Few operational disruptions were reported, but some crypto employees were getting called up for reserve duty. Executives and developers coped with the stress of attending funerals, responding to security warnings and encountering supermarket shortages.
Sam Bankman-Fried $500M Anthropic stake irrelevant to case, prosecutors say
United States prosecutors argue that the potential for FTX investors to be made whole through the high valuation of Anthropic cannot be presented by Sam Bankman-Fried’s legal team.
Web3 made simple: Brinc joins forces with Cointelegraph Accelerator
Brinc partners with Cointelegraph Accelerator to establish a two-way support bridge for startups developing the future of Web3.
Solana-based Automation Startup Clockwork to Shut Down
Solana-based automation project Clockwork’s developers are moving on from the venture-backed startup after finding it had “limited commercial upside.”
Web3 Security Startup Shield Raises $2.1M in Pre-Seed Funding
The company, a member of a16z’s Crypto Startup School, aims to create a security standard across Web3 projects through its API, Discord Bot and certification program.
OKX seeks Australian expansion citing ‘huge appetite’ for crypto
The exchange’s chief marketing officer believes Australians are above-the-curve when it comes to crypto education and interest.
Crypto Startup LI.FI Spins Up Bridge, DEX Aggregator
The retail-facing platform uses a non-custodial setup, CEO Philipp Zentner said.
DeFi Trading Platform Aurox Seeking Funding at $75M Valuation
The DeFi-focused software developer firm is seeking to raise up to $1 million in a crowdfunding campaign on tZERO.
Asset management firm launches BTC Lightning Network startup accelerator
The startup accelerator will consist of four yearly 8-week programs, with successful applicants receiving $250,000 and one receiving an additional $500,000 at the end of the program.
Near Protocol partners with Google Cloud to support Web3 devs
Under a partnership with Near Protocol, Google Cloud will support Near developers in building and scaling their Web3 projects and DApps.
BlockFills raises $37 million to support global expansion
Since its inception in 2018, the firm has received a total of $44 million from institutional investors in two funding rounds.
KuCoin Labs Launches $100 Million Venture Capital Fund To Empower Early-Stage Metaverse Projects
The world’s sixth-largest cryptocurrency exchange by volume is making its move into the metaverse.
Valued at $4.3B, NFT platform Sorare to invest in women’s sports
“We believe that NFTs can significantly accelerate the development of women’s sports,” Sorare CEO Nicolas Julia told Cointelegraph.
Social token provider Roll raises $10M to tokenize online interaction
“NFTs represent the future of content on blockchains,” said Roll co-founder and CEO Bradley Miles.
Seety, Belgian Startup, Launches Bitcoin Payment For Parking Sessions
The adoption of crypto as a payment method for everyday goods and services has risen in recent months. Digital parking startup, Seety, has made it possible to pay for parking tickets with Bitcoin in some Belgian cities. According to a report by DataNews on Thursday, the Belgian startup released this crypto payment feature in Antwerp and Brussels.
Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course
In addition to Bitcoin, users can also use other digital currencies to make payments. The options include cryptocurrencies such as Ethereum, Bitcoin Cash, Litecoin, Dogecoin, and stablecoins like DAI and USD coin.
The company expects cryptocurrencies to become more environmentally friendly in due course, meaning they will increasingly be used to pay for everyday goods and services.
How Seety Works
To use crypto coins to pay for a parking space via Seety, users can purchase Seety credits on the app. The transaction costs are the same as for the payment by credit card.
Seety features an interactive map on its app that helps users locate the cheapest or free parking spots. Additionally, they can determine the prices and parking regulations for any street or parking lot in town. A community feature notifies a member in case a parking officer is spotted near their car. With Seety, users can find the cheapest parking zones, avoid parking fines and pay for their parking in two clicks.
Total crypto market rises to $2.275 Trillion | Source: Crypto Total Market Cap from TradingView.com
The company also recently introduced its app in more than a hundred Dutch cities and municipalities. The app, available for iOS and Android, now has 355,000 active members and expects a turnover of 400,000 euros in 2021. For 2022, the startup aims for a turnover of 2 million euros.
The startup is one of the firms bootstrapped by the Belgian accelerator program Start it @KBC.
Using Crypto For Everyday Transactions
Using crypto to pay for parking services dates back to years ago. In 2014, a Reddit user posted that he had paid a parking ticket with Bitcoin using the online marketplace Brawker.
Related Reading | Visa Customers Have Spent Over $1B On Crypto-Linked Cards This Year
Recently, Visa stated that its crypto-enabled cards processed over $1 billion in crypto spending in the first half of 2021.
Featured image from AppWikia.com, Chart from TradingView.com
US defense contractor Simba Chain raises $25 million to boost NFT efforts
The $25 million funding round, led by Valley Capital Partners, would enable Simba Chain to dedicate resources to new trends in the blockchain space.
How the DeFi Craze Made Its Way to China
DeFi is booming in China, with startups adapting and building on popular western projects within the nation’s active crypto economy.
Starting a Bitcoin Startup During the COVID-19 Crisis, Feat. Yan Pritzker
With companies closing, unemployment rising and investors spooked in the age of the pandemic, NLW speaks with Swan BTC co-founder Yan Pritzker about the experience of launching a startup in the hyper-competitive world of Bitcoin.
Wala Was Africa’s Perfect Crypto Success Story – Until It Collapsed
Wala went from serving customers in Uganda to shuttering its payments app. Here’s what sources say happened.
Bitcoin Startup Bitrefill Raises $2 Million Seed Round for Worldwide Expansion
The lightning-centric bitcoin startup plans to use this funding to expand services to almost every country in the world by 2020.