gCC Fund II will invest between $500,000 to $5 million per project through both initial and follow-on investments. The firm is targeting 50 or so portfolio companies. Areas of interest include decentralized autonomous organizations (DAOs), guilds, Web 3 apps, games and protocols. gCC is willing to invest in the earliest stage companies and is blockchain-agnostic. Source
“Anyone who says that David Gerard personally stopped their crypto getting into Wikipedia is a fuckwit,” says editor, Wikimedia spokesman and professional crypto hater David Gerard in his typically no-nonsense fashion. “There are a lot of fuckwits.” When Gerard is not passionately arguing against cryptocurrencies in Wikipedia editor discussions, the author of the 2017 self-published hit Attack of the 50 Foot Blockchain can be found prosecuting the case against Bitcoin, blockchain and crypto on the BBC or in the Financial Times. Even among the most notable crypto critics, Gerard stands…
NFT marketplace OpenSea has announced an upcoming integration of the Solana (SOL) blockchain within its platform, a long-awaited move that industry experts and numerical data suggest could have reciprocal benefits across both ecosystems, as well as positive sentiments for the wider NFT space. Scheduled to commence on a yet-to-be-disclosed date in April, Solana will join the list of three networks, Ethereum, layer-2 Polygon and Klaytn, and will be visible via the drop-down ‘all chains’ tab on the rankings page. Alluding the vast number of tweets and media publications on the…
Terra buys another 2,943 BTC, worth about $139 million, for its UST reserve. Terraform Labs CEO said that the company is looking to become the second-largest holder of bitcoin after Satoshi. UST has experienced a lot of growth recently, with over a YTD market cap growth of 55%. The Luna Foundation has purchased an additional 2,943 BTC, worth about $139 million, for its UST reserve. The bitcoin address for the Luna Foundation Guard (LFG) shows the purchase, and that the total BTC now stands at over 30,000. LFG’s BTC wallet’s…
Watch out Michael Saylor! Do Kwon, the CEO of Terraform Labs is hot on the Microstrategy CEO’s heels. The Terra wallet has now amassed almost $1.5 billion in Bitcoin (BTC) following another huge BTC purchase. The wallet address thought to belong to Terra (while not officially confirmed) received another 2943.00002511 Bitcoin ($139 million) on Wednesday. Wallet alert accounts on Twitter have been tracking the wallet. The wallet began amassing colossal amounts of Bitcoin on Jan. 21 and has not sold a single Satoshi. Terra Bitcoin wallet gradually then suddenly amassing…
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Binance Suspends Deposits and Withdrawals on Ronin Network After Hack Source
The legal vacuum in the crypto mining sector must be filled “as soon as possible,” according to a statement by Russian Deputy Minister of Energy Evgeniy Grabchak. The government official also called for introducing regional quotas for crypto farms instead of regulating their business at the federal level. Russian Official Proposes Regional Energy Quotas for Crypto Miners Cryptocurrency mining needs to be regulated soon, Evgeniy Grabchak insisted during Russia’s first national conference of legal bitcoin miners, held recently in Irkutsk. The Siberian oblast, where electricity rates start at just $0.01…
The makers of the Polygon-based role-playing game prefer the term “play-to-own” over “play-to-earn.” Source
The U.K.’s Financial Conduct Authority has pushed back its March 31 deadline for select crypto firms to attain full registration. Source