Proof has shown that it has successfully closed a $50 million Series A round of funding led by Andreessen Horowitz. Proof's $50 million fundraising round, which was led by Andreessen Horowitz, has come to a successful end (a16z). During the funding process, there was also help from Seven Seven Six, True Ventures, Collab+Currency, Flamingo DAO, SV Angel, and VaynerFund. In April, Seven Seven Six put $10 million into PROOF. The company also talked about the technology that runs its Web3 platform and how it plans to grow the whole ecosystem. The company is now working on making a platform that will help NFT collectors work with communities and unlock utilities. Kevin Rose, co-founder and CEO of Proof, made the announcement, along with co-founder and Chief Product Officer Justin Mezell and Director of Product Harri Thomas. Getting money during a live-streamed event for the community. Kevin Rose said this about the fundraising: "It's great to have this vote of confidence from s...

According to a poll conducted by Reuters, it is anticipated that by the end of 2022, India's diminishing foreign exchange reserves will have reached their lowest level in more than two years. This is because the Reserve Bank of India (RBI) will continue to protect the rupee from the strengthening dollar. The Reserve Bank of India (RBI) has decreased its foreign exchange reserves by almost $100 billion, bringing the total down to $545 billion from a peak of $642 billion a year ago. More reductions are on the way as part of a fight that has thus far been unsuccessful in preventing the rupee's decline to a historical low in relation to the dollar. These reserves are anticipated to reach $523 billion by the end of the year, which is a fall of another $23 billion from their current level, as indicated by the median forecast from a survey of 16 economists done by Reuters on September 26–27. If those estimates are accurate, it would be the first time in almost two years that the level...

As excitement about Ethereum's next Proof-of-Stake update continues to rise, the cryptocurrency's price surpassed $2,000 early Saturday morning. This week, Ethereum developers settled on the middle of September as the most likely launch date for "the Merge." During the Merge Rally, ETH Price Breaks $2,000 The trading in Merge is doing quite well even now. ETH continued its run that has been going on for weeks into the weekend, and it broke the $2,000 barrier for the first time since May. At the time of publication, the data provided by CoinGecko indicates that the cryptocurrency ranked second is trading barely above a critical psychological milestone. Over the course of the past week, its value on the market has increased by almost 16%. After this most recent rally, ETH is up more than one hundred percent from its low point in June, which was when the whole cryptocurrency market crashed as a result of the failure of Three Arrows Capital. Despite the fact that other cr...

Financial trading needs a variety of talents. These skills include analyzing a company's fundamentals and predicting a stock's trend. The trader's mentality is more important than their technical skills. Trading psychology involves controlling emotions, thinking quickly, and maintaining discipline. Fear and greed must be understood and controlled. Understanding Trading Psychology Each trader's trading psychology is influenced by their feelings and beliefs. Fear and greed can make or destroy a trade. Greed makes traders less smart and less able to make excellent selections. When trading out of greed, you may acquire shares of a firm you don't know much about because it's doing well or because you don't know the investment. Greed might induce a trader to stay in a position too long to maximize profits. Traders often take hazardous, speculative positions at the end of a bull market. Fear opposes greed. People fear losing money and abandon trades early or ...

The Bend DAO development team expressed their regret, saying, "We are sorry that when we were setting the initial parameters, we underestimated how illiquid NFTs could be in a bear market." On Monday, in an effort to restore balance to the ecosystem, the developers of the decentralized nonfungible tokens (NFTs) borrowing and lending protocol Bend DAO proposed new emergency measures. On the same day, it became public knowledge that the venture could only repay its creditors with a total of 15 wrapped Ether (wETH) valued at $23,715, according to reports. The mechanism resulted in the lending of approximately 15,000 ETH in total. The Bend Dao development team proposed lowering the liquidation threshold for collateral from 85% of the loan value to 70% of the loan value in order to prevent a credit crisis from affecting the protocol. This would bring the threshold closer in line with current standards. Next, it was announced that the auction period for NFTs on its platform would b...

After missiles damaged the southern port of Odesa, Ukrainian President Volodymyr Zelensky accused Russia of "barbarism," endangering an agreement signed the day before to allow grain exports from Black Sea ports and help global food shortages caused by the war. Russia launched cruise missile strikes on Odesa, via which grain deliveries from southern Ukraine would be monitored, just 12 hours after Moscow inked an agreement with Kyiv to enable such exports. Zelensky referred to the attack as an act of "barbarism," implying that Moscow could not be relied upon to carry out the terms of the agreement. Russia, he told US lawmakers, "proves just one thing: no matter what it says and pledges, it will find methods not to do it," according to a statement released by the White House. Social media posts from witnesses in the port area showed the explosion of a missile not far from a docked ship, hidden behind stacks of containers. The attacks on Odesa were strongly c...

