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Kattana Completes $1.3M Private Funding Round, Announces IDO on Polkastarter

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Kattana announced an upcoming Initial DEX Offering (IDO) that will be hosted on April 9 on Polkastarter, the leading cross-chain protocol and first choice for many IDOs. An IDO is a new fundraising model that relies on decentralized liquidity exchanges which offer immediate liquidity at every price level. These exchanges rely on liquidity pools whereby traders can swap tokens. For instance, in this Kattana IDO, traders can swap ETH for $KTN. IDOs have become very popular because a project’s token gets access to immediate liquidity at every price level, which is very important.

Additionally, an IDO allows anyone to participate and have a chance to hold and trade with the token immediately. Kattana has chosen to have this on Polkastarter because of its technical abilities, strong community, and highly qualified team. Polkastarter is able to host token generation events that are quick and cheap to execute while being highly secure and organized. It is Kattana’s mission to make this the fairest and most transparent token generation event to date.

Kattana Completes $1.3M Private Funding Round, Announces IDO on Polkastarter

A Successful Funding Round

Kattana has recently completed its funding round, which managed to raise $1.3 million. This funding round has brought in money and powerful partners who have given Kattana a solid foundation on which to launch the platform. This fundraising round has been made successful by players such as Morningstar Ventures, Spark Digital Capital, ZBS Capital, Black Edge Capital, Moonrock Capital, DFG, and Ascensive Assets.

Funding exercises are a true testament to influence a project has in the market and its future potential to grow and attract users. This period can steer the project and offer information on whether their solution is as good as they imagine.

With this huge success of Kattana, it is evident that the crypto space is ready for the solution on offer and that many people are willing to support the project. As a project that has been operating privately in centralized finance, Kattana has gotten a nod from decentralized finance that its solution is needed and welcome.

About Kattana

Kattana is a multifunctional terminal that has been created to serve traders in both CeFi and DeFi trading platforms. It provides trading strategies on decentralized exchanges by aggregating all trading tools for native and novice traders on one platform. The tools provided by Kattana are meant to help traders with the advantage needed to crush all the existing cryptocurrency markets. The platform also offers portfolio management, trading strategy automation, and many other features that are not available anywhere else.

This platform is different because it has brought trading tools available in centralized exchanges into decentralized exchanges. DEX traders can access tools and strategies that were previously only available for their CEX counterparts. These unmatched instruments and charting from Kattana will allow the crypto traders to stay ahead of their competition. In an ever-changing DeFi environment, Kattana is proud to present a trading functionality that will meet these changes and allow traders to benefit from the changes instead of suffering losses.

The aggregation function in Kattana means that news from many different sources is available and accessible, ensuring users have the most relevant information about the market to help them make trading decisions. Additionally, the portfolio management feature will allow users to keep track of all their assets on different trading platforms. Therefore, trading decisions are easily made and executed based on information from the Kattana platform and the portfolio management feature. Traders can rely on a single platform instead of switching from one trading platform to another and keeping track of market news from other sites.

Kattana has been specially developed with the needs of traders in mind. As a result, the preferences of traders in both CEXs and DEXs are a priority. Kattana supports trading on both these platforms. For instance, CEXs like Binance, Kraken, and HitBTC and DEXs like Uniswap and 1inch are both supported. Traders on such platforms can rely on Kattana to provide the required tools so that they thrive and be on the top of their game.

Kattana has also tried to solve crypto trading issues such as complexity in user interface and user experience. Many new traders in crypto platforms take a long time to understand the interface and then make trade decisions. However, Kattana has taken time to create the best and most professional trading interface that is accommodating to all traders due to its simplicity of use and ease of access. Traders can easily understand the charts, tools, and other features on the platform from the start.

Kattana is also offering trading analysis of ERC-20 addresses whereby traders get the opportunity to correct their errors in the trading process and keep on with their trading strategies. A trader’s profits and losses are calculated on the platform, and a profitability chart is generated. The chart structures have all transactions as trades, and the traders can review the chart to understand their trading process. Through this, it is easy to understand where mistakes were made and the winning strategies.

Looking Forward

The upcoming IDO is an exciting opportunity for Kattana to launch to its users and allow them to own $KTN. This new journey is a way to open its doors to the public and allow them to trade with the token. People are advised not to buy $KTN tokens on their own or third-party markets but to follow Kattana’s Twitter and Telegram Announcement Channel instructions.

Further information about the Apr. 9, IDO will be shared in all social media channels. Kattana is a revolutionary platform for traders and will allow them to have a better trading experience in DEXs.

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Source: https://www.cryptonewsz.com/kattana-completes-1-3m-private-funding-round-and-announces-ido-on-polkastarter/

Blockchain

Coinbase CEO Brian Armstrong Urges for Fair Crypto Regulations

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Ahead of the long-anticipated public listing for his company, Coinbase’s CEO Brian Armstrong asserted that US regulators are wrong in believing cryptocurrencies are primarily used for illicit transactions. He added that the industry wants to be treated on the same playing field as traditional finance when it comes down to legislative frameworks.

Armstrong on Crypto Misconceptions

The belief that digital assets are mainly used for illegal transactions has been going on for years, perhaps since bitcoin’s usage in some dark web marketplaces starting almost a decade ago. Regulators have used it as a good bashing point, and US-based watchdogs have been at the forefront of those attacks.

US Treasury Secretary, Janet Yellen, has repeatedly outlined the alleged massive usage of bitcoin and other cryptocurrencies for terrorist financing, Ponzi schemes, buying illegal goods, and everything in between. Naturally, the Treasury’s FinCEN department proposed quite restrictive legislation, which, however, has been indefinitely postponed.

