OpenTrade, an on-chain institutional lending and yield products platform, has raised $3.2 million in seed funding. a16z CSX (Crypto Startup Accelerator) participated in this round. Other backers include CMCC Global, Draper Dragon, Ryze Labs, and Plassa Capital. OpenTrade’s total funding to date is $4.45 million, and the company plans to leverage the new funding to grow its team across all key functions, Jeff Handler, the company’s co-founder and chief commercial officer, told The Block. OpenTrade is built on the payments and DeFi infrastructure of stablecoin issuer Circle. USDC +0.0081% And EURC. According to the company’s website, OpenTrade allows regulated asset…
Author: Crypto Flexs
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Richard Teng, CEO of cryptocurrency exchange Binance, said the company has overcome cultural challenges after experiencing several challenges. Speaking at Paris Blockchain Week, Teng said Binance overcame cultural challenges after being fined $4.3 billion to settle charges from the U.S. Department of Justice, according to CNBC. “As the company became more mature, we moved past that. (…) We are looking at sustainability. “The direction toward significantly greater compliance is clear, so we are building a robust compliance program.” Binance CEO Richard Teng When asked about Binance’s decision to appoint most of the company’s insiders to its board of directors, Teng…
Crypto casinos, a fusion of cryptocurrency and online gambling, are reshaping the betting landscape. They emerged as digital currencies gained traction, offering a platform where players can wager using Bitcoin, Ethereum, and other cryptocurrencies. Unlike traditional online casinos that operate with fiat currency, crypto casinos provide a decentralized gambling experience. This shift not only enhances user privacy but also ensures faster transactions and access to a global market without the constraints of exchange rates and banking regulations. The inception of these casinos marks a significant evolution in the gambling world, integrating blockchain technology to foster trust, transparency, and a new level of…
Since reaching this year’s high of $0.00004749 a month ago on March 5, the price of Shiba Inu (SHIB) has fallen about 40%. Nonetheless, there may be brighter days ahead. Following a 390% surge in just 8 days from late February to early March, a sideways movement in SHIB prices was inevitable. But this phase may soon come to an end. Shiba Inu price surges 65%? On the daily chart, Memecoin is showing significant chart patterns that suggest a significant price move is imminent. Analysis of the daily SHIB/USD chart reveals a symmetrical triangle pattern. This classic chart pattern is…
A recent research paper by Anton Korinek and Donghyun Seo explores different scenarios for the transition to artificial general intelligence (AGI). This paper analyzes the impact of technological progress on output and wages, considering the possibility of full automation and its impact on the labor market. The authors discuss the competition between automation and capital accumulation, its impact on wage dynamics, and the potential for widespread productivity gains. This study provides valuable insights into the economic consequences of AGI development. The transition to artificial general intelligence (AGI) has been a topic of great interest and speculation in recent years. Many…
Saga, a new layer-1 blockchain network designed to enable creators to launch their own layer-1 chains, launched its mainnet Tuesday morning with the SAGA token initially listed on leading cryptocurrency exchange Binance.This launch marks a record-breaking Binance launch for SAGA, with a total of over 500,000 Binance customers staking approximately $13.4 billion worth of cryptocurrency in Binance Coin (BNB) and the FDUSD stablecoin, earning 45 million SAGA tokens. This is according to the full campaign. Or half of the initial circulating supply.Rebecca Liao, co-founder and CEO of Saga, said: decryptionGG stated that the mainnet launch is happening in six stages,…
MATIC price rose more than 5% and tested the $0.950 resistance. Polygonal bulls are in complete control and can target more upside above $1.00. MATIC price began a new rise above the $0.920 resistance level against the US dollar. The price is trading above $0.925 and the 100 simple moving average (4-hours). On the 4-hours chart of the MATIC/USD pair, there is a break above the main bearish trendline at $0.9150, which is the resistance level (data source from Kraken). Removing the $0.9720 resistance line could allow the pair to continue rising. Polygon prices begin a new hike After forming…
Monad Labs, developer of the Ethereum-compatible layer 1 blockchain Monad, has closed a $225 million funding round led by investment firm Paradigm.“We are thrilled to announce our $225 million fundraising,” Monad said. “This funding milestone provides us with ample resources to continue expanding our team and bring Monad into production.”Electric Capital, Coinbase Ventures, Castle Island Ventures, GSR Ventures and Greenoaks also participated in the round. Angel investors include Inversebrah, Ansem, Hsaka, punk6529, Eric Wall, Rune Christensen, Bryan Pellegrino, Luca Netz, and Mert Mumtaz, Monad confirmed.The announcement follows news last month that Monad was eyeing a $200 million-plus funding round as…
join us telegram A channel to stay up to date on breaking news coverage BitMEX co-founder Arthur Hayes said Bitcoin and cryptocurrency prices could fall around the time of Bitcoin’s halving as U.S. policymakers use “schemes” to bail out the financial system. The April 20 halving will coincide with a period of tight dollar liquidity due to tax payments due from April 15 to May 1, he said in a blog post. “Given that the halving occurs at a time when dollar liquidity is tighter than usual, it will add momentum to the furious selling of crypto assets,” he said.…
BitMEX founder Arthur Hayes reportedly sent more than $1 million worth of the decentralized exchange (DEX) altcoin GMX (GMX) to a centralized exchange. Pseudonym: On-chain analyst EmberCN says Hayes has 79,700 followers on social media platform X, where he has managed the largest private address of a GMX holder since 2022. On Sunday, the BitMEX founder transferred all of his 237,000 GMX (worth $9.78 million) to a newly created address. According to EmberCN, the address then sent 41,000 GMX worth $1.68 million to centralized cryptocurrency exchanges Binance, OKX, and Bybit. The analyst also says the newly created address likely belongs…