On-chain crypto index fund builder Index Cooperative raised $2.25 million in funding as the decentralized autonomous organization (DAO) prepares to fend off another project’s “vampire attack.”Sequoia Capital India, Blockchain.com Ventures and White Star Capital participated in the funding round. It closed before news broke Tuesday that Enso Finance, a “social trading” … [Read more...] about Index Coop Isn’t Worried About Enso’s ‘Vampire Attack’
Worried
He Saw Iceland’s Banking Fraud From Inside. Now He’s Worried About Crypto
In Iceland the burden fell on people who had nothing, and then had less than nothing. The ease with which these [finance] guys could just see past that, or not be troubled by it, was really shocking to me. When I would bring up things like, “What about these other people?”, the response would be, “Why are you making problems?” Source link … [Read more...] about He Saw Iceland’s Banking Fraud From Inside. Now He’s Worried About Crypto
China’s central bank worried about stablecoins’ risk to financial systems
The Chinese central bank is “quite worried” about the global financial risks associated with digital currencies, particularly stablecoins, according to a senior official.Fan Yifei, a deputy governor of the People’s Bank of China (PBoC), expressed concerns over the reportedly serious threat stablecoins, such as Tether (USDT), pose to global financial and settlement systems, CNBC … [Read more...] about China’s central bank worried about stablecoins’ risk to financial systems