Category: Cryptocurrency News

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Bazaar Technologies, a Pakistani blockchain marketplace, successfully raised about $30M in Pakistani’s biggest Series A round. An announcement made by Bazaar states that August 24th will be the closing of its raise. It also reveals that Singapore’s Wavemaker Partners and Silicon Valley-based Defy Partners were the leaders of the funding round. Many other investors also participated in the funding round, including Japan’s Saison Capital, LinkedIn, Endeavor, and numerous present-day investors such as Alter Global and Indus Valley Capital. Related Reading | PayPal To Facilitate UK Customers With Cryptocurrency Trading Feature In Pakistan, Bazaar asserts that they are the leading Business-to-business marketplace group for small-scale merchants. They serve up to 750,000 merchants across 400 villages and towns. The majority of those that make use of Bazaar are small-scale ‘mom-and-pop grocery stores known locally as “Kiryana Stores.” They buy stock from suppliers through this platform. Bazaar’s round this period has grown its funding to $37.8 million. This figure grew from its $6.5M seed round of January 2021 after eight months of its launching and its pre-seed round of $1.3M in June 2020. The seed-round was co-led by the Global Founders Capital based in Berlin. The seed round was the firm’s first Pakistani investment. Also, VC Indus Valley Capital is another partner in the June seed round last year. Bazaar Seed Round Is The Largest In Pakistan Furthermore, the data shows that this latest seed round is the largest of its kind ever raised in Pakistan at a startup level. As a result of this raise, Bazaar right now has a total of $7.8 million. This makes it the largest funded startup in all of Pakistan. Furthermore, Bazaar also brought in top global and regional organizations as well as angel investors. For example, Wavemaker Partners based in Singapore, Early-stage VC S7V, Saudi’s Derayah Venture Capital, and Next Billion Ventures based in the United States participate in the seed round. Hamza Jawaid and Saad Janda founded Bazaar in 2019. Janga was formerly the product manager of Careem, a local Uber subdivision, whereas Jawaid worked in McKinsey, a management consulting company. In recent months, the Pakistani government has initiated strategic ways of building a better regulatory apparatus that will be permissive to the country’s crypto sector. Related Reading | 37% Of U.S. Investors Decline To Liquidate Cryptocurrency Assets in Bearish Situations The Pakistani Securities and Exchange Commission issued a consultation paper in November. The paper surveyed the advantages of cryptocurrency assets as well as tokenization. In addition, the paper also embraced the industry feedback regarding the development of local regulations. In March, Khyber Pakhtunkhwa, a Pakistani province, announced how it would manage two hydro-powered cryptocurrency mining farms for a government-supported mining pilot. Featured image from Pixabay

All yield farmers track metrics differently. I would like to know what are metrics you think are important while yield farming from the most important one to the least important. In my case I track from most to least : – Revenue (APY) – Tokens Price (Total, Each) – Impermanent Loss – Profit – Amount…
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The new regulatory framework aims to bring the legal status to cryptocurrency exchanges in Kyrgyzstan.

I bought ETH a couple months ago and just now decided to stake after determining that I want to hold for the long run. At first I was hesitant because I was against having my ETH locked up. Just wondering if anyone else is not/does not plan to stake? submitted by /u/Holymoses43 [link]…
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It’s true that the use for NFTs is, as of now, largely confined to novelties. JPEGs of which an identical copy is available for free being bought for hundreds of thousands of dollars really does seem silly. But this attitude is just as dismissive as many had in the earlier days of cryptocurrency. The NFT…
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If ETH 2.0 doesn't bring the fees down, what is the sole purpose of switching to PoS, PoW would be more decentralised(compared to PoS). PoS is just to give more of the voting rights to the devs who hold loads of pm Ethereum? Eth has roll ups but ETH did not start for/with roll ups.…
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PayPal users with accredited identities will start accessing cryptocurrency trading soon. However, cryptocurrency transactions for its business account are not supported yet. Starting from this week, U.K residents will have initial access to buying, holding, and selling cryptos via PayPal. This development will make a remarkable milestone for a firm that started providing digital asset services within one year. PayPal is an American multinational financial technology company that operates an online payments system. It’s a global payment provider with services accessed in most countries that support online money transfers. PayPal serves as an electronic alternative to traditional payment methods such as checks and money orders. Related Reading | 37% Of U.S. Investors Decline To Liquidate Cryptocurrency Assets in Bearish Situations On Sunday, the popular payment provider declared its intent to allow U.K customers access to cryptos. The cryptos are Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and Bitcoin (BTC). Of course, you can always access them via mobile app or website. The Sunday announcement marked PayPal’s first expansion of crypto services outside the U.S and was initially launched last year November. PayPal Aims To Boost Cryptocurrency Exposure In U.K. Jose Fernandez da Ponte cited money digitization during COVID-19 as one of the main motivations for embracing crypto. Jose Fernandez is a high-ranked executive for PayPal’s cryptocurrency division. He added that; “Our expertise on global digital payments provides us with the opportunity and responsibility of helping U.K. residents to explore cryptocurrency. This adds to our businesses and consumers knowledge combined with various security and compliance controls.” By making its crypto services available to U.K. residents, the online payment giant plays a role in increasing the country’s cryptocurrency exposure. After a sudden pullback, the market is back on bullish track | Source: Crypto Total Market Cap on TradingView.com According to reports, the payment giant has the highest penetration among other European countries in U.K.with over 2 million active users monthly. Rumors on PayPal’s crypto expansion proposal have been in circulation since the past month after Dan Schulman’s speech. Dan Schulman’s CEO had earlier informed investors on the soon coming PayPal services to the U.K. residents. Reports further show that PayPal’s eye development in Defi is a precursor to integration plans in the future. The Financial Conduct Authority (FCA) on regulation in the U.K. goes down on some crypto exchanges. These are exchanges that have not met their registration demands. Related Reading | Facebook Officials Claim Novi Received Approval From Major U.S. States For example, FCA shuttered the operations of Binance U.K. after warning them against providing regulated trading activity in the country this summer. PayPal’s da Pote Jose gave assurance that his company will keep working with U.K. regulators and others to roll out its cryptocurrency services. Featured image from Pixabay, chart from TradingView.com

Right now L2's are very early, Eth transaction fees are high, Sharding is atleast a year away, and the UX is too complicated for most people to bother. Sure you can use L2 for some stuff right now and pay pennies in fees, but you still have to pay a hefty fee just to bridge…
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