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<title>Live Crypto Daily News &amp; Category: Crypto</title>
<link>https://www.livecryptodailynews.com/rss/category/crypto</link>
<description>Live Crypto Daily News &amp; Crypto</description>
<dc:language>en</dc:language>
<dc:rights></dc:rights>

<item>
<title>What’s Driving the Search for Digital Profit in Myanmar’s Shifting Economy</title>
<link>https://www.livecryptodailynews.com/whats-driving-the-search-for-digital-profit-in-myanmars-shifting-economy</link>
<guid>https://www.livecryptodailynews.com/whats-driving-the-search-for-digital-profit-in-myanmars-shifting-economy</guid>
<description><![CDATA[  ]]></description>
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<pubDate>Wed, 05 Nov 2025 07:45:59 +0530</pubDate>
<dc:creator>Alex</dc:creator>
<media:keywords>crypto trading in Myanmar</media:keywords>
<content:encoded><![CDATA[<p dir="ltr" style="text-align: justify;"><span>Inflation, job scarcity, and uneven access to banking have pushed many to rethink how they earn and save. Across Facebook pages, mobile apps, and encrypted chat groups, a quiet search for new income streams is unfolding. Some of these conversations lead to side hustles, others to global markets and a growing share now touch on </span><a href="https://www.bybit-global.com/en/"><span>crypto trading in Myanmar</span></a><span>.</span></p>
<p style="text-align: justify;"><b> </b></p>
<p dir="ltr" style="text-align: justify;"><span>For many, this exploration begins with necessity rather than ambition. A shop owner facing rising import costs might look online for opportunities to stabilise income. A university graduate with limited job prospects might study digital finance instead of waiting for traditional employment. These stories repeat across cities and small towns, reflecting a population trying to adapt in real time. The path toward digital profit may seem uncertain, yet the desire to find stability in unfamiliar spaces keeps it alive.</span></p>
<p style="text-align: justify;"><b> </b></p>
<p dir="ltr" style="text-align: justify;"><span>Internet access plays an important role in this shift. Smartphones have become both lifelines and classrooms. Through them, young people watch tutorials, join communities, and experiment with online investments. What once required a physical trading office can now happen from a modest home. The accessibility lowers barriers but also blurs boundaries the same phone used for messaging family abroad might host a trading app running through the night.</span></p>
<p style="text-align: justify;"><b> </b></p>
<p dir="ltr" style="text-align: justify;"><span>The early excitement around crypto trading in Myanmar often collides with reality. Price swings are sharp, and misinformation spreads quickly. Many new traders lose small amounts before they learn how to manage risk. Still, these experiences don’t always discourage them. Losses become part of an informal education system built on trial and discussion. In a country where financial literacy remains low, that process however rough still represents progress.</span></p>
<p style="text-align: justify;"><b> </b></p>
<p dir="ltr" style="text-align: justify;"><span>Cultural factors shape this evolution too. Myanmar’s people value patience and observation, traits that fit well with the slower pace of learning markets. Traders tend to start cautiously, often sharing insights in private group chats before taking bigger steps. The result is a growing network of micro-investors who study, adapt, and support one another. They rarely chase fast wealth; they aim for small, steady gains that might improve daily life.</span></p>
<p style="text-align: justify;"><b> </b></p>
<p dir="ltr" style="text-align: justify;"><span>At the same time, digital influence is spreading fast. Young professionals follow regional investors on YouTube, where discussions about market trends, blockchain, and payment systems unfold in multiple languages. Seeing others succeed across borders reinforces the idea that participation is possible. For some, this represents not only financial opportunity but also connection a way to belong to something larger than the local economy.</span></p>
<p style="text-align: justify;"><b> </b></p>
<p dir="ltr" style="text-align: justify;"><span>Government oversight remains limited but watchful. Officials acknowledge the risks of speculation and fraud, warning citizens about unlicensed exchanges. Yet there’s also recognition that the digital economy could become part of Myanmar’s future. Talk of blockchain applications in logistics, agriculture, and remittance systems hints at slow but steady institutional awareness. While the rules remain unclear, interest from both citizens and policymakers keeps momentum alive.</span></p>
<p style="text-align: justify;"><b> </b></p>
<p dir="ltr" style="text-align: justify;"><span>Economic uncertainty continues to act as both pressure and motivation. Traditional savings lose value quickly during inflation, while access to foreign currency stays restricted. For many, digital assets appear to offer flexibility not necessarily security, but options. That perception alone fuels participation. Even small trades create a feeling of agency, a sense that individuals can navigate forces larger than themselves.</span></p>
