InvestmentTradingUpdates

2022-12-04 05:23:02 FTX US ex-president reportedly seeks $6M funding to launch crypto startup

The ex-president of FTX US, Brett Harrison, is reportedly planning to launch a start-up that would build crypto trading software for big investors.Just a month after the controversial fall of Sam Bankman-Fried’s FTX exchange and 130 affiliated companies, a former high-ranking executive is reportedly.

The ex-president of FTX US, Brett Harrison, is on the lookout for $6 million in funding to launch a start-up that would build crypto trading software for big investors, according to The Information. Harrison’s funding round would be against a $60 million valuation. As a result, the entrepreneur was not immediately accused of having direct involvement in misappropriating users’ funds.

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2022-12-03 11:37:02 Cyvers raises $8 million to bring security solutions to web3 companies

Israel-based cybersecurity startup Cyvers raised $8 million in a seed round led by Elron Ventures. Other backers include Crescendo Venture Partners, Differential Ventures and HDI. Customers of the platform include Bit2C, Solidus Capital and CoinMama, according to a release.

Cyvers offers plug-and-play security solutions to a range of web3 companies through leveraging domain expertise and geometric machine learning technology to enable real-time detection of security issues. Several web3 cybersecurity firms have received backing from venture capital firms as of late, such as fraud detection platform Sardine’s $52 million raise and crypto firewall provider Blowfish’s $11.8 million raise.

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2022-12-02 05:15:03 Italy announce 26% Crypto Gains Tax

Italy looks set to become the latest European country to cash in on crypto businesses moving into the region, with a plan to tax digital trading. In a proposal bundled in with the country’s 2023 budget, a 26% tax would be imposed on capital gains larger than €2,000 ($2,062) made from trading crypto.

Previously, crypto has been treated in the same way as a foreign currency would be by Italy’s tax regime. Bitpanda recently landed an operating license in Germany, adding to its list of places where it is registered, which includes Italy. Gemini last month added five countries to its European presence, announcing yesterday that it had also secured regulatory approval in Italy and Greece.

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2022-12-01 11:03:02 Sam Bankman Fried Still Thinks FTT Was “More Legit” Than Most Tokens

On November 16th, the former CEO offered his perspective on a number of claims made about him since the bankruptcy, and the state of FTX US clients. He also reflected on FTT, the exchange’s native token which he maintained holds more intrinsic value than most other cryptos.Here’s what SBF had to say during a phone interview after filing FTX for bankruptcy.

Specifically, Reuters had claimed on November 15th that the backdoor was built by Gary Wang – FTX’s head of engineering. Only Wang, SBF, and his innermost circle allegedly knew about the movement of funds. Regarding FTT, SBF said that he doesn’t believe the exchange’s token was worthless. “I think its value is more economically underpinned than the average token was,” he said, because of FTT’s buy + burn mechanism, fee discounts, and cash flow.

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2022-11-30 10:09:02 Crypto wallet Phantom is expanding to Ethereum and Polygon

Crypto wallet Phantom is expanding to the Ethereum and Polygon blockchains — posing a potential threat to the current market leader, MetaMask. The crypto wallet is set to go live in beta within a few weeks.

Phantom is the most popular wallet on the Solana blockchain. Created by a bunch of Ethereum developers — who built the 0x decentralized exchange — it became dominant due to its friendly user experience and ability to show NFTs, now counting more than 3 million active users. Its widespread success on Solana is what makes it one of the most potent threats to MetaMask’s grip on the market.

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2022-11-29 05:27:02 Nexo High-Yield Bearing Crypto Products Come Into Question As Market Deflates

Nexo has come under the radar for its high-yield-bearing crypto products when the broader market remains weak. The concerns come a month after the co-founders assured that the platform is solvent. especially considering the recent collapse of crypto exchange FTX.

Crypto analyst Dylan Leclair questioned how Nexo is managing higher yields of 10% while “every counterparty in the crypto space has blown up,” His argument is based on Nexo’s rate of return against the yield of treasury bills and the average decentralized finance (DeFi) market. According to the analyst, it could also be said about any other company in a similar position.

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2022-11-28 10:33:02 Putin calls for blockchain-based international payment system

The Russian President criticized Western's sanctions and urged for a system "independent of external interference". Russian President Vladimir Putin criticized monopoly in global financial payment systems and called for an independent and blockchain-based settlement network on Nov 24.

Putin also noted that global payments and nations are at risk due to tense relations between Russia and the West following Ukraine's invasion, labeling sanctions imposed by countries as "illegitimate restrictions". Another recent development, a bill was introduced into the Russian State Duma, the lower house of parliament, on Nov. 17 legalizing cryptocurrency mining and the sale of the cryptocurrency mined , laying down a legal framework for a national exchange.

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2022-11-27 10:47:02 The Block's guide for the crazy web3 week ahead in Miami

Miami's busiest week of the year is about to unfold, with the global jet set due to storm the city just after Thanksgiving for seven straight days of nonstop art and parties anchored by the Art Basel Miami Beach fair. The week is both loved and feared by locals.

While first rising to prominence for the actual art, the week has increasingly taken on a tech and web3 vibe, with numerous side events springing up around the city. Whether you want to collect individualized NFTs, test out a decentralized ride-sharing application or just do some good old-fashioned networking, The Block has got you covered.

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2022-11-26 05:24:02 Bitcoin worth $1.5B withdrawn from Coinbase in 48 hours

A total of 100,000 Bitcoin (BTC) were withdrawn from Coinbase in the past two days, marking the third-largest BTC withdrawal in Coinbase’s history. The chart below shows the BTC withdrawals and deposits in Coinbase.

On Nov.24, 50,000 BTC were withdrawn from Coinbase. The amount equated to over $800 million at the time, which marked the second-largest BTC withdrawal from Coinbase in 2022. The next day, on Nov. 25, another 50,000 BTC withdrawal took place, which equates to over $825 million at the time of writing. BTC deposits and withdrawals since the exchange was launched in 2014.

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2022-11-25 15:00:10 First Private And User-friendly mobile Web3 STORAGE is on IOS!

Claim benefits: Over 30 GBY are waiting for you in your account. Activate your claim by downloading » DeNet Storage

After install INCREASE your reward! - Invite friends to the Web 3 storage and get more space for each friend! Open / Comment