$9.1M Seed Funding for Solana-based Defi Protocol Delta One

Delta One, a yield generation Defi protocol on the Solana blockchain, has launched a $9.1 million seed round funded by Alameda Research and Ship Capital.  Delta One raised a total of $9.1 million in a seed round on Tuesday, April 19. The funding will be used for the protocols fundamental development and ecosystem expansion.  Solana Ventures, Raj Gokal, Electric Capital, AlleyCorp, Chris McCann, Joe McCann, and Alfred Chuang were among the other investors.  Delta One is a Solana yield generating technique that provides new delta-neutral and temporary loss-free farming markets. Paul and DJ Sengh founded the company in October 2021. Its objective is to develop unique, user-friendly Defi primitives that democratize the highest risk-adjusted yield opportunities in order to achieve crypto investing mass acceptance.  Profiting from a volatility-reducing “delta-neutral” trading method that gives users with an automated mechanism to make risk adjustments with little to no active risk management.  “Delta-neutral farming is a technique that many hedge funds love to use, but it can require spending hours each day crunching numbers and tracking positions when done manually by retail investors,” said DJ Sengh, Co-Founder of Delta One. “We believe democratizing these strategies through structured products will be a pivotal part of onboarding the first billion

2022-04-22Malalim na Pagsisid

Crypto Exchange Okcoin Launches a Free Trading NFT Marketplace

To tap into the non-fungible token (NFT) craze, crypto exchange Okcoin has established a marketplace that will attract no transaction fees.   The free trading NFT marketplace is expected to offer creators significant agency when selling their work since royalty rates range from 0-10% in other marketplaces.  Hong Fang, Okcoins CEO, acknowledged:  “Were launching a free market for NFTs where prices and profits will be determined by supply and demand, more so than anywhere else. Web3 is about restoring economic power to the people.”  The San-Francisco-based crypto exchange will offer NFTs from famous collections like Crypto Punks, the Bored Ape Yacht Club (BAYC), Boss Beauties, and World of Women.   To adhere to the “crypto for all” objective, the marketplace will also showcase collections from previously marginalised creators in the traditional finance and tech innovation fields.   Fang noted:  “In the same way that blockchain technology empowers financial freedom with cryptocurrency, it empowers creators with NFTs.”  Minting of NFTs usually takes place on Binance, OKC, Polygon, and Ethereum blockchains. Therefore, users will have the chance to link external wallets like MetaMask, enabling them to trade NFTs.  Randi Zuckerberg, Okcoins brand advisor, sees the marketplace as a stepping stone towards making crypto more accessible. He added:  “Making NFTs more inclusive is

2022-04-21Malalim na Pagsisid

KuCoin Rolls Out $100m Creators Fund to Accelerate Web3 Growth, Empowering Early-Stage NFT Projects

Crypto exchange KuCoin has announced a $100 million “Creators Fund” to enhance the Web3 ecosystem and support early-stage non-fungible token (NFT) projects in sports, arts, GameFi, and celebrities, among others.  Through its NFT marketplace, Windvane, and venture capital arm, KuCoin Ventures, the crypto exchange sees the fund as a stepping stone towards penetrating the booming non-fungible token space.   Johnny Lyu, KuCoins CEO, acknowledged:  “At the current stage of KuCoins comprehensive and in-depth expansion of the Web 3.0 and NFT fields and deepening the KuCoin ecosystem, the launch of a $100 million ‘Creators Fund’ will undoubtedly bring a strong impetus to our development process.”  The fund intends to assist young creators and artists showcase their talents to the public through a decentralized, free, democratic, and open NFT marketplace.  Lyu added:  “The $100M ‘Creators Fund’ will support NFT creators and projects, which will further consolidate the metaverse infrastructure. KuCoin NFT Marketplace – Windvane would like to bridge Web 2.0 and Web 3.0 by supporting more creators to launch their NFTs or projects and creating a more integrated NFT world with a lower barrier to entry for users.”  With Web3 being a blockchain-powered iteration of the World Wide Web, concepts like token-based economics and decentralization are expected to be

