September 27, 2022

Microsoft’s M12 leads Space and Time’s million raise to bring SQL to web3

Microsoft’s M12 leads Space and Time’s $20 million raise to bring SQL to web3

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QUICK TAKE Microsoft’s M12 leads Space and Time’s $20 million strategic fundraise, which comes two months after its seed raise announcement. Space and Time will also partner with Microsoft Azure to provide an on-ramp to access, manage and perform analytics on blockchain data. Web3 data warehousing platform Space and Time raised $20 million in a strategic funding …

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Bitdeer to invest in lending fund for bitcoin miners: Report

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QUICK TAKE Bitcoin mining company Bitdeer’s chairman Jihan Wu is launching a lending fund of up to $250 million for “distressed” mining companies. The decline in bitcoin prices, coupled with factors like rising energy prices has slimmed margins for these companies. Jihan Wu, chairman of bitcoin mining company Bitdeer, is launching an investment fund for …

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Japan plans new crypto transfer rules to combat money laundering

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Japan is planning to introduce remittance rules to prevent money laundering through cryptocurrencies, Nikkei Asia reported Tuesday. Fast facts The Japanese authorities plan to revise “The Act on Prevention of Transfer of Criminal Proceeds” to require exchanges to provide user data when sending crypto to another exchange, according to Nikkei Asia. The amendment is expected to be …

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Cosmos contributors release new whitepaper showcasing two big ideas

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QUICK TAKE Cosmos contributors have proposed two new functionalities for the network’s central chain called the Cosmos Hub. The first functionality is called Interchain Scheduler, a cross-chain marketplace for maximum extractable value. Interchain Allocator is the second functionality that aims to enable “economic coordination” around the ATOM token. On Monday, a group of Cosmos contributors …

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Robinhood launches self-custody wallet to 10,000 waitlist users

QUICK TAKE Robinhood launched its self-custody wallet on Tuesday. The web3 wallet will go out to 10,000 iOS customers, who signed up for the waitlist in May. Robinhood’s self-custody wallet has launched in beta to 10,000 iOS customers globally. Robinhood Wallet, a standalone app on the Apple Store, allows users to trade and swap crypto …

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Report: Korean authorities orders freeze of $67M of Bitcoin tied to Do Kwon

The latest discovery in the long-drawn Terra ecosystem saga contradicts many of Do Kwon’s early claims. NEWS South Korean authorities have requested crypto exchange OKX and Kucoin to freeze 3,313 Bitcoin (BTC) reportedly tied to Do Kwon, the co-founder of Terra blockchain developer Terraform Labs. Kwon, who is currently on the run from the …

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VeChain social mentions hit a peak in Q3 2022 with strong bullish sentiment

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VeChain is one of the cryptocurrency projects that has seen increasing attention driven by the fact that its native token VET, can address key problems in trustless data for a variety of businesses, including the financial sector, the energy sector as well as the food and beverage industry, among others. Notably, VeChain has seen a spike …

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Japan set to introduce anti-money laundering laws targeting crypto exchanges

Japan is ramping up its initiatives to regulate the use of cryptocurrency in aiding criminal activities through exchanges by revising some of the existing financial sector laws. In particular, Japanese regulators are set to introduce new remittance laws that will bar criminal entities from using crypto exchanges to launder money, Nikkei reported on September 27. The laws likely to take effect next spring will see a …

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Powell: Crypto market downturn gives regulators ‘more time’

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QUICK TAKE The current crypto market downturn gives regulators more time to pass “appropriate” regulations, according to Federal Reserve Chair Jerome Powell. While talking about regulating stablecoins, Powell reiterated that the U.S. is not pursuing a central bank digital currency at this time. The ongoing downturn in cryptocurrency markets is giving global regulators “more time” …

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Vietnam’s crypto adoption: Factors driving growth in Southeast Asia

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Vietnam has the highest crypto adoption rate in the world. There are numerous factors driving the trend. ANALYSIS The Southeast Asian nation of Vietnam now ranks among the top nations adopting cryptocurrencies. Indeed, the country has ranked first on Chainalysis’ Global Crypto Adoption Index for two years in a row. Chainalysis’ research methodology took into account …

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Microsoft’s M12 leads Space and Time’s $20 million raise to bring SQL to web3

Bitdeer to invest in lending fund for bitcoin miners: Report

Japan plans new crypto transfer rules to combat money laundering

Cosmos contributors release new whitepaper showcasing two big ideas

Robinhood launches self-custody wallet to 10,000 waitlist users

Report: Korean authorities orders freeze of $67M of Bitcoin tied to Do Kwon

VeChain social mentions hit a peak in Q3 2022 with strong bullish sentiment

Japan set to introduce anti-money laundering laws targeting crypto exchanges

Powell: Crypto market downturn gives regulators ‘more time’

Vietnam’s crypto adoption: Factors driving growth in Southeast Asia

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