FTX adds 7 billion USD monthly, Firefighters Buy BTC & ETH, Worldcoin etc. are the highlights of the crypto market in the last 24 hours.
FTX cryptocurrency exchange has announced the end of a Series B-1 fundraising of $ 420,690,000, bringing the company’s valuation to $ 25 billion, up $ 7 billion from July this year. The round was attended by 69 investors, including the Ontario Teachers’ Retirement Planning Board, Temasek, BlackRock-managed funds and accounts, and others. This round will allow FTX to expand into new jurisdictions and improve its existing offerings, the company said.
The Valkyrie Bitcoin Strategy Fund, the second exchange-traded U.S. Bitcoin (BTC) futures fund (ETF), will hit the market Thursday through Friday, Bloomberg reports. The company plans to trade under the ticker-ticker BTFD, but changed it back to the originally planned BTF.
Cryptocurrency startup Copper has started talks with investors about a new round of funding that could bring them to more than $ 2 billion, Business Insider reported. The company previously raised $ 75 million and has approximately 160 employees in offices in London, New York and Singapore.
The Houston Fire Department Retirement and Relief Fund, which has more than $ 4 billion in assets, has invested $ 25 million in Bitcoin and Ethereum (ETH) through asset manager NYDIG, according to Bloomberg. Their chief investment officer said he preferred to invest in these cryptocurrencies directly rather than taking the risks associated with futures-related investments.
Worldcoin, a heavily supported startup aiming to create a new cryptocurrency from the ground up that will power everyone on earth, launched in stealth mode on Thursday. The company claims to have gained more than 100,000 users worldwide to date and aims to reach the 1 billion user mark by 2023, according to CNBC.
Worldcoin has also announced field trials of its Orb biometric device.
“We are in the early stages of developing Worldcoin’s long-term governance strategy, funding program and partnership roadmap. “, announced the company on its website, without giving a possible schedule.
They also added that Worldcoin is secured by the underlying Ethereum network. To protect against fraud during the initial coin distribution, Worldcoin wants to use a hardware device to scan the iris to confirm that each user is a unique person.
The IOTA Foundation has announced the beta version of IOTA Smart Contracts, which, according to the Foundation, enables users to create and execute custom smart contracts in a mindless network with the support of the Ethereum Virtual Machine (EVM). Developers can set their own implementation fees, which can also be zero.
The Associated Press says it will make its business, sports and racing call records available through Chainlink (LINK) for blockchains, allowing smart contracts on each blockchain to interact with the data in the real world of AP.
Cryptocurrency-focused investment management firm Meta4 Fund Management has announced the launch of Meta4 NFT Fund I, an investment vehicle that will buy rare copies of a non-fungible token (NFT). The new private equity fund has secured a significant investment from Andreessen Horowitz (a16z), while the fund has invested in digital art and collectibles (e.g. Bored Ape Yacht Club), NFT-related games (e.g. Zed Run) and bought in connection with the metaverse (i.e. virtual land).
Randal Quarles, a member of the board of directors of the US Federal Reserve, said he did not understand the reasons for issuing central bank digital currency (CBDC), stating that the vast resources, as well as the technological risks, could outweigh the benefits. He’s also not sure how a CBDC can address financial concerns as its proponents claim.
In response to U.S. Senators, the stablecoin project Diem split from Facebook, claiming they were an independent organization, while Facebook’s Novi was just another member of their association. They also claim senior executives have called it “the best-designed stablecoin project the US government has seen.”
Cryptocurrency mining company Hut 8 Mining has announced the purchase of $ 58.7 million for 12,000 new miners from Inchigle Technology. Mining machines are expected to be delivered from January 2022 at a delivery rate of around 1,000 machines per month, with full deployment expected in December 2022, increasing the miner’s capacity to around 3.57 EH / s.
Blockchain platform Orbs has announced the launch of its Open DeFi Decentralized Financial (DeFi) Notification Protocol, which aims to provide users with free mobile notifications for on-chain events. The log uses contributions from community members to record events such as pending cumulative rewards, price movements, impending liquidation, stop loss, contract upgrades, new governance votes, and more.
The Ethereum Balancer (BAL) and Gnosis (GNO) protocols have announced the launch of the Balancer-Gnosis Protocol (BGP), which offers users optimized liquidity, transaction prices and gas costs. BGP eliminates the need for an outside market maker or liquidity provider, they said.
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