Copper, a London-based digital assets firm, has received financial backing from Barclays. It is reported that Barclays has invested "a relatively modest sum in the millions of dollars," but the exact amount has not been disclosed. More: - Copper offers custody, prime broking, and settlement services to institutional investors.
- The company has developed proprietary trading technology to connect crypto exchanges and offers offline storage of their funds as trades are executed.
- Copper recently hired Lord Philip Hammond, a Chancellor of the Exchequer under former Prime Minister Theresa May from 2016 to 2019, and has also attracted several investors, including LocalGlobe, Dawn Capital, and MMC Ventures.
- In June last year, the company raised $75M in series B funding led by Alan Howard, and in Nov. 2021, it was reported that the firm was raising another $500M for series C at a $3B valuation from Tiger Global, SoftBank Group, and Accel.
Decrypt 
| |
Voyager Digital Holdings, a centralized crypto lender, has rejected a buyout offer from FTX and its investment arm Alameda, calling it a "low-ball" offer. More: - On Friday, a joint offer was made by FTX and Alameda as part of a proposed restructuring deal as Voyager undergoes bankruptcy proceedings.
- Voyager rejected the offer by saying that it disrupts the insolvency process. Lawyers at Voyager also called the offer a "low-ball bid dressed up as a white knight rescue," adding that the company is open to any "serious proposal" but not FTX since this was "designed to generate publicity for itself rather than value for Voyager's customers."
- FTX CEO Sam Bankman-Fried had proposed buying all of Voyager's digital assets and digital asset loans, except the ones owed to Three Arrows Capital, in cash at market value.
- If the deal went through, FTX would offer customers of Voyager an option to get their shares by opening an account at FTX.
- Bankman-Fried responded by saying, "we submitted what we think is a generous proposal ... it appears that Voyager's consultants are attempting to stall out the process, increasing their fees. We feel for the customers who have lost significant funds and are waiting to receive those that remain."
Bloomberg
| |
 A message from FEW AND FAR Few and Far is a next-generation marketplace that superpowers NFT 2.0 applications for Gaming and DeFi. What is NFT 2.0 and what does it look like? Look no further than Few and Far, a new NFT marketplace backed by FTX Ventures and Pantera Capital which recently launched on NEAR, and third-gen layer-1. How Few and Far powers NFTs across the blockchain: - Advanced NFT functionality powering Gaming and DeFi
- Rewards users 30% APR as a revenue share of trading fees
- Frictionless user onboarding through easy-to-use web wallets
Are you ready to explore NFT 2.0? Head to Few and Far to start your journey and stay tuned on Twitter. Explore NFT 2.0
| |
Zipmex, a Thailand-based crypto exchange, suspended withdrawals last week and is now seeking a partner as part of a solution to overcome the crypto winter. The company serves over 2 million users in Asia and recently admitted to having a $48M and $5M exposure to both Babel Finance and Celsius Network. More: - The company has started conversations with multiple "interested parties," with one of them offering a Memorandum of Understanding (MOU).
- Last week, the crypto exchange halted withdrawals on its platform, citing "volatile market conditions" that are beyond the firm's control.
- In less than 24 hours, the company resumed operations apart from trading activities and disabled several ZipUP accounts.
- Zipmex offers its customers access to Bitcoin, Ethereum, and its own Zipmex token. The company's token has been trading 50% lower ever since it announced suspending customer withdrawals.
Crypto Potato
| |
Yuga Labs, the startup behind the famous Bored Ape Yacht Club NFT collection, faces a potential lawsuit for using celebrity endorsements to boost the price of crypto assets. Lawyers argue that the company used celebrities like Snoop Dogg, Tom Brady, and Paris Hilton to "inflate" its NFT collection by overpromising high returns. More: - Law firm Scott & Scott claims that investors were left with deep losses as the company "inappropriately induced" investors to buy their NFT collection.
