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Crypto Startup

All articles tagged with #crypto startup

cryptocurrency2 years ago

Binance.US Partners with MoonPay as U.S. Banks Cut Ties

Binance.US, the American arm of the popular cryptocurrency exchange Binance, has turned to crypto startup MoonPay for on- and off-ramp services after U.S. banks severed ties with the exchange. MoonPay will provide Binance.US users with the ability to purchase and convert cryptocurrencies to fiat, depositing funds into their U.S. bank accounts. MoonPay emphasizes its rigorous KYC checks on all customers and supports various partners and exchanges with this functionality.

via CNBC|
#binanceus#crypto-startup#cryptocurrency
cryptocurrency2 years ago

Sam Altman's Worldcoin Launches Global Crypto Project with Eye-Scanning Technology

Worldcoin, the eyeball-scanning crypto startup founded by Sam Altman, has launched its services globally to build a reliable solution for distinguishing humans from AI online, enable global democratic processes, and increase economic opportunity. The startup has raised $250 million in funding and is backed by prominent investors. Users can download the World App and visit an Orb, an eyeball-scanning verification device, to receive their World ID. However, the project has faced criticism for exploitative practices in poor countries. Worldcoin aims to fortify incentive strategies, combat bots, and facilitate global democratic governance. The startup is holding 20% of its tokens and has capped the total supply at 10 billion. The maximum circulating supply at launch is 143 million tokens.

via TechCrunch|
#crypto-startup#cryptocurrency#eyeball-scanning
crypto-regulation2 years ago

SEC proposes reducing LBRY's $22M fine to $111K.

The SEC has requested to reduce the $22 million penalty on crypto startup LBRY to $111,614, citing the company's "lack of funds and near-defunct status." The SEC had previously sued LBRY for violating securities laws by selling its native LBRY credits (LBC) without registering with the SEC. LBRY's founder has argued that this case could impact the wider crypto industry as the company maintained that LBC was not a security. The SEC's request also argued that LBRY should be "enjoined" until it dissolves the company and burns LBC tokens.

via CoinDesk|
#crypto-regulation#crypto-startup#lbry