2022-04-21Malalim na Pagsisid

The IMF Urges Global Governments to Keep a Close Eye on Crypto

According to The Block, the International Monetary Fund (IMF) has recommended international decision-makers to keep a close eye on cryptocurrency in light of the growing worries raised by the conflict in Ukraine.  In its Global Financial Integrity Report, the IMF discussed the possible use of cryptocurrency in Russias conflict against Ukraine, as well as the threat it poses to the stability of existing financial institutions.  According to the IMF, the global financial system has become more “cryptoized” as a result of Russias invasion of Ukraine and the COVID-19 outbreak.  Although much of this is attributable to ordinary trade activity, the IMF warned that it might be used to evade identification checks in financial flows, basically providing a means of transacting anonymously overseas.  Despite the fact that regulators in the United States and the United Kingdom have advised crypto businesses to be cautious, persons may utilize non-compliant exchanges, mixers, or other techniques to avoid punishment.  To address crypto-specific risks, the IMF has advised international governments to implement Financial Action Task Force standards, which include a travel rule for crypto assets that requires exchanges to transmit sender and recipient identification information, as well as the implementation of additional laws and regulations on foreign exchange and capital flow

2022-04-21Malalim na Pagsisid

Among Crypto Crimes, the US Secret Service Seizes Over $102 Million in Digital Currencies

In their investigation into cybercriminals activities, the US Secret Service confiscated up to $102 million in cryptocurrency assets. According to CNBC, which cited Secret Service data, the investigation has involved approximately 254 cases since 2015.  In an interview with the media program, David Smith, assistant director of investigations, stated that agents and analysts frequently actively watch the flow of Bitcoin on the blockchain in the same way that any surveillance operation is done. One of the cases probed by the Secret Service during this time period involved 900 victims in both Romania and the United States.  The operation involved crooks creating bogus adverts for luxury items and mailing invoices to gullible consumers, who then paid the fraudsters. According to the CNBC article, the payment collected by the criminals is frequently transferred to cryptocurrency in order to conceal their origin and actions.  “One of the things about cryptocurrency is it moves money at a faster pace than the traditional format,” Smith said, adding that the quick pace of transactions makes it attractive to both American consumers and criminals. “What criminals want to do is sort of muddy the waters and make efforts to obfuscate their activities. What we want to do is to track

2022-04-21Malalim na Pagsisid

Security Compliance Firm Seon Pulls $93m from Investors Backed by IVP

Seon, a United Kingdom-based fintech security and compliance platform, has pulled over $93 million in a Series B funding round from investors led by IVP, a Silicon Valley-based investment firm.  In this round of financing, the sterling record of IVP involves early backing of platforms, including Netflix and Twitter, other investors include Creandum and PortfoLion. Angel investors, on the other hand, involve Coinbases Chief Operating Officer Emilie Choi and UiPath Chief Executive Daniel Dines, who also backed the startup as it pushed its valuation to $500 million.  Relieving Fintech and Crypto Firms From Compliance Burdens  Seon is a startup founded in Budapest, Hungary in 2017 by Kadar Tamar and Bence Jendruszak. The startup caters primarily to fintech firms with an extension to digital currency startups.   The company develops software that analyzes a platform user‘s biodata, email address, and phone numbers and determines whether they are genuine or not. When fintech and crypto platforms are under scrutiny by regulators to block transactions emanating from and to Russia in the wake of the country’s invasion of Ukraine, the Seon solution may come in very handy.  Seon boasts of Revolut, Afterpay, and crypto-friendly Nubank as clients. With the newly injected capital, it hopes to support its customers

2022-04-21Malalim na Pagsisid

Robinhood Announces Planning to Buy British Crypto Platform Ziglu

Nasdaq-listed commission-free stock trading platform, Robinhood has signed an agreement to acquire a UK-based electronic money institution and crypto-assets firm Ziglu.  As announced by the company, the deal is subject to regulatory approval and other customary closing conditions.  “Ziglu and Robinhood share a common set of goals, working to reduce the barriers to entry for a new generation of investors, and we‘re excited to pursue that mission together,” said Mark Hipperson, Founder, and CEO of Ziglu. “As part of Robinhood, we’ll supercharge Robinhoods expansion across Europe and bring better access to crypto and its benefits to millions more customers.”  Ziglu grants UK customers the opportunity to buy 11 different digital assets and provides additional services like ‘Boost’ in which users can earn a yield on their digital assets. As a regulated platform in the United Kingdom, Ziglu allows its customers to make payments using a debit card, and move and spend money, even abroad, without fees.  Robinhoods acquisition of Ziglu aims to expand its global footprint as the platform can quickly help it reach more users in the UK and Europe on a larger scale. The commission-free services Robinhood offers a better transaction experience on Ziglu come off as a convenient convergence that aligns

