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3433 result(s) found.

Collector Crypt Closes Competitive Seed Round

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San Francisco, USA / California, 8th February, 2023, Chainwire

Collector Crypt, a revolutionary startup bringing the $402 billion physical collectibles market to the Web3 space, has successfully closed its seed round, securing investments from GSR, Big Brain Holdings, FunFair Ventures, Genesis Block Ventures, Master Ventures Investment Management, StarLaunch, and Telos.

Collector transforms the multi-billion-dollar collectibles industry in a way that protects collectors from the unnecessary risks, high fees, and time-wasting logistics that plague the industry. The Collector model leverages established brands, grading companies, physical vaults, and decentralized Web3 marketplaces to offer globally accessible solutions for users’ prized collectibles.

Using fully composable blockchain infrastructure, Collector streamlines all aspects of the collectibles market on a global scale. But Collector is doing more than just competing with ecommerce giants; the Collector ecosystem evolves the way collectors interact with each other and their prized collections.

“As long-time collectors ourselves, we’re all too familiar with the friction between physical collectibles and our digital world,” said Collector CEO Tuomas Holmberg. “Trading cards used to mean heading to a local meet-up with people who you probably knew. Now it’s mostly done online, with cards worth a thousand times what they were, with people you don’t know, and on marketplaces that have lost touch with advances in technology and the needs of collectors. Yet they’ll still happily charge around 13% on every trade.”

Collector now turns focus to its upcoming marketplace launch and private round. Card collectors can begin depositing their collectibles today at collectorcrypt.com, or meet the team directly on Discord to learn more about what Collector can do.

“We are thrilled to be working with the Collector team as they continue to expand their community,” said Pete Mscichowski, Venture Investor at GSR. “We look forward to supporting the next phase of Collector‘s growth through its global, accessible solutions transforming the collectibles industry.”

“Tuomas’ successful exits from previous startups and his knowledge of and enthusiasm for physical collectibles like Magic: The Gathering impressed us. We’re confident in his team’s ability to create a tailored solution for collectors to share, trade, and collateralize their collectibles. We believe Collector’s users can benefit from both a decentralized marketplace and underlying vaulting solution that keeps cherished possessions secure,” said Christian Ng, Partner at Genesis Block Ventures.

Investors, collectors, superfans, and everyone in between can join Collector’s growing community. To learn more about the platform or to enquire about future investment opportunities, contact the team via the links below. 

Contact

Twitter / Discord

About Collector

Collector transforms the collectibles market by integrating physical ownership with Web3-powered digital marketplaces. This means significantly less time-wasting, fraud, risk, and fees than what millions of collectors currently experience transacting billions of dollars annually.

Collector’s native token, COLL, is distributed as rewards and unlocks the full potential of the platform. This includes discounts, premium features, and governance rights.
To learn more about Collector, visit https://collectorcrypt.com/.

Contact

CEO
Tuomas Holmberg
Collector Crypt Inc
info@collectorcrypt.com

swappin.gifts x Coin98 collab opens a New World of IRL shopping experience

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Vaduz, Liechtenstein, 8th February, 2023, Chainwire

Coin98 Super App and swappin.gifts have launched their latest plug-in integration and collaboration: the swappin.gifts DApp is now available straight from the Coin98’s DApp Browser under the Utilities section.

Coin98 Super App, a non-custodial, multi-chain wallet and DeFi gateway, is currently one of the most popular digital wallets trusted by over 6 million of users globally.

swappin.gifts is a blockchain-based Web3 platform that offers compatibility with a vast range of digital currencies and tokens, allowing users to buy gift cards for global brands and e-commerce stores. The platform features an extensive selection of gift cards for everyday consumer products, including groceries, medicine, flights, hotels, car rentals, food ordering, and supports all Web3 connected wallets on four major chains – Ethereum, Polygon, BNB Smart Chain, and Avalanche. With a user-friendly interface, customers can easily find ideal gift cards by searching by country and brand. Gift cards purchased with crypto can be redeemed in over 50 countries. The process is simple, all users need to do is connect their wallets, choose the chain, the token, and the gift card, and they are ready to shop. swappin.gifts represent a major milestone in web3-based shopping and offers individuals the freedom to shop for everyday consumer products and gifts using crypto.

