Provident Financial News

Blockchain-based sartup STAN has raised an equity funding of $2.5 million

As a Web3 platform, when the chips are down and the odds are stacked up against you, why not create your own decentralized social media platform or create a platform where the same can be built?

As Bitcoin (BTC) stagnates between the $29K and $30K levels, sentiment about the leading cryptocurrency has nosedived to levels last seen during the onset of the Covid-19 pandemic in March 2020.

Digital securities token exchange ADDX raised $58 million in a Pre-Series B round on Tuesday. 

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Stablecoins, in general, suffered immensely post the TerraUSD (UST) de-pegging event. This event saw UST drop from its once-stable $1 parity to today’s $0.06 per UST. Now, to refill that lost trust, the second largest stablecoin (USDC) provider Circle has taken some measures.

Chainlink is a decentralized network set up with the objective of extending the functionality of blockchains, by connecting smart contracts to real-world data, events, payments, and off-chain computation in a highly tamper-resistant and reliable manner.

WAVES has been trading within a tight range for almost two weeks now, with barely any upward or downward action. However, that might be about to change, especially due to the price action’s recently formed death cross.

Ahead of the upcoming Vasil testnet that is to launch in early June 2022, Cardano published an encouraging update. The network reported a strong foundation with many new projects planned out with Fund9 that are to be launched.

The crypto space and DLT’s use cases continue to expand every day with the technology setting foot in the corporate world, entertainment as well as food industry.

Zilliqa’s native crypto ZIL enjoyed a healthy bullish performance during the weekend, pushing it up by roughly 52% from its 12 May bottom. The token’s rally comes at a time when most of the top cryptocurrencies are experiencing a lot of sideways action.

The high around cannabis stocks appears to have faded, with funds in the global sector reporting a sharp drop in inflows and woeful performance.

Brazil's Meliuz SA on Friday announced a partnership with blockchain fintech Liqi

Junior bankers have quit in droves over the past year, demanding more pay and an overhaul of the brutal culture that forces fresh graduates to endure 100-hour weeks.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

The high around cannabis stocks appears to have faded, with funds in the global sector reporting a sharp drop in inflows and woeful performance.

BEIJING — Nio's biggest challenge right now is making sure that supply chains are stable, CEO William Li told CNBC.

Polkadot’s native cryptocurrency DOT has so far managed to remain on the list of top 20 cryptocurrencies by market cap. The latest market events have forced investors to re-evaluate their portfolios in favor of digital currencies that have strong fundamentals, but does DOT fit these criteria?

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice

A pilot programme was initiated that provided access to up to ten selected crypto assets including Bitcoin, Ethereum, Bitcoin Cash and Litecoin.However, with the crypto markets in turmoil, the rollout has been suspended, with no time set on when it will resume.In a tech briefing to investors, CEO Matt Comyn says: “As events of the last week have reinforced, it is clearly a very volatile sector that remains an enormous amount of interest. But alongside that volatility and awareness and I guess the scale, certainly globally, you can see there is a lot of interest from regulators and people thinking about the best way to regulate that.“Our intention still, at this stage is to restart the pilot, but there is still a couple of things that we want to work through on a regulatory front to make sure that that is most appropriate.”The Australian federal Treasury is currently consulting on regulation around cryptocurrency, with submissions open until 27 May.

As we approach the middle of 2022, the SEC’s lawsuit against Ripple is still dragging on – and it seems that “privilege” is still very much the theme of the season. Now, the SEC has filed another document to support its earlier argument in favor of shielding “internal SEC documents” which are related to the 2018 speech delivered by the SEC’s former Director of the Division of Corporation Finance, William Hinman.