$300 million to boost online privacy, news site goes independent and shrinks

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Nym Technologies has raised $300 million to advance internet privacy.

The money will support the NYM Innovation Fund, with grants for developers looking to build on its decentralized infrastructure.

It comes from Andreessen Horowitz, Polychain, Greenfield One, Huobi Incubator, Tioga Capital, Eden Block, NGC Ventures, HashKey Capital, Figment, Fenbushi Capital, Tayssir Capital, KR1, Lemniscap and new backers OKX Blockdream Ventures.

Nym’s native token, NYM, recently launched on major crypto exchanges, including OKX and Huobi.

Its platform uses mixnets, network protocols that hide the metadata fingerprints of individuals to protect apps, coins, and wallets from mass surveillance.

The Tails software, which was used by Edward Snowden to leak NSA secrets, is among the first to win a grant. University researcher Carmela Troncoso has also won a grant for her privacy-enhanced COVID contract tracing system.

Crypto news publication Decrypt raises $10 million

A media company demystifying crypto and the decentralized web has raised $10 million in funding and withdrawn from blockchain accelerator ConsenSys Mesh.

The funding values ​​Decrypt and its production arm Decrypt Studios, a Web3 studio specializing in metaverse activations, at $50 million.

The capital injection comes from more than 15 investors, including venture capitalists, DAOs, Web3 organizations and angels.

Decrypt was co-founded by Time magazine veteran Josh Quittner, Ilan Hazan, and Ryan Bubinski during the “crypto winter” of 2018. It was launched as part of the ConsenSys Mesh incubator program with the aim of helping the world understand crypto and the Web3 and has since grown to five million average monthly unique visitors and 25 full-time employees.

“The first three years of Decrypt were foundational and ConsenSys Mesh gave us all the support we needed to grow without the pressures that often come with investor support,” Quittner said.

“With the addition of Dan, Jeff, and Alanna, along with a global roster of powerhouse journalists, Decrypt has taken a huge leap forward in credibility and like-mindedness. These early successes propelled us into the top three crypto publications in terms of traffic and reputation.

“Today, we are happy to announce that we are ready to take the next step towards our independence. Our deepest thanks and gratitude to Joe Lubin, Michael Kriak and the Mesh team who have helped ensure the success of this endeavor in a publication at the forefront of the crypto press.

A syndicate of around 20 investors comprised the $10 million fundraising and included Hack.VC, Hashkey Capital, Canvas Ventures, Protocol Labs, SK Group, as well as four DAOs (Global Coin Research DAO, Own.fund , Honey DAO and Orange DAO) and a number of strategic people.

Decrypt will also invest heavily in PubDAO, the decentralized Decrypt newswire co-launched in October with other partners and advisors that is used as a way to source stories, press releases, and other crypto work in a way truly native Web3.

Cryptocurrency Shorts

The US regulator Securities and Exchange Commission will hire 20 more people for its unit responsible for protecting investors in the crypto markets and against cyber threats. This will bring the total headcount of Crypto Assets and Cyber ​​Unit to 50.

Brian Armstrong, chief executive of crypto exchange Coinbase, predicts that one billion people will use crypto within a decade, up from 200 million today.

La Diversité du Cinéma Français (DCF) has announced the launch of KlapCoin – a cryptocurrency built on the Tezos blockchain to help enable investments in filmstrips to finance the development of audiovisual works.

Wall Street trading firm Jane Street has borrowed $25 million worth of US dollar (USDC) coins from blockchain investment firm BlockTower Capital to enter the world of decentralized finance. He intends to increase this amount to $50 million.

In the first four months of 2022, $1.6 billion in crypto assets were lost to exploits, hacks, and scams, according to CertiK. The total for 2021 was $1.3 billion and in 2020 was $550 million.

Video game company Square Enix is ​​selling intellectual property including Tomb Raider rights as well as game studios to Embracer Group – for a total of $300 million – to focus on blockchain.

Crypto prices

The aggregate market cap of over 19,200 coins is $1.72 trillion, down 1.1% in the last 24 hours.

Bitcoin market leader – ta original cryptocurrency created by the mysterious Satoshi Nakamoto – dropped slightly to $38,285 at time of writing (7am UK). BTC is slightly down in a week.

Ethereum, the second most valuable crypto coin – created as an announcementcentralized network for smart contracts on the blockchain – fell 1% to $2,800. ETH is down 1% in a week.

Binance Coin is a cryptocurrency created by popular crypto exchange Binance to help it become the infrastructure service provider for the entire blockchain ecosystem. Its BNB token lost 1% to $387, leaving it down 1% over seven days.

Ripple’s XRP token, a payment settlement asset exchange and remittance system, acts as a bridge for transfers between other currencies. XRP fell 1% to 61 cents, leaving it down 7% over seven days.

Terra, described as a programmable currency for the internet, fell slightly to $84. Its LUNA payment token is 5% lower than its price a week ago.

Solana is a blockchain designed to make decentralized finance accessible at scale – and capable of processing 50,000 transactions per second. His SOL token has lost 2% to $86 – enough to see it fall below XRP and Terra in the market cap valuation chart – and is down 11% from a week ago.

Cardano is an open-source network facilitating dApps that sees itself as an updated version of Ethereum. Its ADA token, designed to allow owners to participate in the operation of the network, lost 1% towards 78vs. That’s 6% down over the course of a week.

The Meme DOGE coin was created as a satire on the hype surrounding cryptocurrencies, but is now a major player in the space. DOGE fell 1% below 13c, leaving it down 8% in a week.

Avalanche, a lightning-fast verifiable platform for institutions, businesses and governments, came out of nowhere months ago to break into the top 10 currencies. His The AVAX token fell 2% to $60 and is down 14% in a week.

Polkadot was founded by the Swiss-based Web3 Foundation as an open-source project to develop a decentralized web. Its DOT token, which aims to securely connect blockchains, has remained around $15.10 and is 11% lower than its price a week ago.

To see how the valuations of major coins have changed lately – and for a roundup of recent developments in cryptocurrency news – click here.

For valuations of the top 250 coins by market cap, plus 24-hour price change and volume traded, see below.

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$300 million to boost online privacy, news site goes independent and shrinks


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