A completely new world of IRL goods and services shopping experience for Web3 users globally

The collaboration between swappin.gifts DApp and Coin98 Super App is a giant leap to the future of decentralized retail and a fresh approach to the entire off-ramp mechanism for the Web3 community.

With swappin.gifts DApp simple and robust systems and Coin98 Super App simple and all-in-one wallet, users can shop globally with just a few clicks anywhere in the world without the need to use complicated fiat solutions. 

swappin.gifts in the Coin98 utility DApp browser

swappin.gifts  DApp is extremely easy to use inside Coin98 Super App, you just need to search for swappin.gifts in the utility section or via the in-app search and start shopping globally. 

Download Coin98 Super App & start purchasing gift cards right away: https://coin98.com/wallet 

“Through this connection, Coin98 makes swappin.gifts more accessible to our 6 million+ users when they have immediate access to the platform. Together with swappin.gifts, we’re looking forward to bringing fantastic goods and services shopping experience to Web3 users in tandem with the purchasing journey in real life. Our collaboration is poised to shake up the digital gifting world. ” – Vinh The Nguyen, Co-Founder & CEO of Coin98 Finance.

“We are excited about the integration with Coin98 that brings our state-of-the-art solution to Coin98’s 6 million+ users. Our platform combines accessibility and ease of use with a strong focus on safety, security, and trust. We have successfully deployed a smart contract that protects our partners and their users. Marking a significant milestone in our personal journey that took over a year of research and development. I would like to emphasize that our smart contract is non-upgradable, as guaranteed by the blockchain and the availability of its full source code. This non-upgradability ensures the security of the contract’s features and makes them easily verifiable by anyone. At swappin.gifts, we place the utmost importance on safety and transparency. We hope that this integration will set a new standard.” – Ariel R. Abramovsky, Co-Founder & CEO of swappin.gifts 

About swappin.gifts

swappin.gifts is a DApp that allows users to purchase from a selection of thousands of different gift cards using thousands of different cryptocurrencies over several blockchains. Built on Web3 and decentralized settlement rails swappin.gifts acts as a new and transformative off-ramp solution with global coverage in more than 50 different countries. 

Twitter  | Telegram  | swappin.gifts DApp  

About Coin98 Super App

Coin98 is the #1 crypto super app designed to seamlessly connect a billion users to the crypto world safely and securely.

We offer users across the globe a comprehensive and trusted ecosystem of essential services, including but not limited to a non-custodial, multi-chain NFT & cryptocurrency wallet, built-in DEXs, Cross-chain Bridge & DApp Browser, a powerful Terminal, attractive Earn, Gift & Campaign, and Others.

Download  | Twitter  | Discord  | Telegram  | Docs  | Blog 

Contact

swappin.gifts Office
contact@swappin.gifts

London Scores Top Spot for Crypto Ready Tech Hubs

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The United Kingdom has recently entered the top spot for the world’s crypto hub for fintech firms and small and medium enterprises (SMEs). A recent survey analysed factors such as ATMs, taxes, job prospects, and platforms for developing the market, leading to the findings.

The Recap survey comes as Whitehall aims to push central bank digital currencies (CBDCs), evidencing London’s readiness to adopt a working cryptocurrency strategy.

In its list, London rose to first place for 2023, with Dubai, New York City, and Singapore taking second, third, and fourth place, respectively.

The list includes 50 global crypto capitals and analysed each location’s crypto-focused activities, including events and conferences, job prospects, number of crypto ATMs, firms, and others.

Additional factors included quality of life, capital gains tax rates, research and development (R&D), and others. London provided the largest number of crypto-focused employment in the world.

The news comes after His Majesty’s Treasury published a white paper on its proposed framework for crypto regulation. It includes multiple reference points such as stablecoins, initial coin offerings (ICOs), non-fungible tokens (NFTs), and others.

The nation has aimed to build itself as a major crypto hub, namely after Brexit, to boost its standing in emerging technologies. British Prime Minister Rishi Sunak proposed plans while serving as the former Chancellor to advance the UK’s crypto ambitions.

