Crypto Market Update, episode 13 with Mark Magliocco from X528 (CBP 415, 2 December 2023)

Calgary Business Podcast

This is the 13th 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:

Cristiano Ronaldo faces $1bn lawsuit over Binance Ads | BBC News: https://bbc.in/3R3U6O4 [29 November 2023]

Kyberswap ransom hack | U Today article: https://bit.ly/3RsHaTj [30 November]

Grayscale optimistic SEC will approve Bitcoin ETF | Decrypt article: https://bit.ly/3uHXbf8 [1 December]

Mysterious Whale Accumulating Bitcoin | Decrypt article: https://bit.ly/3R4n3cz [30 November]

Philippines SEC to Block Access to Binance [Decrypt: https://bit.ly/47BMNnC [29 November]

/////

Crypto-related funding announcements

There were 6 companies highlighted in this episode: Acctual, Coinchange, Mummolin, Wormhole, MYX and Wind, based upon the following funding announcements:

Acctual [New York] helps crypto companies better manage accounts payable and accounts receivable, raised a $3.9m seed round co-led by Third Prime, IDEO, Alchemy Ventures, OrangeDAO, and Soma Capital | TechCrunch: https://tcrn.ch/48129SG [1 December 2023]

Coinchange [Toronto] | helps businesses (and especially cryptocurrency exchanges) provide trading and yield services for Bitcoin, Ethereum, and stablecoins through its API, raised $10m from G1.VC, Spirit Blockchain, Good News Ventures, K2.CA and Mintfox | CoinDesk: https://bit.ly/47WeEyE [1 December]

Mummolin [Wyoming] operates a decentralized Bitcoin mining pool called Ocean, raised $6.2m seed from Jack Dorsey, Accomplice, Barefoot Bitcoin Fund, MoonKite, NewLayer Capital, and the Bitcoin Opportunity Fund | Cointelegraph: https://bit.ly/416hY89 [1 December]

Wormhole, a spinoff of Jump Trading Group whose developer platform allows different blockchain networks to communicate with each other, raised a $225m. Investors included Jump Trading Group, Brevan Howard, Coinbase Ventures, and Multicoin Capital. CoinDesk: https://bit.ly/3RrNM4l [29 November]

MYX | decentralized platform to facilitate the trading of derivatives, specifically perpetual contracts; raised $5m seed round from HongShan, Consensys, Hack VC, OKX Ventures, Redpoint China, HashKey Capital, Foresight Ventures, GSR Markets, Alti5, Leland Ventures, Cypher Capital, Bing Ventures, and Lecca Ventures | CoinTelegraph: http://surl.li/nvmcu [29 November]

Wind (Singapore) | crypto wallet designed for the average consumer; lets users send and receive payments, store their crypto, and exchange crypto for fiat; raised $3.8m pre-seed round from Global Founders Capital, Spartan Group, Saison Capital, Alumni Ventures, and Tiny VC | TechCrunch: https://tcrn.ch/412nj0l [28 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