Transaction URL: https://etherscan.io/tx/0x20cb9817c07869008fea846b7a2f9cb60cf9d97696584107cbe7b49a597a02c2
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Galaxy Digital reports a resilient venture capital scene in crypto with Q2 investments reaching $3.19 billion, up from $3.16 billion in the previous quarter. The number of deals rose by 8% to 739, indicating sustained investor interest despite broader market uncertainties. Notable growth areas included Web3 and Layer 1 projects, which collectively drew significant funding.
Amid fluctuating cryptocurrency prices, the disconnection between Bitcoin’s market performance and venture capital investments suggests a more nuanced, mature approach to funding innovation. Significant investments in Bitcoin Layer 2 projects, which saw a 174% increase in funds, exemplify the sector’s dynamism and investor confidence in infrastructure development.
The increase in venture activities, especially in early-stage deals, predicts a potentially vibrant latter half of 2024 for the crypto sector. With venture capitalists competing more fiercely, the current trajectory positions 2024 to rival the peak investment years of 2021 and 2022, hinting at a robust future for crypto ventures.
Karate Combat, a premier full-contact striking league, is set to feature at Bitcoin 2024, the world’s largest Bitcoin conference, later this month in Nashville, Tennessee. The event will take place at the Nashville Municipal Auditorium on July 25th, starting at 6:00 PM ET.
“Feel the intensity of every kick, punch, and block as world-class martial artists and influencers step into the legendary Karate Combat pit to battle it out for supremacy, all under the roof of Bitcoin Nashville,” the event’s website stated. “You don’t want to miss your chance to be part of history in the making.”
The highlight of the event will be the “Influencer Fight Club 3,” featuring high-profile matchups such…
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We’re currently in the worst sports month of the year — especially with the USA knocked out of Copa America — and the situation got so dire that I started watching the Tour de France. Congrats to Mark Cavendish for breaking some kind of record. I should really go touch some grass.
Now for the story of someone who bought Solana at $0.04 per token:
Q&A: The true confessions of Solana’s first VC
Edith Yeung was investing in early stage companies at 500 Startups when she met Anatoly Yakovenko, who pitched her on the…
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A group of Bitcoin Core developers has introduced a comprehensive security disclosure policy to address past shortcomings in publicizing security-critical bugs.
This new policy aims to establish a standardized process for reporting and disclosing vulnerabilities, thereby improving transparency and security within the Bitcoin ecosystem.
Several previously undisclosed vulnerabilities are also included with the announcement.
What is a Security Disclosure?
A security disclosure is a process through which security researchers or ethical hackers report vulnerabilities they discover in software or systems to the affected organization. The goal is to allow the organization to address these…
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Germany and the US are seemingly competing for who can spook bitcoin markets more.
Addresses linked to German and US governments have recently sent $737.6 million in bitcoin to exchanges including Coinbase, Bitstamp and Kraken, as well as some to OTC desk operator-slash-market maker Flow Traders.
Germany makes up about three-quarters of that total, with its deposits spread across 30 different transactions — usually in the morning around 9 am local time.
While it’s unclear whether all the bitcoin was actually sold (a portion has since been returned to the original addresses), Germany’s transfers to exchanges are believed to be the first ever, at least going by Arkham Intelligence…
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Imagine a scenario where you’re heading off for a 100-year vacation and you want your wealth to survive when you return. You decide to bury a safe that holds:
Some gold barsA bunch of $100 billsYour bitcoin in cold storage
What do you expect the outcome to be when you return from your 100-year absence?
The gold bars will still be there in good shape. The $100 bills will have physically decayed and the purchasing power will likely have dramatically weakened to the point where the bills are worthless.
What about the bitcoin? What is the bitcoin worth?
The answer depends on how the network operated during your long absence. If other people were actively transacting, then the miners were…
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Marathon Digital Holdings, a leading Bitcoin mining giant, strategically chose not to sell any of its 18,536 Bitcoin during the recent market slump. This decision comes despite a significant downtrend in Bitcoin prices over the last month. According to their latest operations report, the firm’s unwavering commitment has maintained its asset value over $1.1 billion, underscoring a robust confidence in Bitcoin’s long-term potential.
In June, Marathon produced 590 Bitcoin, albeit lower than the previous year, yet boosted its operational hashrate by 2%, reaching 26.3 EH/s. These figures reflect operational improvements and the full capability of its Ellendale facility, marking a substantial year-over-year increase. CEO Fred Thiel credits advanced cooling technologies and next-gen hardware for setting the company on a path to potentially double its hashrate by year’s end.
Marathon’s steadfast accumulation and technological enhancements signal a bullish outlook for Bitcoin. This approach not only strengthens their market position but also influences Bitcoin’s broader valuation dynamics, particularly as the 2024 halving event approaches, which could significantly affect mining economics by reducing block rewards.
The European Union’s “Markets in Crypto Assets Regulation” (MiCA) marks a major milestone for the crypto industry.
With MiCA set to enter into phased implementation this summer, the EU is inviting crypto market participants into the regulatory perimeter for the first time. And while there are still uncertainties and challenges ahead, there is hope that MiCA will prove to be an important step towards long-term stability for crypto markets, enhanced protections for users and a more attractive investment environment for entrepreneurs.
The drafters of MiCA got a number of things right. One of them was to acknowledge that certain aspects of the crypto ecosystem (like decentralized…
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Company Name: Lightspark
Founders: David Marcus, Kevin Hurley, Christina Smedley, James Everingham, Christian Catalini, Jai Massari and Tomer Barel
Date Founded: April 2022; Series A May 2022
Location of Headquarters: Los Angeles, CA
Amount of Bitcoin Held in Treasury: N/A
Number of Employees: 45
Website: https://www.lightspark.com/
Public or Private? Private
Kevin Hurley and the team at Lightspark want to make it easier for institutions and everyday people to transfer value via bitcoin.
This is why they’ve created Lightspark, a Lightning Service Provider (LSP) — and more — that offers enterprise-grade infrastructure that enables companies around the world as well as the customers for those…
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