USDC Will Integrate With Decentralized Social to Bring Web3 to The Masses

USDC Will Integrate With Decentralized Social to Bring Web3 to The Masses

Los Angeles, California, 3rd October, 2022, Chainwire A USDC integration with DeSo, a new blockchain that has raised $200 million from Coinbase, Sequoia, and Andreessen Horowitz, is launching next week The integration gives DeSo a financial bridge to millions of Ethereum users and DApps, giving them one-click access to end-to-end encrypted on-chain messaging and a full “Twitter-like” feature set The integration paves the way for DeSo to become a cross-chain social layer for all of web3 Today, social media is controlled by a handful of private corporations– but that could…

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XDC Network Receives $50M from LDA for L2 Protocol Development

The XDC Network, which was introduced in 2019, is an enterprise-grade, carbon-neutral, hybrid blockchain that was created with the specific goal of satisfying the expanding demands of global financial institutions, regular consumers, and entrepreneurs for quick, secure, decentralized network products. It now used a portion of its personal token allocations to leverage a $50 million commitment from global alternative investment firm LDA Capital Limited to speed up the expansion and development. Ritesh Kakkad, Co-founder of XinFin (XDC) Network said that “Our collaboration with LDA will usher in an exciting new…

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Money Flowing Out Of Crypto Funds Is 666M Less Than Previous Quarter Indicating Bearish Investors Are Already Out: Bloomberg

Money Flowing Out Of Crypto Funds Is 666M Less Than Previous Quarter Indicating Bearish Investors Are Already Out: Bloomberg

According to data from Bloomberg, money flowing out of crypto exchange-traded funds has slowed down by 97% in Q3 compared to Q2.  Investors pulled $17.6 million from crypto ETFs in Q3 in comparison to a record withdrawal of $683.4 million from the ETF in Q2. The second quarter of 2022 saw record withdrawals from crypto exchange-traded funds with a withdrawal of $683.4 million, which affected the price of Bitcoin and other cryptocurrencies. Bitcoin’s price has seen a 60% decrease that quarter, posting a record low of $17,785 on June 17…

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Disclosures Show Shopify’s CEO Bought $3M Worth of Coinbase Shares During the Past 2 Months

Disclosures Show Shopify’s CEO Bought $3M Worth of Coinbase Shares During the Past 2 Months

Public records show that Shopify’s CEO Tobias Lütke has purchased close to $3 million in Coinbase shares during the last 60 days. Lütke became a Coinbase board member last February and because he is a Coinbase associate, he’s required by law to submit his trades to the U.S. Securities and Exchange Commission (SEC). Since August 11, Shopify’s Tobias Lütke Purchased a Significant Quantity of COIN Shares Coinbase Global Inc. (Nasdaq: COIN) shares have seen better days as statistics show during the past 12 months, COIN has lost 73.47% or a…

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DeSo is Elon Musk and Jack Dorsey’s Answer for Decentralized Social Blockchain

DeSo is Elon Musk and Jack Dorsey’s Answer for Decentralized Social Blockchain

Los Angeles, CA, 3rd October, 2022, Chainwire Takeaways: Jack Dorsey and Elon Musk’s Messages call for a decentralized social media blockchain: DeSo could be the answer. Sam Bankman-Fried, Founder of FTX crypto exchange, also had a conversation about buying Twitter or creating a blockchain-based social network The DeSo Foundation just released its roadmap to decentralize social media The DeSo Foundation announces the release of their ambitious roadmap to decentralize social media and build The Social Layer of Web3. Milestones on the roadmap will be executed over the next 2 quarters…

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