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Day: May 24, 2022
The ECB Warns that Crypto Risks Could Spillover into the Economy
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Social-Media Disruptor Project Liberty to Run on Polkadot’s Blockchain Network
“Project Liberty will likely launch as a standard parachain, at least initially,” said Peter Mauric, head of public affairs at Parity Technologies. “There’s an opportunity for something like this, a very good service for everyone in the Polkadot ecosystem and Web3 broadly, to be voted in by the community later as a common-good chain.” Source link
ADDX bags $58M to reduce min. private investment by 10x via smart contracts
ADDX, a blockchain and smart contract-based digital securities platform from Singapore raised $58 million from mainstream financial institutions to fund its goal of reducing minimum private investment sizes via tokenization and fractionalization. The Monetary Authority of Singapore regulates ADDX as a digital securities exchange that aims to democratize private markets. The Pre-Series B funding round saw participation from the Stock Exchange of Thailand (SET), UOB, Nasdaq-listed Hamilton Lane and Thailand’s Krungsri Bank, which has brought total funds raised by ADDX to around $120 million. As explained in the announcement, ADDX…
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Get Real, Lagarde — The Underlying Asset ‘Guaranteeing’ Your Euro Scam Coin Is a Gun – Op-Ed Bitcoin News
With the approaching tsunami of central bank digital currencies (CBDCs) looming ever closer, it shouldn’t come as a surprise when central banks shill their coins at the expense of sounder assets. Recently, European Central Bank president Christine Lagarde went so far as to say that cryptocurrency is “worth nothing.” According to Lagarde, crypto has “no underlying asset” like the upcoming digital euro. But fiat money’s secret source of value is the real explosive scandal. ‘Worthless’ Innovation European Central Bank President Christine Lagarde recently remarked that crypto is “worth nothing” and…
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Ex-Deutsche Telekom Team Launch Liquid Staking Division at Crypto Custodian Finoa
“It was great working for Deutsche Telekom, with this awesome power behind you and being able to steer it once in a while,” Dittrich said. “But really, the speed at which you can move stuff in a company like Finoa is enormous and it’s fully crypto native. Something that had always been pretty exhausting at Deutsche Telekom was having to convince people, ‘do we want to do that blockchain thing?’” Source
Project SEED to Shape the Future of Blockchain Gaming
On May 18, 2022, at Permissionless Conference organised by Blockworks in Miami, CEO of Project SEED – Liko Subakti gave an insightful panel discussion on “Gaming: The Trojan Horse of the Metaverse”. Also joined by other GameFi and digital asset experts from BH Digital, Signum Capital, Cronos, and UniX Gaming, the session detailed how blockchain games can bring the whole metaverse to the next level. Project SEED, now a full-fledged GameFi ecosystem, is here to offer solutions to current problems in this path and how they can shape its future.…
Swiss Crypto Firm Launches Venture Fund, Supporting African Early-Stage Blockchain Startups
Crypto Valley Venture Capital (CV VC), a Switzerland-headquartered private venture capital company, announced on Monday that it has launched African Blockchain Early-Stage Fund that targets blockchain startups from across the continent. The venture capital firm also published its initial African Blockchain Report, paring with Standard Bank for the partnership which shows how Africa’s use of blockchain technology has become a norm. The report highlighted how Africa has self-accelerated blockchain as a transformative force for society and the economy and how pioneers continue reinforcing the need for more unified action on regulation and infrastructure.…