Paxos released a September 2024 transparency report on PayPal USD. The report highlights asset backing and recent declines in circulating supply. Continue Reading: Paxos Publishes Transparency Report on PayPal USD Stablecoin The post Paxos Publishes Transparency Report on PayPal USD Stablecoin appeared first on COINTURK NEWS .
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Gate Ventures and Boon Ventures Establish $20mn Web3 Fund
Venture capital firms Gate Ventures and Boon Ventures have partnered with Movement Labs to establish a new $20 million fund focused on supporting Web3 startups. As announced on October 13, the fund is aimed at developing Move-based protocols, with a particular emphasis on projects that bridge the Move network with Ethereum-compatible (EVM) applications. “The fund will invest across a range of Web3 verticals within the Move ecosystem,” a spokesperson for Gate Ventures, the investment arm of crypto exchange Gate.io, told Cointelegraph. The investments will be directed toward decentralized finance (DeFi) projects focusing on security, GameFi involving in-game asset transactions, NFT CoinTurk News