Day: March 15, 2023

VC-Backed NFT Social Platform Metalink Launches Mobile App

Metalink also announced a previously undisclosed $6 million seed round with funding from an impressive list of venture capital funds and Web3 personalities. Investors include Guy Oseary, Gary Vaynerchuk, MoonPay CEO Ivan Soto-Wright, The Sandbox founder Sebastien Borget, former Coinbase Chief Technology Officer Balaji Srinivasan, DJ Justin Blau, Social Capital, Arrington Capital and Sound Ventures. NFT collectors including Cozomo de Medici, Gmoney, Seedphrase, SobyLife, Tony Herrera, Meltem Demirors and Farokh, as well as corporate investors Gemini Frontier Fund, Dapper Labs’ venture arm, BallerVC, and Genies’ Human Ventures also provided funding.…

Blockchain is the answer to Russia’s settlement issues, banking exec says

The adoption of blockchain is the right direction for Russia to solve its current settlement issues, according to an executive at Russia’s largest bank, Sberbank. Blockchain technology has matured over the past few years to offer new capabilities that potentially enable Russia to create more efficient payment systems, Sberbank’s first deputy chairman Alexander Vedyakhin said. On March 14, Vedyakhin took part in the meeting of Russia’s Federation Council on the budget and financial markets committee, highlighting the promising future of blockchain in Russia, the local news agency Interfax reported. According…

Germany and U.S. Seize Over $46M Crypto Tied to ChipMixer Investigation

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Robinhood Users Unable to Realize Bets Profits against SVB and Signature Bank

Robinhood users have taken to Twitter to express their displeasure as they are unable to revel in the SVB and Signature Bank failure. Users of the Menlo-Park-headquartered financial services company Robinhood Markets Inc (NASDAQ: HOOD) app have been unable to cash in on the recent crumble of Signature Bank and Silicon Valley Bank (SVB) despite their put options. Investors gamble on the possible decline of stock via put options. If they are lucky and the said stock price indeed declines, the trader could sell the shares at a higher price…

KuCoin Plays Lead Role in Funding Round for Yuan Stablecoin Issuer CNHC

Leading exchange KuCoin participated in a $10 million funding exercise for CNHC to support stablecoin adoption. KuCoin recently led a $10 million funding initiative for offshore Chinese yuan stablecoin issuer CNHC. This investment by the leading crypto exchange’s investment is part of a broader scheme to support stablecoins. In addition to KuCoin’s investor IDG Capital, the CNHC funding round also saw participation from other leading industry investors, including Circle. Execs Weigh In on KuCoin-CNHC Development Commenting on KuCoin’s involvement in the CNHC funding round, the exchange’s chief investment officer and KuCoin Ventures lead,…

Binance to Restrict Ukrainian Hryvnia Operations Via 2 Payment Providers – Exchanges Bitcoin News

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Crypto exchange Binance will stop processing transactions with Ukrainian hryvnia through two payment platforms later in March. The move follows an earlier suspension of deposits and withdrawals using bank cards in the national currency of Ukraine. Ukrainian Users Lose More Fiat Options to Trade on Cryptocurrency Exchange Binance The world’s leading digital asset exchange in terms of trading volume, Binance, said on Monday that Ukrainian hryvnia purchases through the digital wallets Settlepay and Advcash will be unavailable, starting from March 21. “Settlepay withdrawals are currently open and you can withdraw…

What is crypto contagion, and how does it affect the market?

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Crypto contagion can significantly impact multiple stakeholders in the crypto market, including investors, businesses and the broader financial system. To protect themselves from the negative effects of crypto contagion, each stakeholder should take specific steps. By diversifying portfolios, investors can lower exposure to crypto contagion. This entails purchasing various cryptocurrencies and additional assets like stocks and bonds. Diversification can lessen the risk and the effects of any cryptocurrency being depegged. To be educated and make wise investment choices, it is also crucial for investors to keep an eye on market…