Crypto.com Capital Hires Jon Russell as GP, Hints at Expanding Fund Size

Crypto.com Capital announced Monday that it is expanding its $200 million Web 3 fund, and it has appointed Jon Russell, a former technology journalist based in Bangkok where he wrote for Tech Crunch and The Ken, as an Asia-based general partner. Crypto.com Capital initially launched the fund in March 2021 with $200 million in capital, targeting seed and Series A deals in verticals like DeFi, NFTs, blockchain gaming and the metaverse. The fund is currently run by Crypto.com co-founder Bobby Bao and is hiring more GPs around the world. Russell…

Bitcoin Price Consolidates, Why Break above $43.5K Is The Key

Bitcoin started a downside correction from $44,500 against the US Dollar. BTC is stable above $42,800 and the bulls might aim a fresh increase above $43,500. Bitcoin is trading in a positive zone above $42,500 and $42,800. The price is trading below $43,500 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $43,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a major increase if there is a clear move above the $43,500 resistance.…

Boxing Legend Mike Tyson Says He’s ‘All in’ on Solana Crypto — Asks Fans How High SOL Will Go – Altcoins Bitcoin News

Boxing legend Mike Tyson, aka “Iron Mike,” says he is “all in on solana.” He is now asking his Twitter followers how high the price of the cryptocurrency SOL will go. Mike Tyson Asks How High the Price of Solana Will Go Mike Tyson, one of the greatest heavyweight boxers of all time, has been active in the crypto space. After announcing last week that he is “all in” on the cryptocurrency solana (SOL), he is now asking his 5.7 million Twitter followers how high they think the price of…

‘AWS for Web3’ Pocket Network Shakes Up Infrastructure of the Internet – Press release Bitcoin News

press release PRESS RELEASE. Tampa Bay, Florida, U.S.A – 16th January 2022 – Pocket Network – an infrastructure middleware protocol which facilitates decentralized cloud computing and abundant bandwidth on full nodes interoperable with DApps across all 21+ blockchains surpasses milestone 20,000 full nodes, answering a real and conceptual question around decentralization viability. Pocket Network incentivizes a global community of independent node operators and service providers running 21,000+ full nodes adding to the network’s resilience. Pocket Network is secured by over $320M worth of network infrastructure distributed globally across 23 countries…

Mike Ermolaev: 3 reasons behind the recent crypto market fall

After a year of gains and record highs, cryptocurrencies are going through a turbulent time, and the market is in extreme fear territory. Why is this not surprising? There have been several major events we need to chew on.  It took the Chinese government several years to limit the use of digital currencies, but its most recent crackdown outlawed all crypto transactions and mining within the country.  Fresh regulations from China have taken aim at ICOs, block exchanges and speculation. In a latest move to restrict cryptos, China has ordered…

An Instagram Model Launched a DAO to Build Web3 Social Media

Key Takeaways IreneDAO has become the talk of the crypto space after its first NFT collection soared in value on the secondary market. Irene Zhao launched the DAO to show the promise of her decentralized social media project SO-COL. Other similar NFTs have gained traction in recent months, while DAOs have also taken off. Share this article IreneDAO launched Friday and has quickly taken off. NFT passes to enter the DAO are already trading at 1.25 Ethereum.  IreneDAO NFTs Trade at Premium  It would appear that there’s more to DAOs…

What Is Web3? 

Muhammed AKAN/Shutterstock.com A new buzzword has taken over the internet: Web3, also known as Web 3.0 or web3. People say it’s the future—but what does that really mean? Let’s take a look at what Web3 is and what it may have in store for us. What Is Web 3.0? Web3 is a pretty nebulous term that means different things to different people. It promises an internet that relies a lot less on large companies like Google or Facebook and more on decentralized networks. The idea behind it is democratization of…

A Messari graphic reveals insider ownership amongst Web3 tokens

Insider ownership has always been a source of controversy in the crypto sector. Now, a graphic based on Messari Research data has re-ignited debates about decentralization – in Web3. To VC or not to VC Messari’s graphic was shared by Chris Burniske, a partner at Placeholder.vc, who added a quote about the centralization of wealth. “Web3 has different-colored hair, but the same DNA as earlier web paradigms, which decentralized services at an unprecedented scale to centralize wealth and influence at an unprecedented scale.” –@profgalloway Before you knee-jerk say it’s not…