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Popular decentralized exchange (DEX) Uniswap has announced the formation of Uniswap Labs Ventures (ULV), a venture capital fund focused on investing in Web3 companies and projects.The firm will invest at any stage of development into various projects or technologies related to Web3, infrastructure, developer tools, and consumer-facing applications as areas
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The venture capital firm will deploy as much as $7 million in token and equity investments into between 20 and 25 companies. Source
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On Friday, NFT Investments PLC, a U.K.-based blockchain firm that invests in companies operating in the nonfungible tokens, or NFTs, space, announced that it would no longer pursue a 96 million pound acquisition of Pluto Digital. Although it did not directly state its reasons for canceling the deal, NFT Investments
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Measures set out by the EU Friday aim to stop oligarchs circumventing financial sanctions that target conventional bank accounts. Original Source
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Indonesia is planning to charge value-added tax (VAT) on crypto transactions and capital gains on investments at 0.1% from May 1. Original Source
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The advent of tokens with steady prices is what has enabled DeFi protocols on other blockchains, like Ethereum, to flourish. Activities like lending and borrowing, for instance, become far easier to execute on a blockchain when users can provide less volatile assets – e.g. stablecoins – as collateral. Source
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Among Mogo’s investments are a 39% stake in crypto exchange Coinsquare, and holdings of bitcoin and ether. Original Source
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Cryptocurrency lender Nexo announced a venture arm with $150 million to invest in Web 3 projects and acquisitions. Original Source
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The largest digital currency asset manager in terms of assets under management (AUM), Grayscale Investments, has announced the launch of a smart contract fund that is compiled of ethereum competitors. The fund called “GSCPxE” holds seven different smart contract coins and it’s Grayscale’s 18th investment product to date. Grayscale Launches GSCPxE
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The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the
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