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Leading NFT Marketplace Opensea Raises $300 Million, Firm’s Post-Money Valuation Taps $13.3 Billion
5.1.2022
Leading non-fungible token (NFT) marketplace Opensea announced the firm has raised $300 million in a Series C funding round led by Paradigm and Coatue. Opensea’s latest capital raise has propelled the company to a $13.3 billion post-money valuation. Opensea Raises $300 Million, Commands...
South Korean presidential candidate to use NFTs to raise funds for campaign
3.1.2022
Democratic Party presidential candidate Lee Jae-myung prepares to use NFTs to raise funds for his campaign in a bid to appeal millenials
Presidential Candidate in South Korea to Raise Funds in Cryptocurrency, Issue NFTs
3.1.2022
Lee Jae-myung, nominated by the ruling party in South Korea for the upcoming presidential elections this spring, is preparing to raise funds in cryptocurrencies and issue non-fungible tokens for supporters. His campaign hopes that the initiative will woo young and tech-savvy Korean voters whose...
South Korean Lawmaker Says He Will Start Accepting Crypto Donations in the New Year
1.1.2022
Lee Kwang-jae, a South Korean lawmaker, recently stated that he will be accepting cryptocurrency donations starting mid-January 2022. According to the politician, this plan represents his attempt to raise awareness about cryptocurrencies and non-fungible tokens among South Koreans. Donations to...
DAO aims to raise $5M to resurrect Blockbuster Video
30.12.2021
The BlockbusterDAO wants to raise at least $5 million to buy the iconic video rental brand from Dish Network and turn it into a streaming film studio
GenkoKishi and TrustPad Announce Strategic Partnership
27.12.2021
PRESS RELEASE. GensoKishi Online, which intelligently integrates GameFi with the popular MMORPG Elemental Knights, today announced a partnership with TrustPad, who will help promote GensoKishi on its popular platform and publicise this opportunity to its broad range of investors. TrustPad is...
Russian Government Allows Regions to Raise Electricity Rates for Crypto Miners
25.12.2021
The federal government in Moscow has permitted regions to determine local electricity tariffs for the population, a measure that will affect crypto mining at homes. Subsidized household electricity in Russia is often used to mint digital currencies in basements and garages. Regions in Russia...
Defi Marketplace and NFT Platform Arcade Raises $15 Million in Series A Funding Round
23.12.2021
The decentralized finance (defi) marketplace, non-fungible token (NFT) financialization platform, and lending application Arcade has announced the company has closed a Series A investment round for $15 million. Just recently, Arcade facilitated an onchain loan of $800,000 against an NFT portfolio...
Jack Dorsey and Elon Musk Raise Concerns Over Web3 as Skepticism About Ownership Grows
23.12.2021
Former Twitter CEO Jack Dorsey has ignited a debate about web3 after Tesla CEO Elon Musk criticized it. Dorsey warned of the risks from centralization, emphasizing that web3 is owned by venture capitalists (VCs), hiding under the premise of decentralization. “I’m concerned to...
South Africa’s Digital Bank Tyme Completes Series B Round With Additional $70M Capital Raise
18.12.2021
Tymebank, a South Africa-based digital bank, recently completed its Series B funding round with $70 million invested in the firm by Tencent and U.K. development financier, CDC Group. Funds to Support Tyme’s Expansion Into New Markets Tymebank, a digital bank from South Africa, recently...
KKR leads $350M raise for crypto custody bank Anchorage Digital
15.12.2021
The raise marks the first time investment giant KKR directly invested in a cryptocurrency firm
Assembly announces $100M capital raise, receives praise from IOTA co-founder Dominik Schiener
10.12.2021
“Assembly addresses the limitations of current scaling solutions by using the feeless base layer of IOTA as an immutable trust anchor and as a trustless bridge for feeless interoperability of smart contracts,” said Schiener
Former Facebook engineers at Mysten Labs raise $36M for Web3 infrastructure
6.12.2021
“We believe fundamental limitations in existing crypto infrastructure are frustrating broader adoption of web3,” said Mysten’s team, citing the scalability of existing chains as well as the lack of interoperability of many smart contracts
Alameda Research leads $35M fund raise for crypto trading app Stacked
6.12.2021
Launched in April 2020, Stacked is a web-based app allowing users to access trading strategies via pre-built stacks
British Security Think Tank’s Report Warns NFTs Could Bolster Money Laundering Schemes
4.12.2021
The Royal United Services Institute (RUSI), the British defense and security think tank, questions whether or not non-fungible token (NFT) assets can be used for money laundering purposes. The report determines that in order to mitigate the money laundering risks a ‘know your...
Elizabeth Warren Queries Bitcoin Mining Operation, US Senator Says Crypto Miners Raise Environmental Concerns
4.12.2021
Senator Elizabeth Warren has written a letter to the CEO of the New York bitcoin mining firm Greenidge Generation, Jeff Kirt, asking for details on the company’s emissions. Warren’s letter insists “Greenidge and other [bitcoin mining] plants raise concerns about their impacts...
Maven 11 Capital raise $120M in secondary funding round
2.12.2021
The Dutch investment firm consists of a wide array of blockchain-centric entrepreneurs, investors and builders looking to uncover the next major crypto plays
Blockchain security firm CertiK approaches unicorn status following $80M raise
1.12.2021
As cryptocurrency markets and DeFi become more lucrative, blockchain companies have recognized a growing need for security
Galaxy Digital Plans to Raise $500 Million in Debt Market to ‘Accelerate Growth Initiatives’
30.11.2021
Galaxy Digital Holdings Ltd. has revealed the firm is looking to raise $500 million in an exchangeable senior note offering. The investment company, founded by billionaire investor Mike Novogratz in January 2018, aims to use the funds to “accelerate growth initiatives across its business...
Galaxy Digital raises $500 million in convertible debt to fund business expansion
29.11.2021
The move comes after the company increased its net profits by over ten-fold in the last quarter