- Last year, the company sold an NFT for $3.4M, while this year, as the crypto industry got hit with a downturn, a BAYC NFT sold for $115,000, down from $450,000 three months ago.
- Lawyers argue that the company's growth was based on continued promotion instead of utility or underlying technology. Retail investors were left with tokens that lost over 87% of their value since April 28, 2022.
Block Works
| |
 A message from SUPER COFFEE ELECTRIFYING FLAVOR WITHOUT THE SUGAR SHOCK! Super Coffee has quickly become the healthy go-to coffee drink for many, attracting notable investors like Jennifer Lopez and Aaron Rodgers. It tastes like a guilty indulgence but contains 0g sugar and no artificial sweeteners. It's: - Keto-friendly
- Made to keep you energized with 200mg of caffeine
- Has 10g of protein
All we’ve got to say is, we’ll have what they’re having. Power your day with an Inside exclusive 30% off deal when purchasing two 12-packs and get FREE shipping. Try Super Coffee
| |
The price of Bitcoin and Ethereum took another hit Monday morning due to the possibility that the Federal Reserve may hike interest rates another 0.75%. The combined value of the crypto market declined from $1.08T last Wednesday to $1T starting this week. More: - Bitcoin dropped below the $22,000 mark to $21,935, a 2.8% decrease in 24 hours, and Ethereum decreased by 5%, trading at $1,528 at the time of writing.
- Cardano also dropped by 7%, Solana by 4.35%, Dogecoin by 4.4%, and XRP by 4.15%.
- The latest price drop in crypto assets is in anticipation that the Fed will increase interest rates by another 75 basis points to curb inflation.
- When the Federal Reserve increases rates, it affects all markets and the economy, including mortgage rates, crypto, stock markets, home equity lines, credit cards, student debts, and more.
Decrypt
| |
Chipotle will award "Buy the Dip" players with $200,000 worth of cryptocurrencies. The game debuts today at 10 a.m. PST. The company launched the game to celebrate "National Avocado Day," which is July 31. Chipotle hopes the game will "engage fans in a stock market simulation to 'buy the dip' at its lowest point and give away a total of $200,000 in crypto." More: - The game's title refers to "dip" as in guacamole and "dip" as in purchasing cryptocurrencies when the price drops in anticipation that it will rise again.
- Crypto traders have long used the term "buy the dip" to refer to the currencies' cyclical nature.
- "Buy the Dip" winners will secure varying amounts of cryptocurrencies.
- The funds will be distributed to the player's Coinbase account.
- Awards will be allocated in Ethereum, Avalanche, Solana, or Dogecoin.
- Players will need to join Chipotle's Rewards program to enter.
- The restaurant chain will reward ~40 players/day.
- The promotion ends July 31.
| |
Quick Hits: - When you align headless CMS with a modern DAM and analytics, you can serve personalized content that keeps people coming back. *
- Coinbase Ventures augurs blockchain gaming will become the industry's next "massive category."
- Layer 1's Aptos Labs raised $150M Series A in a round led by FTX Ventures. The company will use the money to re-introduce the Diem cryptocurrency.
- Brazil's XP Inc. will open a digital trading platform in mid-August. The program will begin with Bitcoin before accepting other digital currencies.
- BitInfoCharts found that one digital wallet amassed $3B in crypto assets between July 19 and 21, 2022.
- Super Coffee, the No. 3 ranked bottled coffee brand in the U.S. behind Starbucks and Dunkin', is replacing the negatives with only positive ingredients. *
* This is sponsored content.
| |
| |
 |  | Gia Mattu is based in Calgary, Alberta. She is an entrepreneur with experience in climate technology, drones, AI, machine learning, and blockchain technology. When she's not working, she loves to hike the Canadian Rockies, try new cuisine, and travel. | | | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
Few and Far, a new NFT marketplace which recently launched on NEAR. | |
Super Coffee is just as delicious as Starbucks but contains 0g sugar, 10g of protein, and only 80 calories per bottle. | |
Comments
Post a Comment