Fundamental Labs was the lead investor for a seed funding round in which Binance.US, a cryptocurrency exchange, raised $200 million total. Fundamental Labs invested $20 million based on a $4.5 billion pre-money valuation. Binance plans expansion and new product offerings with the $200 million injection. Fundamental Labs, a blockchain-focused venture capital firm, took the lead in a seed round that…
Despite being known as a protocol that is slow to change, Bitcoin does have its own way to add new functionalities to the network. Soft forks, a type of upgrade that ensures those who don’t use the new software can still participate in the peer-to-peer network, is likely the preferred method to introduce novel features to Bitcoin. However, do soft…
press release PRESS RELEASE. PALO ALTO – April 7th, 2022 — Syntropy, a transformative Web3 connectivity company, announces its new customer – the sports betting and gaming giant, Entain. The FTSE 100 company is leveraging Syntropy’s global relay network with its decentralized autonomous routing protocol (DARP) to connect the company’s data centers across the globe. Syntropy’s technology reduces latency and…
A few politicians that are known for thinking creatively about policy spoke to attendees of the Bitcoin 2022 conference in a panel titled “Overcoming Idea Inertia.” The panel was moderated by David Zell, the director of policy at BTC Inc. and a co-founder of the Bitcoin Policy Institute think tank, which strives to educate policy-makers about Bitcoin and its potential…
United States Treasury Secretary Janet Yellen listed stablecoins as one of the major policy concerns in the digital asset space for regulators, currently subject to “inconsistent and fragmented oversight.” Speaking to attendees at American University in Washington, D.C. on Thursday, Yellen said the Treasury Department was working with Congress to advance legislation to help ensure that “stablecoins are resilient to…
This past Tuesday, April 5, was the 89th anniversary of Executive Order 6102 when the U.S. government would strictly “forbid the hoarding of gold coin, gold bullion, and gold certificates within the continental United States.” While the global economy seems to be heading toward disaster and the U.S. dollar’s strength is being examined, many have questioned whether or not the…
Scott Melker, veteran trader and pocaster, is convinced that major layer-1 protocols should be part of everyone’s investment portfolio. Instead of picking individual crypto projects, such as NFTs or blockchain games, Melker thinks it makes more sense to bet on the blockchain infrastructure on which these projects are built. “Any of these small projects could absolutely go nuts. But you’re…
The Impervious browser by Impervious AI was released at Bitcoin Conference 2022Impervious is built on top of Bitcoin as a programmatic layer allowing developers to utilize Bitcoin as a base layer for verification, and the Lightning Network as a Layer 2 for data transmission. Chase Perkins, CEO of Impervious AI, referred to the browser as “zoom without zoom”, publishing without…
Bitcoin (BTC) kept disappointing hodlers on April 7 as the Bitcoin 2022 conference got underway to limp BTC price performance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Fed prepares $95 billion monthly balance sheet shrink Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it dropped below multiple support levels to reach its lowest since March 23. Reversing at $42,741…
Michael Saylor and Cathie Wood, both major figures in the bitcoin industry, took to the Nakamoto Stage April seventh, the first GA day for Bitcoin 2022 in Miami. The CEO of MicroStrategy and Ark Invest respectively, Saylor and Wood have long been seen as leaders in the traditional finance world’s embrace of bitcoin. It was no wonder then, that many…
