Original source: block
Crypto trading platform KuCoin announced the launch of a $100 million NFT Creation Fund
On April 19, cryptocurrency trading platform KuCoin announced the launch of a $100 million Creators Fund to support early NFT projects. The fund will invite 99 NFT creators to join KuCoin's new NFT marketplace Windvane for NFT development and creation in verticals such as art, sports, PFP, Asian culture, celebrities and GameFi.
European crypto industry leaders have called on the EU to exclude decentralized projects such as DeFi from regulation
On April 19, 46 European cryptocurrency industry leaders and organizations have sent a letter to 27 EU finance ministers asking policymakers to ensure that their regulations do not go beyond the rules already set by the Global Financial Action Task Force (FATF), saying that the proposal it voted on last month would lead to public disclosure of transaction details and wallet addresses, putting digital asset owners at risk. The letter asks the EU to exclude decentralized projects, including de-DeFi, from the requirement to register as a legal entity. The letter also said that some decentralized "Stablecoins" should not be regulated by MiCA.
Like countries and jurisdictions around the world, the European Union is struggling to tame the cryptocurrency industry, with the EU ahead of the U.S. and the U.K. in developing a set of rules for the $2.1 trillion industry.
Rotonda, a subsidiary of South Korean crypto trading platform Bithumb, completed a financing of about $8.5 million, with IBK and others participating
On April 19, Rotonda, a subsidiary of South Korean crypto trading platform Bithumb, raised 10.5 billion won (about $8.5 million). The round of financing was invested by 10 Korean companies, including securities firm NH Investment Securities, investment firm IBK Investment Securities, online game company WeMade, IT security firm Korea Information Certification, and Penta Security.
The financing will be used to further enhance the service of its own virtual asset wallet platform, Burrito Wallet. Rotonda, a virtual asset wallet service development subsidiary of Bithumb Korea, was launched as an internal project in October last year.
Historical events
On the night of June 19, 2018, Bithumb found an abnormal situation, and took measures to restrict storage at about 1:30 a.m. on the 20th, and then counted the assets and found that the platform was hacked. At about 9:40 a.m. on the 20th, Bithumb reported to the Korea Cyber Agency.
On June 20, 2018, Bithumb made an emergency notice that the platform suspended trading and cryptocurrency access services due to the theft of about 35 billion won of cryptocurrency. The loss will be partially compensated by the Company; the Customer's assets have been transferred to external storage devices that are not connected to the Internet.
Singapore-based blockchain startup Doxa completes $2.2 million Pre-A round of funding
Singapore-based blockchain fintech startup Doxa completed a $2.2 million Pre-A round of financing, and it is reported that the participants include listed companies and logistics companies, and the specific details have not been disclosed. The financing will be used for its sales and marketing efforts, product improvements, and expansion into Southeast Asia.
Project background
Doxa runs blockchain-powered Doxa Connex, a platform that lets builders and real estate developers digitally handle purchases, payments, and financing. With automatic payments, the service tracks the entire procurement process, from the invitation to the offer to the payment and delivery. It also connects stakeholders for real-time cloud collaboration on transactions.
Edmund Ng and Leon Yeo founded the company in 2019. Since then, it has joined users such as Engie, GSK Advance, and Air Liquide. Doxa also said its team has doubled in size since last year.
Its newly raised funds will fund its sales and marketing efforts, product improvements, and expansion into Southeast Asia.
Corporate meta-universe infrastructure company Mytaverse completed a $7.6 million seed round, led by Blumberg Capital
On April 19, Mytaverse, an enterprise meta-universe infrastructure company, announced the completion of a $7.6 million seed round led by Blumberg Capital and with the participation of Baselayer Ventures, Correlation Ventures, Accelerator Ventures and others.
Digital asset manager Hyperithm received additional investment from Coinbase Ventures
On April 19, Tokyo and Seoul-based digital asset manager Hyperithm announced additional investment from Coinbase Ventures, but did not disclose the amount of the financing.
On April 14, Hyperithm announced the establishment of two cryptocurrency investment funds denominated in Japanese yen and bitcoin, with the main strategy of "operating algorithmic trading of spot, futures, leverage and options (including DeFi services) on CEX and DEX in Japan and overseas."
CoinDCX completed a $135 million Series D funding round at a valuation of $2.15 billion, led by Pantera Capital andSteadview Capital
On April 19, Indian crypto trading platform CoinDCX completed a $135 million Series D round of financing at a valuation of $2.15 billion, led by Pantera Capital and Steadview Capital, with the participation of Coinbase Ventures, Kingsway, DraperDragon, Republic and Kindred. The financing will be used to expand its product offerings and talent base, and to strengthen compliance.
a16z launched the "a16z START" program, which provides up to $1 million in funding and resource network support for startups
On April 19, a16z launched the "a16z START" program, which is supported by a16z seed fund, working with partners investing in "American Dynamism", consumer, enterprise and fintech to power founders in the initial stages of company building, including honing product vision and target audiences, building and launching MVPs, expanding launched products with investments of up to $1 million, and providing resources and support networks. Since the launch of the START test program in the fall of 2021, more than 1,000 applications have been received and 11 START entrepreneurs have joined, including Rappi, Ethos leaders, and others.