Icebreaker: The Blockchain Project Aiming to Replace LinkedIn Raises $5M in Initial Funding

Icebreaker: This Blockchain Project Aims to Replace LinkedIn

The blockchain project "Icebreaker" has secured a substantial $5 million in initial funding from CoinFund, raising its valuation to $21 million. Founded by former Coinbase and Google employees Dan Stone and Jack Dillé, Icebreaker's goal is to build an open-source platform for professional networking on the blockchain. The project's ambition is nothing short of replacing LinkedIn as the go-to business network.

According to BTC-ECHO | Bitcoin & Blockchain since 2014, this financing round saw participation from Accomplice, Anagram, Legion Capital, among other business angels. Alex Felix, CEO of CoinFund, expressed his support for Icebreaker's mission to give every online user true ownership over their professional identity through blockchain technology. Users will be able to consolidate their business profiles and networks via one channel with options like email registration or using decentralized platforms such as Farcaster or Ethereum wallets.

Pepe Unchained: New Blockchain Revolutionizing Meme-Coin Market

The meme-coin Pepe ($PEPE) has made significant strides within just a year but faced limitations due to slow and costly transactions tied to the Ethereum blockchain. Now comes Pepe Unchained ($PEPU), which aims at addressing these issues with its own Layer 2 solution that promises faster and cheaper transactions.

FinanzNachrichten.de reports that Pepe Unchained could offer investors who missed out on $PEPE another chance at high returns. With nearly 550 million tokens already staked thanks to an impressive annual yield of 292%, analysts predict potential gains ranging between x100 and x200 if it garners enough attention from central exchanges and large-scale investors (whales). Currently in ICO phase, PEPU's early success indicates strong market interest.

Advanced Blockchain Stock Plummets After Financial Revisions

According to a report by 4investors, Advanced Blockchain must revise its previously reported preliminary numbers for the year 2023 downward. The company revealed errors involving IFRS figures from a subsidiary containing unrealized token asset profits amounting to around €2 million. Initially reported revenues were €5.2 million with EBIT standing at €2.2 million; however, final consolidated numbers are still pending further adjustments.

Krypto Magazin also notes that despite this setback causing more than a fifteen percent drop in stock value during XETRA trading (€3.44 per share), Advanced Blockchain remains optimistic about achieving an EBITDA of at least €1 million for fiscal year 2024 under HGB standards.

Nigeria Turns To Cryptocurrencies To Combat Capital Flight

African nations face severe capital flight challenges costing billions annually—$88 billion according to Olanipekun Olukoyede, head of Nigeria’s Economic and Financial Crimes Commission (EFCC). At the Pan-African Conference on Illegal Wealth Flows in Tunis in June, Olukoyede presented these staggering figures and suggested that combating these issues with blockchains and AI, and likely means stablecoins, said Christoph Bergmann of BitcoinBlog.de.

Olukoyede emphasized the transparency offered by these technologies and noted that financial institutions could be more efficient in fraud and corruption reduction. Especially in Nigeria, where there is a massive problem, it becomes harder for criminals to conceal activities and recover funds. An example cited was the recovery of $311 million sent to the US Nigerian leader back home. Leveraging the same technology in future efforts could efficiently track and retrieve illicitly moved assets where traditional methods fail. This would ensure development aid reaches intended projects like roads, hospitals, and schools, thereby benefiting the continent's overall economic growth and stability. Long-term sustainability initiatives and proposed regulatory frameworks were discussed during conference sessions attended by various stakeholders, policymakers, and industry experts. They explored innovative solutions to address this pressing issue effectively and collaboratively, moving forward together with a shared vision for a brighter and more prosperous Africa driven by technological advancements in the modern era of digital transformation.

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