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Analog Raises $16M in Funding for Cross-Chain Project, Reaching $120M Valuation
13.2.2024
Analog has raised $16 million in the latest funding round to develop its cross-chain communication tools at a valuation of $120 million. According to a recent social media post by Analog, the funding round led by Tribe Capital has funneled $16 million to Analog. The company plans to utilize...
LBank Labs Announces Strategic Investment in Navi Protocol, Joining OKX Ventures, DAO5, and Hashed in $2M Funding Round
8.2.2024
PRESS RELEASE. LBank Labs, a prominent player in the blockchain and cryptocurrency space, is excited to announce its investment in Navi Protocol, an inaugural Native One-Stop Liquidity Protocol on Sui, offering users opportunities as liquidity providers or borrowers within the Sui Ecosystem. LBank...
Tether Leads Crypto Mobile App Oobit’s $25 Million Series A Funding
5.2.2024
Tether announced today that it led a $25 million Series A funding round for crypto mobile payments app Oobit. Crypto’s biggest stablecoin issuer said the funding will contribute to Oobit’s ongoing development. The mobile app enables users to tap and pay for goods and services with their...
Stablecoin Issuer Tether Leads $25 Million Funding Round for Mobile Payment Startup Oobit
5.2.2024
On Monday, Tether, the leading issuer of stablecoins, revealed its role as the lead investor in the Series A funding round of mobile payment startup Oobit, which successfully garnered $25 million. The investment round saw contributions from notable entities such as Titan Fund, Solana’s Anatoly...
Crypto Payments App Oobit Raises $25M in Series A Funding Round Led by Tether
5.2.2024
The round also included participation from Anatoly Yakovenko, the co-founder of Solana
KIP Protocol Closes Strategic Funding Round Led by Animoca Ventures
1.2.2024
PRESS RELEASE. Hong Kong, 1 February 2024 – KIP Protocol, the Web3 base layer for artificial intelligence (AI), has successfully closed its strategic funding round led by Animoca Ventures. KIP Protocol builds secure and gas-efficient Web3 infrastructure that makes it possible for AI creators...
Fintech Provider Portal Raises $34 Million in Seed Funding
1.2.2024
Portal, the provider of a decentralized Bitcoin ecosystem, announced on Jan. 30 that it has raised $34 million via a seed funding round. Portal said the raised capital is set to fund the development of a decentralized exchange platform and a wallet. Layer 2 Atomic Swap Technology Portal, a fintech...
Axiom Secures $20 Million in Series A Funding Round
27.1.2024
Axiom announced a $20 million Series A funding round led by Paradigm and Standard Crypto. The company’s approach uses zero-knowledge cryptography to provide a more efficient and cost-effective method for smart contract developers to access and use on-chain data. Axiom Secures $20 Million...
Bitcoin Mining Rig Maker Canaan Secures $50 Million In Preferred Shares Sale
26.1.2024
Bitcoin (BTC) mining rig manufacturer, Canaan Inc has raised $50 million in a new funding round by selling preferred shares. The company disclosed the development in a recent filing at the Securities and Exchange Commission (SEC) stating that funds raised will be deployed to expand research...
Sygnum Bank Surpasses $40 Million in Strategic Funding Round
26.1.2024
Sygnum Bank has outperformed its funding expectations in a strategic growth round. The company’s focus now shifts to global expansion and further development of its regulated digital asset products. Sygnum Surges Past Funding Goals, Reaching $900 Million Valuation in Latest Round Digital...
Crypto Bank Sygnum Raises $40 Million for Expansion and Mergers
25.1.2024
Sygnum AG, a global digital asset bank, has successfully raised $40 million in a strategic funding round led by Azimut Holding. According to Sygnum’s latest announcement, the bank completed the oversubscribed funding round with over $40 million, exceeding its original $35 million target. Following...
Polymer Labs Secures $23 Million to Build Ethereum’s ‘Interoperability Hub’
25.1.2024
Polymer Labs, the inter-blockchain communication (IBC)-based networking layer two (L2), recently disclosed that it had raised $23 million via a Series A funding round. Polymer said only Ethereum and all chains under the IBC control will initially be compatible with its interoperability solution....
New Cryptocurrency eTuktuk (TUK) Raises $500k In ICO – Best Eco Friendly Crypto To Invest In
24.1.2024
eTuktuk’s presale funding success highlights investor interest in eco friendly crypto projects with strong real-world utility. Image by Kerem Goktug Kaya, DALL-E 3. A new eco-friendly crypto project focused on environmentally sustainable transportation has raised over $500,000 so far in...
Pontem Announces AI-powered Crypto Chatbot Following $6 Million Seed Funding Round
23.1.2024
Product development studio Pontem is launching an AI-powered chatbot dubbed Pontem.ai capable of operating like a “full-scale AI crypto assistant.” A crypto trader’s best friend According to a press release from Pontem on Tuesday, the chatbot can answer questions on emerging news...
Crypto Exchange WOO X Raises $9 Million for Strategic Liquidity Boost
18.1.2024
The crypto exchange Woo has secured $9 million in a recent funding round. The capital injection came from existing and prospective market makers trading platform. The capital injection aims to enhance liquidity on Woo’s exchange, the company said in a statement published on its website....
Ethereum Staking Platform Kiln Raises $17 Million in Funding Round Led by 1kx
18.1.2024
Paris-based Ethereum staking infrastructure provider Kiln has closed a $17 million funding round to expand its institutional-grade offering internationally. The funding will also support more decentralized finance (DeFi) reward models. The funding round was led by 1kx. Several prominent investors...
Grayscale Bitcoin ETF Liquidity Partner Flowdesk Raises $50 Million in Series B
18.1.2024
French crypto financial services firm Flowdesk has successfully raised $50 million in a Series B funding round led by Cathay Innovation. The funding round includes participation from Cathay Ledger Fund, Eurazeo, ISAI, Speedinvest, BPI, and Ripple, as per a statement shared with Cryptonews....
Nigerian Crypto Startup Reveals Closure of $2.3 Million Strategic Funding Round
17.1.2024
The Nigerian crypto startup revealed on Jan. 16 that the firm had closed a $2.3 million strategic fund to finance the acquisition of operating licenses from different African regulators. Canza Finance said it hopes the new licenses and the defi platform will help it achieve its goal of lowering...
Hashkey Group Achieves Unicorn Status With $100 Million Series A Funding
16.1.2024
After obtaining a comprehensive capital markets license in Singapore, Hashkey Group announced it has successfully garnered $100 million through a Series A funding round. The fresh injection of capital is earmarked for expediting the growth of their licensed operations in Hong Kong, while...
Web3 Music Startup TRAX Raises $2.9M in Decentralized Funding Round + More Crypto News
16.1.2024
Source: AdobeStock / Prostock-studio Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In this edition: TRAX Crypto News: $2.9M Raised in Decentralized Funding Round KuCoin Labs Partners with ETGM...