2022-04-21Malalim na Pagsisid

Metaverse Unicorn The Sandbox Targets to Raise $400m Funding at $4b Valuation

The Sandbox metaverse is in negotiations with investors as it looks to raise $400 million in a new funding round.  As reported by Bloomberg, citing anonymous sources close to the transactions, the blockchain startup is seeking a $4 billion valuation. The size of the offering and the market worth may change as deliberations continue.  The Sandbox has plugged itself deep into the Non-Fungible Token (NFT). The broader cryptocurrency ecosystem as its flagship gaming platform and digital collectables marketplace remain amongst the most in-demand nowadays. Animoca Brands, as the majority-owned shareholder of The Sandbox, enrich the Sandbox to be one of the major gateways that a number of global brands are using to get into the metaverse and the emerging Web3.0 ecosystem.  HSBC is one of these brands as it recently partnered with The Sandbox through the acquisition of LAND, a virtual real estate in the metaverse. While The Sandboxs platform is recording a very large influx of users as evident in its transaction count, through a very robust demand, the bulk of the activities of the protocol is hinged on capacity building for the projected future that the Web3.0 industry will usher in.  Learning from its Backer  The proposed funding being solicited by The Sandbox

2022-04-20Malalim na Pagsisid

Crypto Exchange Blockchain.com Expected to Launch IPO This Year: Bloomberg

Cryptocurrency exchange Blockchain.com is expected to go public as soon as this year, according to Bloomberg.  It is becoming a trend for crypto firms to seek the public market pursuit. While Coinbase pioneered these growth metrics when listed on the Nasdaq exchange back in last year April, other outfits, including eToro, and Huobi are also notably considering various public entry routes.  According to an insider, Blockchain.com is actively conducting interviews with banks for the most likely public offering this year.  But the specific IPO time may not happen until next year, but the plan may still change, after all, this is an anonymous private discussion.  Blockchain.com is one of the few crypto unicorns as it was valued at $14 billion. Seeing its continuous growth trend, the companys Chief Financial Officer Macrina Kgil hinted at the possibility of the firm going public in 2023 in an interview with Forbes.  A few days ago, dubbed as the first crypto deal in the National Football League (NFL), the Dallas Cowboys have chosen cryptocurrency platform Blockchain.com as its “exclusive digital asset partner.”  As reported by blockchain.News on April 7, Cryptocurrency exchange Blockchain.com launched a new asset management brand called BCAM, aimed at institutional investors, family offices, and high net worth

2022-04-20Malalim na Pagsisid

Talk to Earn, TAGO to Introduce Blockchain Technology in Mental Health Sector

A UK-registered tech startup is aiming to connect people in need of support for mental health through blockchain technology.  TAGOs move to integrate blockchain technology in the mental health sector is the first of its kind and is called Tagoverse.  TAGO said that users can receive consultation from mental health advisors and also earn “Tago Tokens” through the “Talk to Earn” activities via its mobile app.  Tago Tokens are utility tokens that help the company fund the Tago Blockchain project.  The tokens will be used by community members to meet mental health advisors, join the Emotion Intelligence Quotient (EQ) courses, exchange spiritual items, and participate in spiritual events and other Tagoverse activities such as meditation, yoga, temple, church, tarot and horoscope.  In addition, Tago token holders can also join the staking programme to earn more rewards, voting rights and premium access.  Non-fungible tokens (NFTs) will also be available in TAGO.  With its “Talk to Earn” feature, users and advisors can earn rewards by chatting and consulting with TagoSoul - a virtual assistant.  TAGO claims to have introduced the worlds first NFT mental health AI assistant.  “Mental health problems are on the rise. This is particularly serious as the COVID–19 pandemic has led to an increasing need for new &

2022-04-20Malalim na Pagsisid
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