulation. “Really excited to receive the first (and so far only) digital asset exchange licence from Dubai!” SBF tweeted following the news. The licence allows FTX to offer enterprise investors exposure ...
Crypto.com rolls out its exchange platform in the United States
Following its immense marketing efforts, Crypto.com finally begins the initial rollout of its services to users in the United States. In an announcement, Crypto.com mentioned that its exchange platform is already available to users who are waitlisted and will be available to more users soon. Currently, the trading platform can only be used by selected institutional investors. However, in the next few months, the exchange will be offering its services to more investors who want to trade using Crypto.com. The exchange is also inviting institutional investors based in the U.S. to join their waitlist and use the platform. Apart from the standard services of the exchange, Crypto.com also mentioned in the announcement that its VIP users will have access to various events, rewar...
Hashdex to launch Web3 and smart contracts ETF on Brazil’s stock exchange B3
Hashdex, a global crypto-focused asset manager, has revealed the launch of its Web3 Exchange Traded Fund (ETF) with a new announcement. As per a report by Cointelegraph Brazil, the new ETF will be available on B3, Brazil’s main stock exchange, and will give investors a secure and diversified way to invest in Web3 and its underlying smart contract platforms. The new ETF’s reserve period started Monday, March 14, 2022, and runs until Friday, March 25, 2022. Hashdex’s co-founder and CEO Marcelo Sampaio said the company believes that Web3 represents the future of the internet and is a further indication of blockchain technology’s potential. He added that: “The WEB311 ETF not only provides exposure to the smart contract platforms underpinning Web3, but serves as an...
THORChain quietly outperforms crypto market in Q1 — Can RUNE price break $10 next?
THORChain (RUNE) could continue its upward momentum in the coming weeks even as it treads inside a classic bearish reversal structure. RUNE’s price has rebounded strongly by over 165% four weeks after testing its multi-month horizontal level support near $3.15. What’s more, its upside retracement has opened up possibilities about an extended bull run toward $11.50, about 45% above the current price level near $7.89, as shown in the chart below. RUNE/USD weekly price chart featuring descending triangle setup. Source: TradingView The $11.50-level coincides with RUNE’s multi-month falling trendline resistance, forming a descending triangle, a bearish setup, in conjunction with the lower horizontal support. That could have RUNE’s price correct again to $3.15 after reach...
