Mining crypto

$4.5 Billion Crypto Fund, Less Difficult Bitcoin Mining, OTC NFT, Ethereum Merger and More News

Source: Adobe/Dmitry Rukhlenko

Get your daily digest of crypto-asset and blockchain-related news – by investigating stories that fly under the radar in today’s crypto news.

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Investment News

  • venture capital firm a16z encryption announced a $4.5 billion crypto venture fund led by founder and managing partner Chris Dixon. Of this amount, about $1.5 billion will be used for seed investments and $3 billion for venture capital investments, they added.
  • Ripple (XRP) will explore the possibility of an initial public offering (IPO) once its lawsuit with the United States Security and Exchange Commission (SEC) has ended, CNBC reported, citing CEO Brad Garlinghouse.
  • The Bitcoin (BTC) Index Fund by Brokerage Company Loyalty investments exceeded $125 million in investments, according to a filing with the US SEC. The total number of investors has risen from 83 in May 2021 to 689 now, according to the filing.
  • game platform Bud announcement that he raised $36.8 million in a Series B round led by Sequoia Capital India. The funding will be used to develop authoring tools, grow the user base and deploy Web3 products for the metaverse ecosystem, they added.
  • game project MetaKing Studios raised $15 million in seed funding from Creators Fund and BITKRAFT Ventures. The company will use the funding for the development of its strategy MMO game BLOCKERSlaunched in early access this year.
  • Crypto-asset manager Babel Finance raised $80 million in its Series B funding round, reaching a valuation of $2 billion, according to TechCrunch.
  • Crypto Data Analytics Company ZenLedger Raised $15M in Series B Funding Led by ParaFi Capital. The funding will allow them to expand their services globally, add new crypto-finance products and increase market share in retail and government, they added.
  • venture capital company Standard encryption has raised $500 million for a fund that will invest in both stocks and crypto, Axios reported, citing a source with knowledge of the matter.
  • Savings and investment app Relay raised €2.16 million ($2.3 million) in its first public round through the crowdfunding platform crowd cube.
  • Blockchain Scalability Project StarkWare Industries raised $100 million at an $8 billion valuation.
  • venture capital firm Capital of the Volt announced a new $50 million crypto fund, according to TechCrunch.
  • investment company Global block announced that its European subsidiary is operationally ready and will operate the company’s digital asset brokerage and trading services business from Lithuania.

Mining news

  • Bitcoin mining difficulty, or the measure of how difficult it is to compete for mining rewards, fell 4.33% to nearly 29.0T today. It follows two consecutive rises, both of which drove mining difficulty to new all-time highs.

NFT news

  • Crypto Financial Services Company EQONEX announced that it had completed its first-ever direct-to-custody over-the-counter (OTC) NFT transaction. the Bored Ape Yacht Club NFT was purchased through a Canadian broker Securing digital marketsone of EQONEX’s partners, and deposited directly with the UK Depositary Digital safe. It is now kept in bank vaults alongside other Digivault crypto-assets, diamonds and cash.

Blockchain news

  • A new feature release of Ethereum (ETH) Geth client, Geth v1.10.18 (Sharblu), has been announcement. This release is ready for the Merge transition on Ropsten’s testnet and will enable merge on Ropsten when the testnet reaches a total difficulty of 43531756765713534, said Stacktrace lead designer Felix Lange in the GitHub doc.
  • Public blockchain Klaytn (KLAY) announced a collaboration with a blockchain infrastructure company Parity Technologies to build a new Klaytn chain which will serve as an alternative implementation of the Klaytn specification and as a side chain to the main Klaytn chain.
  • Web browser Brave announced that it is now integrating with the Solana blockchain (SOL) to expand access to Web3 by expanding multi-chain support. Users should be able to buy, sell, and store SOL and fungible Solana SPL tokens in the Brave wallet, and buy SOL and other crypto-assets with fiat through a payment provider. Ramp.
  • blockchain project Injective has integrated the generic cross-chain messaging protocol Wormhole. The integration will allow developers building on Injective to take advantage of cross-chain capabilities in their dapps.

Regulatory News

  • Turkey is drafting legislation that would establish greater control over the crypto market, potentially imposing a tax on certain crypto transactions, Bloomberg reported, citing two officials. Among the proposals is a requirement that businesses have a minimum of TRY 100 million ($6.1 million) in capital, while another is that crypto platforms must open branches that can be taxed. in Turkey.

Payments News

  • Bitcoin payment infrastructure platform Open Node launched a new OpenNode Stripe app which will allow users of the financial infrastructure platform Bandaged access to BTC. Businesses using Stripe will be able to convert their funds to BTC or automatically convert incoming payments in part or in full, they added.

Career news

  • Crypto platform Fed announced that they were letting go of an indefinite part of their team due to “uncertainty in the financial markets”. However, they added, without providing specific numbers, that they have almost half a million customers, have been able to quadruple their revenue during 2021, and have reached all-time highs in customer onboarding and financially active users in the first quarter of this year.

Scam News

  • Member of the private group NFT Class Evidence was the victim of a scam that lost them 29 Lunar bird NFTs worth a total of $1.5 million after clicking on a malicious link shared by a scammer, by Cirrus, Twitter user.