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African Web3 Startup Raises $6.45 Million in Pre-Seed Round, Serena Williams’ Investment Firm Participates
5.2.2022
An African startup, Nestcoin, said it raised $6.45 million in a pre-seed funding round in which tennis’ star, Serena Williams’ Serena Ventures took part. The startup, which was launched in November 2021, plans to use the capital raised to educate, build and invest in web...
A DAO Created to Free Julian Assange Has Raised $7.5 Million in Ethereum
5.2.2022
A group of cypherpunks recently initiated a decentralized autonomous organization (DAO) in order to try and free the incarcerated Wikileaks founder and activist Julian Assange. So far, the DAO has raised $7.5 million in ether and the funds will be used to help with Assange’s legal fees...
Metaverse Real Estate Sales Expected to Reach $1 Billion This Year
5.2.2022
Real estate sales in the metaverse are expected to reach a billion dollars this year, according to a metaverse analytics firm. The company expects real estate sales on four major metaverse platforms, which surpassed $501 million last year, to double this year. $1 Billion Metaverse Real Estate Sales...
SIDUS HEROES Receives Investment From Animoca Brands, Alameda Research, Bloktopia, OKEX, Polygon and Master Ventures
4.2.2022
PRESS RELEASE. February 04th – Sydney, Australia: SIDUS HEROES, the play-to-earn, blockchain, MMORPG game, announced today that it has raised $21 million in its seed, private and public funding rounds with Animoca Brands as its lead investor with Alameda Research, Bloktopia, OKEX, Polygon...
Jump Crypto Replaces $320 Million in Ethereum Taken From Wormhole Exploit
4.2.2022
On February 2, 2022, the Wormhole Network’s ethereum ↔ solana bridge was exploited for 120,000 WETH (wrapped ethereum) worth $320 million and the following day, the team explained that “all funds have been restored and Wormhole is back up.” The team has also said...
Yield App Assets Grow 40% Over Q4 as Platform Passes Armanino Audit
3.2.2022
PRESS RELEASE. ESTONIA — 03 FEBRUARY 2022 — Yield App, a FinTech company and digital asset wealth management platform, has published its 2021 Q4 report, showing the firm continuing on a strong growth trajectory that saw its managed assets grow by 40% from Q3 to reach $475 million....
Video Game Retailer Gamestop Partners With L2 Startup Immutable X, Launches $100 Million NFT Fund
3.2.2022
Last May it was discovered that the video game retail giant Gamestop was stepping into the world of non-fungible token (NFT) technology. Nine months later, Gamestop has revealed it is partnering with the layer two (L2) Ethereum scaling project, Immutable X. The two teams have also established...
Megaverse Joins Polygon with Aim to Add 10 Million Users
3.2.2022
Polygon was founded as a platform that could offer scaling tools and infrastructure for Ethereum. However, the project soon expanded its plans to create an Internet of blockchains for this growing industry to enhance interoperability—the line of partnerships and integrations with some of...
Web3 Data Platform Dune Analytics Propels to Unicorn Status After $69.4 Million Fundraise
3.2.2022
The Web3 analytics platform Dune Analytics has announced it has closed a $69.4 million Series B fundraise led by Coatue. The firm’s latest fundraise follows the company’s Series A last August when Dune Analytics raised $8 million. With the Series A and B combined, the firm has been...
Silvergate Capital Purchases Diem Operations to Develop Own Stablecoin
3.2.2022
Silvergate Capital, an investment firm that is the parent company of the Silvergate Bank, acquired the technology and assets of Diem, the formerly Facebook-backed stablecoin payment system. The payment totaled $182 million. The technology and assets acquired will reportedly be used for the launch...
Wormhole Network’s Cross-Chain Bridge Exploited for Over $250 Million in Ethereum
3.2.2022
Reports indicate that the Wormhole Network’s ethereum ↔ solana bi-directional bridge has been exploited by an attacker for 93,750 ether or more than $250 million using today’s ethereum exchange rates. The developers behind the Wormhole Network have told the public the network...
Tanzanian Fintech Raises $10 Million, Plans to Enter 12 More African Countries
2.2.2022
A Tanzanian fintech startup revealed it has raised $10 million in its latest funding round and is planning to use the funds to finance an expansion into other African countries. Fintech Plans to Enter 12 More Countries by Year’s End The Tanzanian fintech behind an app that enables payments...
$3.6 Billion in Bitcoin From the 2016 Bitfinex Hack Consolidates Into a Single Address
1.2.2022
$3.6 billion or 94,643.29 bitcoin stemming from the 2016 Bitfinex hack was moved and consolidated into a single wallet following 23 transfers. At the time of writing, the $3.6 billion in bitcoin remains idle and the trading platform Bitfinex says it “continues to work globally with...
Solana’s Phantom Raises $109 Million in a Series B Fundraise Obtaining Unicorn Status
1.2.2022
On Monday, the team behind the Solana Web3 wallet platform Phantom announced it had raised $109 million in a Series B fundraise. The crypto company is now a Unicorn with a post valuation of $1.2 billion in value. Solana Web3 Wallet Phantom Raises $109 Million The Phantom wallet team has raised $109...
FTX Raises $400 Million in Series C Fundraise, Firm Reaches $32 Billion Valuation
31.1.2022
Following the company’s subsidiary FTX US raising funds in its first Series A financing round, parent company FTX Trading Ltd. has announced it has secured $400 million in a Series C fundraise. The crypto company’s latest financing round brings the firm’s post-money valuation...
Ark Invest Expects Bitcoin to Exceed $1 Million by 2030 — Says BTC Could Transform Monetary History
31.1.2022
Ark Investment Management (Ark Invest) has predicted that the price of bitcoin could surpass $1 million per coin by 2030. “Our research suggests that bitcoin has the potential to transform monetary history by providing financial freedom and empowerment in a fair, global, and distributed...
Pop Star Justin Bieber Buys Bored Ape NFT for $1.29 Million, Pays More Than 300% Above Floor
30.1.2022
The Canadian singer Justin Bieber has purchased a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) for 500 ethereum or $1.29 million at the time of settlement. Bieber has a significant collection of NFTs and his wallet holds 340.43 ether worth $879K. Justin Bieber Spends $1.29 Million...
Vitalik Buterin to Use $100 Million From Crypto Relief’s SHIB Funds to Accelerate Covid Relief Efforts
30.1.2022
Ethereum co-founder Vitalik Buterin has unveiled how he will use $100 million in cryptocurrency from India’s Covid Crypto Relief Fund (Cryptorelief) to accelerate relief efforts and “bring great benefit to Indians and non-Indians.” The crypto is part of the Shiba Inu funds...
NFT Minecraft Project Sells $1.2 Million In Tokens, Deletes Everything A Few Days Later
29.1.2022
Stop me if you’ve heard this one before: An NFT project sells a ton of tokens, making a shit ton of cash in the process for a thing that probably will exist in the future. Then the project and folks involved disappear with the money, leaving those who bought into it screwed. Well, it’s reportedly...
Weekly NFT Sales Drop 13% While Crypto Prices Rebound From Market Rout
29.1.2022
Last week, non-fungible token (NFT) sales remained unscathed while crypto asset spot markets were dismal. However, a week later, NFT sales have dropped 13% to $800 million in sales over the last seven days. During the past week, NFT sales on the Ethereum blockchain have slipped 11.78% but Ronin...