Cryptocurrency Analysis and News Portal
In this era of digital and remote business operations, it’s not uncommon to hear that choosing the location of a company’s headquarters isn’t as important a decision as it used to be. However, if an entrepreneur is launching a decentralized finance company, they’d be wise to set that advice aside.
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We probably will never see another company quite like Binance. Crypto itself might be borderless, but crypto companies are not beyond the reach of US law. Source
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Founder Stani Kulechov said the name change does not affect Aave as a lending protocol and that its latest acquisition focuses on propelling mass web3 adoption. Aave Companies, the entity behind Aave protocol (AAVE) and Aave Labs, rebranded to Avara as founder Stani Kulechov disclosed a strategy aimed at bootstrapping adoption
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The same mission is also scheduled to carry a physical bitcoin token in an initiative planned by crypto exchange BitMEX, which was announced in May. It will also carry a copy of the Genesis Block, the first block of bitcoin (BTC) to be mined, commissioned by Bitcoin Magazine. Source
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TrustWallet's native token [TWT] has plunged over the past few hours after Binance, the exchange that acquired TrustWallet in 2018, releases its own competing web3 wallet. Source
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UK-based Pimlico has raised $4.2 million in a seed funding round led by a16z crypto, aiming to improve the Ethereum network by introducing versatile smart accounts through ERC-4337. Pimlico, a UK-based web3 infrastructure firm, has successfully secured $4.2 million in seed funding, a substantial boost spearheaded by a16z crypto. The company
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Klarna has established itself as a major player in the European payments industry, with a valuation of $6.7 billion. Klarna, a renowned fintech startup based in Stockholm, Sweden, has embarked on a significant corporate restructuring by establishing a holding company in the United Kingdom, signifying its intentions for a potential Initial
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With this acquisition, Treehouse would be hoping to integrate Origins’ technology into its product portfolio. Treehouse, a Singapore-based Web 3.0 data firm, has announced its acquisition of non-fungible token (NFT) analytics platform Origins. According to the announcement, the deal is part of Treehouse’s efforts toward bolstering its NFT product offering. Treehouse to
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Global payments giant PayPal (PYPL) received a subpoena from the U.S. SEC requesting documentation about its USD stablecoin on Wednesday. Source
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Nym Technologies, a company specializing in blockchain privacy, has announced a multi-million dollar funding program with the goal of offering financial support to projects dedicated to constructing security-centric infrastructure. The initiative, known as the Nym Innovation Fund, will pool resources from prominent venture capitalists, including Polychain, KR1, Huobi Incubator and Eden
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