The conventional head and shoulders pattern is similar to the inverse head and shoulders pattern, which is also known as a "head and shoulders bottom." The head and shoulders top is used to forecast reversals in uptrends, whereas the head and shoulders bottom is used to forecast reversals in downtrends. The price action of a security is said to have displayed this pattern when it exhibited the following characteristics: the price fell to a trough and then rose; the price fell below the prior trough and then rose; and finally, the price fell but did not reach the second trough. As soon as the last drop is produced, the price begins to rise in the direction of the resistance that may be located near the top of the previous troughs. What does it mean when the Head and Shoulders pattern is inverted? When the price breaks above the resistance of the neckline, investors will often start a long position in the asset. Shoulders are represented by the first and third troughs, while th...

Spot trading is among the simplest ways to trade or invest in cryptocurrencies. Numerous new investors and traders begin their crypto journey on the spot market. This article will explain in detail what spot trading is, how to trade spot markets, and the risks and benefits associated with spot trading. While cryptocurrency coins are analogous to conventional currency, cryptocurrency tokens are analogous to assets. A crypto token may be a DAO share, a digital asset, a network token, or even a physical object. Nevertheless, due to numerous security concerns, purchasing tokens can be a frequent source of frustration. Consequently, you should always invest on secure platforms where tokens are traded every second. What Is Cryptocurrency Spot Trading? Spot trading is based on a straightforward premise: traders acquire crypto assets and then wait for their value to rise. When a trader such as Sue purchases Bitcoin, for instance, she does so with the expectation of selling it for a profit at a...

The military's innovation division is conducting a comprehensive investigation of cryptocurrencies to determine the threats that the advent of digital assets poses to law enforcement and national security. DARPA, commonly known as the Defense Advanced Research Projects Agency, will conduct the research over the course of one year. DARPA is the entity responsible for developing the first internet-supporting technologies. In part to aid law enforcement in preventing the illegal use of digital assets, the company will offer the Pentagon with tools that provide a comprehensive understanding of the inner workings of crypto markets. Mark Flood, a program manager for the organization, told The Washington Post that the present study "involves an in-depth mapping of the cryptocurrency world." In addition to combating illicit funding, the government intends to use the data to get insight into the dynamics influencing traditional financial markets, where exact information is more di...

John Robb of John Robb & Son in Neilston, East Renfrewshire, is offering unleaded gasoline for 168.9 pence per liter and diesel for 183.9 pence per liter, which are among the lowest prices in the region. He claims that his company is doing so to alleviate locals' concerns about poverty. Major retailers have been criticized for failing to pass on a decrease in wholesale prices to consumers. According to the RAC, average gasoline pump prices decreased by nearly 9p in July to 182.69p per litre, while diesel prices decreased by nearly 7p to 192.38p per litre. However, the motoring lobby contends that motorists continue to spend too much at the pump in comparison to wholesale costs, which have decreased by 20p over the past eight weeks. It is stated that the price of gasoline should be approximately 167 pence per liter. Mr. Robb quickly lowered his gasoline and diesel pricing to reflect the most recent weekly wholesale cost. When asked why he did not delay price cuts like other larg...

The eSports, lifestyle, and media business FaZe Holdings Inc (NASDAQ: FAZE) is entering the metaverse via a new relationship with Web3 industry leader The Sandbox. The Sandbox, a division of Animoca Brands, has announced a relationship with FaZe Clan, a North American gaming and esports group. Through this arrangement, FaZe Clan will enter the metaverse and construct a virtual region dubbed FaZe World. According to the announcement, FaZe and Sandbox will work together to generate new revenue streams and offer events and experiences in FaZe World. Included in the cooperation for "Faze Clan entering metaverse" are: FaZe Clan will construct FaZe World, a 12-square-foot virtual plot in the Sandbox metaverse. According to the two companies, the world is "part virtual property and part amusement park." They intend to construct digital infrastructure in support of this concept. In FaZe World, FaZe and Sandbox will organize virtual events, games, and digital items. In addit...

The alliance's primary objective is to expand the breadth of NFT markets both domestically and internationally by ensuring that both organizations' platforms feature NFT content. SK Telecom's Ifland metaverse service recently sponsored a quiz show by QuizTalk Co., Ltd., which has expanded its presence in the NS home shopping and live commerce industry. QTCON has now been made available on the three largest domestic exchanges, Bithumb, Upbit, and Coinone. It also debuted on the international cryptocurrency exchange Gate.io. About 780 million answers, 1.32 million quizzes, and 700,000 downloads can be found on QuizTalk's "QUIZTOK" platform. You can earn points for answering a quiz question on Quiz Talk, and the person who posed the question can earn points as well. To make it easier for one's followers to access quizzes, a quiz curator has been implemented. If a company wants to promote itself on QuizTalk, it must first acquire and use tokens. Your MAL-SCAN ...

