SevenX Ventures is a community and research-driven blockchain investment firm built alongside entrepreneurs. They invest in blockchain startups and projects shaping the future of open finance and decentralized networks. Their portfolio covers more than 100 projects, including DeFi (DODO, Zerion), NFT (Whale, AlchemyNFT), Polkadot ecosystem (Acala, Litentry), AR ecosystem (Koii, Everpay), Near ecosystem (Aurora, Octopus), Web3.0 (YGG, Mask Network), etc.…
Bitso, a major Latin American cryptocurrency exchange, is collaborating with the USD Coin (USDC) stablecoin operator Circle to launch a new cross-border payment tool between Mexico and the United States. The company announced on Thursday that the integration with payment solutions from Circle aims to provide Mexican people with a new option to send and receive payments to or from…
Crypto.com’s native cryptocurrency CRO hit an all-time high of $0.593 on Nov. 18 after the company won the naming rights to Los Angeles’s Staples Center. The cryptocurrency trading platform announced Tuesday night that it had paid $700 million to the Anschutz Entertainment Group (AEG) to rename Staples Center to Crypto.com for the next twenty years. In doing so, it gained links with the…
Bitcoin (BTC) chopped and changed on Nov. 18 but held a critical support level to preserve the chance of new all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $90,000 remains on the table Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it ranged between $59,000 and $60,000 Thursday, seeing $1,000 swings in minutes. With the pair’s overall…
intermediate ICON Overview: How Does It Work? ICON is a decentralized blockchain network created for communication between individual communities and blockchains. The main goal of the ICON team is to provide a decentralized framework for web applications of companies from a variety of industries. ICX tokens belong to the ERC-20 standard. Several independent blockchains are operating on the site. The…
NBA basketball team the Houston Rockets has partnered with NYDIG, a leading bitcoin solutions provider, to be the team’s official bitcoin services partner. The deal will provide the team with cryptocurrency-related opportunities and give NYDIG exclusive exposure in the team’s social, digital, and arena platforms. The full amount of the sponsorship, which was not disclosed, is being paid in bitcoin.…
Without a doubt, 2021 has been a momentous year for nonfungible tokens (NFT). The nascent market has seen unprecedented growth as sales volume from January to date nears $10 billion — a 14,500% surge from 2020. The NFT marketplace OpenSea is responsible for processing a great chunk of that. OpenSea controls a majority of NFT sales and has processed more…
Cryptocurrency transactions are now subject to tax laws in Argentina, per the Buenos Aires Times. The Argentine government published a decree yesterday that meant crypto transactions are now subject to the country’s credits and debts tax laws. The decree reportedly aims to clarify—and limit—tax exemptions granted to third-party payment service providers. The new rules also confirm that crypto transactions are…
OpenSea’s massive year may have just gotten a bit bigger. Initial reports from The Information indicate that the NFT platform is currently preparing for another round of funding. The news outlet reported that the crypto firm’s new valuation would be a whopping $10 billion. Investors in this round are unnamed, and OpenSea has yet to respond for comment at press…
About the author Steven Kelly is a Research Associate at the Yale Program on Financial Stability. Follow him on Twitter @StevenKelly49. How should stablecoins be backed—by cash, or other assets too? This question about stablecoin reserves has been the subject of fierce debate among policy makers and crypto executives. Yet a long-awaited report on stablecoins barely addressed the topic. The report,…
