Tag: 10M

KuCoin Has Closed a $10M Funding Round Into CNHC. But Is the Offshore Yuan Right for a Stablecoin?

“This investment in CNHC is part of KuCoin Ventures’ broader strategy of investing in the Web3 infrastructure in the APAC region,” Justin Chou, chief investment officer of KuCoin and lead at KuCoin Ventures, said in a statement. “Hong Kong has a well-established traditional finance ecosystem. With the regulation and new policy for next-generation digital assets, Hong Kong has a real opportunity at becoming the new crypto center of the world.” Source 10MClosedCNHCfundingKuCoinOffshoreStablecoinYuan CryptoX Portal

KuCoin leads $10M funding for Chinese yuan stablecoin issuer

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The investment arm of major cryptocurrency exchange KuCoin is moving to support new stablecoin initiatives by backing a Chinese yuan-pegged stablecoin issuer. KuCoin Ventures has led a $10 million investment into stablecoin issuer and blockchain-based payment service provider known as CNHC. Announcing the news on March 16, KuCoin Ventures said that the funding round included some prominent industry investors, including KuCoin’s investor IDG Capital and Circle Ventures, the investment arm of the USD Coin (USDC) issuer, Circle. KuCoin chief investment officer and KuCoin Ventures lead Justin Chou told Cointelegraph that…

KuCoin Has Closed a $10M Funding Round Into CNHC, but Is the Offshore Yuan Right for a Stablecoin?

“This investment in CNHC is part of KuCoin Ventures’ broader strategy of investing in the Web3 infrastructure in the APAC region,” Justin Chou, chief investment officer of KuCoin and lead at KuCoin Ventures, said in a statement. “Hong Kong has a well-established traditional finance ecosystem. With the regulation and new policy for next-generation digital assets, Hong Kong has a real opportunity at becoming the new crypto center of the world.” Source

ORBS Token Rises After DWF Labs Invests $10M

Founded in 2017, Orbs offers public blockchain infrastructure that provides scalability, low transaction fees, fast performance, security and ease of use. The platform is meant for mass-use applications that could run into high fees and slow throughput, and can serve as the back-end for a full blockchain technology stack. The mainnet and ORBS token were launched in early 2019. Source

Republic Crypto Denies Buying 10M ASTRA Tokens, Says Astra Gave Tokens to It as Part of a ‘Free Trial’

CoinDesk, citing a press release from Astra Protocol, reported on March 7 that Republic purchased the tokens. A Republic spokesperson subsequently said the firm had viewed and objected to the details in the draft press release, which was sent out regardless, and said the release contained an unauthorized quote from Republic crypto head Andrew Durgee, which Durgee didn’t draft. Source

Investment Firm Republic Purchases 10M Astra Protocol Tokens in New Deal

“The events of the last year have made it clear that legitimate crypto and DeFi projects with a long-term strategy can no longer afford to operate outside the bounds of TradFi regulatory frameworks,” said Republic Crypto head Andrew Durgee in a press release. ”Astra Protocol converges the best of both worlds for individual users, allowing everyone to continue reaping the benefits of Web3 without compromising their privacy, security, or anonymity.” Source

China Blockchain Conflux Gains $10M Investment From DWF

“Conflux’s recent partnership with China Telecom is a major milestone for the blockchain industry, and we believe that it demonstrates the potential for Conflux’s technology to revolutionize how we think about blockchain-enabled products and services,” DWF Labs managing partner Andrei Grachev said in a statement. Source link

Pantera Invests $10M in Metaverse Game Worldwide Webb

“We’re building tools to allow them to bring their IP into the game. This is through land where they can build spaces, integrate their existing NFTs and build new ones into the Webb ecosystem,” Worldwide Webb founder and CEO Thomas Webb told CryptoX in an email. “We’re excited to build long-term relationships with brands and IP as we not only integrate their NFTs as avatars, but also bring their IP into the Webb universe through meaningful in-game features such as quests, boss fights, items and more.” Source 10MGameInvestsMetaversePanteraWebbWorldwide CryptoX Portal

Bitcoin eyes 25% of world’s wealth in new $10M BTC price prediction

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Bitcoin (BTC) can hit $10 million per coin or more as it eats 25% of the global wealth, new analysis has concluded. In a blog post released on Feb. 16, fund manager and Bitcoin expert advisor Jesse Myers revealed his own “outrageous” BTC price target. Myers: “Bitcoin could 500x over the coming decades” Bitcoin may struggle with “brutal” volatility, but hodlers and critics alike should be in no doubt about its long-term price trajectory, Myers said. Analyzing Bitcoin’s value proposition, he argues that Bitcoin’s ability to appreciate over time means…