Cointelegraph Research brings an analysis of all the deals and trends from venture capital (VC) in the blockchain industry during the second quarter of 2022. When looking at the aggregate total amount invested into the crypto industry in the second quarter, it will tell one story. However, a deeper dive into the data tells another tale. From a high level,…
In brief Circle’s CFO Jeremy Fox-Green said the firm is a registered financial services company just like PayPal or Apple. Circle Yield, the firm’s interest-earning product, is regulated by the Bermuda Monetary Authority (BMA). Fox-Green expects Circle to go public via a SPAC deal at the end of 2022. Amid concerns that USDC would fall to similar liquidity issues as…
Internationally famous British auction house Christie’s today announced the launch of “Christie’s Ventures,” an investment fund for fintech companies looking to make technological breakthroughs in the art market. Christie’s said its new fund will “work alongside portfolio companies to help accelerate their progress, simultaneously advancing Christie’s activities in the presentation, education, and sales of fine art and luxury goods.” The…
Christie’s, the auction house known for its sales of art and luxury items, has launched an investment fund to support emerging companies with technology enabling “seamless consumption of art.” In a Monday announcement, the auction company said the fund, Christie’s Ventures, will financially support firms in Web3, “art related financial products and solutions,” and technology related to art and luxury…
Polygon was up by nearly 20% to start the week, as the token rallied to its highest level since May. Today’s surge comes as crypto markets were mostly in the green, with avalanche also hitting multi-week highs, and as of writing, is up by over 10% on the day. Polygon (MATIC) Polygon (MATIC) was one of the most notable gainers…
Backed by a sanctioned Russian oligarch, Atomyze became Russia’s first legal digital asset manager, obtaining registration from the central bank in February 2022. Source: https://cointelegraph.com/news/token-will-defeat-cryptocurrency-russia-debuts-palladium-backed-stablecoin
As it continues to draw down on spending, Coinbase is “temporarily shutting down” its U.S. affiliate marketing program, according to Business Insider. Influencers part of the program aimed at acquiring new users through social media were notified via email that their commissions would be going away starting tomorrow, according to emails reviewed by Business Insider. Coinbase’s decision comes at a…
Bitcoin (BTC) hovered at $22,000 at the July 18 Wall Street open as analysts warned that bulls would not break resistance in one go. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Can Bitcoin win back bear market support? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to consolidate after hitting highs of $22,500 on Bitstamp. That level represented the…
Transparency has long been an ideal of blockchain enthusiasts and an essential feature for DAO governance. Now, that may be changing, and it’s not all bad. To limit the downsides of transparency and protect voters from what it calls the “tyranny of the masses,” the popular DAO voting site, Snapshot, announced the launch of shielded voting today. A decentralized autonomous…
The rapidly growing but loosely regulated nonfungible token (NFT) industry already touches many areas of human endeavor “from academia to entertainment to medicine, art, and beyond,” wrote recently two United States senators in a letter to the U.S. Patent and Trademark Office (USPTO) and the U.S. Copyright Office. The legislators were requesting a study to explain how this emerging technology…
