Day: July 21, 2021

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EU Regulators Propose Crypto Clampdown

European Defiers better buckle up, because regulators in the EU are attempting to tighten the rules on crypto transfers.  On July 20, the European Commission, the executive branch of the European Union, announced a package of legislative proposals to strengthen the EU’s anti-money laundering and counterterrorism financing (AML/CFT) rules. The legislative proposal moves to apply …

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FTX Breaks Crypto Funding Round Record with $900M Series B

Bucking a bearish crypto market, FTX, the two-year-old cryptocurrency exchange, announced a $900M Series B funding round at a valuation of $18B, the company said in a statement released yesterday.  The deal is a clear sign that for all the angst in the markets, well-heeled investors are only too eager to play the long game …

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Polygon Doubles Down on Gaming and NFTs with $100M Fund

Polygon is raising a $100M fund to support blockchain game developers and NFT creators, and tapping the chops of Atari, the trailblazer that gave the world Pong, Space Invaders, and Asteroids. Polygon has already attracted over 100 NFT and gaming projects, according to awesomepolygon.com. But now the scaling solution is pursuing a far more ambitious …

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