Der Mitbegründer einer anderen DEX erklärte am 2. September, dass man auf GMX einen Exploit durchführen könnte, wodurch GLP-Besitzer Geld verlieren könnten. 16 Tage später ist das tatsächlich passiert.
Britische Finanzaufsicht verwarnt FTX wegen fehlender Zulassung
Die FCA mahnt, dass die FTX in Großbritannien keine Finanzdienstleistungen ohne die nötige Zulassung erbringen darf.
Polychain leads $40M raise for African crypto exchange Yellow Card
African crypto exchange Yellow Card raised $40 million in its Series B round led by Polychain Capital.
Yellow Card Financial, a Nigeria-based cryptocurrency exchange seeking to drive the next wave of crypto adoption across Africa, has successfully closed its $40 million Series B funding round, according to news the platform shared on Monday.
US-based investment firm Polychain Capital led the funding round, Yellow Card announced, with the capital injection adding to the Pan-African crypto startup’s Series A funding round completed in August 2021. At the time, the platform secured $15 million from investors and has now raised over $57 million to top the fundraising board for crypto companies across the continent.
For its latest financing round, Yellow Card attracted participation from Castle Island Ventures, Valar Ventures, Third Prime Ventures, DG Daiwa Ventures, Sozo Ventures, Fabric Ventures, The Raba Partnership, and Jon Weiner among others.
Driving crypto adoption in Africa
The funding will enable the company to drive exponential business growth, continue its successful expansion across the continent, develop new product innovations, and advance strategic partnerships across Africa.
According to Chris Maurice, co-founder and CEO of Yellow Card, the funding is a vote of confidence in the team and the product. It also highlights the massive appetite for crypto across the continent.
The fundraising succeeded despite a crypto winter that has seen many crypto companies struggle, with many resorting to downsizing their headcount to keep financial books balanced.
“This fundraise in this market not only showcases the resilience of our team but also reiterates the appetite and necessity for cryptocurrency in Africa,” Maurice noted in a statement.
Polychain Capital partner Will Wolf sees Yellow Card as “the best executing team on the continent,” and believes what they have done is just the beginning of what’s possible towards greater crypto adoption in Africa.
“We are impressed by the way they seamlessly adjust and adapt to the unique opportunities and demands of the various African markets. We’ve barely touched the surface of what is possible when it comes to crypto in Africa, and we’re excited for what’s to come,” Wolf added.
Yellow Card launched in 2019 in Nigeria and is currently available across 21 countries,including Senegal, Gabon, Zambia, Kenya and Rwanda. The platform’s growth has seen it surpass 1 million customers in just three years as more people tap into its technology to invest in Bitcoin, Ethereum and other cryptocurrencies.
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The Merge’s effect: EVGA to stop manufacturing graphic cards after the Ethereum Merge
The Merge has seen the Ethereum network migrate to a proof of stake (PoS) mechanism, and the EVGA has stopped manufacturing graphic cards as a result of this.
EVGA, one of the largest manufacturers of graphics card add-in boards, announced over the weekend that it had stopped the board business.
This latest development is due to the poor financial outlook in the sector following the Ethereum Merge and the company’s mistreatment by its partner Nvidia. In its blog post, a company spokesperson said;
“EVGA will not carry the next generation graphics cards. EVGA will continue to support the existing current generation products. EVGA will continue to provide the current generation products. EVGA is committed to our customers and will continue to offer sales and support on the current lineup.”
The likes of Nvidia and AMD are in charge of designing the GPU that sits on the board, the development of the actual cards that slot into the computer is handled by companies such as EVGA, Asus, MSI, and Gigabyte.
EVGA CEO Andrew Han revealed that although the graphics cards are 80% of the company’s business, EVGA makes 300% more on power supplies. He added that the company wouldn’t entertain the idea of working with Intel or AMD due to the flaws with the business model.
The company stated that;
“EVGA will not carry the next generation graphics cards. EVGA will continue to support the existing current generation products. EVGA will continue to provide the current generation products. EVGA is committed to our customers and will continue to offer sales and support on the current lineup. Also, EVGA would like to say thank you to our great community for the many years of support and enthusiasm for EVGA graphics cards.
EVGA Management.”
The Ethereum Merge took place a few days ago, a move that saw the Ethereum network finally transition from a proof of work mechanism to PoS following years of planning and development.
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Leitzinserhöhung um 0,75 Prozent: Bullisch für Bitcoin (BTC) und Altcoins?
Die US-Zentralbank will diese Woche den Leitzins erneut erhöhen. Trader erwarten, dass eine Erhöhung um 0,75 Prozent eine Krypto-Rallye auslösen könnte.