Venture capital firms CoinFund and Shima Capital have created two separate investment funds, of $300 million and $200 million respectively, to support the development of the next generation of the Internet, Web3. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
$500 million for Web3 development
📍Venture capitalists CoinFund and Shima Capital have committed $500 million to developing Web3. CoinFund and Shima Capital have committed $500 million to support and develop projects focused on Web3, the next generation of the open and decentralized Internet.
The new funds launched by CoinFund, with a $300 million fund, and Shima Capital, with a $200 million fund, will support early-stage web companies and projects. The goal of these investment funds is to support the growth of companies and entrepreneurs by providing them with opportunities and resources in their first rounds of financing.
MUFC soars amid Elon Musk jokes
📍The MUFC token, which is not related to Manchester United FC, rose 3.000% after Elon Musk said he would buy the football team. Although the alleged plans to buy Manchester United FC were just another joke by the controversial billionaire, the value of the MUFC token, which is not related to the sports team and promotes false links with it, skyrocketed on the market.
According to data from several cryptocurrency price monitoring platforms, MUFC rose to $0,0074, showing a growth of close to 3.000% after Musk's tweet.
Bergoletten, the NFT created by Stefan Berger
(I.e.MEP Stefan Berger, the main driving force behind the Markets in Crypto-Assets Act (MiCA), is auctioning an NFT on Opensea. El NFT created by Berger shows “a pair of bathing shoes,” which he explained, “are the optimal gadget for summer and were chosen as the image of the NFT because every great development begins with a first step.”
Stefan Berger was one of the main proponents of the MiCA law, aimed at regulating the cryptoasset market in Europe. The MEP has defended the regulation of cryptocurrencies with an orientation towards the development and future growth of the industry, which is why, last March, he celebrated, together with the crypto community, the rejection by the European Parliament of an amendment that sought to ban cryptocurrencies based on Proof of Work, such as Bitcoin.
Canada's Caisse cancels its investment in Celsius Network
📍Less than a year after announcing its entry into the blockchain industry, the Caisse pension fund is cancelling its participation. Caisse de dépôt et placement du Québec, which manages pension funds in Canada, has cancelled its $150 million stake in cryptocurrency lending platform Celsius Network.
According to the company’s CEO, Charles Emond, its bet on the blockchain industry came too soon and referred to the crypto ecosystem as a sector “in transition.”
The FED talks about payments: FedNow vs digital dollar
📍For Federal Reserve Governor Michelle Bowman, the United States does not need a CBDC. During speech In a speech to the Board of Governors of the Federal Reserve System on Technology, Innovation and Financial Services, Fed Governor Michelle Bowman said that the instant payments service being designed by the Fed for next year, FedNow, meets the needs of a digital dollar. She explained that FedNow will facilitate money transfers from anywhere, ensuring that consumers and businesses can “make payments conveniently, in real time, on any day, with immediate availability of funds for recipients.”
The Fed governor also indicated that the central entity is evaluating the comments received regarding the creation of a CBDC digital currency for the dollar. However, she specified that, from her point of view, the FedNow payment service has the capacity to address all the problems that some have raised about the need to create a digital dollar in the country.
Continue reading: Tornado Cash receives 75% of laundered funds on Ethereum
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