Brian Armstrong, the CEO of the largest US-based crypto exchange preparing for its direct listing today, touched upon these concerns during a CNBC interview. However, he asserted that cash and even the highly-regulated banking sector are more frequently utilized in illegal transactions than crypto.

He referred to a report published today by the recently launched Crypto Council for Innovation indicating that “less than 1%” of all digital asset transactions have illicit roots. Simultaneously, PwC estimations showed that the percentage is more than 4x higher with the traditional economy, and more specifically cash.


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“The data we have just indicates that crypto is really not uniquely crime written. In fact, the data suggests it’s better than cash in that regard.”

Treat us Equally

Armstrong further outlined the significance of adequate regulation for his company, especially now that it will become public, but also for the entire industry. He suggested that the US should treat the crypto space as other financial sectors.

“We want to be treated on the level playing field with traditional financial services at the very least and not have any kind of punishment for being in the crypto space.”

He also joined Kraken’s CEO, Jesse Powell, saying that the world’s largest country by nominal GDP risks falling further behind other nations, such as China, in terms of crypto and blockchain adoption.

“China has really embraced cryptocurrency and blockchain in a big way – starting from about six years ago. They are substantially far ahead.” – Armstrong added.

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Source: https://cryptopotato.com/coinbase-ceo-brian-armstrong-urges-for-fair-crypto-regulations/

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MakiSwap Raises $1.4M to Build AMM Platform on Huobi Eco Chain

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[Press Release – St, John’s Antigua, Barbuda, 14th April, 2021]

MakiSwap, the number one decentralized exchange on Huobi Eco Chain (Heco), has raised $1.4 million in seed and private funding to build the most robust and feature-rich automated market maker exchange and yield farming platform on Huobi Eco Chain.

The oversubscribed round was led by Inclusion Capital, which incubated and supported MakiSwap in its development efforts. Other participants include Kenetic Capital, LD Capital, NGC Ventures, Polygon Network, DAO Maker, Momentum 6, AU21 Capital, Xend Finance and others. Jawad Ashraf, Founder of Terra Virtua, also joined the round as an individual investor.

MakiSwap is the leading AMM on Huobi Eco Chain, a high-performance blockchain supporting the Ethereum Virtual Machine. Heco was launched by the Huobi Global exchange and was met with formidable community support in China and the Asia-Pacific region. Heco projects are now shifting their focus to the global market, looking to bring in DeFi users from other regions and other blockchains.

MakiSwap was developed by Unilayer, a cross-chain DEX aggregator and DeFi ecosystem. The exchange offers unique features for an AMM designed with the professional trader in mind, including limit orders, advanced charting tools, analytics, and more. MakiSwap also features lucrative yield farming opportunities designed to incentivize users to make the jump into the new protocol and blockchain.

“We’re extremely excited to launch MakiSwap on Huobi Eco Chain and to the public, we do see a big potential for HECO to capture a lot of market share compared to other blockchains in the near future,” said Geo, Founder of Unilayer and MakiSwap.

“Makiswap is leading a new wave of Defi by empowering Huobi’s ECO chain community with key tools and infrastructure. We are excited to support Makiswap in helping to transform global finance through Defi.” Jehan Chu, Founder and Managing Partner, Kenetic

MakiSwap is powered by the MAKI governance token, which will be airdropped to holders of Unilayer’s LAYER token on Ethereum and Binance Smart Chain.

About MakiSwap

MakiSwap is the leading AMM exchange on Huobi Eco Chain, developed and launched by Unilayer, a cross-chain liquidity aggregator and unified interface for decentralized exchanges. MakiSwap’s governance token is MAKI, distributed fairly to all holders of Unilayer’s LAYER token. MakiSwap includes an advanced set of features like limit orders and advance charting to offer the best experience for professional DeFi traders.

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Source: https://cryptopotato.com/makiswap-raises-1-4m-to-build-amm-platform-on-huobi-eco-chain/

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The Message Coinbase Embedded in Bitcoin’s Blockchain on Listing Day

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Paying homage to Satoshi Nakamoto and his message embedded in the Bitcoin Genesis Block in 2009, Coinbase has done the same today. On the day they’re set to become a publicly traded company, the exchange asked a large Bitcoin mining pool to embed a note in the Bitcoin blockchain in regards to the latest stimulus bill. 

  • When launching the Genesis Block of the first-ever cryptocurrency in January 2009, the anonymous creator(s) embedded the following message referring to the financial crisis at the time: 
  • “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” 

  • More than twelve years later, Coinbase has followed the example set by Bitcoin’s creator. The exchange announced they had asked the mining pool F2pool to code the following text: 
  • “TNYTimes 10/Mar/2021 House Gives Final Approval to Biden’s $1.9T Pandemic Relief Bill.” 

  • The commonalities between the two messages spread more than being embedded on the Bitcoin blockchain. Both have referred to the economic struggles in 2009 and 2021 led by the aforementioned banking crisis and the COVID-19-induced crisis.  
  • More specifically, both messages have touched upon the governments’ somewhat controversial measures in trying to fight the consequences of the fallouts. Coinbase’s note cites this article published by the New York Times, which outlined the latest stimulus package aimed to alleviate some of the financial pain from the pandemic.  
  • The largest US-based crypto exchange has chosen today to pay homage to Nakamoto because of the significance of this day. As previously reported, Coinbase is set to become a publicly traded company on August 14th, 2021, through a direct listing. 
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Source: https://cryptopotato.com/the-message-coinbase-embedded-in-bitcoins-blockchain-on-listing-day/

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