ChainCatcher news, Tether, Kraken, and Fabric Ventures support the Dutch fintech company Quantoz Payments in launching two stablecoins, EURQ and USDQ, which comply with the European Union's Markets in Crypto-Assets (MiCA) regulations. The stablecoins will be issued on November 18 and are authorized by the Dutch Central Bank (DNB) as electronic money tokens (EMT). These stablecoins are fully backed by fiat reserves and aim to provide a secure and regulated option for digital payments across the European Economic Area (EEA).Kraken and Bitfinex will list EURQ and USDQ on November 21, serving eligible customers across Europe.

ChainCatcher news, according to CCTV News, the prosecution has found that in recent years, as the efforts to punish pyramid scheme crimes in accordance with the law have intensified, some criminals have shifted their pyramid schemes from offline to online to evade regulation and crackdown. From January to September 2024, national procuratorial organs prosecuted 4,627 people for organizing and leading pyramid scheme activities. Lawbreakers have exploited the virtuality and convenience of the internet to concoct various "get-rich-quick scams" that are difficult to distinguish between true and false, luring the public to participate.Some have engaged in online pyramid schemes by leveraging new concepts and social hotspots such as virtual currency, blockchain, financial innovation, and charitable mutual assistance. For example, in the case involving Sheng and others, they fabricated a "Google Coin" blockchain project purportedly from Google, publicly promoting and hyping it through online media, and soliciting purchases of "Google Coin" using ETH (Ethereum) as the settlement currency, ultimately developing over 60,000 members and illegally profiting more than 20 million yuan.The procuratorial organs remind the public to stay vigilant, not to believe in "get-rich-quick" schemes, not to be greedy for "small profits," and to consciously resist the temptation of seemingly easily obtainable "high returns," in order to avoid falling into the "trap" of online pyramid schemes.

ChainCatcher news, according to The Block, Polygon Labs and Fabric Cryptography have launched custom ZK chips to accelerate the development of AggLayer.It is reported that Polygon Labs is currently collaborating with the crypto hardware manufacturer Fabric Cryptography to introduce its Verifiable Processing Unit (VPU) into the AggLayer ecosystem. AggLayer is an interoperability layer currently being developed by Polygon Labs and other core contributors, aimed at facilitating unified liquidity and security across the entire chain network.

ChainCatcher news, the encryption hardware startup Fabric Cryptography has completed a $33 million Series A funding round, led by Blockchain Capital and 1kx. Offchain Labs, Polygon, and Matter Labs also participated. The project previously raised $6 million in a seed round led by Metaplanet.The company stated that the new funds will be used to "build computing chips, software, and cryptographic algorithms." At the core of Fabric's roadmap is the development of a new processing unit called the "Verifiable Processing Unit (VPU)," which will be specifically designed for handling cryptographic technologies.

ChainCatcher news, the Web3 identity layer idOS has completed a $4.5 million financing round, led by Fabric Ventures. idOS has currently formed an alliance with Arbitrum, Circle Ventures, RippleX, GnosisDAO, NEAR Protocol, and others. This alliance aims to develop the Web3 identity layer and promote the adoption of decentralized identity across the Web3 space.According to reports, idOS is a decentralized data storage and access management protocol. It enables the ecosystem to provide an identity layer for dApps to address compliance-related user onboarding issues and significantly reduce friction. For users, idOS offers control over their data and the ability to decide with whom to share their data.

ChainCatcher news, according to The Block, the decentralized trading platform Crypto Valley Exchange (CVEX) has completed a total financing of $7 million through pre-seed and seed rounds, led by Fabric Ventures and Kyber Capital Crypto Fund, with participation from AMDAX, Wave Digital, Funfair Ventures, Seier Capital family office, Five T Group, and Saxon. This funding will be used to launch its DEX mainnet this summer.It is reported that CVEX aims to provide transparent and low-cost futures and options trading for cryptocurrency holders.

ChainCatcher message, Ethereum Layer 2 ecosystem DEX project ZigZag founder Kedar borrowed the official account to post on social media, stating that most of the revenue from the decentralized betting platform ZKasino is fabricated, and users should participate in their ICO activities with caution.Kedar stated that the incompetence and fraudulent behavior of some team members have made it difficult to run the company, which is a significant reason for ZigZag's minimal progress since its early launch. However, he will do his best to revive the project and continue operating it without these individuals, although specific operational outcomes cannot be guaranteed. The founder of Zkasino (Derivatives Monke) is a team member of ZigZag and is responsible for the funds lost by investors. Currently, Kedar has no evidence to suggest that any theft is involved in the losses. It is simply due to Monke's incompetence, but indeed a lot of money has been lost.Kedar emphasized that Zkasino founder Derivatives Monke has a history of fabricating Telegram and social media chat records and may again refute him through misinformation. He welcomes investors and other project founders to call him directly for information verification.

