CryptoCannaVerse

Portal Ventures Closes $75M Fund to Back Crypto Startups Portal Ventures has raised a $75 million fund to invest in pre-seed crypto startups, marking the firm’s second fund and bringing its total fund size to $115 million. The fund is focused on ground-level opportunities, particularly backing startups at their earliest stages, with an emphasis on writing the first check. Portal’s approach goes beyond traditional investments, as it has backed companies without a whitepaper or deck, relying on the founder and the sector. The firm’s partners, Evan Fisher and Catrina Wang, have expanded their focus beyond bitcoin into tokenizable commodities like air rights and uranium, along with the infrastructure needed to support them. Backed by major names like a16z’s Chris Dixon and Marc Andreessen, KKR’s Henry Kravis, and executives from Insight Partners, the fund has been oversubscribed and could ultimately raise up to $90 million. This latest raise comes amidst a surge in venture financing, following a broader market rally and the nomination of President-elect Donald Trump. #CryptoInvestment #PreSeedCrypto #VentureCapital #BlockchainStartups #Tokenization

How Fintech Companies Are Solving the CPA Talent Crisis The accounting profession is facing a significant talent shortage due to an aging workforce, a 33% decline in CPA applications, and high turnover rates, with 75% of accountants nearing retirement age and over 300,000 leaving the industry. This shortage, combined with the industry’s historical resistance to embracing new technologies, has led to reliance on outdated systems that burden accountants with repetitive tasks. However, fintech companies like Puzzle are addressing this issue by automating up to 90% of routine accounting tasks such as data ingestion, reconciliation, and financial statement drafting. Puzzle’s software-driven platform allows accountants to shift from data entry to strategic advising, enabling them to focus on high-value services such as profitability analysis, capital raises, and long-term planning. Designed to meet the needs of modern, fast-growing businesses, especially venture-backed startups, Puzzle is expanding its solution to support the 25 million private companies in the U.S. This shift toward automation is part of a broader trend in the industry to build solutions that align with today’s business realities, not only bridging the talent gap but also making the accounting profession more sustainable and rewarding for future generations. #AccountingAutomation #CpaTalentShortage #FintechSolutions #AccountingInnovation #CPA

The Heart of Thanksgiving As the leaves turn and the air cools, the fourth Thursday of November invites us to slow down and gather around tables laden with the season’s bounty. Thanksgiving 2024 offers a special moment to reflect on the year's blessings and the resilience that carries us through challenges. This day is steeped in historical significance, tracing back to the early days of American settlers, but its essence lies in the universal values of gratitude, community, and shared joy. Across the country, families and friends come together to enjoy a meal and express gratitude for life's abundance. It's a day filled with traditions, from watching parades to sharing stories and, of course, enjoying a feast that features turkey, stuffing, and pumpkin pies. But beyond the feasting, Thanksgiving serves as a reminder of our interconnectedness and the importance of giving back. Many use this day to volunteer, helping those in need and spreading the warmth of the season to every corner of the community. In 2024, let's renew our commitment to these values, reaching out with open hearts to foster a spirit of inclusivity and generosity that extends far beyond a single day. #Thanksgiving2024 #GratitudeSeason #ThankfulTogether #HarvestJoy #CommunitySpirit

How to Navigate Hollywood with Faith Investing in films can be an exciting venture, but for Christians and other faith-driven investors, it’s important to approach it with a mindset that aligns with personal values and spiritual principles. Dr. Ted Baehr, publisher of a prominent faith-based movie company, emphasizes the importance of having a great script—one that tells a compelling story with strong characters and a morally uplifting worldview. Before diving into any investment, Christians must also be mindful of their attitude toward the filmmaking process. Focusing on God and committing talents back to Him, understanding the influence movies have on impressionable audiences, especially children and families, and ensuring adherence to biblical principles are key components of responsible filmmaking. Alongside these, understanding the business of Hollywood, prioritizing profitability, mastering marketing and distribution, and knowing your audience are essential strategies for successful film investing. Dr. Baehr’s book, How to Succeed in Hollywood (Without Losing Your Soul), dives deeper into these principles, offering a guide for investors and filmmakers who wish to blend their passion for film with their commitment to faith. #FilmInvesting #ChristianInvestors #FaithBasedFilms #HollywoodSuccess #MovieInvesting

A New Era in Faith-Based Investments Tokenization is transforming the way churches can manage and fund their assets, making it easier for religious communities to raise funds and manage real estate and other physical property. Blake Bush, a pastor from Northern Colorado, is spearheading an innovative campaign to raise $2.5 million to purchase the historic Old Stone Church in Fort Collins through tokenization. This project utilizes blockchain technology to convert the church’s ownership into digital tokens, making it possible for a broader community of investors to participate in fractional ownership. Tokenization provides numerous benefits, such as increased financial transparency, enhanced security, and the ability to raise funds more inclusively by allowing church members to own shares of valuable assets. It can also streamline donations, ensuring funds are allocated appropriately, and improve the management of historical artifacts, like religious relics or manuscripts. With tokenization, churches can unlock new opportunities for engagement, investment, and preservation while maintaining the values of community and stewardship. #Tokenization #ChurchInvestments #BlockchainForGood #RealEstateTokenization #FaithBasedInnovation

