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NYM token jumps by over 32% after concluding a $300M fund round to develop mixnets

NYM token has rallied by over 30% following Harry Halpin, NYM CEO, and announcement on raising a $300 million fund towards its mixnets development. It’s worth noting that NYM received the funds after its native token ‘NYM’ was listed on a major crypto exchange.

 At the time of writing, NYM is trading at $0.9366, up 32.34% over the past 24 hours.

The firm noted that it has been able to win the trust of investors at a time when Venture Capitals are dumping projects, besides, the Venture Capitalists that participated in its earlier round also participated in the latest one.

NYM is determined to provide a next-generation multipurpose mixnet that will help internet surveillance users. For them to be able to achieve this, they noted in a report that they raised some funds from prominent industries like Andreessen Horowitz (a16z), Eden Block, Polychain, Tioga Capital, and many others.

NYM’s Venture Capital funding on the rise

Harry Halpin in a report revealed that over $50,000 million has flown in but the firm will utilize the raised $300 million in different phases and for future needs. Currently, NYM is developing services that will cover all the activities in and out of the crypto.

In addition, Andreessen Horowitz (a16z) had invested in the NYM mentioning that NYM is working on solving internet privacy with its mixnet by the use of blockchain. Besides, the NYM team and its CEO have been working on its privacy with projects like Panoramix and NEXTLEAP to meet the idea.

This move by the firm has demonstrated the high number of venture capital funding that are venturing into the crypto industry with the recent one being Dragonfly Capital which launched its biggest fund of $650 million to invest in blockchain technology. 

The post NYM token jumps by over 32% after concluding a $300M fund round to develop mixnets appeared first on Coin Journal.

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Crypto.com hires ex-Visa regulatory chief as VP of policy for EMEA

Crypto.com, a top cryptocurrency exchange and trading platform available across the globe, has added a former Visa regulatory chief to its team, according to a brief detail shared on LinkedIn.

Roeland Van der Stappen, who headed Visa’s regulatory affairs team for Europe, has reportedly left the role and taken up an offer at the cryptocurrency firm.

In his LinkedIn announcement on Monday, Van der Stappen said he was now Crypto.com’s Vice President, Policy and Engagement for EMEA (Europe, the Middle East and Africa). 

“I’m happy to share that I’m starting a new position as Vice President, Policy and Engagement, EMEA at Crypto.com! Looking forward to dive into #crypto and #Web3 policy issues and begin sharing all the great things my colleagues are working on,” he wrote.

Van der Stappen headed Visa’s regulatory affairs team in Europe for three and half years and had previously worked at banking giant Barclays.

Crypto.com was founded in 2016 and currently counts over 4,000 people as part of its team. The exchange, which recently expanded its services to the US market, has a customer base of over 10 million people.

The post Crypto.com hires ex-Visa regulatory chief as VP of policy for EMEA appeared first on Coin Journal.