<p style="text-align: justify;"><b> </b></p>
<p dir="ltr" style="text-align: justify;"><span>Within Myanmar’s shifting economy, the search for digital income isn’t just about technology or speculation. It reflects the human instinct to adapt to look for hope when familiar paths grow narrow. Whether successful or not, the spread of crypto trading in Myanmar signals that people are ready to experiment, to take small risks, and to imagine futures that extend far beyond local borders.</span></p>]]> </content:encoded>
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<title>Flipido Trading Center Launches Eco&amp;Friendly NFT Platform to Promote Sustainable Digital Asset Innovation</title>
<link>https://www.livecryptodailynews.com/flipido-trading-center-launches-eco-friendly-nft-platform-to-promote-sustainable-digital-asset-innovation</link>
<guid>https://www.livecryptodailynews.com/flipido-trading-center-launches-eco-friendly-nft-platform-to-promote-sustainable-digital-asset-innovation</guid>
<description><![CDATA[ Flipido Trading Center introduces a carbon-neutral NFT marketplace designed to reduce environmental impact while supporting secure, scalable, and creative digital asset trading. ]]></description>
<enclosure url="http://www.livecryptodailynews.com/uploads/images/202504/image_750x_6812283c95a22.jpg" length="49450" type="image/jpeg"/>
<pubDate>Wed, 30 Apr 2025 13:10:21 +0530</pubDate>
<dc:creator>Alex</dc:creator>
<media:keywords>Flipido, Trading, Center, Launches, Eco-Friendly, NFT, Platform, Promote, Sustainable, Digital, Asset, Innovation</media:keywords>
<content:encoded><![CDATA[<p style="text-align: justify;"><a href="https://flipido.com/" rel="nofollow noopener" target="_blank">Flipido Trading Center</a>, a globally recognized cryptocurrency exchange, has officially launched its eco-friendly NFT platform, setting a new benchmark in the integration of sustainability and blockchain innovation. Designed for artists, collectors, and developers, the platform enables the creation and trading of non-fungible tokens (NFTs) on a carbon-neutral blockchain infrastructure, contributing to a more sustainable digital economy.</p>
<p style="text-align: justify;">The NFT platform is built on energy-efficient blockchain protocols that utilize proof-of-stake (PoS) consensus mechanisms and advanced scaling technologies to minimize energy consumption. These innovations significantly reduce the environmental impact traditionally associated with NFTs, while maintaining high standards of speed, security, and reliability.</p>
<p style="text-align: justify;">œThis platform represents Flipido Trading Center’s commitment to aligning innovation with sustainability, said Alicia Torres, Head of Product Development. œBy offering a secure and eco-conscious NFT marketplace, the platform empowers creators to thrive without compromising the planet.</p>
<p style="text-align: justify;">Flipido’s new platform integrates seamlessly with its existing cryptocurrency ecosystem, allowing users to manage digital collectibles and crypto assets within a unified, secure interface. Users benefit from real-time price analytics, intuitive navigation, and compatibility with multi-signature wallets, ensuring both performance and safety.</p>
<p style="text-align: justify;">Security remains central to the platform’s architecture. The NFT marketplace incorporates audited smart contracts, anti-fraud protections, and advanced encryption protocols to protect users from theft and malicious activities. Flipido also enforces creator verification to reduce counterfeit listings and ensure authenticity across the platform.</p>
<p style="text-align: justify;">Beyond technology, Flipido Trading Center has partnered with international environmental organizations to support reforestation and renewable energy initiatives. A portion of platform revenue is directed toward certified carbon offset programs, creating a direct connection between digital asset activity and environmental restoration.</p>
<p style="text-align: justify;">To educate the community, Flipido is launching a œGreen Web3 learning campaign, featuring educational content on sustainable blockchain practices. The campaign includes live expert sessions, interactive guides, and reward-based challenges to encourage eco-friendly participation in the NFT space.</p>
<p style="text-align: justify;">This initiative coincides with a growing industry focus on ESG (Environmental, Social, and Governance) principles. As investors and institutions increasingly prioritize sustainability, <a href="https://flipido.info/" rel="nofollow noopener" target="_blank">Flipido Trading Center</a>‘s eco-conscious platform stands out as a proactive response to environmental concerns in the crypto sector.</p>
<p style="text-align: justify;">The NFT platform supports a wide range of digital assets, including artwork, collectibles, music, gaming content, and virtual real estate. It also provides tools for community interaction such as auctions, creator showcases, and virtual exhibition events.</p>
