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DeFi Protocol Elixir Raises $7.5M in Series A Round Led By Hack VC


DeFi platform Elixir has secured $7.5 million in a Series A investment fund led by Hack Venture Capital, bringing the protocol’s valuation to $100 million.  Other participants in the round included AngelList Ventures, NGC Ventures, Bloccelerate, Hudson River Trading, Genesis Trading, and angels...

Chainalysis Lays Off More Staff in New Round of Crypto Job Cuts


Blockchain forensics firm Chainalysis is shedding a chunk of its workforce, the second time it’s doing so within this year. The news comes in a difficult period for the whole industry which saw a number of such moves in 2023, against the backdrop of a persistent bear market and increased regulatory...

Blackbird raises $24 million in Series A Round led by a16z


Blackbird Labs has raised $24 million in Series A Round. The funding was led by a16z with the objective of revolutionizing the way in which the restaurant industry serves its loyal customers. Other participants were Bolt by QED and Amex Ventures. Moving forward, Blackbird will offer innovative ways...

IYK secures $16.8 million in a seed round led by a16z


IYK, an acronym for If You Know and a shorter version of IYKYK (If You Know You Know), has said that it has secured $16.8 million in a seed round. The round was led by a16z, its alma mater. Funds raised from the seed round will now be invested to launch the IYK platform and …

Another 2 Binance US Executives Leave Crypto Exchange, Report


Two more managers at Binance US are reportedly quitting amid another round of layoffs at the troubled cryptocurrency exchange. The departures come while Binance’s U.S. trading platform for digital assets is still under heightened regulatory pressure that has damaged its business. Binance US Legal...

GamePhilos Studio raises $8 million in a seed funding round


GamePhilos Studio has raised $8 million in a seed funding round. It was led by Animoca and Xterio. The seed funding round saw the participation of companies and capitalists like Chain Hill Capital, SevenX Ventures, Sanctor Capital, and many more. GamePhilos Studio will now use the funds to develop...

Kenyan Fintech Startup Kotani Pay Receives $2 Million Pre-Seed Funding


The Kenyan fintech startup Kotani Pay has raised $2 million in a pre-seed funding round which was led by P1 Ventures. The capital raised will be used to fund the startup’s expansion into five African countries. Felix Macharia said his firm is working with central banks, some of whom...

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