Blockchain
LBank Weekly Listing Report, 18th July 2022
Internet City, Dubai–(Newsfile Corp. – July 19, 2022) – As a world class digital asset exchange, LBank continues to focus on providing its users quality projects to participate in. Here is a weekly report made by LBank Exchange presenting this week’s exciting new listings and a summary of the ones listed last week, offering users more information to help better understand these unique opportunities.
New Listings on LBank Exchange
Scheduled this week starting on 18th July.
For a more complete list please follow our twitter @LBank_Exchange
Project: QAA
Listing date: 18th July
Key words: DeFi, Listed on Latoken, BSC
Official Website: https://www.qommodity.io/
About:
Qommodity’s goal is to facilitate the largest transition of wealth in the history of mankind by unlocking access to wealth on a large scale through a method that has never been used before. The QAA is just the first step towards the future QAAA, a hybrid, one-of-a-kind security token backed up by natural resources indicated, measured, and evaluated in accordance with the NI-43101 standard. By monetizing the in-ground value of these resources without exploiting the soil, a new era begins one that allows access to this opportunity for every participant in the project.
Project: BANDEX
Listing date: 18th July
Key words: Dao, Initial listing, Listed on XT, BKEX
Official Website:https://bananataskforceape.com
About:
Banana Index is the governance token to the highly successful Banana Task Force Ape ecosystem. Bandex DAO will give holders access to its voting system where they can make foundation-changing proposals.
Project: XGT
Listing date: 19th July
Key words: DEFI, PAYMENTS, NFT, Listed PancakeSwap, Honeyswap, ERC20
Official Website: https://xion.finance
About:
Xion Global is a multi-chain crypto payment processor most commonly used for metaverses, NFT marketplaces, gaming and e-commerce stores. Bringing cross chain decentralized payments with 1-1 stablecoin settlement, loyalt, and financial rewards to a global crypto payments industry.
Using Xion Global, merchants can easily integrate Web3 checkout buttons into any commerce store, create payment links to send and share with clients, install Xion’s e-commerce plugins or integrate Xion’s API/SDK solution for a full custom crypto payment solution.
Project: MOTG
Listing date: 20th July
Key words: Metaverse, Listed on MEXC, ERC20
Official Website: https://motg.network/
About:
The Future of Play – MetaOctagon
Decentralized entertainment venue for dApps, games, and NFTs in Metaverse.
The MetaOctagon team is building a multiplex of a metaverse world where users can create, display, and trade their contents using MOTG, the main utility token of the platform.
Project: CIC
Listing date: 20th July
Key words: Others, Mainnet
Official Website: https://cicchain.net
About:
Crazy Internet Coin is the native coin for CIC Chain. It will be used for governance on their blockchain and also to cover gas fees between transfers, or provide liquidity to tokens that are built on their chain. CIC Chain is fast, cheap, scalable, and upgradeable and is powered by our own unique Proof of Refraction consensus mechanism, which is like Proof of Authority, but much more efficient. Their consensus mechanism is called Imprism and it is Byzantine Fault Tolerant – it has zero finality which means that transactions are confirmed instantly and then sent to the blockchain for validation. Imprism has a far superior data storage system which is more secure and utilizes less space and energy, meaning CIC Chain is not only fast but has a very low environmental impact. Crazy Internet Coin is web3 and web5 ready and was built to become a catalyst of mass adoption for blockchain technology.
Summary of Last Week’s Listings – July 11th to July 17th, 2022
Name: FNTG
Weekly gain: 8650%
Official Website: http://fan2go.io/
Trade here: https://www.lbank.info/exchange/fntg/usdt/#inno
Name: VIW
Weekly gain: 955%
Official Website: http://www.viw.world/
Trade here: https://www.lbank.info/exchange/viw/usdt/#inno
Name: FOF
Weekly gain: 100%
Official Website: https://www.fofmine.com(https://www.fofmine.com/)/
Trade here: https://www.lbank.info/exchange/fof/usdt/#inno
Name: BHCT
Weekly gain: 6%
Official Website: https://bhct.co.kr/
Trade here: https://www.lbank.info/exchange/bhct/usdt/#usd
Name: WEI
Official Website: https://weicrypto.com/
Trade here: https://www.lbank.info/exchange/wei/usdt/#inno
Name: TTHC
Weekly gain:
Official Website: https://tthccoin.com/
Trade here: https://www.lbank.info/exchange/tthc/usdt/#inno
Name: MTH
Weekly gain: 100%
Official Website: https://monetha.io
Trade here: https://www.lbank.info/exchange/mth/usdt/#inno
Name: ATOZ
Weekly gain: 400%
Official Website: https://racekingdom.io/
Trade here: https://www.lbank.info/exchange/atoz/usdt/#inno
Name: CART
Weekly gain: 1300%
Official Website: https://carypto.io/
Trade here: https://www.lbank.info/exchange/cart/usdt/#inno
Name: DST
Official Website: https://www.bit-one.io/index.html
Trade here: https://www.lbank.info/exchange/dst/usdt/#usd
Name: GVR
Weekly gain: 122%
Official Website: https://www.grovetoken.com/
Trade here: https://www.lbank.info/exchange/gvr/usdt/#inno
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/131245
Blockchain
Supply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing
Global Supply Chain Finance Market
Blockchain
Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest
Venture capital funding for cryptocurrency and blockchain projects has seen a notable resurgence in the first quarter of 2024, marking its first quarterly rise since 2021. Crunchbase data released today indicates that Web3 startups secured nearly $1.9 billion in funding across 346 deals during this period. This represents a substantial 58% increase from the previous quarter, offering a glimmer of hope amidst the ongoing downward trend in overall crypto VC interest.
