Business
The startup, which creates a decentralized market for information, will use the capital to further the development of its protocol.
Bitcoin
Crypto market observers had widely expected the U.S. central bank not to raise the interest rate and that digital asset prices would not move much.
The US dollar-pegged stablecoin PayPal USD, launched last month, is now listed and available for spot trading on the Dubai-based exchange.
The crypto startup belongs to the Hub71 ecosystem, which launched a $2 billion initiative earlier this year to back Web3 and blockchain projects in the region.
The Bitcoin Ordinals creator believes that the effort to keep inscriptions numbers stable has led to ugly code and stalled development.
The university plans to return the entirety of funds it received from the bankrupt crypto exchange.
DeFi
Last month, the protocol urged users to withdraw their funds after discovering a critical security vulnerability.
Regulation
David Hirsch, head of the SEC’s Crypto Assets and Cyber Unit, said the agency is keeping an eye on other businesses operating similarly to Coinbase and Binance.
The U.S. central bank is expected to leave the Federal funds rate unchanged on Wednesday but may indicate that it is going to raise rates again later this year.
The fund will focus on Web3, AI and biotech investing.