The department in charge of combating financial crimes in India, the Enforcement Directorate (ED), is investigating cryptocurrency exchanges that may have handled transfers from companies under investigation to foreign wallets totaling more than 10 billion rupees, or roughly $130 million. According to a representative who talked with The Economic Times, at least ten cryptocurrency exchanges are allegedly implicated, and WazirX's bank accounts have been seized. Companies under investigation in a case involving rapid loans allegedly executed transactions totaling up to 1 billion rupees ($1.3 million) in the names of individuals with no relation to the money. These businesses frequently had ties to China. The transactions were revealed to be suspicious by Know Your Customer/Anti-Money Laundering (KYC/AML) processes, but no increased due diligence was carried out and no suspicious transaction notifications were submitted to the ED, according to the agency. Last week, the ED allegedly c...

A recent governance proposal to update the pricing feeds of Compound, a decentralized lending platform, was hampered by a programming error. Although the Compound ETH (cETH) market has "temporarily halted" due to the coding fault, Compound Labs assured users that their money is not in danger right away despite the front end's malfunction. On August 31, Compound Labs revealed that the code error originated from Proposal 117: Compound Oracle Upgrade v3, which had just been put into place to upgrade the oracle contracts on the Compound protocol to a new version that uses Uniswap V3 rather than V2 for price feeds. Compound Labs stated that it intended to use Proposal 119: Oracle Update to return to the prior price feed in response to the cETH market briefly freezing. Despite being created less than an hour after Proposal 117 was carried out, the new proposal must now go through a seven-day governance process before it can go into effect. According to an update from OpenZeppel...

BlackRock, the largest asset manager in the world with a portfolio worth over $10 trillion, has reportedly started a new private spot Bitcoin (BTC) trust, according to a blog post that was published on Thursday. The fund, which is solely open to institutional investors in the United States, aims to monitor the performance of Bitcoin after deducting costs and obligations associated with the trust. BlackRock provided an explanation for the choice, stating: "Despite the severe decline in the market for digital assets, we are still witnessing significant interest from some institutional clients in how to effectively and affordably access these assets using our technology and product capabilities. The main area of interest for our clients right now in the digital asset market is bitcoin, which is also the oldest, largest, and most liquid digital asset. Private investment trusts are exempt from American regulatory agencies' registration requirements if they do not solicit investment...

  Foreign exchange reserves hit a two-year low for six weeks. Since the Ukraine crisis, India's foreign exchange assets have dropped by over $80 billion, including over $2 billion in the last week as the Reserve Bank of India sold dollars to help the rupee cross 80-to-the-dollar. Foreign exchange reserves fell by $2.234 billion to $550.871 billion in the week ended September 9, the RBI's most recent weekly statistics show. Since Russia invaded Ukraine in late February, India's import coverage has fallen for six weeks in a row and 23 out of 29 weeks, reflecting the RBI's continued withdrawal of reserves to fight a rise in the US dollar caused by capital outflows to dollar-denominated assets. Foreign exchange reserves have dropped more than $90 billion since late October. Despite persistent foreign capital inflows, a widening current account deficit has not stopped import coverage from falling. After the rupee plummeted this year from over $74 to a record high of over 80 ...

Following a 5% decline the day before due to concerns that demand would be negatively impacted by further COVID-19 regulations in China and central bank interest rate increases, oil prices modestly recovered on Wednesday as data indicated strong gasoline demand in the United States. Additionally supporting the market was a little weaker US dollar, which made oil less expensive for buyers using other currencies. In response to recession fears, U.S. West Texas Intermediate (WTI) crude CLc1 futures increased by 90 cents, or 1%, to $92.54 a barrel at 03:06 GMT. The previous session saw a $5.37 decline in the price. The price of October Brent oil LCOc1 futures, which are set to expire on Wednesday, increased 70 cents, or 0.7%, to $100.01 a barrel, reversing Tuesday's $5.78 decline. At $98.80 a barrel, the more active November contract LCOc2 was up 96 cents, or 1%. Price fluctuations since the start of the Ukraine crisis six months ago have alarmed hedge funds and speculators and reduced...

Short bets on the Thai baht fell substantially after the country's first rate hike in nearly four years, according to a Reuters poll, as bearish bets on emerging Asian currencies lessened on hopes that monetary tightening will moderate raging inflation. According to a twice-weekly survey of 12 analysts, short holdings on all developing Asian currencies decreased, with bets on the Chinese yuan reaching their lowest level since late April. Short positions on the Singapore dollar, Indonesian rupiah, and Philippine peso all hit multi-month lows. The first noticeable hint of comfort following consistently rising prices was an unchanged U.S. inflation print for July, which also contributed to the improvement in the region's mood. After the Bank of Thailand (BoT) on Wednesday increased its interest rate by 25 basis points, kicking off its tightening cycle after behind regional peers, short bets on the Thai baht fell to their lowest level since early June. As tourists start to return, ...