The recent surge in funding can be attributed to investors adopting a more long-term perspective on Web3, as opposed to the hype-driven “tourist investors” predominant in recent years. Chris Metinko, the author of the report, notes that investors are shifting their focus to the AI sector, indicating a change in investment strategy. There is a growing interest in supporting the foundational infrastructure of the decentralized internet, rather than solely concentrating on crypto wallets and lending platforms, which attracted significant investments during the peak period of 2021 to 2022.
While large funding rounds were relatively uncommon in Q1, several notable investments stood out. Exohood Labs, a company integrating AI, quantum computing, and blockchain, secured a remarkable $112 million seed round at a valuation of $1.4 billion. EigenLabs, an Ether token “restaking” platform, raised $100 million in a Series B round led by a16z crypto. Additionally, Freechat, a decentralized social network leveraging blockchain technology, secured $80 million in a Series A round. These investments, among others, contributed to the increase in valuations and the emergence of four new Web3 unicorns in Q1.
Despite the recent progress, the future trajectory of Web3 remains uncertain. Metinko suggests that the next few quarters will be pivotal in determining the industry’s direction. While investors anticipate a rebound in investment as the decentralized internet evolves, it may take another year for venture capital activity to stabilize after the exuberance of 2021. Factors such as the approval of U.S. spot Bitcoin exchange-traded funds and the upcoming Bitcoin halving could also influence the market, given the rising prices of Bitcoin and Ether.
A noteworthy example of significant funding in the Web3 space is Monad Labs’ recent successful funding round, which secured $225 million led by Paradigm. Monad Labs is a layer-1 blockchain compatible with Ethereum, offering faster transaction processing. This funding round harkens back to the golden era of crypto funding in 2021-2022, when L1 solutions attracted substantial investments.
Earlier this year, Balance, a digital asset custodian based in Canada, announced that it had once again reached $2 billion in assets under custody (AUC) amidst the recent market recovery. Similarly, Korea Digital Asset (KODA), the largest institutional crypto custody service in South Korea, has experienced remarkable growth in crypto assets under its custody, expanding by nearly 248% in the second half of 2023.
Analysts at Bernstein Research project that crypto funds could reach an impressive $500 billion to $650 billion within the next five years, representing a significant leap from the current valuation of approximately $50 billion. This forecast underscores the growing optimism and potential for substantial growth within the crypto industry in the coming years.
Source: cryptonews.com
The post Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest appeared first on HIPTHER Alerts.
Blockchain
ASIC cracks down on blockchain mining firms
Three blockchain mining companies – NGS Crypto, NGS Digital, and NGS Group – along with their directors, Brett Mendham, Ryan Brown, and Mark Ten Caten, are facing legal action from the Australian Securities and Investments Commission (ASIC) for allegedly operating without a license, in violation of Australia’s Corporations Act. ASIC initiated legal proceedings against these entities on April 9, citing concerns about their non-compliance with financial regulations and their solicitation of Australian investors.
According to ASIC, the NGS companies promoted blockchain mining packages with fixed-rate returns to Australian investors, encouraging the transfer of funds from regulated superannuation funds to self-managed superannuation funds (SMSFs) for conversion into cryptocurrency. Approximately 450 Australians invested a total of around USD 41 million in these packages, raising concerns about potential financial losses.
The legal action filed by ASIC alleges that the companies violated section 911A of the Corporations Act, which prohibits companies from providing financial services without a valid Australian Financial Services Licence (AFSL). ASIC is seeking interim and final court orders to prohibit the NGS companies from offering financial services in Australia without an AFSL.
ASIC Chair Joe Longo emphasized the importance of investors carefully considering the risks before investing in crypto-related products through their SMSFs. Longo stated that ASIC’s actions send a message to the crypto industry about the regulator’s commitment to ensuring compliance with regulations and protecting consumers.
In a separate development, the Federal Court appointed receivers for the digital currency assets associated with the NGS companies and their directors to safeguard these assets amid concerns about the risk of dissipation. Mendham was also issued a travel restriction order, preventing him from leaving Australia.
While a court date for the proceedings has not been set, ASIC’s investigation is ongoing, with the regulator continuing to gather evidence and build its case. It is worth noting that the investigated companies share a similar name with NGS Super, a legitimate Australian pensions provider, leading to potential confusion among investors. NGS Super clarified that it is not involved in selling cryptocurrency or related products and has taken legal action to protect its trademark and members’ interests.
Source: iclg.com
The post ASIC cracks down on blockchain mining firms appeared first on HIPTHER Alerts.
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