Coinbase-Backed DeSo Unveils MegaSwap, a “Stripe for Crypto” product, with Over $5 Million in Volume

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Los Angeles, United States, 7th February, 2023, Chainwire

DeSo is excited to announce the launch of MegaSwap – a revolutionary, cross-chain smart service that enables users to securely and easily swap coins between different blockchains with a frictionless zero-login. MegaSwap solves various critical pain points, including onboarding new users and liquidity to any web3 application across any blockchain ecosystem. 

In its limited release, the platform has already seen more than $5 million in volume, demonstrating its potential to revolutionize the crypto market with cross-chain swaps. 

MegaSwap offers an alternative and safer solution to the traditional centralized exchange model where users don’t ever have to log in or provide sensitive personal information. Instead of storing their coins on a centralized exchange, users can store them in their own self-custody wallets to mitigate the risk of unforeseen meltdowns, such as those seen with FTX, BlockFi, Celsius, or Voyager. 

MegaSwap is a simple, innovative solution for developers seeking to build web3 applications on different blockchains. Developers can install its frictionless zero-login API with a single line of code, making their apps chain-agnostic and accessible from any blockchain. For the first time, apps on Ethereum can easily compose with apps on Solana or DeSo. MegaSwap thus makes it easier for liquidity and new users to be onboarded into any blockchain ecosystem.

“One of the biggest use cases we think will have the greatest impact is onboarding new users that don’t own your coin. That all changes with MegaSwap, where devs can leverage crypto-to-crypto swaps between any two coins no matter what blockchain ecosystem they’re in. This last use case is a great wedge because it solves the biggest pain point for every blockchain dev today: getting new users without making them buy your coin on an exchange.” – Founder of DeSo, Nader Al-Naji, explains.

The blockchain ecosystem is currently fragmented, making it hard for users who want to try out different web3 apps. With MegaSwap, users can easily and securely swap between Ethereum, Solana, Bitcoin, DeSo, and USDC, with support coming soon for other blockchains like NEAR, ADA, Doge, and more! This makes it easier than ever to move funds between blockchains allowing communities to seamlessly navigate from app to app.

DeSo is committed to creating a Social Layer for Web3 that allows communities to seamlessly transition between different blockchains. The launch of MegaSwap is a testament to this commitment and eliminates a major hurdle preventing the mass adoption of cryptocurrencies.

This is yet another example in a recent string of successes for ​​DeSo. Recently, they launched a breakthrough fundraising platform called Openfund that enables entrepreneurs to launch tradeable coin-backed fundraising rounds via the world’s fastest order book exchange. 

With the combination of Openfund and MegaSwap, founders and builders can easily fund projects, acquire new users, and expand their reach with a comprehensive suite of powerful tools in the DeSo ecosystem.

They also recently partnered with Princeton University to launch the first-of-its-kind web3 startup competition and have a slew of upcoming releases that will position DeSo as the go-to layer-1 blockchain to build decentralized social media applications.

Additionally, the Social Network Hard Fork just went live, enabling decentralized verifications. They plan to move to a proof of stake later this year, improving performance and energy efficiency. 

About Deso

DeSo is a new layer-1 blockchain built from the ground up to decentralize social media and scale storage-heavy applications to billions of users. It raised $200 million and is backed by Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain Capital, Winklevoss Capital, Pantera, and other blue chip funds.

Check out the full roadmap and claim your username on deso.com.

Contact

Ash Ghaemi
DeSo Foundation
Ash@deso.org

Federal Judge Bans Sam Bankman-Fried from Contacting FTX, Alameda Employees on Signal

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A judge involved in the Sam Bankman-Fried criminal case has ordered the disgraced former executive not to contact employees, reports revealed on Wednesday.

Federal Judge Lewis Kaplan from New York’s Southern District demanded that the ex-CEO of bankrupt cryptocurrency exchange FTX cease all contact as part of his bail conditions.

He stated Bankman-Fried was prohibited from communicating with FTX and Alameda Research employees, current and former, on encrypted platforms like Signal to avoid violating his bail terms.

