Dear Inside Community, Meet Our Fund 3 goes live this week, Tuesday, May 24, and Wednesday, May 25. If you don’t already know, this is our most popular event series, where VCs pitch their funds directly to startup founders. Just look at this week’s guest list. Registration is free, and if you’re a founder who might be raising soon, we know you’ll want to make MOF3 a priority. See you there! —The Inside Team | |  Gia | |
| |
PayPal, the global payments giant, is looking to add blockchain and cryptocurrency integrations to its services. The company is also considering a launch of its own token, the PayPal Coin. More: - Richard Nash, vice president of PayPal, said in a statement that the company is finding ways to support digital services, including central bank digital currencies (CBDC).
- The company has already rolled out its buy, hold, and sell service for Bitcoin (BTC) across the U.S. and continues to explore ways to bring digital currency offerings:
- "Just walking slowly in the crypto shield with buys or holds in certain jurisdictions. Looking to work with others to embrace everything we can, whether it'd be the coins that we have today in PayPal digital wallets, private digital currencies, or CBDCs in the future," says Nash.
- Paypal is one of the largest companies to enter the crypto and blockchain space. It has already rolled out Bitcoin services in several countries and launched its own crypto check-out service in March this year.
Cointelegraph 
| |
TAG Heuer, a Swiss watchmaker, partnered with Bitpay to offer cryptocurrency payment options to its U.S customers. Customers can pay for luxury items with crypto, including Bitcoin, Bitcoin Cash, Ethereum, Dogecoin and five stablecoins, for up to $10,000 through the bitpay payment processor. More: - The luxury designer will accept cryptocurrency as a payment for its high-quality products, including watches and accessories.
- The payments will be processed by Bitbay, a crypto payments processor. At checkout, customers have the option to click on Bitpay and select their preferred crypto as payment.
- Stephen Pair, CEO of Bitpay, said: "We are excited to see global brands such as TAG Heuer investing in the crypto space and seeking the support of Bitpay to adapt their digital platforms to the rapid transformation of e-commerce."
Bitcoin
| |
 A message from VAULD Too late to buy bitcoin now? If only you could go back to 2010 and buy BTC for mere dollars… If you’re wondering about the best time to invest in crypto, we have a solution. Timing a buy order is critical. At Vauld, you can Buy the Dip even when you're asleep! Automatically buy tokens when the market dips by 2%, 5%, or 10% multiple times a day. While you’re waiting for the right time to cash in on a trade, the SMART move would be to enjoy the benefits of a passive income. At Vauld, BTC, ETH — earn 6.70% interest; you can earn 12.68% interest on USDT. Bonus: you can chat with our Customer support team member about anything. Your issue won’t be just a number at Vauld. Earn Interest in BTC now
| |
Mike Winkelmann, also known as Beeple, woke up to find that his Twitter account was a target of a phishing scam that drained over $70,000 from crypto wallets. A hacker took over his account and used it to share a link that would steal users' crypto if clicked on. More: - Beeple partnered with Louis Vuitton back in 2019, and hackers used this opportunity as leverage and shared a link to a "raffle" of Beeple's Louis Vuitton collaboration.
- People clicked on the link, which transferred them to another site that automatically took one Ethereum from their wallets.
- Beeple's account was later restored, and he tweeted, "we have control now." He also advised users to exercise extreme caution by saying, "anything that is too good to be true is a scam."
- Unfortunately, phishing scams are becoming more common in the crypto industry. In March, a scam hacked verified accounts to steal over $1M in a fake ApeCoin airdrop.
Decrypt
| |
LUNA and UST jumped 62% and 25% today as Do Kwon, Terraforms Labs CEO, unveiled a plan to revive the broken blockchain. The company will create a new chain called Terra and Luna, while the old chain will be called Terra Classic and Luna Classic. More: - Kwon wrote in the company's blog post that blockchain will be forked to create a new chain, but the new chain will not include the UST stablecoin.
- The plan also includes the creation of 1 billion new Luna coins to be distributed among developers alongside pre-and post-crash holders of Luna and UST.
- The new blockchain is set to launch on May 27. At that time, the old chain and cryptocurrency will be known as Terra Classic and Luna Classic.
- The new chain will be called Terra and Luna; however, this does not mean that investors will recoup losses incurred during the crash.
Zoom out: - Tether has also paid out $10B in withdrawals since the start of the crypto crash early in May as depositors seek to move their funds into heavily regulated stablecoins.