<p style="text-align: justify;">Future developments will include interoperability with other green blockchain networks, carbon impact tracking features, and expanded ESG reporting tools for users and institutional partners. These upgrades will further reinforce <a href="https://flipidotrading.com/" rel="nofollow noopener" target="_blank">Flipido</a>‘s position as a pioneer in responsible crypto innovation.</p>
<p style="text-align: justify;">With this launch, <a href="https://flipido-review.com/" rel="nofollow noopener" target="_blank">Flipido Trading Center</a> sets a new standard for the NFT industry”demonstrating that blockchain technology can power a creative economy while supporting global sustainability goals.</p>
<p style="text-align: justify;"><strong>Company Name<span> </span></strong>– Flipido<br><strong>Contact Number</strong><span> </span>– +1 468-203-7424<br><strong>Email Id<span> </span></strong>– service@flipido.com<br><strong>Website Address</strong><span> </span>– https://flipido.com/</p>]]> </content:encoded>
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<title>Metaco CEO Warns of &amp;apos;Cataclysmic&amp;apos; Consequences for Crypto Startups Amid Market Crash</title>
<link>https://www.livecryptodailynews.com/metaco-ceo-warns-of-cataclysmic-consequences-for-crypto-startups-amid-market-crash</link>
<guid>https://www.livecryptodailynews.com/metaco-ceo-warns-of-cataclysmic-consequences-for-crypto-startups-amid-market-crash</guid>
<description><![CDATA[ Adrien Treccani, CEO of Swiss cryptocurrency firm Metaco, has warned that the ongoing market crash could lead to the closure of 20% to 30% of crypto startups in Switzerland within the next six months. He views the downturn as a necessary correction that will eliminate weaker companies, ultimately benefiting the industry by allowing stronger players to emerge. Despite the challenges, Treccani notes that the Swiss crypto sector remains resilient due to favorable regulations. The overall decline in the market has been exacerbated by significant losses in Bitcoin&#039;s value and the collapse of the Terra (LUNA) ecosystem. ]]></description>
<enclosure url="http://www.livecryptodailynews.com/uploads/images/202411/image_750x_6732e9a709b03.jpg" length="301135" type="image/jpeg"/>
<pubDate>Tue, 12 Nov 2024 05:08:00 +0530</pubDate>
<dc:creator>Smith Katherine</dc:creator>
<media:keywords>Metaco, CryptoMarket, MarketCrash, CryptoStartups, CryptoWarning, Blockchain, Cryptocurrency, StartupChallenges, FinancialCrisis, CEOInsight</media:keywords>
<content:encoded><![CDATA[<div class="prose break-words dark:prose-invert prose-p:leading-relaxed prose-pre:p-0 fix-max-with-100">
<p class="mb-2 last:mb-0" style="text-align: justify;">Adrien Treccani, CEO of the Swiss cryptocurrency firm Metaco, has expressed concerns that the recent downturn in digital asset markets will have severe repercussions for many startups in Switzerland. In an interview with <em>Swiss Info</em> on July 13, Treccani predicted that the market crash could result in the closure of approximately 20% to 30% of crypto startups within the next six months.</p>
<h2 style="text-align: justify;"><strong>Market Correction and Future Outlook</strong></h2>
<p class="mb-2 last:mb-0" style="text-align: justify;">Despite the grim outlook, Treccani believes that this market correction could ultimately benefit the sector by eliminating weaker companies. He views the current situation as a bubble burst, which may lead to new opportunities for stronger players in the industry.</p>
<blockquote>
<p class="mb-2 last:mb-0">“This bursting bubble will filter out the noise and simplify the market. Normally after a big collapse, new opportunities emerge,” Treccani stated.</p>
</blockquote>
<h3 style="text-align: justify;"><strong>Resilience in the Swiss Crypto Sector</strong></h3>
<p class="mb-2 last:mb-0" style="text-align: justify;">While the market conditions are challenging, many startups in Switzerland are showing resilience. The country is known for its favorable regulations, which continue to attract new players to the blockchain industry.</p>
<h3 style="text-align: justify;"><strong>Global Impact on Crypto Businesses</strong></h3>
<p class="mb-2 last:mb-0" style="text-align: justify;">The market crash has prompted many cryptocurrency businesses worldwide to reassess their operations. Notable companies like Coinbase have announced layoffs and hiring freezes, while crypto lending platform Celsius has restructured its business after halting withdrawals due to liquidity issues.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;">The overall market decline has been largely driven by Bitcoin, which has lost over 70% of its value from its all-time high of nearly $68,000 in November of the previous year. This decline was exacerbated by the collapse of the Terra (LUNA) ecosystem, resulting in substantial investor losses.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;">In response to these challenges, regulatory proposals are being introduced, which could play a crucial role in the recovery of the cryptocurrency market.</p>
</div>
<div class="flex items-center justify-end transition-opacity group-hover:opacity-100 md:absolute md:-right-10 md:-top-2 md:opacity-0">