Judge’s Orders for SBF

According to prosecutors, the former exec contacted FTX US general counsel Ryne Miller. In a statement, Kaplan told the courts,

“The undisputed information available to the Court regarding the ‘nature and seriousness of the danger [posed] by [the defendant’s] release’ on the existing conditions has changed substantially since he was released, and there appears to be a material threat of inappropriate contact with prospective witnesses.”

He added that such as risk was “clearly and convincingly sufficient” to indicate imposing further conditions “pending the full argument of the cross-application.”

Bankman-Fried previously supported the automatic deletion of Slack and Signal messages in 2021. He told Caroline Ellison, Alameda Research’s former chief executive, to delete the apps to avoid leaving evidence for potential legal cases.

Additionally, Judge Kaplan has not ruled whether to bar access to funds from the now-defunct companies to comply with bail conditions. The defendant’s trial is set to take place in October in a New York court. He faces eight counts of wire fraud, defrauding investors, misappropriating funds, and other offences.

Courts have ordered his family members to comply with ongoing investigations, reports found.

The measures come after Bahamian authorities arrested him, Ellison, and others involved in the 11 November collapse of FTX, Alameda, and 130 affiliates. After his extradition to the United States, SBF remains under house arrest while awaiting trial for his offences.

UK Treasury Publishes White Paper Outlining Crypto Regulations

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HM Treasury has published its white paper outlining a framework for regulating cryptocurrencies, it was reported this week.

The 80-page report discusses numerous topics on digital assets, including stablecoins, initial coin offerings (ICOs), non-fungible tokens (NFTs), and others.

The published document comes amid Britian’s bid to leverage its financial capabilities to become a major hub for fintech and emerging technologies.

The regulations will join those of the UK Financial Services and Markets Act 2000 (FSMA) and will not feature a secondary scheme. This will allow the UK’s Financial Conduct Authority (FCA) to amend existing regulations to accommodate digital assets across the sector.

This will require duplicate processes, both under FCA licencing protocols and the new measures, creating more bureaucracy for investors. Despite this, regulators will not require cryptocurrency companies to report market data at regular intervals but instead ready the data at all times when needed.

Additional Rules and Regulations

The Government did not ban algorithmic stablecoins, countering measures from other nations. Rather than labelling them as stablecoins, they will qualify the assets as “unbacked crypto assets.”

A stipulation is that crypto lenders should monitor collateral valuation and contingencies for potential failures in the market.

Consultations close on 30 April, where the UK Government will seek advice from cryptocurrency firms, trade associations, financial institutions, and others for guidance.

The news comes after the Treasury launched a LinkedIn job posting for a Head of Digital Currency on Tuesday. This signalled the UK’s readiness to launch plans to position as a major crypto hub.

Core Scientific Files Request For $70m B Riley Loan

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Core Scientific (CORZ), one of the world’s biggest Bitcoin (BTC) mining firms, has struck a deal on a $70 million loan from investment bank B Riley.

The company said in its filing it would request the loan from bankruptcy courts in Houston, Texas as part of its financing plan outlined in December.

Receiving the funds will allow the troubled firm to pay off its debtor-in-possession (DIP) offices, providing the firm up to 15 months of additional time.

It will also use the funds to replace its current facility and maintain its operations amid a massive bankruptcy, reports showed on Tuesday.

According to Core Scientific, the new loan conditions were “reasonable and generally superior” to its DIP facility terms. A hearing is set to take place on 1 February, the document revealed.

“The Replacement DIP Facility lays the foundation on which the debtors will seek to negotiate a consensual Chapter 11 plan with all of their key constituents and maximize value for all stakeholders,” it added.

Crypto Crisis Contagion Spreads

The news comes after last year’s cryptocurrency bear market sent markets reeling due to the collapse of disgraced crypto exchange FTX. The crisis triggered further issues with Core Scientific’s operations due to plummeting cryptocurrency prices and rising gas and electricity fees.

Prior to the collapse, the company held 10 percent of computing shares on Bitcoin’s network. To date, it owes up to 5,000 creditors and faces liabilities from $1 billion USD to $10 billion USD.

