EIB settles €100 million digital bond on private blockchain

According to a new press release on Nov. 29, the European Investment Bank, or EIB, issued a first-ever euro-denominated €100 million digital bond on a private blockchain-underpinned platform with tokenization help from Goldman Sachs. The latter, along with Société Générale Luxembourg, also act as the on-chain custodians for the financial instrument. The bond bears interest at a coupon rate of 2.57% per year with a maturity date of Nov. 29, 2024, and is governed by Luxembourger laws.  Banque de France and the Banque Centrale du Luxembourg participated in the project…

FTX Contract Deployer Unlocks 192 Million FTT, Exchange Token’s Questionable Tokenomics Highlights Red Flags – Altcoins Bitcoin News

Following the collapse of FTX and the exchange filing bankruptcy on Nov. 11, the trading platform’s exchange token called ftx (FTT) has shed 91.6% in value during the last seven days. While the FTT token’s utility is based entirely on the backing of the now-bankrupt FTX and Alameda Research, the token is still trading for $1.85 per unit. Moreover, FTT’s deployer contract surprisingly unlocked 192 million FTX tokens on Nov. 12, 2022. While a few crypto exchanges have halted FTT deposits, crypto coin aggregation sites like coingecko.com have flagged the…

Former Google ads boss raises $40 million for ‘Web3’ search startup

Google’s senior vice president of advertising and commerce Sridhar Ramaswamy Krisztian Bocsi | Bloomberg | Getty Images A top former Google executive wants to make searching the blockchain easier with his new startup. Sridhar Ramaswamy, who led the internet giant’s ad business from 2013 to 2018, has started a new company called nxyz. The venture is officially launching Wednesday after attracting investment from several top investors, he told CNBC exclusively. Armed with a rolodex of eminent Silicon Valley connections, Ramaswamy secured $40 million in funding in May to establish nxyz as…

Crypto.com Mistakenly Sent $10.5 Million to Client Instead of a $100 Refund

Crypto.com According to 7News, two Melbourne women, Manivel Thevamanogari and her sister Gangadory Thevamanogari got a AUD$10.5 million deposit from Singaporean cryptocurrency exchange Crypto.com after the latter made an error in giving a AUD$100 refund. An employee reportedly inserted an account number in the payment box instead of the return amount, resulting in an incorrect transfer to their bank account. According to court filings, the beneficiary utilized a portion of the monies to purchase a lavish property shortly after receiving them. The event happened in May 2021 but was not…

Robinhood’s Crypto Unit Fined $30 Million By New York Financial Regulator

The New York Department of Financial Services, or NYDFS, has fined Robinhood’s cryptocurrency arm $30 million for suspected anti-money laundering violations, cybersecurity, and consumer protection regulations. NYDFS Superintendent Adrienne Harris announced on Tuesday that Robinhood Crypto would pay a $30 million penalty to the state “for major violations in the areas of bank secrecy act/anti-money laundering responsibilities” and cybersecurity issues that allegedly breached New York regulations. Robinhood’s crypto subsidiary, according to Harris, will also be compelled to employ an independent consultant to examine the firm’s compliance and rehabilitation activities.  …

Variant raises $450 million for web3 projects despite crypto winter

Each “crypto winter” is different from the last, but every winter—or what non-crypto people would call a bear market—has something in common: It gives rise to a new surge of innovation. That’s why Variant, an early stage crypto-focused fund, sees great opportunity in the current state of things, its co-founders Jesse Walden and Li Jin tell Fortune. “We feel like in the next three to five years, we’re going to see a wave of really high quality projects that then drive us towards mainstream [crypto] adoption,” Jin said. Jin and…

Web3.0 Wallet BitKeep Completes Series A Funding With Over $15 Million Raised

Bloomberg News – BitKeep, a Singapore-based Web3.0 cross-chain wallet, announced on May 18 that the company hit a $100 million valuation after the completion of a $15 million Series A funding. Bitkeep wallet has risen to be the leader of Asia-based blockchain wallets in terms of user base, revenue, and valuation.  Mia from Dragonfly Capital, the lead investor in this round, said: “BitKeep has survived for a complete cycle in the blockchain industry and prospered. The team behind it gained a deep understanding of crypto wallets through continuous iteration of…

The Pitch Deck a Crypto and Web3 Startup Used to Raise $70 Million

0x Labs builds infrastructure for crypto and Web3 exchanges. Greylock Partners, Brevan Howard, and Coinbase all invested in the startup’s latest funding round. Its founders shared the pitch deck they used to raise $70 million with Insider. 0x Labs, a Web3 startup that builds infrastructure used by decentralized crypto exchanges, raised $70 million in a Series B funding round last month. VC firm Greylock Partners led the funding round, which also pulled in investment from European hedge fund Brevan Howard and leading crypto exchange Coinbase. Internet entrepreneur Reid Hoffman and…

Anmol Network Secure $1 Million in Seed Funding, Investor Group Reflects Strong Support for Mass-Adoption of Web3 Technologies

LOS ANGELES, CA / ACCESSWIRE / May 3, 2022 / Anmol Network, creator of a multichain portal into the Web3 space focused on ease of use, and accessibility, has announced today that it has closed $1 Million in seed round funding led by AU21 Capital, with strategic investment from Bitcoin.com, MEXC Global Exchange, YBB Foundation, Lotus Capital, HG Ventures, and Rob Hanneman. The round was oversubscribed. Anmol Network, Tuesday, May 3, 2022, Press release picture Closing a seed round while securing partnerships with industry leaders such as Polygon, Darwinia, Crust…