<h3 style="text-align: justify;"><strong>FAQ: Metaco CEO's Warning on Crypto Startups Amid Market Crash</strong></h3>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>1. Who is Adrien Treccani?</strong><br>Adrien Treccani is the CEO of Metaco, a Swiss cryptocurrency firm that specializes in digital asset management and custody solutions.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>2. What did Treccani say about the impact of the market crash on crypto startups?</strong><br>Treccani warned that the recent downturn in the cryptocurrency market could lead to the closure of 20% to 30% of crypto startups in Switzerland within the next six months.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>3. How does Treccani view the current market situation?</strong><br>He sees the market crash as a necessary correction that will eliminate weaker companies, ultimately benefiting the industry by allowing stronger players to emerge.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>4. What is the significance of the term "bubble burst"?</strong><br>Treccani refers to the current market conditions as a "bubble burst," indicating that the rapid growth and subsequent decline in cryptocurrency values were unsustainable and that the market is now correcting itself.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>5. How is the Swiss crypto sector responding to the market challenges?</strong><br>Despite the downturn, many Swiss startups are demonstrating resilience, partly due to the country’s favorable regulatory environment, which continues to attract new players in the blockchain industry.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>6. What are some notable actions taken by other crypto companies in response to the market crash?</strong><br>Companies like Coinbase have announced layoffs and hiring freezes, while the crypto lending platform Celsius has restructured its business after halting withdrawals due to liquidity issues.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>7. What has driven the overall decline in the cryptocurrency market?</strong><br>The decline has been primarily driven by Bitcoin's significant loss in value, which dropped over 70% from its all-time high of nearly $68,000 in November of the previous year. The collapse of the Terra (LUNA) ecosystem also contributed to substantial investor losses.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>8. Are there any regulatory changes being proposed in response to the market crash?</strong><br>Yes, regulatory proposals are being introduced that could play a crucial role in the recovery of the cryptocurrency market, aiming to provide more stability and protection for investors.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>9. What opportunities might arise from this market correction?</strong><br>Treccani believes that after a significant market collapse, new opportunities often emerge, allowing stronger companies to thrive and innovate within the industry.</p>
</div>]]> </content:encoded>
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<title>Ripple Stands Out as the Sole Crypto Firm Among America&amp;apos;s Top 10 Most&amp;Valued Startups</title>
<link>https://www.livecryptodailynews.com/ripple-stands-out-as-the-sole-crypto-firm-among-americas-top-10-most-valued-startups</link>
<guid>https://www.livecryptodailynews.com/ripple-stands-out-as-the-sole-crypto-firm-among-americas-top-10-most-valued-startups</guid>
<description><![CDATA[ Ripple has distinguished itself as the only cryptocurrency company in the top ten most valued startups in the United States, boasting a valuation of $15 billion as of November 2022. This places it alongside major firms like SpaceX and Stripe. Despite facing a lawsuit from the SEC regarding the classification of its token, XRP, Ripple continues to maintain investor confidence and has achieved recent valuation increases through strategic share buybacks. The ongoing legal challenges have influenced XRP&#039;s price, which has shown signs of recovery amid growing optimism about Ripple&#039;s potential legal victories. ]]></description>
<enclosure url="http://www.livecryptodailynews.com/uploads/images/202411/image_750x_6731f8dc00dea.jpg" length="98657" type="image/jpeg"/>
<pubDate>Mon, 11 Nov 2024 12:00:36 +0530</pubDate>
<dc:creator>Smith Katherine</dc:creator>
<media:keywords>Ripple, CryptoStartups, TopStartups, Blockchain, CryptoNews, Fintech, StartupRankings, CryptoIndustry, ValuedStartups</media:keywords>
<content:encoded><![CDATA[<p class="mb-2 last:mb-0" style="text-align: justify;">Ripple, a prominent blockchain company, has achieved recognition as the only cryptocurrency-related firm in the top ten most valued startups in the United States. As of November 2022, Ripple boasts a valuation of $15 billion, placing it in the tenth position among leading U.S. startups, according to data from Finbold.</p>
<h2 style="text-align: justify;"><strong>Valuation Context</strong></h2>
<p class="mb-2 last:mb-0" style="text-align: justify;">Ripple's valuation is significantly lower than that of other major players, including:</p>
<ul style="text-align: justify;">
<li>SpaceX: $127 billion</li>
<li>Stripe: $95 billion</li>
<li>Instacart: $39 billion</li>
<li>Databricks: $38 billion</li>
<li>Epic Games: $31.5 billion</li>
<li>Fanatics: $27 billion</li>