- Over $1B in Tether coins were redeemed, with cryptocurrency destroyed as part of the withdrawal process. Tether had claimed that its reserves were pegged 1:1 with the U.S. dollar; however, after investigation, authorities found that this was not the case, and the currency was backed by "Tether's reserves."
Motley Fool
| |
 A message from ADOBE EXPERIENCE CLOUD How top brands are transforming customer experiences with content. A digital-first landscape has changed a lot about how we do business, but the customer experience should still be at the heart of every approach and strategy. Experiences are the reason we bond with a brand, and they’re what keep us coming back time and time again. Achieving a strong return on experience (ROE) means winning more customers and gaining their loyalty. And it hinges on serving up deeply personalized experiences at every single touchpoint with less manual effort than ever before. Discover our compilation of customer stories to see how top brands are transforming their customer experiences to become more impactful and more valuable in a rapidly changing landscape. Read More
| |
European Central Bank President Christine Lagarde says that crypto should be regulated to protect investors. Although Lagarde condemned Bitcoin and other cryptocurrencies, she does support the development of a digital euro, the bloc's central bank digital currency. More: - Lagarde has called cryptocurrencies a "worthless asset" that should be regulated before investors lose their life savings.
- She explains: "My extremely modest opinion is that cryptocurrency is worthless. It is founded on nothing, and there are no underlying assets to serve as a safety anchor."
- The crypto ecosystem is experiencing pressure from global regulators that have also cited a risk to the current financial system.
- Lagarde opposes the current cryptocurrencies on the market but does support a digital euro and said:
- "The day when we have the central bank digital currency — any digital euro — I'll guarantee it," Lagarde said. "So the central bank will be behind it. I think that's vastly different from any of those things."
Bitcoinist
| |
Jun Du, co-founder of Huobi Global, says Terra's crash is not a risk to the entire crypto ecosystem. The LUNA and UST crash will slow down investor interest in the short term as the crypto market slowly recovers from the selloff period. More: - Du insists that the fall of Terra (LUNA) and TerraUSD (UST) will not affect the entire crypto ecosystem; however, it will slow down investor interest in crypto as an asset class in the short term.
- In the long term, we can potentially expect interest in Bitcoin's potential to hedge against fiat currency to grow, along with interest in blockchain-related applications.
- Du adds, "Every industry will see its fair share of toppled players," citing the housing crash and Lehman Brothers collapse.
- He explains, "Crypto as a technology and asset class introduces value and innovation that are unique and irreplaceable, and we believe that one bad apple in the short run will not affect the long-term demand for crypto assets and the industry as a whole."
- Bitcoin will eventually recover and restore confidence in investors, and the broader crypto industry will continue to grow in the years to come, he said.
Cointelegraph
| |
QUICK HITS - Trying to deliver on big expectations with a small team or budget? Use this worksheet to decline meetings-that-should-have-been-emails.*
- Regulators are paying close attention to the fall of UST.
- A Binance founder jokingly tweeted that he is "poor again" amid the crypto crash.
- Bill Gates does not own any cryptocurrency and believes that it is not a viable investment.
- Aurora Innovation and FedEx have expanded their self-driving freight pilot. A semi-truck equipped with Aurora's self-driving system will now make a 600-mile weekly trip between Fort Worth and El Paso.
- If your site is struggling, it may be time for a more powerful commerce platform. Read our eBook and find out if your business is ready.*
*This is sponsored content.
| |
Upcoming events at Inside: - May 24 - Meet Our Fund 3 (Register Here)
- May 31 - Ethereum Merge with Anthony Donofrio (Ethereum) (Register Here)
- June 01 - Selling Consumer Goods in Web3 (Register Here)
- June 06, June 07, June 08 - June 09 - In-Person RSA Conference 2022: Control IT, security, and SaaS complexity with Axonius (Register Here) *
- June 09 - Empowering Content Creators with No Code (Register Here)
- June 15 - Need To Know NoCoder - Artem Harutyunyan (bardeen.ai) (Register Here)
- June 16 - Future of the Art Market (Register Here)
- June 30 - HR Strategies to Retain Remote Employees (Register Here)
*This is a sponsored listing.
| |
 |  | Gia Mattu is based in Calgary, Alberta. She is an entrepreneur with experience in climate technology, drones, AI, machine learning, and blockchain technology. When she's not working, she loves to hike the Canadian Rockies, try new cuisine, and travel. | | | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
Earn, borrow, and trade with Vauld. | |
| |
