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CONGTelegram username auction platform Fragment has sold $50 million worth of usernames
Telegram founder Pavel Durov just said in his TG personal channel that the fully decentralized auction platform Fragment sold 50 million US dollars worth of usernames in less than a month. This week, Fragments will expand beyond usernames. The next step for Telegram is to build a suite of decentralized tools, including non-custodial wallets and decentralized exchanges, for millions of people to safely trade and store cryptocurrencies. He also said that in light of the recent FTX events, block...
CONGXDAO, a multi-chain DAO builder, completed a $2.3 million seed round of financing
Multi-chain DAO builder XDAO has raised $2.3 million in a seed round at a $50 million valuation. Investors in the round included Panony, DWF Labs, Telos Foundation, and Grizzly Capital. Chief Executive Vlad Shavlidze said in an emailed statement. The funds were raised through a token sale, which ended on November 21. Investment terms include a 12-month lock-up period with a 36-month linear vesting period, as well as token economics tailored to the crypto bear market, Shavlidze said.
CONGFTX Executive: Over $1 Billion in Cash Assets Has Been Determined
FTX executives said at a procedural hearing on Tuesday that more than $1 billion in assets had been identified. FTX identified approximately $720 million in unconsolidated cash assets at financial institutions authorized by the U.S. Department of Justice. Mary Cilia, FTX's new chief financial officer, said it is contacting the banks and changing the signatories on the accounts so they can access the accounts and transfer as much cash as possible to authorized depository institutions. Ano...
CONGTelegram username auction platform Fragment has sold $50 million worth of usernames
Telegram founder Pavel Durov just said in his TG personal channel that the fully decentralized auction platform Fragment sold 50 million US dollars worth of usernames in less than a month. This week, Fragments will expand beyond usernames. The next step for Telegram is to build a suite of decentralized tools, including non-custodial wallets and decentralized exchanges, for millions of people to safely trade and store cryptocurrencies. He also said that in light of the recent FTX events, block...
CONGXDAO, a multi-chain DAO builder, completed a $2.3 million seed round of financing
Multi-chain DAO builder XDAO has raised $2.3 million in a seed round at a $50 million valuation. Investors in the round included Panony, DWF Labs, Telos Foundation, and Grizzly Capital. Chief Executive Vlad Shavlidze said in an emailed statement. The funds were raised through a token sale, which ended on November 21. Investment terms include a 12-month lock-up period with a 36-month linear vesting period, as well as token economics tailored to the crypto bear market, Shavlidze said.
CONGFTX Executive: Over $1 Billion in Cash Assets Has Been Determined
FTX executives said at a procedural hearing on Tuesday that more than $1 billion in assets had been identified. FTX identified approximately $720 million in unconsolidated cash assets at financial institutions authorized by the U.S. Department of Justice. Mary Cilia, FTX's new chief financial officer, said it is contacting the banks and changing the signatories on the accounts so they can access the accounts and transfer as much cash as possible to authorized depository institutions. Ano...
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The International Committee of the Red Cross (ICRC) is developing a cryptocurrency alternative to cash and voucher aid through a partnership with L1 blockchain Partisia, The Block reports. If successful, it could lead to the ICRC delivering aid through "stable utility tokens" whose value would be pegged to asset prices in a manner similar to stablecoins. Currently, this is distributed via paper vouchers or cash, and the new solution will help distribute tokenized aid to people in conflict zones. Partisia uses a protocol based on Multi-Party Computation (MPC) technology, which can evaluate against a set of users' private data and deposit tokens without revealing these private data. To date, the project has raised $55 million through the sale of its native token. A prototype of the project will be showcased at the Partisia event on Saturday, but it may be a long way off before it can be deployed.
The International Committee of the Red Cross (ICRC) is developing a cryptocurrency alternative to cash and voucher aid through a partnership with L1 blockchain Partisia, The Block reports. If successful, it could lead to the ICRC delivering aid through "stable utility tokens" whose value would be pegged to asset prices in a manner similar to stablecoins. Currently, this is distributed via paper vouchers or cash, and the new solution will help distribute tokenized aid to people in conflict zones. Partisia uses a protocol based on Multi-Party Computation (MPC) technology, which can evaluate against a set of users' private data and deposit tokens without revealing these private data. To date, the project has raised $55 million through the sale of its native token. A prototype of the project will be showcased at the Partisia event on Saturday, but it may be a long way off before it can be deployed.
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