<li>Chime: $25 billion</li>
<li>Miro: $17.5 billion</li>
<li>Discord: $15 billion</li>
</ul>
<p class="mb-2 last:mb-0" style="text-align: justify;">The recent valuation increase for Ripple follows the company's decision to buy back shares from investors who participated in its $200 million Series C funding round in 2019.</p>
<h3 style="text-align: justify;"><strong>Ripple's Resilience Amid Legal Challenges</strong></h3>
<p class="mb-2 last:mb-0" style="text-align: justify;">Despite facing a lawsuit from the Securities and Exchange Commission (SEC) regarding the classification of its native token, XRP, Ripple's growth trajectory remains positive. The lawsuit questions whether XRP was sold as an unlicensed security. However, Ripple has managed to maintain investor confidence, achieving minor victories in the ongoing legal battle.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;">Ripple's defense strategy includes highlighting a perceived conflict of interest within the SEC, particularly regarding the classification of Ethereum as a non-security while XRP is treated differently.</p>
<h3 style="text-align: justify;"><strong>Impact on XRP Token</strong></h3>
<p class="mb-2 last:mb-0" style="text-align: justify;">The XRP token, utilized for cross-border payments by Ripple, has experienced price fluctuations in response to the legal proceedings. Initially dropping after the lawsuit announcement, XRP has recently gained traction as optimism grows around Ripple's potential to win the case. As of now, XRP is trading at $0.39, showing a daily increase of approximately 0.2%. The community is optimistic, with projections suggesting XRP could reach $0.42 by the end of the year, potentially paving the way for a rise to $0.50.</p>
<h3 style="text-align: justify;"><strong>FAQ: Ripple Among America's Most-Valued Startups</strong></h3>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>1. What is Ripple?</strong><br>Ripple is a blockchain company that focuses on facilitating cross-border payments through its digital currency, XRP, and its payment protocol.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>2. What is the significance of Ripple's valuation?</strong><br>Ripple is recognized as the only cryptocurrency-related firm in the top ten most valued startups in the United States, with a valuation of $15 billion as of November 2022.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>3. How does Ripple's valuation compare to other startups?</strong><br>Ripple's valuation of $15 billion places it in the tenth position among U.S. startups, significantly lower than leading companies like SpaceX ($127 billion) and Stripe ($95 billion).</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>4. Why did Ripple's valuation increase recently?</strong><br>Ripple's valuation increased following its decision to buy back shares from investors who participated in its $200 million Series C funding round in 2019.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>5. What legal challenges is Ripple facing?</strong><br>Ripple is currently involved in a lawsuit with the Securities and Exchange Commission (SEC) regarding the classification of its native token, XRP, and whether it was sold as an unlicensed security.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>6. How has the legal battle affected Ripple?</strong><br>Despite the ongoing lawsuit, Ripple has maintained investor confidence and has achieved minor victories in court, which have positively impacted its growth trajectory.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>7. What is Ripple's defense strategy in the lawsuit?</strong><br>Ripple's defense strategy includes highlighting a perceived conflict of interest within the SEC, particularly regarding the different treatment of XRP compared to Ethereum.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>8. How has the XRP token been affected by the lawsuit?</strong><br>The price of XRP has fluctuated in response to the legal proceedings. Initially, it dropped after the lawsuit announcement but has recently gained traction as optimism around Ripple's case increases.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>9. What is the current price of XRP?</strong><br>As of the latest update, XRP is trading at approximately $0.39, showing a daily increase of about 0.2%.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>10. What are the future projections for XRP?</strong><br>The community is optimistic about XRP's potential, with projections suggesting it could reach $0.42 by the end of the year and potentially rise to $0.50 thereafter.</p>]]> </content:encoded>
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<title>Crypto Startup FLUUS Raises $600K in Pre&amp;Seed Round to Enhance Payment Solutions</title>
<link>https://www.livecryptodailynews.com/crypto-startup-fluus-raises-600k-in-pre-seed-round-to-enhance-payment-solutions</link>
<guid>https://www.livecryptodailynews.com/crypto-startup-fluus-raises-600k-in-pre-seed-round-to-enhance-payment-solutions</guid>
