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TLDR Crypto 2022-03-11

Stripe Crypto ๐Ÿ’ณ, web3 search engine ๐Ÿ”, surviving NFT winter ๐Ÿ–ผ๏ธ ย 

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Innovation & Launches

Multi-chain instant swap platform Symbiosis announces beta mainnet launch (2 minute read)

Symbiosis Finance has launched a beta mainnet that enables instant cross-chain token swaps without the need for special software. The decentralized multi-chain liquidity protocol allows users to swap assets between different blockchains while retaining ownership of their funds. Symbiosis has undergone three severe security audits so far. It currently supports four networks and decentralized exchanges and plans to add more.

Crypto Sleuthing Firm Chainalysis Launches 'Sanctions Screening Tools' for DeFi, DAOs (3 minute read)

Chainalysis has two new tools that make it easier to screen cryptocurrency wallets for sanctions compliance. The first, an on-chain oracle, is available today. The oracle is a smart contract that validates whether a wallet address has been included in a sanctions designation. It will be regularly updated by Chainalysis. The second tool will be an API designed for public web and mobile user interfaces. It will use the same data as the oracle and launch next month. The tools will be provided for free to cryptocurrency market participants.

Payments Giant Stripe Launches Support for Crypto, NFTs (2 minute read)

Businesses can now use Stripe as a payment method for crypto and NFT transactions. Stripe is also offering know-your-customer, fraud prevention, and payout services for web3 companies. Stripe's crypto services are currently only available to businesses in the US, UK, and EU. Its NFT services are supported in the same regions as well as Japan. Stripe will launch an NFT collection as part of the announcement, with the proceeds going to a healthcare nonprofit.

A $165 Million โ€˜Bitcoin Odysseyโ€™: Okcoin, Stacks Aim to Accelerate BTC Adoption (2 minute read)

Okcoin and Stacks have teamed up to launch a $165 million grant program called Bitcoin Odyssey. The program aims to bring all the elements of web3 to Bitcoin. Stacks is a protocol for developers to deploy smart contracts and NFTs on the Bitcoin blockchain. It was founded in 2016 and has a current market cap of $1.84 billion. Projects that become part of Bitcoin Odyssey will receive hands-on assistance from organizations already in the blockchain industry in addition to funding.

Web3 search will evolve to be different from web2 search (Twitter Thread)

Neeva is a web3 search engine designed to help people find anything they need on web3 quickly. It can be used to find information on projects, communities, integration, social graphs, and more. The search engine can help users figure out whether a project is real and safe. A link to Neeva is available in the thread.

Bessemer Commits $250M to Web 3, Launches DAO (1 minute read)

Bessemer Venture Partners has committed $250 million in capital to invest in consumer decentralized finance, infrastructure, and other enabling technologies. Bessemer is a leading investor in the consumer, enterprise, and health care industries and has a long list of tech investments including Shopify, LinkedIn, and Pinterest. The firm launched BessemerDAO to connect members of the crypto community. BessemerDAO will not be decentralized at launch, but the firm plans for it to become decentralized over time.
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Guides & Resources

We are currently in the "Death" phase of the NFT Macro Life Cycle (10 minute read)

NFTs are now experiencing a bear market. This can be seen as NFT mints are becoming unprofitable and prices are dropping. Surviving a bear market requires a big shift in mindset from the bull market. This Twitter thread discusses five mindsets that are vital for getting through a bear market successfully.

Why Decentralized Exchanges Are Important in the Crypto Economy (3 minute read)

Decentralized exchanges (DEXs) were created as a solution to the problems that exist in centralized finance. This article explores why decentralized exchanges are important to the crypto economy. DEXs provide the same services as centralized exchanges but in an anonymous and trustless manner. They can exist outside of regulated industry and increase access to financial services for everyone.
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Miscellaneous

Binance Plans Acquisition Spree of Non-Crypto Businesses (2 minute read)

Binance is planning an acquisition spree that will target companies operating in traditional markets. It will identify and invest in one or two targets in every economic sector and try to bring them into crypto. The acquisitions are aimed at making the crypto industry bigger. The UK's Financial Conduct Authority has stated its concerns over Binance's apparent lack of a headquarters. It has hinted at its powers to suspend or cancel the registration of crypto asset businesses if it is not satisfied that the business is fit and proper.

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515 W 18th St. Unit 621
New York, NY, 10011