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Web3 social infrastructure startup CyberConnect raises $10 million in seed funding

Web3 social infrastructure startup CyberConnect raises $10 million in seed funding

CyberConnect, a crypto startup developing tools for Web3 social media, gaming, and metaverse applications, has raised $10 million.

The post Web3 social infrastructure startup CyberConnect raises $10 million in seed funding appeared first on The Block.

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Ted Cruz seeks repeal of Biden infrastructure bill’s crypto broker definition

Texas Senator Ted Cruz is seeking to strip language defining who is a crypto “broker” from a multibillion-dollar infrastructure package that was just signed into law. 

The post Ted Cruz seeks repeal of Biden infrastructure bill’s crypto broker definition appeared first on The Block.

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Deloitte, Ava Labs link up in bid to streamline natural disaster reimbursements

Deloitte’s partnership with Ava Labs created “Close As You Go,” a tool to help governments streamline natural disaster relief funding.

The post Deloitte, Ava Labs link up in bid to streamline natural disaster reimbursements appeared first on The Block.

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Brian Quintenz joins board of the first CFTC-regulated ‘events market’

Quintenz is also a member of a16z’s advisory board.

The post Brian Quintenz joins board of the first CFTC-regulated ‘events market’ appeared first on The Block.

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Ethereum Layer 2 developer StarkWare raises $50 million, now valued at $2 billion

StarkWare, an Ethereum Layer 2 developer, has raised $50 million in a Series C funding round and is now valued at $2 billion.

The post Ethereum Layer 2 developer StarkWare raises $50 million, now valued at $2 billion appeared first on The Block.

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Valkyrie launching $100 million hedge fund run by Tom Brady’s former business manager

Will McDonough’s background has spanned from SPACs to Goldman Sachs. Now, he’s leading Valkyrie’s new DeFi hedge fund.

The post Valkyrie launching $100 million hedge fund run by Tom Brady’s former business manager appeared first on The Block.

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Bitcoin mining hardware maker Canaan to boost its self-mining hash rate to 1.8 EH/s

China-based Bitcoin mining hardware manufacturer Canaan is set to increase its self-mining hash rate to 1.8 exahashes per second, which would account for 1% of the network’s current total.

The post Bitcoin mining hardware maker Canaan to boost its self-mining hash rate to 1.8 EH/s appeared first on The Block.

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[SPONSORED] Kava Network: Powering a Decentralized Future

Originally built to support the Kava Platform, the Kava network is a highly secure and scalable Layer-1 blockchain.

The post Kava Network: Powering a Decentralized Future appeared first on The Block.

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Cosmos liquid staking protocol pSTAKE raises $10 million in seed funding

pSTAKE, a liquid staking protocol for Cosmos from the Persistence team, has raised $10 million in a private token sale.

The post Cosmos liquid staking protocol pSTAKE raises $10 million in seed funding appeared first on The Block.

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Bitcoin price drops nearly 10% in 24 hours, dips below $60,000

The price of bitcoin has declined nearly 10% in the last 24 hours, trading at just above $60,000 at the time of writing.

The post Bitcoin price drops nearly 10% in 24 hours, dips below $60,000 appeared first on The Block.

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