<description><![CDATA[ Crypto startup FLUUS has successfully raised $600,000 in a pre-seed funding round to advance its payment solutions aimed at facilitating crypto-fiat transactions. The investment was backed by FHS Capital, Base64 Ventures, and several angel investors. With the funding, FLUUS plans to enhance its offerings, including an on- and off-ramp for fiat to cryptocurrency, and to provide users with access to Web3 services like token swapping and staking. The startup&#039;s payment gateway has already demonstrated its potential by facilitating over $1 million in off-ramped cryptocurrencies for humanitarian aid in Ukraine. The beta version of FLUUS’s payment solution is expected to launch soon, making it accessible to a wider audience. ]]></description>
<enclosure url="http://www.livecryptodailynews.com/uploads/images/202411/image_750x_6731f54459909.jpg" length="48053" type="image/jpeg"/>
<pubDate>Mon, 11 Nov 2024 11:48:24 +0530</pubDate>
<dc:creator>Smith Katherine</dc:creator>
<media:keywords>CryptoStartup, FLUUS, PreSeedFunding, PaymentSolutions, CryptoPayments, BlockchainInnovation, CryptoInvestment, StartupFunding</media:keywords>
<content:encoded><![CDATA[<p class="mb-2 last:mb-0" style="text-align: justify;">On February 28, cryptocurrency payment startup FLUUS announced the successful completion of a pre-seed funding round, raising $600,000 ahead of its beta launch. The investment was backed by FHS Capital, Base64 Ventures, and several angel investors, as reported by Finbold.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;">This funding will enable FLUUS to further develop its products, facilitating the broader adoption of crypto-fiat payment solutions.</p>
<h2 style="text-align: justify;"><strong>Upcoming Features for Consumers</strong></h2>
<p class="mb-2 last:mb-0" style="text-align: justify;">Once FLUUS finalizes its on- and off-ramp for fiat to cryptocurrency transactions, users will gain access to Web3 services, including token swapping and staking.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;">Co-founder and CEO of FLUUS expressed enthusiasm for the support received, stating:</p>
<blockquote>
<p class="mb-2 last:mb-0">“We are thrilled to have the backing of FHS Capital and Base64 Ventures. Their expertise will be crucial as we aim to scale our financial technology solutions to onboard the next billion users into Web3.”</p>
</blockquote>
<p class="mb-2 last:mb-0" style="text-align: justify;">Dr. Fady and Mr. Hesham Hannah-Shmouni, Managing Partners at FHS Capital, added:</p>
<blockquote>
<p class="mb-2 last:mb-0">“Investing in FLUUS aligns with our mission to empower exceptional founders and technologies in the Web3 space, providing benefits to customers and partners across key industry sectors through blockchain technology.”</p>
</blockquote>
<h3 style="text-align: justify;"><strong>Innovative Payment Gateway</strong></h3>
<p class="mb-2 last:mb-0" style="text-align: justify;">FLUUS has designed its payment solution to minimize the challenges of entering and exiting the cryptocurrency market. A private test of the FLUUS payment gateway successfully facilitated over $1 million in off-ramped cryptocurrencies, with the funds being utilized for humanitarian aid in Ukraine. The beta version of the payment solution is expected to reach a broader audience soon.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;">FLUUS has established significant partnerships that will allow its payment solution to be accessible to millions, including collaborations with the online dating platform Dua.com and the GD10 Ventures ecosystem. The FLUUS payment widget will enable third-party websites and applications to provide instant cryptocurrency-to-fiat conversion.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;">The consumer-facing payment solution merges Web3 capabilities with a user-friendly Web2 experience, simplifying the process of buying and selling digital assets.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;">Additionally, businesses using the payment solution will benefit from reduced fees and can participate in staking with the native FLUUS token. Institutional investors may earn returns through staking, while retail investors can contribute liquidity to FLUUS liquidity pools for yield.</p>
<h3 style="text-align: justify;"><strong>FAQ: FLUUS Raises $600K in Pre-Seed Round to Enhance Payment Solutions</strong></h3>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>1. What is FLUUS?</strong><br>FLUUS is a cryptocurrency payment startup focused on developing solutions that facilitate seamless crypto-fiat transactions. The company aims to simplify the process of entering and exiting the cryptocurrency market.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>2. How much funding did FLUUS raise in its pre-seed round?</strong><br>FLUUS successfully raised $600,000 in its pre-seed funding round.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>3. Who backed FLUUS in this funding round?</strong><br>The funding was backed by FHS Capital, Base64 Ventures, and several angel investors.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>4. What will the funding be used for?</strong><br>The funds will be utilized to further develop FLUUS's payment solutions and facilitate the broader adoption of crypto-fiat transactions.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>5. What features can consumers expect from FLUUS?