VC Roundup: Venture firms push Web3 forward despite macro headwinds

Nonfungible tokens (NFTs) have been in the headlines for the past few years. While swaths of the population have tried to get their head around why NFTs exist, demand has soared, institutions have been built, and the lingo has entered our collective consciousness.There is an elephant in the room, though: NFTs are difficult to use…

A proposed U.S. national defense bill could subject stablecoins issuers to KYC and AML requirements they would be unable to comply with, said Berenberg analyst Mark Palmer. 232 Total views 1 Total shares Circle’s USD Coin (USDC) and other stablecoins could potentially face a compliance nightmare if a new national defense bill that passed in…

Bitcoin (BTC) is in a “dire condition” when it comes to adoption — but a silver lining is already visible, new research says.In the latest edition of its weekly newsletter, “The Week On-Chain,” crypto analytics firm Glassnode said that Bitcoin was going through a “great detox.”Bitcoin adoption returns to March 2020Current BTC price action is…

The Bottle Pay service, which allowed users to send Bitcoin (BTC) via social media accounts, announced on Dec. 13 that it would be shutting down due to Anti-Money Laundering (AML) regulations. Funds will remain available for withdrawal until 13:00 GMT on Dec. 31, 2019.New user data collection would negatively impact user experienceBottle Pay, developed by United…

Dash is set to release its Ethereum decentralized finance bridge after months of testing. 2119 Total views 32 Total shares Payments-focused crypto project Dash (DASH) is officially launching its Ethereum DeFi bridge.According to an announcement issued on Wednesday, the foray into decentralized finance is made possible via a partnership with DeFi gateway protocol StakeHound and…

Bitcoin (BTC) miners appear to be selling large amounts of BTC once again. Data from CryptoQuant shows that the BTC Miners’ Position Index  — a metric tracking the ratio of BTC leaving miners' wallets — achieved a three-year high. This trend indicates that miners are likely selling BTC on over-the-counter (OTC) or spot exchanges.Bitcoin Miners'…

Leading cryptocurrency exchange Bibox is launching an incubator for blockchain projects called Bibox Orbit, according to an announcement published on March 30.Estonia-based Bibox —  the ninth largest cryptocurrency exchange in terms of adjusted trading volume — has revealed that it is rolling out Bibox Orbit, an incubator for blockchain projects.The announcement does not specify the…