Day: April 22, 2023

VC funding into Web3 start-ups down 82% year-over-year: Crunchbase

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According to data from Crunchbase, venture capital (VC) funding into Web3 start-ups tanked 82% year-over-year (YoY), declining from $9.1 billion in Q1 2022 to $1.7 billion in Q1 2023. Crunchbase News highlighted the data in an April 20 report, noting that the $1.7 billion figure for Q1 2023 also marks the lowest amount of Web3 start-up funding since the $1.1 billion posted in Q4 2020 — a time in which “many people had never heard of Web3.” In this context, Web3 startups are defined as early-stage companies that are either…

OPNX backed by Appworks, MIAX Group, SIG, among others

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied OPNX, a crypto bankruptcy claims exchange firm co-founded Kyle Davies, has received backing from distinguished firms, including Appworks, DRW, MIAX Group and Susquehanna International Group (SIG). OPNX tweeted the announcement with CEO, Leslie Lamb, expressing gratitude for everyone who has supported and believed in them and especially thanking the firms that have agreed to back them. Many of which are from the greater China region. 1/ As we approach the launch of claims for our first…

Recent Bitcoin Weakness doesn’t Deter Blockchain Investment – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).  Bitcoin has dropped to $28,000 and sits currently on a key support level. From a technical analysis perspective this is a pivotal moment for Bitcoin – if $28,000 fails to hold on the daily time frame, this would signal a deviation back into the range which it just broke out of (a 10-month consolidation). $28,000 is also the Summer 2021 low, further providing confluence to its significance. The recent drop in Bitcoin’s price is partly due to the UK’s…

Putin and Saudi Crown Prince Discuss Potential BRICS-Saudi Arabia Collaboration – Economics Bitcoin News

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Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman Al Saud discussed potential collaboration between Saudi Arabia and the BRICS on Friday. In addition, Putin and the Saudi Crown Prince “expressed satisfaction with the level of coordination at OPEC Plus aimed at ensuring the global oil market stability,” the Kremlin press service details. Putin and Saudi Crown Prince Discuss Key Bilateral Issues, Including BRICS Collaboration Russian President Vladimir Putin and Crown Prince and Prime Minister Mohammed bin Salman Al Saud of Saudi Arabia discussed several important bilateral issues…

Wallet Bot on Telegram Adds Bitcoin Support to Web Interface Following Tether Integration  – Bitcoin News

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Telegram users can now buy, sell, and send bitcoin, as the leading cryptocurrency has been integrated into the Wallet bot on the popular messaging application. The bitcoin support follows the wallet’s recent tether integration, which enables users to transact with the stablecoin as well. Over a Billion Telegram Users Can Now Transfer Bitcoin in Chats On Friday, April 21, the @wallet bot on Telegram announced the addition of bitcoin (BTC) support to its web interface. The development team explained that previously, the leading cryptocurrency by market capitalization was only accessible…

Gemini to Open a Crypto Derivatives Platform Outside the U.S.

The announcement coincides with increased scrutiny by U.S. regulators and lawmakers about the role of cryptocurrencies in the world’s biggest economy – a campaign that’s affected Gemini. In January, the company and Genesis (which, like CoinDesk, is owned by Digital Currency Group) were accused by the Securities and Exchange Commission of selling unregistered securities. Source