paradigm

Paradigm Launches $2.5 Billion Venture Fund to Invest in Next Generation of Crypto Companies and Protocols

Source Node: https://news.bitcoin.com/paradigm-launches-2-5-billion-venture-fund-invest-next-generation-crypto-companies-protocols/
Time Stamp: November 15, 2021 7:30 PM - Modified On: November 15, 2021 - Published By:
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Republished By Plato

Investment firm Paradigm has launched a $2.5 billion venture fund to invest in the next generation of crypto companies and protocols. The firm believes that the “new fund and its size are reflective of crypto being the most exciting frontier in technology.” $2.5 Billion Fund for Crypto Industry Investment firm Paradigm announced Monday the launch of a $2.5 billion venture fund to invest in the next generation of crypto companies and protocols. Matt Huang and Fred Ehrsam, who co-founded Paradigm in 2018, explained: Our conviction in these beliefs has only

RMRK Token Becomes First Kusama Statemine Token Tradable on CEXes

Source Node: https://beincrypto.com/rmrk-token-the-first-kusama-statemine-token-tradable-on-cexes/
Time Stamp: September 30, 2021 7:04 AM - Modified On: September 30, 2021 - Published By:
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Republished By Plato

The RMRK Association announces that the $RMRK token, the utility and governance token of the most advanced NFT protocol created to date, is now available for purchase on Kucoin and Gate.Sponsored Sponsored This is the very first Statemine fungible token to be available for trading globally. Statemine is a public-good parachain on the Kusama network, Polkadot’s canary network, designed to be the canonical balance-keeper of thousands of different fungible and non-fungible tokens. RMRK is the first such token to become globally tradable through CEXes. Some of $RMRK’s many utilities include:Sponsored

Time Magazine’s NFT sale peppered with technical problems 

Source Node: https://bitcoinerx.com/blockchain/time-magazines-nft-sale-peppered-with-technical-problems/
Time Stamp: September 26, 2021 3:54 AM - Modified On: September 26, 2021 - Published By:
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Republished By Plato

When Time Magazine announced it would finally launch its NFT collection, everybody expected that it would sell out quickly, given the magazine’s rich and valuable media content.  While this expectation was indeed met when its NFT collection comprising 4,676 digital art pieces were sold out in just one minute, there was one thing that buyers didn’t expect: Technical glitches.  According to reports, users have experienced gas prices reaching 9,000 gigawei for a rapid transaction. When the minting process was finished, there were roughly 700 holders of NFTs.  Gigawei is a

Slow But Steady: FATF Review Highlights Crypto Exchanges’ Struggle to Meet AML Standards

Source Node: https://cointelegraph.com/news/slow-but-steady-fatf-review-highlights-crypto-exchanges-struggle-to-meet-aml-standards
Time Stamp: August 8, 2020 9:00 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

In June 2019, the intergovernmental Financial Action Task Force (FATF) introduced its revised set of standards for virtual asset service providers. The document establishes the anti-money laundering and counter-terrorism (AML/CFT) requirements that regulated VASPs —  the term mainly referring to cryptocurrency trading platforms — must eventually implement in their day-to-day operations. The guidelines are framed as recommendations, and the FATF leaves it to the participating nations’ governments to develop their own regulations in accordance with suggested principles.The watchdog has also set a 12-month review timeframe to monitor the public and