Cryptocurrency Analysis and News Portal
The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
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Still, lawmakers want assurances from Yellen that the Office of Foreign Assets Control (OFAC), which enforces U.S. sanctions rules, will be able to maintain the blocks against Russian banks and oligarchs. Wednesday's letter asked Yellen and OFAC to provide responses to five questions about the agency's work, including whether decentralized
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The country faces sanctions from the West as the war against Ukraine transcends into economic and financial cripples. Original Source
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A decentralized autonomous organization (DAO) wants to purchase the National Football League (NFL) team the Denver Broncos. The DAO called “Buy the Broncos DAO” (BBD) wants to obtain the NFL team as a community and “put ownership in the hands of the fans.” A Newly Formed DAO Wants to Buy the
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In an interview with CryptoX, Bailhe said the fund is investing “full stack,” including in layer 1 protocols, layer 2 add-on systems, the data layer, decentralized finance (DeFi), centralized applications, payments, gaming, Web 3, non-fungible tokens (NFT), and consumer and enterprise infrastructure. Source
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Ceramic may well have its own token one day. But devs haven’t committed to that plan just yet, other than to say they’re thinking about it. If it were to launch, it would have a similar role that ether does on Ethereum, as a “gas” token that unlocks network functionality
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Reddit co-founder Alexis Ohanian’s venture firm 776 Management plans to double down on crypto in the coming year, having raised $500 million across two new funds, the Wall Street Journal reports.The newly launched Funds II include an early stage-focused $300 million vehicle, and a $200 million fund which will invest
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“With the current trajectory of talented product designers and engineers, yes, a majority of our future investments will likely be in crypto, but we follow the lead of the smartest founders we meet, so if they keep building in Web3, we’ll keep funding them,” Ohanian told CoinDesk via email. Original Source
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The former Head of Product for “Marcus by Goldman Sachs” has launched a crypto investing app, “Domain Ventures,” raising $33 million from investors on Jan 25. Adam Dell, brother of Dell computers tycoon Michael, assembled a team of 25 former staff members from Goldman Sachs. Other staffers are leaving their
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A16z, a leading VC company in crypto, is reportedly ramping up its investments in the field this year. The company is said to be looking for $4.5 billion to invest in different cryptocurrency-related funds. This amount more than doubles the entire amount the company invested in crypto last year. A16z to
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