Blockchain
LBank Weekly Listing Report, March 13th 2023
Road Town, British Virgin Islands–(Newsfile Corp. – March 17, 2023) – As a world-class digital asset exchange, LBank continues to focus on providing its users with 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 March 13th.
For a more complete list please follow our Twitter @LBank_Exchange.
Project: EST
Listing date: March 13th
Key words: Others, Initial Listing, POLY
Official Website: https://www.esttoken.io/
About: EST (Ensign Token)’s team has a previous listing background of P2E utility token and environment to activate P2E field. CEO (Thomas) and the team have experience on K-Pop contents, and Thomas has more than 10 years’ investment history. The team of EST consists of more than 200 developers globally with strong P2E background, K-Pop content related experience, and metaverse/blockchain based technical abilities.
Project: GPT
Listing date: March 13th
Key words: Others, BEP20
Official Website: https://www.cryptogpt.org/
About: CryptoGPT is the ZK Layer-2 blockchain that powers the AI revolution. GPT blockchain hosts apps with 2+ million active users, placing it as one of the biggest blockchains at launch.
Project: THX
Listing date: March 14th
Key words: Others, BEP20
Official Website: https://thxone.com/
About: In order for everyone to have access to the same financial rights, blockchain technology that goes beyond the existing limits is required. THX has spent more than three years preparing and working on technology, services, infrastructure, and institutions to meet these needs.
Project: CHICA
Listing date: March 15th
Key words: Utility, Initial Listing, BEP20
Official Website: http://chicachain.io/
About: CHICA is a blockchain-based beauty reward platform. CHICA aims to create a convenient and mutually beneficial platform for both consumers and businesses in the beauty industry.
Project: MWCC
Listing date: March 15th
Key words: Others, Initial Listing, TRC20
Official Website: https://metaworldcc.com/
About: The MWCC platform is a shopping ecosystem in the form of a new social metaverse built with buyers, influencers, and commerce. It provides tokens that can be used in various social fields and services that can be used online. It has various technical characteristics of blockchain, such as a consumer network through sharing on SNS.
Project: MNFT
Listing date: March 15th
Key words: Utility, ERC20
Official Website: https://mnftcoin.com/
About: The MNFT token is a utility and governance token audited by Certik. MNFT is distinguished from other cryptocurrencies by the opportunities given to MNFT (MongolNFT Coin)’s community, to potentially benefit from the variety of token utilizations the active participation in the projects under MongolNFT.
Project: SYLMYDID
Listing date: March 15th
Key words: Others, BEP20
Official Website: https://mydid.com/
About: XSL Labs offers a number of solutions for protecting identity data on the Internet. The company is developing a blockchain-based DID, the Secure Digital Identity to fight data theft, usurpation and forgery. With the myDid application, users can manage the creation of a decentralized digital identity, the use of verifiable credentials (VCs) and open badges. Users can consciously choose to share information with compatible services in a secure way while keeping a history of all consents. By using myDid application, users can retain identities and verifiable information.
Project: PTOY
Listing date: March 15th
Key words: Utility, ERC20
Official Website: https://patientory.com/
About: PTOY is the native token of PTOYMatrix, the HIPAA compliant blockchain-enabled Health Information Exchange and Storage System. The token provides unit economics for health data auditability and access to the PTOYMatrix which aims to ensure access to healthcare information is secure and encrypted. PTOY aims to drive the PTOYMATRIX’s value towards interoperability and cybersecurity. The storage network offers improved data integrity, reduced transaction costs, decentralization, and disintermediation of transparency/trust and directs the healthcare stakeholders to securely manage electronic medical data.
Project: FAST
Listing date: March 16th
Key words: AI, Initial Listing, BEP20
Official Website: https://podfast.app/
About: By using cutting-edge AI to create audio and video summaries of users’ favourite podcast episodes, PodFast (FAST) enables users to increase knowledge and information at lightning speed.
Summary of Last Week’s Listings – February 6th 2022 to March 12th 2023
Name: DTH
Official Website: https://deathwolf.io/
Trade here: https://www.lbank.com/exchange/dth/usdt
Name: OPTIMUS
Weekly gain: 124%
Official Website: https://www.optimusbot.io/
Trade here: https://www.lbank.com/exchange/optimus/usdt
Name: GLR
Weekly gain: 31%
Official Website: http://canvasn.io/
Trade here: https://www.lbank.com/exchange/glr/usdt
Name: PAE
Official Website: http://paeangroup.io/
Trade here: https://www.lbank.com/exchange/pae/usdt
Name: TMC
Official Website: http://tmcglobal.info/main/main.php
Trade here: https://www.lbank.com/exchange/tmc/usdt
Name: STO
Weekly gain: 5%
Official Website: http://stocoin.org/
Trade here: https://www.lbank.com/exchange/sto/usdt
Name: FRWR
Weekly gain: 4%
Official Website: https://forower.io/
Trade here: https://www.lbank.com/exchange/frwr/usdt
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/158222
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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