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Crypto Flipsider News – Robinhood Lists Shib, Circle Raises $400M from Wall Street, Pantera Raises $1.3B for Blockchain Fund, Ripple Claims Big Win in SEC Case, Indian Exchanges Block Transfer Network

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Crypto Flipsider News – Robinhood Lists Shib, Circle Raises $400M from Wall Street, Pantera Raises $1.3B for Blockchain Fund, Ripple Claims Big Win in SEC Case, Indian Exchanges Block Transfer Network

You can read the Digest here:

  • Robinhood (NASDAQ) Lists, Land Sale in Metaverse
  • Circle Raised $400M From Wall Street. Pantera Raises $1.3B to Blockchain Fund. Genesis Raised $150M In The Latest Funding Round
  • The SEC Could Be Forced into Settlement as Claims ‘a Very Big Win’
  • Investors Alarm: Indian Exchanges Block Transfer Network

Shiba Inu gets Robinhood Listing and starts selling Land in the Metaverse

Robinhood, an American cryptocurrency trading platform has finally added Shiba Inu (SHIB), the meme coin to its crypto-list after months of waiting.

Shiba’s listing on Robinhood was part of a larger expansion of the trading app’s crypto offerings, which included , Polygon, and Compound. Shiba Inu’s long-anticipated listing caused the meme coin to gain 20% in the last 24 hours.

A 24 Hour Price Chart for Shiba Inu. (SHIB). Source: Tradingview

The listing is joined by Shiba’s launch of its Metaverse ‘land bid event,’ allowing the Shib Army to finally own a piece of land in the Shiba Inu metaverse. Early access to 35,000 land parcels was available for purchase. This gave priority to LEASH owners.

Over the next three-day period, only LEASH or Shiboshi owners can bid on and purchase lands in Shiba Inu’s Metaverse. After the early access’ land bid event,’ Shiba Inu will unlock 66,000 plots to the public for viewing, bidding, and purchasing in the metaverse.

Flipsider:

  • SHIB, the Shib Army’s market-cap ranking has dropped to 15th.

What You Need to Care About

The metaverse is an opportunity for Shiba Inu to shine in a new light, other than being a meme coin and Dogecoin’s biggest rival.

Circle Raised $400M From Wall Street. Pantera Raises $1.3B to Blockchain Fund. Genesis Raised $150M In The Latest Funding Round

Circle Internet Financial (USDC stablecoin issuer) is now the latest cryptocurrency firm to profit from increasing venture capital investment.

Circle revealed that the latest round of funding for its company was $400 million. It included investments from BlackRock, Fidelity Marshall Wace LLP and Fin Capital. In addition, Circle also partners with BlackRock, the world’s largest asset manager, to applications for the USDC.

Pantera Capital is a cryptocurrency venture capital company that has raised $1.3 billion to fund its Blockchain Fund. Pantera says the fund will invest in Web3 startups and early-stage tokens as well as digital tokens that have high liquidity.

Silver Lake, an investment company in tech, announced that it was leading the $150 million round of funding for Genesis, an NFT avatar business. Genesis plans to allow users to create digital avatars using NFTs as well as mint NFTs, which will help the metaverse concept become more mainstream.

Flipsider:

  • The crypto industry posted its highest week-end earnings in the week ended April 8. second-highest outflows for 2022 As investors pulled $134 Million from the sector.

What You Need to Care About

Wall Street might be preparing for greater adoption of web 3 or cryptocurrencies with the recent wave of VC investments.

The SEC Could Be Forced into Settlement as Ripple Claims ‘a Very Big Win’

Ripple has claimed ‘a very big win’ in its long protracted case against the Securities and Exchange Commission (SEC). Ripple Labs was sued by the SEC in 2020 for selling “unregistered securities.”

In the latest court order, the judge in charge of the case, Sarah Netburn, denied the SEC’s motion to reconsider shielding documents of a June 2018 speech. William Hinman (the former director of the SEC) stated that Ether (ETH), and Bitcoin (BTC) were not securities.

Ruling that the SEC documents are not protected by DPP means the defendants (Ripple Labs) can challenge the SEC’s allegations that they were involved in selling unregistered securities.

The court order includes a “bulletproof section” that is expected to prevent an appeal by the SEC. Expect the court to rule in favor of Ripple Labs and the SEC.

Flipsider:

  • The lawsuit updates provided little support to the XRP which had been in a downward trend since March.

What You Need to Care About

Experts are convinced that the verdict in the Ripple vs. SEC trial will have a significant impact on the future of XRP, and other crypto assets.

Indian Exchanges Block Transfer Network, Alarming Investors

CoinSwitch Kuber, WazirX and WazirX are leading Indian cryptocurrency exchanges. They have removed rupee deposits from crypto purchase made through a state-backed transfer system. This has caused concern among users on social media.

Following a statement by India’s National Payment Corporation last week, which stated that it had not been appraised of any crypto exchanges using its United Payments platform, the National Payment Corporation of India has now blocked crypto purchase. Interface (NASDAQ:) (UPI).

CoinSwitch users claimed that on Wednesday they couldn’t make UPI deposits. Similarly, rival exchange WazirX also told users on Twitter (NYSE:), “UPI is not available,” adding that it had no estimated time limit to fix the issue.

Flipsider:

  • A 30% tax was imposed on digital asset capital gains. to India’s trading volumes dropping by more than 50%.

What You Need to Care About

The decision to halt UPI acceptance resulted from “regulatory uncertainty,” which has been a long-standing issue in India.

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