Hey Insiders, The DeFi revolution is here and we’ve gathered leading industry experts to walk us through the future of finance. Our speakers include: - Camilla Russo (Founder of The Defiant)
- Ramon Recuero (Founder of Babylon Finance)
- Jehan Chu (Co-Founder of Kenetic)
- Santiago Roel Santos (General Partner at Parafi)
Join us for this free live event tomorrow at 11am PT. If you want to learn about the future of the financial industry from the people shaping it, save your seat here. |
| |
The global crypto market cap is $1.71T 6.65%▲ with a 24-hour market volume of $165.16B 11.14%▼. Bitcoin's dominance is currently 42.32% 1.52%▼. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $38,792.30 | 2.60% ▼ | | 2 | Ethereum ETH | $2,794.26 | 8.73% ▲ | | 3 | Binance Coin BNB | $372.39 | 12.18% ▲ | | 4 | Cardano ADA | $1.74 | 14.67%▲ | | 5 | Dogecoin DOGE | $0.3445 | 1.87% ▲ | *Prices as of 5:00 p.m. ET.
| |
 Representative Darren Soto (D-FL) reintroduced the Blockchain Technology Coordination Act (BTCA). Now submitted to the Committee of Energy and Commerce, the bill establishes a blockchain department within the Department of Congress. More: - An earlier draft of the BTCA reached the House last year, but changeovers in Congress and other difficulties in early 2021 stalled the bill.
- Soto’s team is expected to continue reintroducing crypto-related bills, including the U.S. Virtual Currency Market and Regulatory competitiveness Act and the Virtual Currency Consumer Protection Act.
- Soto plans to introduce the Digital Taxonomy Act and the Blockchain Innovation Act later this week.
| |
BTC exchange Luno was required by British regulators to remove ads recommending bitcoin. The ads contained slogans like “If you’re seeing bitcoin on the underground, it’s time to buy.” Regulators said that the ads failed to highlight the risks associated with bitcoin. More: - The Advertising Standards Authority (ASA) stated that the ads could not reappear without making it "sufficiently clear that the value of investments in bitcoin… go down as well as up."
- The ASA’s decision seems ironic in light of the British Pound sinking 5% in early 2020.
- The action against Luno comes amid increasing concerns by regulators about the risks cryptocurrencies pose to investors.
| |
 A message from AFFIRM 5 ways to grow your customer base Did you know that 36% of shoppers have tried a new brand in the past year, and 73% intend to continue this behavior? This means that right now is a great time for small businesses to start thinking BIG. Affirm’s latest ebook is overflowing with ideas to help companies like yours grow in 2021 and beyond. You can download it for free now. Download the e-book
| |
▲ TOP GAINERS | # | Name | Price | 24h % | | 1 | Enjin Coin ENJ | $1.92 | 65.29% ▲ | | 2 | Polygon MATIC | $2.29 | 35.11% ▲ | | 3 | Nexo NEXO | $2.42 | 30.99% ▲ | | 4 | Telcoin TEL | $0.03802 | 30.49% ▲ | | 5 | Decentraland MANA | $0.9668 | 29.77%▲ | ▼ TOP LOSERS | # | Name | Price | 24h % | | 1 | UNUS SED LEO LEO | $2.18 | 4.83%▼ | | 2 | Celo CELO | $3.73 | 0.84%▲ | | 3 | Mdex MDX | $1.93 | 9.74%▲ | | 4 | Celsius CEL | $6.79 | 0.32%▲ | | 5 | SwissBorg CHSB | $0.9242 | 1.03%▲ | *Limited to cryptocurrencies in the Top 100. Prices as of 5:00 p.m. ET.
| |
 Ledn, Crypto Lending: $30M. The Series A funding round for the Canadian company was led by Kingsway Capital, with participation from Alan Howard, Alexis Ohanian, Susquehanna Private Equity Investments, ParaFi Capital, and others. More: - As part of the deal, Kingsway Capital founder, Manuel Stotz, will become a member of Ledn’s board of directors.
- Ledn plans to use the fresh funding to expand its team and its demographic reach to Africa, Europe, and Asia.
- In Q1 of this year, Ledn facilitated over $120M in bitcoin-backed loans.
OneOf, NFT/Music: $63M. The NFT platform startup was founded in partnership with Quincy Jones and the Quincy Jones Productions firm. More: - OneOf is preparing to launch on the Tezos platform in light of its scalability and low environmental impact.
- The music library is expected to contain music from John Legend, Whitney Houston, Doja Cat, Jacob Collier, G-Eazy, and others. Artists will also be able to market collectibles, experiences, and other music-related sales.
- OneOf plans to use the fresh funding for artist rights, team expansion, and furthering the platform’s technology.
| |
QUICK HITS - Here are 10 tips for creating a consent management platform (CMP) that meets compliance requirements, helps maximize opt-ins, and builds trust with customers. *
- PayPal VP and general manager for blockchain told CoinDesk’s Consensus 2021 conference that the company is working to allow users to withdraw crypto.
- Robinhood COO Christine Brown stated that the trading app is continuing to move forward with transfer capabilities for Robinhood Crypto.
- Apple is currently looking to hire a business development manager with at least five years of cryptocurrency experience, suggesting the company remains bullish on the long-term potential for crypto.
- Mark Cuban has listed an undisclosed amount of Polygon (MATIC) as an investment.
- The total supply of stablecoins exceeded $100B, with Tether taking 62% of the market share followed by USDC with 21%.
- On-site teams are a thing of the past. Learn how the shift toward remote work may be the key to your business growth. *
* Sponsored Content
| |
Upcoming events hosted by Inside.com - May 27, 2021 – Inside Cryptocurrency: The Future of Finance is DeFi
- June 2, 2021 – Inside Transportation: Last Mile Delivery
- June 8 & 9, 2021 – Inside Venture Capital: Meet Our Fund
To register for our events visit: events.inside.com
| |
 |  | Griffin McShane is a J.D. candidate currently living in Portland, Maine. He is a graduate of Providence College, where he studied both computer science and business. Griffin aspires one day to go to the moon and bring some of his altcoins along for the ride. |   | | Editor | Eduardo Garcia is a writer and editor based in New York. He is writing an illustrated book about climate change that will be published by Ten Speed Press, an imprint of Penguin Random House. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
| |
