Crypto Market Update, episode 12 with Mark Magliocco from X528 (CBP 414, 25 November 2023)

This is the 12th episode of the Crypto Market update with Mark Magliocco, co-founder of X528 DAO and Allen Wazny, host of the Calgary Business Podcast and Partner/CFO of Purpose Driven Travel in Calgary.

All discussions in this episode are for informational purposes only and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services

/////

Crypto news articles discussed during this update:

Binance challenges; CZ resigns | Link to CoinDesk article (22 November 2023): https://bit.ly/3RhvVwI

US Department of Justice and Binance settlement: $4.3 billion | Crypto Potato article (21 November 2023): https://bit.ly/47OkZvT

BNB Coin impact from Binance challenges | FinBold news article (22 November 2023): https://bit.ly/3QYsUQr

NetFlix Scandal and Doge Coin | Benzinga Crypto Article (23 November 2023): https://bit.ly/3sQsYKa

Tether freezes $225million with potential link to Human Trafficking | CoinDesk article (20 November 2023): https://bit.ly/3SWAptW

/////

Crypto-related funding announcements

There were 5 companies highlighted in this episode: Kinto, Superstate, Union Labs, Privy and Fence based upon the following funding announcements:

Kinto, an Orlando, FL-based provider of a KYC'ed Layer 2 blockchain capable of supporting both financial institutions and decentralized protocols, raised $5M in two funding rounds Kyber Capital Crypto, Spartan Group, and Parafi, with additional investors including Skybridge, Kraynos, Soft Holdings, Deep Ventures, Modular, Tane, and Robot Ventures | FinSMEs: https://t.ly/2hjNr [16 November 2023]

Superstate, a NYC-based blockchain powered asset management firm, raised $14M in Series A funding led by Galaxy Venture Capital, Hack VC, IKX, Modular Capital and Nascent | https://superstate.co [16 November 2023]

Union Labs, a San Francisco startup that is developing a cross-chain bridge based on zero-knowledge proofs,raised a $4 million seed round. Galileo, Semantic Ventures, Tioga Capital, Nascent, Lightshift, and Chorus One invested in the deal. The Block article: https://bit.ly/3uDhgD6 [18 November 2023]

Privy, a New York startup that works with mainstream companies like Resy to build blockchain-based services for consumers that work through Privy's wallet, raised an $18 million Series A round led by Paradigm, with previous investors Sequoia Capital, BlueYard Capital, and Archetype also contributing. The Block article: https://t.ly/ItlDx [22 November 2023]

Fence, a Spanish blockchain startup founded this year whose software automates and optimizes debt operations for asset financing, raised a $2 million pre-seed round led by Semantic.vc and including Crane Earth and Actyus | PYMNTS article: https://t.ly/F0nPm [22 November 2023]

/////

Yahoo Finance and Bitcoin trading charts.  As is customary, Mark opened the discussion by sharing his knowledge and understanding of reading the technical charts around the price of Bitcoin | https://finance.yahoo.com/chart/BTC-USD

§§§

We invite listeners to join the X528 Discord channel: https://discord.gg/fhsekcgJVT

Visit the X528 website to learn more: ​​https://www.x528.io/

§§§

#web3 #Web3.0 #Metaverse #Innovation #Technology #Marketplace #Community #DAO #DecentralizedAssets | #DecentralizedFinance #Decentralized #Autonomous #Organizations #DigitalAssets #CryptoAssets #Blockchain #TokenEconomy #DigitalBusiness #Bitcoin #Ethereum #AltCoins