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The crypto industry standings Bitcoin.com raised $ 33.6 million in private sales of its VERSE token.

The company provides crypto exchange services, educational resources, a wallet without storage and news around the crypto and blockchain.

Bitcoin.com said the token rewards users for participating in its ecosystem, such as buying, selling and exchanging digital assets.

Strategic investors include Digital Strategies, Blockchain.com, Kucoin Ventures, Redwood City Ventures, 4SV and Boostx Ventures. Also involved were individual investors Jihan Wu, Roger Ver and David Waxman.

Tokens will be publicly sold this summer.

“Since 2015, Bitcoin.com has been a leader in introducing beginners to crypto and guiding them on their crypto-journey,” said CEO Dennis Jarvis. “So far, we have created an incredible portfolio of products and services, numbering more than 4 million monthly active users and 30 million created self-storage wallets.

“Today we are proud to announce VERSE, a utility and token award for everyone involved in the ready-made Bitcoin.com Verse ecosystem.

“VERSE is user-focused and adds tremendous value to our range of crypto products and services, including the Bitcoin.com self-service wallet app, the Bitcoin.com exchange, Verse DEX, Bitcoin.com news and our future crypto-debit card support. We are also very pleased to announce the public sale of Verse tokens, which is set to begin in June. ”

Zora is raising $ 50 million for the NFT instrument protocol

Startup Zora with incompatible tokens has raised $ 50 million in initial funding to boost its NFT protocol protocol.

The round was conducted by Haun Ventures – the first investment of the Web3 fund led by Katie Haun, formerly of Andreessen Horowitz – featuring Coinbase Ventures and Kindred Ventures.

Zora is publicly available and focuses on providing affordable tools for creating NFT collections and independent marketplaces for artists and businesses. It was used in DOGE NFT’s $ 4 million sales last September, as well as in NFT’s dating show “Mad Realities”.

Shorts for cryptocurrency

A new study claims that 33% of Britons have invested in cryptocurrency at some point, up 4% in six months and second only to the Netherlands 47% in Europe.

The Binance cryptocurrency exchange has contributed $ 500 million to Ilona Maska’s Twitter purchase for $ 44 billion.

A few days after Argentina’s two largest banks – Banco Galicia and Brubank – announced plans to allow customers to buy and sell crypto, Argentina’s central bank (BCRA) blocked them to mitigate the risks the crypto poses to users and “to the financial system because the whole ”.

A federal judge has fined three BitMEX co-founders – Arthur Hayes, Benjamin Dello and Samuel Reed – $ 10 million each for running an illegal cryptocurrency derivative platform and violating money laundering rules.

Free mobile game publisher Tilting Point will partner with Polygon Studios to launch 10 Web3 games over the next two years.

LootRush, a platform for hosting easy-to-access blockchain games, has raised $ 12 million in a primary funding round led by Paradigm featuring Andreessen Horowitz. It also offers NFT rental for the game, which reduces costs for the new player and provides a profit for the NFT owner.

Cryptocurrency prices

The total market capitalization of more than 19,300 coins is $ 1.68 trillion, down 7% in the last 24 hours, equivalent to a loss of $ 120 billion.

The leader of the Bitcoin market – tthe original cryptocurrency created by the mysterious Satoshi Nakamoto – fell 8% below $ 36,500 at the time of writing (7.30 in the UK). BTC is decreased by 8% for the week.

Ethereum, the second most valuable crypto coin, was created as an advertisementa centralized network for smart blockchain contracts – down 6% to about $ 2,750. ETH fell 6% during the week.

Binance Coin is about cryptocurrency created by the popular cryptocurrency Binance to help its goal of becoming an infrastructure service provider for the entire blockchain ecosystem. His BNB token lost 6% to $ 379, bringing it down 7% in seven days.

XRP token from Ripple, a system of exchange and money transfers of payment settlements, acts as a bridge for transfers between other currencies. The XRP fell 6% to below 61 cents, leaving it at 5% in seven days, but moved above Solana in the market capitalization table.

Solana is a blockchain designed to make decentralized finance available on a larger scale – and capable of processing 50,000 transactions per second. His SOL token dropped 11%. $ 83 and down 15% from a week ago.

Terra, described as programmable money for the Internet, lost 6% to below $ 81. His payment token is LUNA 6% lower than its cost a week ago.

Cardano is an open source network that helps dApps, which considers itself an updated version of Ethereum. Its ADA token, designed to allow owners to participate in the network, fell 9% to 79c. During the week it decreased by 5%.

The DOGE coin-meme was created as a satire on the hype around cryptocurrencies, but now it is a major player in space. DOGE fell 5% to below 13c, bringing the week down 9%.

Avalanche, a lightning-tested platform for institutions, businesses and governments, appeared out of nowhere a few months ago to break into the top 10 currencies. His The AVAX token fell 12% to $ 59 and fell 12% for the week.

Polkadot was founded by the Swiss foundation Web3 as an open source project to develop a decentralized network. His DOT token, which aims to securely connect blockchains, fell 11% to $ 14.54 and 14% lower than its price a week ago.

To see how the valuation of major coins has changed recently – and to sum up the latest news on cryptocurrencies – Click here.

Estimate the top 250 coins by market capitalization plus the 24-hour change in value and trading volume see below.

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In Crypto: $120bn wiped off market as Bitcoin.com launches VERSE token

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