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Owner of Hong Kong crypto exchange OSL secures $90M investment
14.11.2023
BC Technology Group, the operator of Hong Kong’s publicly listed crypto exchange OSL, has raised $90 million in subscriptions for new shares from BGX
Goldman Sachs leads $95M funding round for blockchain payment firm Fnality — Report
14.11.2023
With $158 million of total capital raised since 2019, Fnality plans to launch the Sterling Fnality Payment System in 2023, subject to approval by the Bank of England
Fnality Receives $95 Million Investment Led by Goldman Sachs, BNP Paribas
14.11.2023
Fnality International, a company specializing in tokenized cash solutions on blockchain, has secured a substantial investment of $95.2 million, according to Bloomberg. The funding round was spearheaded by prominent financial institutions Goldman Sachs and BNP Paribas. Fnality’s Growth Journey...
Latam Insights: Unlicensed Crypto Exchanges Still Allowed to Operate in Brazil, Lightning Strikes Salvadoran Bitcoin ATMs
14.11.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Central Bank of Brazil confirms that unlicensed exchanges can still operate in the country; El Salvador will integrate Lightning Network transactions...
Asia Fund Picks Up Majority Stake in The Block, Buys Out Shares Tied to Sam Bankman-Fried Loan
13.11.2023
Singaporean venture capital firm Foresight Ventures has bought a majority stake in The Block, with the crypto media outlet being valued at $70 million
Is It Too Late to Buy Celestia? TIA Airdrop Token Reaches New All-Time High as Viral Meme Coin Attracts $1.6 Million in Funding
13.11.2023
New modular blockchain token Celestia has broken out in an ascendant upwards trading channel, as TIA airdrop captures market interest, but is it too late to buy Celestia? Launched on just October 31, the TIA airdrop has already undertaken an alluring +87.7% climb since its highly anticipated...
Funding rates echo $69K BTC price — 5 things to know in Bitcoin this week
13.11.2023
Bitcoin funding rates are in classic bull market territory, but can BTC price upside sustain as macro volatility triggers line up?
Standard Chartered’s SC Ventures Partners With SBI to Establish Digital Asset Joint Venture in UAE
11.11.2023
Standard Chartered’s ventures arm, SC Ventures, and Japanese conglomerate SBI Holdings are collaborating to establish a digital asset joint venture in the United Arab Emirates (UAE). “The joint venture will focus on investing in companies across the digital assets spectrum including...
Solana price hits a new 2023 high — What’s behind the SOL rally
10.11.2023
SOL hit its highest price since May 2022, possibly due to an uptick in DApp use and a few other key factors
Maven 11 Targets $100 Million in Funding for Third Crypto Venture Fund
10.11.2023
Source: Adobe / Sutthiphong Amsterdam-based crypto venture capital firm Maven 11 has unveiled its third fund with a goal of securing $100 million. This research-driven fund will aim to invest in early-stage crypto projects that align with Maven 11’s mission to “redefine...
Polygon Labs Launches $90 Million Fund to Fuel Ecosystem Growth
10.11.2023
Polygon. Source: Adobe / Mahoa Creative Polygon’s development team Polygon Labs is reigniting network growth through a relaunched grant program featuring over $90 million in funding for aspiring Web3 founders. Per a blog post from the company on Thursday, the “Polygon Village 2.0” grant program...
As PEPE2 Dumps After 1,000% Move, But This Audited Bitcoin Project Has Secured $200,000 in Funding – 100x Potential?
10.11.2023
As copycat tokens rise on DEX markets, the latest spin-off PEPE2 token has undertaken a +1,000% move, yet, amid the surge a breakout, warning signs reveal a potential scam, while safer Bitcoin project is capturing the attention of traders. Recent months have seen a huge trend in explosive...
Crypto-Focused VC Lightspeed Faction Announces $285 Million Fund for Startups
10.11.2023
Source: Shutterstock Lightspeed Faction, a blockchain-focused venture capital (VC) firm, has revealed plans to launch a new $285 million fund aimed at investing in early-stage projects within the crypto industry. The VC, consisting of team members from prominent entities including Amber Group...
US and Allies to Intensify Sanctions Against Hamas, Targeting Crypto Assets to Cut Funding
10.11.2023
Source: Adobe Stock/ sveta The United States and its allies are set to escalate sanctions against the militant group Hamas in the coming days. According to the U.S. Deputy Treasury Secretary Wally Adeyemo, more actions will be taken in the coming days and weeks to cut funding channels to Hamas...
Spartan Capital Invests in DeFi Protocol Pendle in a Follow-on Funding Round
9.11.2023
Source: Medium/Spartan Group In a strategic move to boost the burgeoning landscape of decentralized finance (DeFi), Spartan Capital has announced its continued commitment to Pendle Finance through an over-the-counter (OTC) acquisition. We're excited to share that we have made a follow-on...
Polygon Labs Launches $85 Million Developer Fund to Attract Web3 Talent
9.11.2023
Polygon Labs launches major funding to draw blockchain developers. Image by akif, Adobe Stock. On Thursday, Ethereum scaling solution Polygon Labs announced the launch of an $85 million grant program with the goal of attracting top Web3 talent to build on its network. The initiative will provide...
Venture Capital Lightspeed Faction Starts $285M Fund for Blockchain Startups
9.11.2023
The new fund will focus mainly on early-stage crypto projects, participating in seed-stage and Series A funding rounds
Ritual Raises $25M for AI Decentralization, Targets Universal Access with DeFi Integration
9.11.2023
Ritual raises $25M to build a decentralized AI network. Image by ipopba, Adobe Stock. Ritual, a startup building a decentralized platform for artificial intelligence, has raised $25 million in a seed funding round. The funding was led by venture capital firm Archetype, with participation from Robot...
Ritual Secures $25 Million in Seed Funding to Decentralize AI
8.11.2023
Source: Pixabay AI platform Ritual obtained a $25 million capital injection in a Series A funding round led by Archetype, with assistance from Accomplice and Robot Ventures. The company announced on its website that the funds would help “expand our team, start growing our developer network,...
UK Web3 Firm Pimlico Secures $4.2M Seed Investment Led by a16z Crypto
8.11.2023
a16z. Source : Twitter/CRYPTOPURITY.COM Pimlico, a UK-based Web3 company, has successfully closed a seed investment round worth $4.2 million, led by the major venture firm Andreessen Horowitz’s crypto arm a16z Crypto. The new funding round comes after a recent pre-seed round, and marks a “crucial...