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Fintech Firm Galoy Raises $4 Million, Startup Introduces Bitcoin-Backed Synthetic Dollar Product
3.8.2022
On Wednesday, Galoy, the firm behind El Salvador’s Bitcoin Beach Wallet, announced that the company raised $4 million in funding in an investment round led by Hivemind Ventures. On the same day, the startup launched a new product called Stablesats, a stablecoin concept that leverages...
Contributors piling into Bitcoin, Ethereum, and Solana since 2018: Report
3.8.2022
The Ethereum network continues to see the largest number of monthly-active contributors at around 2,000 as of July
Cross-Chain Bridge Nomad Loses $190 Million Making It 2022’s Third-Largest Crypto Heist
2.8.2022
On Monday, the cross-chain token bridge Nomad was attacked and hackers managed to siphon $190 million from the protocol, draining a great majority of the funds. The Nomad cross-chain bridge attack was the third-biggest crypto heist of 2022, and the ninth largest of all time. Nomad Cross-Chain...
Metaverse Company Condense Raises $4.5 Million to Accelerate VR Streaming Adoption
1.8.2022
Condense, a Bristol, England-based metaverse company that produces technology to allow the streaming of events to virtual reality apps, has raised $4.5 million in its most recent seed round. The round, which was led by Localglobe, 7percent Ventures, and Deeptech Labs, gives Condense funding...
Mystic Treasure and SS Ventures Announce Partnership
1.8.2022
Mystic Treasure has published an official announcement for its strategic partnership with SS Ventures intending to expand the crypto network. Additionally, both partners look to increase marketing promotion, brand awareness, and user exposure. An overall objective is to create a win-win situation...
Digital Identity Startup Unstoppable Domains Secures $65 Million in a Series A Led by Pantera Capital
27.7.2022
On Wednesday, the Web3 digital identity platform Unstoppable Domains announced the company has secured $65 million in financing in a Series A funding round led by Pantera Capital. The latest funding gives Unstoppable Domains a post valuation of $1 billion, pushing the blockchain startup up...
Aptos Labs Raises $150M in Funding Round Led by FTX Ventures
25.7.2022
Layer 1 blockchain Aptos Labs has raised $150 million in a Series A funding round led by FTX ventures, taking the total raised this year to $350 million
Kenyan Activists Say Cryptocurrencies Have the ‘Potential to Create New Ways for Young People to Earn’
24.7.2022
According to some Kenya-based activists, raising funds through cryptocurrency and non-fungible tokens (NFT) sales is not only faster but less costly as well. The activists added that digital currency also has the “potential to create new ways for young people to earn, spend, save and send...
FTX to Help Voyager Customers, CEO Says Firm Willing to Deploy ‘Hundreds of Millions’ to Help Crypto Industry
24.7.2022
The founder and CEO of the leading exchange FTX, Sam Bankman-Fried has offered to give early liquidity to Voyager Digital’s customers, according to an announcement FTX published on July 22. Furthermore, Bankman-Fried discussed the crypto industry with CNBC in an exclusive interview,...
Kenzo Ventures Announces Strategic Partnership With Crypto Pirates
21.7.2022
Kenzo Ventures has announced a strategic partnership with a play-to-earn game, Crypto Pirates. Both the partners will be responsible for creating exciting gameplay while offering players an opportunity to earn tokens. Crypto Pirates shared its intention of creating not just a project for...
Leading Auction House Christie’s Launches Web3 and Fintech Venture Arm
19.7.2022
On Monday, Christie’s, the leading British auction house founded 256 years ago in 1766, announced the launch of a new venture fund called Christie’s Ventures. According to the announcement, the company’s venture arm plans to focus on “[Web3] innovation, art-related...
Tari World and Kenzo Ventures Enter Strategic Partnership
18.7.2022
Tari World published a blog post to announce that it has entered into a strategic partnership with Kenzo Ventures to develop its platform multi-functionally and strenuously in the coming times. The development was announced after both the platforms officially signed an MoU on June 17, 2022....
Monopoly Millionaire Game Raised $1 Million in Seed Funding
15.7.2022
PRESS RELEASE. Monopoly Millionaire Game, a marine-themed GameFi that involves island construction, cultivating, shooting and more, announced that it has completed a seed funding of 1 million US Dollar. By this round of funding, MMG was valued at 10 million US Dollar. Mirana Ventures led the seed...
Blockchain Gaming Publisher Animoca Brands Secures $75M — Firm’s Pre-Money Valuation Rises to $5.9B
12.7.2022
The non-fungible token and blockchain gaming company Animoca Brands has announced the firm has raised $75 million from investors such as Kingsway Capital, Liberty City Ventures, and others. The capital injection of $75 million brings Animoca’s overall pre-money valuation to $5.9 billion....
MH Ventures Introduces MetaWear for the Fashion Industry
12.7.2022
MH Ventures has talked about the cross-platform metaverse fashion creator ecosystem called MetaWear. It has been brought to the market to provide a complete solution to the fashion industry, including stakeholders like fashion designers and businesses. The ecosystem has all the important elements...
MH Ventures Partners Sangnila Blockchain For Eizper Chain
11.7.2022
The official newsletter from MH Ventures on June 8 confirmed its arrival in the GameFi ecosystem of the RPG Eizper Chain. Set to be a role-playing game, the new product is expected to bring GameFi to the next level in its evolution through a more polished and sophisticated outlook. The Sangnila...
Crypto Lender Vauld Suspends Withdrawals, Company Is Discussing ‘Restructuring Options’ With Advisors
4.7.2022
On July 4, the crypto lending company Vauld announced it suspended withdrawals, trading, and deposits after disclosing the firm is “facing challenges.” While not naming any specific companies, the Singapore-based cryptocurrency lending platform and exchange mentioned “financial...
TSX-Listed Voyager Digital ‘Temporarily’ Suspends Trading, Deposits, and Withdrawals
1.7.2022
After the TSX-listed Voyager Digital revealed that it was owed $655 million from Three Arrows Capital (3AC), the company secured a $500 million credit line from Alameda Ventures in order to “safeguard customer assets.” Five days later on July 1, Voyager announced the crypto company...
How Foresight Ventures Is Approaching Investments in the Current Market Environment
1.7.2022
The Foresight Ventures founding and partnership team includes veterans of some of the top financial and technology firms dedicated to sourcing and supporting the next generation of disruptive innovations across Web3. They believe the future is multi-chain and thus the chains that find product...
Connect3 Receives Strategic Investment From MetaWeb Ventures
29.6.2022
Connect3 has received investment from MetaWeb Ventures. The announcement was shared through an official blog post mentioning that the funds will be utilized to accelerate product development and build a community. Connect3 is being looked at as a one-stop social networking platform for the Open...