</strong><br>Once launched, FLUUS will provide users with access to Web3 services, including token swapping and staking, along with an on- and off-ramp for fiat to cryptocurrency transactions.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>6. What is the significance of the private test conducted by FLUUS?</strong><br>In a private test of its payment gateway, FLUUS successfully facilitated over $1 million in off-ramped cryptocurrencies, which were used for humanitarian aid in Ukraine. This demonstrates the platform's capability and potential impact.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>7. When can we expect the beta version of FLUUS's payment solution?</strong><br>The beta version of the FLUUS payment solution is expected to be launched soon, allowing a broader audience to access its features.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>8. What partnerships has FLUUS established?</strong><br>FLUUS has formed significant partnerships, including collaborations with the online dating platform Dua.com and the GD10 Ventures ecosystem, enhancing its payment solution's accessibility.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>9. How does the FLUUS payment solution benefit businesses?</strong><br>Businesses using the FLUUS payment solution will benefit from reduced fees and the opportunity to participate in staking with the native FLUUS token.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>10. Can retail investors participate in FLUUS's offerings?</strong><br>Yes, retail investors can contribute liquidity to FLUUS liquidity pools for yield, while institutional investors may earn returns through staking.</p>]]> </content:encoded>
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<title>5 Cryptocurrencies to Avoid Amid SEC Crackdown on VC Funding</title>
<link>https://www.livecryptodailynews.com/5-cryptocurrencies-to-avoid-amid-sec-crackdown-on-vc-funding</link>
<guid>https://www.livecryptodailynews.com/5-cryptocurrencies-to-avoid-amid-sec-crackdown-on-vc-funding</guid>
<description><![CDATA[ In light of the SEC&#039;s intensified scrutiny of the cryptocurrency sector, particularly targeting venture capitalists (VCs), investors are advised to exercise caution with certain cryptocurrencies that have received substantial VC funding. A recent analysis identified five projects—Polygon (MATIC), Near Protocol (NEAR), Solana (SOL), Sui Network (SUI), and Avalanche (AVAX)—which rank among the top 30 by market capitalization. These cryptocurrencies face increased selling pressure due to significant token unlocks associated with VC investments. As VCs may be incentivized to liquidate their holdings amid regulatory uncertainty, potential risks for retail investors are heightened. ]]></description>
<enclosure url="http://www.livecryptodailynews.com/uploads/images/202411/image_750x_6731f302c01fe.jpg" length="105784" type="image/jpeg"/>
<pubDate>Mon, 11 Nov 2024 11:35:42 +0530</pubDate>
<dc:creator>Smith Katherine</dc:creator>
<media:keywords>Cryptocurrency, SECCrackdown, CryptoRegulation, VCFunding, CryptoNews, AvoidCryptos, CryptoInvestment, SEC, CryptoRisk</media:keywords>
<content:encoded><![CDATA[<p class="mb-2 last:mb-0" style="text-align: justify;">Cryptocurrencies have increasingly become a playground for institutional investors, particularly venture capitalists (VCs), who are often seen as having a predatory influence on the market. With the Securities and Exchange Commission (SEC) intensifying its scrutiny of the cryptocurrency sector, projects backed by significant VC funding could pose heightened risks for investors.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;">Recent reports from <em>DL News</em> have revealed that the SEC is focusing on three specific crypto venture capitalists, although the identities of these targets remain undisclosed. This uncertainty has raised alarms across the cryptocurrency market.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;">In light of these developments, Finbold analyzed data from <em>CryptoRank</em> to pinpoint cryptocurrencies that have received substantial VC funding and boast high market capitalization. Investors are advised to exercise caution with these projects in the short term until more clarity emerges.</p>
<h2 style="text-align: justify;"><strong>Understanding VC Influence in Crypto</strong></h2>
<p class="mb-2 last:mb-0" style="text-align: justify;">Venture capitalists typically invest in crypto startups during their early stages in exchange for vested tokens. These tokens are released in scheduled amounts, allowing VCs to sell them on the open market, often at the expense of retail investors.</p>
<h3 style="text-align: justify;"><strong>Cryptocurrencies with Significant VC Funding</strong></h3>
<p class="mb-2 last:mb-0" style="text-align: justify;">Eight cryptocurrencies have been identified as having raised considerable amounts in single funding rounds, reaching up to $1 billion. Among these, five notable projects currently rank within the top 30 by market capitalization:</p>
<ul style="text-align: justify;">
<li><strong>Polygon (MATIC)</strong></li>
<li><strong>Near Protocol (NEAR)</strong></li>
<li><strong>Solana (SOL)</strong></li>
<li><strong>Sui Network (SUI)</strong></li>
