Blockchain database firm SxT Labs raises $20M in Series A round
Framework Ventures, Lightspeed Faction, Arrington Capital and Hivemind Capital, along with Microsoft’s M12 Ventures and OKX Ventures, backed SxT Labs’ Series A round.
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South African crypto firms warn opaque regulations are harming the industry
South African crypto firms are threatening to move operations abroad if lawmakers don’t provide clear regulatory guidelines. 761 Total views 8 Total shares South African crypto firms are threatening to move abroad if local lawmakers are unable to provide regulatory clarity to its domestic digital asset industry.Speaking to Bloomberg, Sean Sanders, the CEO of local…
Crypto Software Firm Zabo Raises $2.5M in a Seed Round
Zabo has announced it has raised $ 2.5 million in seed funding, allowing it to extend its portfolio of services to continue connecting its customers’ cryptocurrency wallets to banks, brokerage firms, FinTech apps, and tax software.As detailed in a March 5 blog post, the seed round was led by Moonshots Capital and included funding from…
Central Bank Digital Currencies Could Have Legitimate ‘Role,’ Says IMF’s Lagarde
The head of the International Monetary Fund (IMF) has said the international community should “consider” endorsing central bank issued digital currencies (CBDCs) in a speech at the Singapore Fintech Festival Nov. 14.IMF managing director Christine Lagarde said that despite being “not entirely convinced” on the concept of cryptocurrencies more generally, there may be a case…
Binance reportedly wants global wealth funds to get a stake in exchange
Binance CEO Changpeng Zhao is the biggest shareholder of Binance, with a net worth estimated at $8 billion in early 2021. 506 Total views 18 Total shares Binance, the world’s largest cryptocurrency exchange, is reportedly in talks with sovereign global wealth funds to sell them a stake in the company.In addition to planned “mega funding”…
This Startup Is on a Quest to Make Decentralized Exchanges Viable for Pros
The founders of the Vega Protocol believe that the concept of order book-based decentralized exchanges is not quite dead yet.A key component of their quest to reinvigorate the concept was announced on Wednesday as a research paper. Titled “Market-Based Mechanisms for Incentivising Exchange Liquidity Provision,” the paper devises a method to overhaul the market making…
Japan may see a reduced 20% tax on crypto earnings with new proposal
The proposal calls for a separate 20% tax on crypto earnings and exemptions of any tax on crypto gains, with losses carried forward for up to three years. 171 Total views 38 Total shares The Japan Crypto-Asset Business Association (JCBA) and the Japan Crypto-Asset Exchange Association (JVCEA), the two prominent crypto advocacy groups in Japan,…
ZenGo Demonstrates Proof-Of-Concept of a Keyless Wallet for Facebook’s Libra
The non-custodial crypto wallet solution ZenGo has created an open source project that purportedly provides proof-of-concept (PoC) for its ability to support social media giant Facebook’s virtual currency Libra, according to an official announcement by ZenGo on July 2.According to the announcement, this proof-of-concept project shows that it is possible to perform Libra transactions on…
Brave Browser Wants the UK to Use GDPR to Crack Down on Google
The team behind Brave Browser thinks that Google has an unfair competitive advantage due to its massive trove of user data. In a submission filed with the United Kingdom’s consumer protection agency, Brave argued that the country’s failure to enforce European data protection laws gives Google an unfair advantage.Brave’s stanceIn an interview with Cointelegraph, Dr.…