Month: February 2023

PayPal co-leads $20M seed funding for on-chain risk optimizer Chaos Labs

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Payments giant PayPal and investment management firm Galaxy joined hands to raise $20 million in seed funding for Chaos Labs, a New York-based cloud platform for securing blockchains and protocols. With an automated risk management platform, Chaos Labs protects crypto protocols against external exploits and risks. The platform does this by offering agent and scenario-based simulations, which helps secure protocols against economic vulnerabilities and market manipulation events. The seed funding is aimed at helping Chaos Labs further automate on-chain risk optimization.  1/ We are thrilled to announce we have secured…

US crypto regulation happening ‘behind closed doors’ – Blockchain Association CEO

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The United States Congress needs to take control of crypto legislation to make it a more “open process” where the entire marketplace is looked over “comprehensively,” suggests the chief of the prominent U.S. crypto industry body. In a Feb. 22 Bloomberg interview, Blockchain Association CEO Kristin Smith said the industry needs U.S. lawmakers to lead crypto legislation despite it making the process “very slow” and regulators “stepping in” in the interim. Smith noted that despite regulators “moving very quickly,” progress on legislation is happening “behind closed doors,” suggesting it’s vital…

MX BITCOIN INVESTMENT Review: Regulator Scam Alert! | Scamsonline.net

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Visit to trace cryptocurrency scams and get your money back. Attention Investors: The Financial Conduct Authority has issued an alert regarding Mx Bitcoin Investment. The regulator made the scam warning on Mxbitcoininvestment.Com was made on 11 Oct 2022. If you or someone you know has been investing with Mx Bitcoin Investment and has been affected by this or any other trading scam, we recommend filing a complaint with the appropriate regulatory agency or law enforcement. You can also visit scamsonline.net to report…

Banks Torched After Pound Taps New Low Versus the US Dollar – Economics Bitcoin News

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The Lebanese pound’s fall to its lowest ever versus the U.S. dollar, 80,000 to 1, has piled more misery on residents whose local currency-denominated savings have been decimated by inflation. The ongoing strike by banks demanding the passage of capital control legislation has compounded matters for residents. Lebanese Pound Devaluation According to several local media reports, Lebanon’s currency recently plunged to a new all-time low of 80,000 per U.S. dollar on the unofficial foreign exchange market. The Lebanese pound’s fall on the parallel market came less than a month after…

Reddit co-founder bought 50,000 Ether during pre-sale, for $15K

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The co-founder of the social media website Reddit, Alexis Ohanian, reportedly bought 50,000 Ether (ETH) for just $15,000 during the cryptocurrency’s presale in 2014, a cost of just 30 cents per coin. Ohanian, who left the social media giant in 2020, told Forbes in a Feb. 21 article that he found the idea of a decentralized store of value to be very attractive partly due to his Armenian heritage, prompting him to take an early gamble on Ethereum. “Any group of people who have in their consciousness, or in their…