<li><strong>Avalanche (AVAX)</strong></li>
</ul>
<p class="mb-2 last:mb-0" style="text-align: justify;">These cryptocurrencies have experienced substantial unlocks of vested tokens over the years, which has created significant selling pressure on retail investors. With the SEC's crackdown, VCs may be further incentivized to liquidate their holdings.</p>
<h3 style="text-align: justify;"><strong>Unlock Patterns and Market Dynamics</strong></h3>
<p class="mb-2 last:mb-0" style="text-align: justify;">Solana and Sui are particularly notable for having the highest monthly unlocks for private investors. Meanwhile, Avalanche, Near, and Polygon have ongoing linear unlocks, which exert a lower impact on their market cap. Both SOL and SUI also feature daily linear unlocks through staking, contributing to higher supply inflation in the market.</p>
<h3 style="text-align: justify;"><strong>Potential for Demand to Offset Supply Pressures</strong></h3>
<p class="mb-2 last:mb-0" style="text-align: justify;">Despite the increased selling pressure, it's possible that strong demand could mitigate the impact on the prices of these cryptocurrencies. For instance, Solana has emerged as one of the best performers in recent cycles, and some experts believe Sui could follow suit.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;">In contrast, MultiversX (EGLD) has been highlighted as a potential standout, despite having significantly less private funding than its competitors.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;">Investors and traders should remain aware of the risks and market dynamics inherent in this VC-dominated landscape.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong><em>Disclaimer:</em></strong> <em>This content is not intended as investment advice. Investing carries risks, and capital is at risk.</em></p>
<h3 style="text-align: justify;"><strong>FAQ: Cryptocurrencies to Avoid Amid SEC Crackdown on VC Funding</strong></h3>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>1. Why is the SEC cracking down on cryptocurrencies?</strong><br>The SEC is intensifying its scrutiny of the cryptocurrency sector, particularly focusing on venture capitalists (VCs) who invest in crypto projects. This crackdown is aimed at ensuring compliance with securities laws and protecting investors from potential risks.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>2. What impact do venture capitalists have on the cryptocurrency market?</strong><br>Venture capitalists often invest in early-stage crypto startups in exchange for vested tokens. When these tokens are released, VCs may sell them on the open market, potentially causing price declines that negatively affect retail investors.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>3. Which cryptocurrencies are highlighted as risky due to high VC funding?</strong><br>The following five cryptocurrencies, which rank within the top 30 by market capitalization and have received substantial VC funding, are advised to be approached with caution:</p>
<ul style="text-align: justify;">
<li>Polygon (MATIC)</li>
<li>Near Protocol (NEAR)</li>
<li>Solana (SOL)</li>
<li>Sui Network (SUI)</li>
<li>Avalanche (AVAX)</li>
</ul>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>4. What are the risks associated with these cryptocurrencies?</strong><br>These cryptocurrencies have experienced significant unlocks of vested tokens, creating selling pressure on the market. With the SEC's crackdown, VCs may be more inclined to liquidate their holdings, further impacting prices.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>5. How do unlock patterns affect the market?</strong><br>Unlock patterns refer to the scheduled release of tokens held by VCs. Cryptocurrencies like Solana and Sui have high monthly unlocks for private investors, which can lead to increased supply and potential price declines. In contrast, Avalanche, Near, and Polygon have ongoing linear unlocks, which exert a lower impact on their market capitalization.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>6. Can strong demand offset the selling pressure from token unlocks?</strong><br>Yes, strong demand for these cryptocurrencies could help mitigate the impact of increased supply from token unlocks. For example, Solana has been a strong performer in recent market cycles, indicating that demand can play a significant role in price stability.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>7. What should investors consider before investing in these cryptocurrencies?</strong><br>Investors should consider the risks associated with VC funding, the potential for token unlocks to create selling pressure, and the overall market dynamics. It's essential to conduct thorough research and remain informed about the regulatory environment.</p>
<p class="mb-2 last:mb-0" style="text-align: justify;"><strong>8. Is this content intended as investment advice?</strong><br>No, this content is not intended as investment advice. Investing in cryptocurrencies carries risks, and individuals should carefully assess their investment strategies and consult with financial professionals if needed.</p>]]> </content:encoded>
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