ChainCatcher news, Ethereum fund flow protocol Superfluid announced the completion of a $5.1 million strategic financing round, led by Fabric Ventures, with participation from Multicoin Capital, IOSG Ventures, Circle Ventures, Safe Foundation, The LAO, Taavet+Sten, and others. This round of financing concluded at the end of last year and has a structure similar to the company's seed round financing, which includes equity with token warrants.It is reported that Superfluid raised $9 million in seed funding in 2021. The strategic financing is nearly three years late and is smaller in scale than the seed financing. Superfluid co-founder and CEO Francesco George Renzi stated that Superfluid has raised the necessary funds, brought in the right investors, and is moving the project to the next stage.In addition, the Superfluid protocol was launched in 2021, allowing crypto projects such as decentralized autonomous organizations to pay recurring salaries and rewards in single-chain transactions using its "super tokens." Super tokens can create cash flows between parties. Today, Superfluid launched the "distribution pool," which can create a fund pool that can be allocated to multiple recipients.

ChainCatcher news, Belarus is starting to develop a blockchain platform for its central bank digital currency (CBDC). The country is under international sanctions, but Belarus hopes to use its digital ruble (Belarusian ruble) for cross-border transactions. The state-owned bank's technology center began building the CBDC platform in January and is now actively recruiting developers. The platform will be built on the open-source Hyperledger Fabric blockchain.

ChainCatcher news, New York Attorney General Letitia James announced on Thursday that her office has sued Gemini Trust, Genesis Global, and Digital Money Group for defrauding approximately 230,000 investors out of more than $1 billion.The civil lawsuit also accuses former Genesis CEO Soichiro Moro and DCG founder and CEO Barry Silbert of attempting to conceal the true financial condition of their lending division, Genesis, from the Gemini trading platform, its customers, and the public.

ChainCatcher news, the NFT sports game analysis platform Podium (formerly known as SorareData) has completed a €2 million funding round, led by Fabric Ventures, with participation from Sfermion and Seedcamp. Podium stated that its data analysis product SorareData has over 12,000 paid subscribers, and this funding round will also support the launch of ReignMetrics, a customized data analysis tool for DraftKings Reignmakers.

ChainCatcher news, the Web3 open-source software developer platform ONLY Dust has completed a $3 million financing round, led by Fabric Ventures, with participation from Frst, Ergodic (LambdaClass), and Stake Capital.It is reported that ONLY Dust supports permissionless innovation on an open platform, helping to build a "trustless" peer-to-peer network and a token-driven incentive and governance system. ONLY Dust provides support in areas such as ZK Rollups, privacy, and decentralized finance for 500 developers from 17 countries. Starkware, Starknet Foundation, OP Foundation, Nethermind, Aptos, Zama, and the Ethereum Foundation all use ONLY Dust to coordinate cash and token rewards for contributors.

ChainCatcher news, according to Fortune magazine, the crypto chip company Fabric Cryptography announced the completion of a $6 million Pre-Seed funding round, led by Metaplanet, with participation from Nil Foundation, Inflection, Novawulf, and Era. The company's co-founder and CEO Michael Gao declined to provide valuation information for this funding round, only revealing that the chips they are designing have already received an order worth $50 million and signed a letter of intent for a deal worth approximately $100 million with a potential buyer.It is reported that Fabric Cryptography is a startup focused on developing hardware for advanced cryptographic algorithms, particularly dedicated computer chips for zero-knowledge proof technology. Last week, Fabric Cryptography also reached a collaboration with ZK technology developer Nil Foundation to launch a decentralized marketplace for cryptographic and outsourced proof generation.

ChainCatcher news, ZK developer Nil Foundation has announced a partnership with semiconductor startup Fabric to accelerate the deployment of zero-knowledge proofs.Previous news, ZK developer Nil Foundation launched the zkLLVM new technology, aimed at simplifying the workload of ZK developers. In addition, Fabric Cryptography is developing a general-purpose processor for "next-generation cryptography," including ZK proofs, called the Verifiable Processing Unit (VPU), which will achieve "significant performance advantages" when the zkLLVM software runs on Fabric's hardware, to accelerate the implementation of ZK proofs.

ChainCatcher news, Web3 player co-creation game startup Strider has completed a $5.5 million funding round, led by Makers Fund and Fabric Ventures, with participation from Shima Capital, Sfermion, Magic Eden, and several other funds. To date, the company's total funding has reached $8.5 million.Strider co-founder Andrew N. Green was a well-known partner at the venture capital firm a16z. They initially aimed to build a DAO governed by token holders for a story-driven gaming community, but later shifted back to the core of gaming. It is reported that they have established some early crypto infrastructure to support content ownership and cryptocurrency rewards. (source link)

ChainCatcher news, Web3 loyalty platform Cub3 has completed a $6.5 million Series A funding round, led by Bitkraft and Fabric Ventures, with participation from CMT Digital, Red Beard Ventures, and Geometry Labs. The Cub3 platform helps brands create loyalty programs and incentivizes users to complete tasks in the form of tokens. (Source link)

ChainCatcher news, Israeli web3 marketing company Addressable has announced the completion of a $7.5 million seed round financing, led by Fabric Ventures and Viola Ventures, with participation from North Island Ventures and Mensch Capital Partners. The new funds will be used to simplify marketing to anonymous crypto users and expand Addressable's solutions to include support for other blockchain and social media integrations.It is reported that Addressable collects data from a range of blockchains, including Ethereum and Polygon, and then uses big data technologies such as Apache Spark to index blockchain and social data, which is then used to build audiences and deploy machine learning models to associate profiles. Currently, Addressable is utilizing Twitter data and Twitter Ads Manager to provide its services. (source link)