Core Scientific continued its operations despite filing for Chapter 11 bankruptcy, financing its operations by selling over 6,900 BTC. Additional firms such as Genesis, Voyager, and Three Arrows Capital (3AC) also failed due to ongoing crises in the crypto market.

Cardano, Dogecoin In Crypto Superiority Battle; Big Eyes Coin Closes In On USD 22 Million

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In a marketplace, it is not abnormal to notice rivalry from different market stakeholders, especially those who have commodities or services up for sale or patronage. That sense of competition is quite healthy for the industry, especially when the competition is a devoid of bitterness and animosity.

As the cryptocurrency market continues to recover from the downturn it witnessed in mid-2022, crypto currencies have been going shoulder-to-shoulder in ensuring they secure enough investor base necessary to stay afloat. It is a matter of fact that cryptocurrency strives in the strength of its community, therefore, the larger the community of a currency, the bigger it gets.

As we look at one of the fiercest rivalries in cryptocurrency – Dogecoin vs Cardano – we will also examine one of the most promising tokens which have gotten people talking and generating buzz around the marketplace. We will also explore the presale meme coin Big Eyes Coin (BIG) and how it is disrupting the crypto scene.

Cardano ‘Carting’ Home Numbers

Cardano (ADA) has seen a bull trend from the start of the year, gaining by 65% and reaching a high of USD 0.39. Additionally, throughout that time, the coin’s market cap increased by about $5 million, staying above the Elon Musk-backed Dogecoin, both in market value and market capitalization.

ADA has resisted moving over USD 0.40, but if it does, there is a significant probability that it will continue to rise and perhaps double in value over the course of the following month. ADA is also supported by fundamentals that could help the coin grow back up to $1.

The recently released Djed stablecoin may potentially enhance the value of ADA because it is expected to raise the token’s worth by enhancing the network’s Total Value Locked measure.

Dogecoin Aims To Topple Cardano With Twitter Payment

The Financial Times reported on Tuesday that Elon Musk is considering adding a payment system to Twitter, which fueled rumors that the business would integrate the alternative currency into his social media platform and send Dogecoin to new heights. Since the news, Dogecoin has been on an upward trajectory.

According to the article, Twitter has begun creating the software required to implement payments on the system and asking for regulatory licenses as part of its effort to develop a new revenue stream for the site.

According to insiders who spoke to the FT, a team at Twitter is also building a vault for securely keeping user data that a payment system would gather.

Big Eyes Coin Within Touching Distance Of USD 22 Million

The community meme token, Big Eyes Coin (BIG) focuses on NFTs. NFTs play a critical role in Big Eyes’ long-term goals. Furthermore, it promises to increase global decentralization and safety. Big Eyes assumes the appearance of an attractive cat. The cat’s behavior has been influenced by its mixed American and Japanese upbringing. By making gifts to charities, this cat hopes to contribute to a safe and healthy ocean.

Building a solid community and making a positive impact on society are both goals of Big Eyes, as it aims to build a strong investor base that will make a significant positive impact in the digital currency industry. Big Eyes Coin has, in the space of time in which it has operated, earned the trust and confidence of investors, due to having a formidable team and a clear set path for market growth and sustainability.

Still, in presale, Big Eyes Coin has generated almost USD 22 million and is set to go live in no distant time. Big Eyes’ achievements are, however, not unconnected to the 200% launch bonus offer which investors have been cashing in on. As a result, investors now earn 3 times their investment when they buy Big Eyes’ tokens. Get your own 200% launch bonus by using the promo code: “LAUNCHBIGEYES200”.

Find out more about Big Eyes Coin (BIG):

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Equinoz’s ‘Cybernetics’ Was Sold Out In 4 Minutes On PlayNomm NFT Marketplace

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Souel, Korea, 1st February, 2023, Chainwire

  • NFT auction on playNomm for a pre-drop event of NFT Korea Festival
  • Artwork was sold out at its highest buyout of US$16,000 in 4 minutes

On January 31st, on NFT marketplace playNomm (CEO, Sung-Uk Moon), Equinoz’s, one of Superchief Gallery NFT artists, artwork recorded a sold-out 4 minutes into the auction, through the artist’s all-time high buyout price.  

