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“Given their success in founding FanDuel, the team at Vault understands the power of engaged communities and the importance of consumer-friendly design,” said Placeholder VC partner Chris Burniske in a press release. “Their vision to create an open, protocol-agnostic format has the potential to transform digital music and media ownership,
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Although LevelField may become the first FDIC-insured bank to offer crypto services, that does not mean the bank will necessarily offer a safer way to invest in volatile digital assets. FDIC insurance protects bank depositors against losses of up to $250,000 in case of a bank failure, but cryptocurrencies are
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The technology will be available on-chain on Ethereum, Celo, Arbitrum, Optimism, Polygon and Avalanche. California-based Tokensoft is betting its open-source smart contracts will help it take a chunk of business from other popular on-chain fundraising mechanisms, such as exchange initial DEX offerings (IDO) and token launchpads. Source
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The round also included Marcy Venture Partners, an investment firm co-founded by musician and entrepreneur Jay-Z. Marcy previously backed Spatial Labs in a $4 million pre-seed round in 2021. Other backers in the latest round included noted businessman Ron Burkle, music producer Scooter Braun as well as Anthony Tolliver, a
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Wahed has a plan to help its customers grow their funds in the most Sharia-compliant way.American financial technology and service provider, Wahed has extended its global reach with a newly opened office in the United Kingdom (UK). As reported by CNBC, the new office is like a storefront that looks
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Investors included the venture arms of Coinbase and Circle, a former FTX portfolio company. Original Source
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Media start-up Semafor said on Jan. 18 that it will attempt to buy back former FTX CEO Sam Bankman-Fried’s $10 million share of the company, according to a January 18 report from the New York Times. The report stated that Semafor will seek to raise money from other sources to
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The announcement comes as interest in DeFi, a term used to refer to lending, trading and other financial activities carried out on a blockchain without traditional middlemen, has reached new heights in the wake of centralized cryptocurrency exchange FTX’s collapse late last year and a series of crypto exchange bankruptcies
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In addition to providing software that can make outages and mishaps less likely for validators large and small, Obol thinks it will be able to ameliorate some of the issues with centralized control. “Today we think of validators as individuals or single entities,” Oisín Kyne, CTO at Obol Labs told
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Although 2022 witnessed a major crash in crypto fundraises, it was still higher in comparison to 2018, 2019, and 2020. Market analysts expect VC investments in crypto to resume by the summer of 2023.The last year of 2022 was full of major collapses and bankruptcies in the crypto space which
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