Crypto news

2022 - 5 - 10

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Image courtesy of "CNA"

Crypto assets shed $800 billion in market value in a month (CNA)

Crypto assets bled nearly $800 billion in market value over the past month, touching a low of $1.4 trillion on Tuesday, according to data site CoinMarketCap ...

Advertisement Signs of weakness in stablecoins, typically a safer crypto currency, further spooked investors. Advertisement

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Image courtesy of "Forbes"

African Crypto Startup Raises $30 Million To Build A Web3 WeChat (Forbes)

Jambo's Series A funding round was led by crypto-focused venture capital giant Paradigm.

Additionally, in the spirit of WeChat’s parent company, Tencent, which has reportedly invested in more than 800 companies, Jambo is launching the AfricaDAO investment fund to index crypto development on the continent. Planned for launch in the third quarter of this year, it has locked in over 30,000 signups. To that end, the company has revealed exclusively to Forbes the completion of a $30 million Series A funding round led by crypto-focused venture firm Paradigm. It is Paradigm’s first investment in the continent.

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