As a second pre-drop edition of the upcoming “NFT Korea Festival” in March, Equinoz’s ‘Cybernetics’ was revealed and started a 7-day auction on January 31st. The auction was supposed to be carried out until February 8th. However, just 4 minutes into the auction, this artwork was bought out by a collector for 40,120 LM, equivalent to US$ 16,937, ending the auction. 

(Equinoz)

Equinoz is a 3D artist who creates delicate and intertwined images between virtual and reality, under the theme of “Visible Future”. He is an active artist selling on many other NFT platform such as Open Sea and Super Rare, and also works in various fields such as games, commercial videos, music, clothing brands, etc

As a pre-event of the NFT Korea Festival, three NFT auction is held on playNomm NFT marketplace. The 1st drop was Shavonne Wong’s ‘Light in the Shadow’ which was sold for 65,800LM, the equivalent of US$26,776. As the 2nd drop, Equinoz’s ‘Cybernetics’, has achieved an early sold-out with a high buy-out price, expectations are growing for the 3rd auction starting on February 16th with the artwork of Davey Perkins.     

(‘Cybernetics’)

The NFT Korea Festival is to be held on March 7th and 8th 2023, at DDP, Seoul. A collaboration with Superchief Gallery NFT, this will be one of the largest gathering of NFT industry and Web 3.0 leaders in Asia. There will be over 120 pieces of NFT artwork from 120 Global and Korean NFT artists on display, renowned Web 3.0 leaders sharing their thoughts and views, and many more exciting events at this NFT festival.   

The NFT marketplace 2.0 playNomm is the first service platform of LeisureMetaverse project. It is evaluated as having unique tokenomics, based on an Act To Earn (A2E) reward model, and combining the utilities that can be used in real life. 

“We have experienced a lot of interest and sold out for our 1st and 2nd limited pre-drop, even in this crypto winter. We could tell that users are still very interested in NFTs. So, starting with the NFT Korea Festival at DDP in March, playNomm will make a step in expanding the NFT ecosystem and becoming the global NFT Hub.”, said Moon Seong-eok, CEO of Playnom.

For more information, visit: 

Instagram | Twitter | Website 

Contact

Media team
playNomm Inc.
contact@playnomm.com

US Fed Rejects Custodia Request to Join Reserve Payment System

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The United States Federal Reserve Board rejected Custodia’s request to join the central bank as a member of its payment system. The news notes a blow to the cryptocurrency industry as it aims to receive more mainstream acceptance.

The Federal Reserve stated in a press release that Custodia’s business plan and crypto assets focus could lead to significant “safety and soundness risks.” It also did not receive federal deposit insurance.

According to Custodia, it is a “special purpose depository institution.”

The Reserve explained further,

“The Board has previously made clear that such crypto activities are highly likely to be inconsistent with safe and sound banking practices. The Board also found that Custodia’s risk management framework was insufficient to address concerns regarding the heightened risks associated with its proposed crypto activities, including its ability to mitigate money laundering and terrorism financing risks.”

Reports show that Custodia used a Cheyenne, Wyoming-based special state licence to issue cryptocurrencies. Formerly Avanti, Custodia later filed a lawsuit against the Kansas City Federal Reserve Bank, citing claims the latter delayed a crucial decision to access the Fed as a master account.

Master accounts provide firms with access to payment systems linked to the Federal reserve. This allows streamlined transactions when switching from cryptocurrencies to fiat currencies.

Caitlin Long, Custodia’s chief executive, responded: “Custodia is surprised and disappointed by the Board’s action today. The Board’s denial is unfortunate but consistent with the concerns that Custodia has raised about the Federal Reserve’s handling of its applications, an issue we will continue to litigate.”

Federal Reserve Cautions against Crypto Deposits

The news comes after the Fed previously dismissed cryptocurrencies as having safe and sound banking practices. Michael Barr, Federal Reserve vice chair of supervision, stated that banks accepting crypto firm deposits could face increasing liquidity risks.

Barr explained that the Fed was working jointly with the US Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. Doing so would allow the Fed to warn the finance sector of the risks linked to moving to deposits in the crypto industry. He added banks may face massive deposit fluctuations due to price swings across cryptocurrencies.

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