Unlocking the Trillions in Illiquid Markets Tokenization refers to the process of transforming physical and financial assets into digital representations called tokens, which can be traded and managed on blockchain platforms. This innovative technology is revolutionizing how assets are issued, managed, and transacted, with a focus on increasing liquidity and providing more investment opportunities. Tokenization of real-world assets (RWAs) is gaining significant traction, with estimates suggesting the market for tokenized assets could grow to $24 trillion by 2027. Real assets like real estate, goods, currencies, securities, and intellectual property are being digitized and represented as tokens, allowing fractional ownership and broader access to investments. Additionally, the increasing adoption of tokenized assets is helping unlock illiquid markets and streamline traditional financial processes, with blockchain providing enhanced security and transparency. The rise of decentralized finance (DeFi) and the expansion of tokenization are setting the stage for a more inclusive financial ecosystem. However, regulatory hurdles and technological challenges remain as blockchain technology, such as cross-chain interoperability, works to overcome the "blockchain trilemma" of decentralization, security, and scalability. As tokenization matures, it holds the potential to transform how people invest in and manage assets, offering more efficient and secure financial services while bridging traditional finance with digital innovations. #Tokenization #BlockchainFinance #RealWorldAssets #DeFiRevolution #AssetTokenization

Hebrews 13:4-5 Marriage should be honored by all, and the marriage bed kept pure, for God will judge the adulterer and all the sexually immoral. Keep your lives free from the love of money and be content with what you have, because God has said, 'Never will I leave you; never will I forsake you.' These verses emphasize two important aspects of living a faithful life: honoring marriage and maintaining contentment in life. First, it calls for the sanctity of marriage to be upheld, warning against sexual immorality. It speaks to the importance of faithfulness and purity within marriage. The second part encourages believers to avoid greed and the love of money, finding contentment with what they have. It reassures Christians with God's promise that He will always be with them, providing security and comfort. #HonorMarriage #FaithfulnessMatters #ContentmentInChrist #GodsPromises

Binance Chain Wallet Binance Chain Wallet is the official cryptocurrency wallet from Binance, designed for seamless integration with Binance Smart Chain, Binance Chain, and Ethereum. It provides users with an easy-to-use platform for securely storing cryptocurrencies and accessing a wide range of blockchain projects. Ideal for those already familiar with the Binance Ecosystem, the wallet allows users to exchange BNB for other tokens, create NFTs, and participate in yield farming, making it a versatile tool for both beginners and experienced users. AUM: Estimated at over $2 billion User Base: Over 1 million users Difficulty Level: Easy #BinanceWallet #BlockchainIntegration #CryptoStorage #YieldFarming #NFTCreation Website Link: https://www.bnbchain.org/

Digital Chamber Urges Immediate Action on Stablecoin Legislation The Digital Chamber, a blockchain advocacy group, is urging U.S. lawmakers to pass stablecoin legislation immediately as the use of stablecoins continues to grow. In a report titled "How Stablecoins are Extending U.S. Dollar Dominance," the group emphasized the increasing role of stablecoins in global savings and payments and called for urgent action to ensure that the U.S. remains competitive. With over 98% of stablecoins in circulation pegged to the U.S. dollar, The Digital Chamber aims to prevent other countries, such as China and Russia, from gaining an upper hand in the global stablecoin market. Cody Carbone, president of The Digital Chamber, expects stablecoin legislation to reach President-elect Donald Trump's desk by 2025, noting that it could become a bipartisan victory early in the administration. The group also plans to meet with key financial regulators and lawmakers to push for the bill's passage and included policy recommendations, such as allowing both banks and non-banks to issue stablecoins and asserting that stablecoins should not be treated as securities. #StablecoinLegislation #DigitalChamber #CryptoRegulation #USDominance #StablecoinPolicy

Canary Capital Drives Hedera’s Next Big Leap Canary Capital has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for the launch of a first-of-its-kind Hedera (HBAR) spot exchange-traded fund (ETF). The fund aims to offer exposure to the value of HBAR, the native asset of the Hedera Network, a decentralized public network that operates using the Hashgraph consensus algorithm. Hedera facilitates fast and secure global transactions and is governed by a council of prominent companies. The Canary HBAR ETF plans to hold HBAR directly without relying on derivatives, futures, or other financial instruments. This filing follows the firm’s launch of a HBAR Trust in October for accredited investors. The approval of this ETF would mark a significant milestone for crypto-related funds, especially with the increasing possibility of changes in the SEC’s stance on crypto regulation, particularly under a potential new presidential administration. #CanaryCapital #SEC #HBARTrust #ETF #Crypto #Blockchain