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Korean Incubator Hashed Raises $200 Million for Web 3.0 Investments
3.12.2021
Hashed, a Korean blockchain VC firm, has announced the launch of Hashed Venture Fund II, a new fund that will focus on investing in Web 3.0-based startups. The fund raised $200 million for these investments, and while the company did not disclose those who participated, it did announce it will...
Jurors in Billion-Dollar Bitcoin Trial Deadlocked for Days — Hung Jury Could Lead to Mistrial
3.12.2021
Jurors in the Kleiman v. Wright trial are currently unable to come to a decision on the high-profile billion-dollar bitcoin lawsuit in Florida. While the judge has told the jury to take time deliberating the case, on Wednesday, the jurors issued a statement that explained they could...
Exploit Allows Hackers to Siphon $120 Million From Defi Protocol Badgerdao
2.12.2021
The decentralized autonomous organization (DAO) called Badgerdao has disclosed that it has “received reports of unauthorized withdrawals of user funds.” The analytics team Peckshield estimates that over $120 million was siphoned in the Badgerdao breach. Badgerdao Suffers $120 Million...
Founder of Coin Signals Funds Pleads Guilty in Crypto Scam — Faces up to 10 Years in Prison
2.12.2021
The founder and manager of several cryptocurrency funds has pleaded guilty to luring investors to his crypto investment scam. His funds consistently lost money and his scam left investors with a $5 million loss, according to the U.S. Department of Justice (DOJ). Investors Scammed Into Investing...
$7.5 Million NFT Collection Accused of Using Art Without Permission Threatened by Legal Action
1.12.2021
While non-fungible token (NFT) assets have been extremely popular in 2021, there’s been a slew of issues tied to the ecosystem as well. A recent report indicates that roughly a dozen artists are considering taking legal action against an NFT collection called “Art Wars” because...
Dex Aggregator 1inch Network Raises $175 Million in Series B Funding Round
1.12.2021
1inch Network, the decentralized exchange (dex) aggregation project, has announced the company has raised $175 million in a Series B financing round. According to the announcement, the fresh new capital will be leveraged to scale the team, foster additional 1inch token utilities, and build...
Wintermute Announces $20 Million Fund to Support Polygon Dapps
1.12.2021
The Background With a belief to decentralize the financial sector, Wintermute has been in presence since 2017. It sees the future of finance to be governed by technology instead of traditional players. Wintermute operates across the globe. Wintermute is an algorithmic trading firm. The regular...
2TM, Mercado Bitcoin’s Holding Company, Raises $50.3 Million in Second Closing of Series B Funding Round
1.12.2021
2TM, a Brazilian fintech unicorn that is the holding company of Mercado Bitcoin, one of the leading crypto exchanges on the continent, has closed its Series B funding round again, raising an additional $50 million. The funding round was led by U.S.-based 10T and Tribe Capital, with...
Borderless Capital launches half billion dollar fund for Algorand projects
1.12.2021
Borderless Capital is looking to use its $500 million fund to back projects powering the “next generation” of decentralized projects on the Algorand blockchain
Bitcoin Mining Company Griid Plans for Public Listing on NYSE via SPAC Deal
30.11.2021
After the vertically integrated bitcoin self-mining company Griid revealed it secured a $525 million credit facility from Blockchain.com, the company revealed it plans to go public via a special purpose acquisition company (SPAC) deal. Griid will be listed on the New York Stock Exchange (NYSE)...
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...
BlockchainSpace Lands $2.4M in Strategic Funding to Onboard 20,000 New Guilds in the P2E Metaverse
30.11.2021
BlockchainSpace, a guild hub for play-to-earn (P2E) communities, announced a $2.4 million strategic funding round today. Coming hot on the heels of last month’s seed round, the funds will be used to onboard the next 20,000 guilds worldwide and accelerate growth in the rapidly expanding NFT gaming...
Colony Raises $18.5 Million To Fuel Next-Gen Applications In The Avalanche Ecosystem
30.11.2021
Colony, a community-driven accelerator, is evolving into a decentralized autonomous organization that’s aiming to generate rapid growth in the Avalanche ecosystem, announcing it has raised $18.5 million in seed funding. The round was led by The Avalanche Foundation and saw participation from Shima...
Report: Nigerian Fintechs Account for Nearly 91% of $417.5 Million Raised by Tech Startups in the Country
30.11.2021
According to an analysis of the $417.5 million that was raised by Nigerian tech startups during the first nine months of 2021, fintech firms accounted for about $379 million or 90.78% of the total. Nigerian Fintechs Dominate the African Continent Nigerian fintechs currently account for more than...
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
MicroStrategy purchases $414.4 million worth of Bitcoin, with total BTC balance eclipsing $3.5 billion
29.11.2021
The business data analytics firm has been investing in BTC since August 2020
ADACash Shells Out $1.5 Million Rewards to Users One Month Into Operation
29.11.2021
Encouraging news for staking market participants comes around as the ADACash rewarding staking project for the Cardano network released a report detailing over $1.5 million in payouts issued to ADACASH reward token holders. The report highlights that the payout in excess of $1.5 million...
Nigerian Crypto Exchange Raises Over $4 Million in Latest Funding Round
26.11.2021
A Nigerian crypto exchange, Busha, recently raised over $4 million in a funding round led by Jump Capital. Busha, a Nigerian cryptocurrency exchange, is reported to have raised a $4.2 million seed funding round recently. These funds, according to the exchange, will be used to expand its operations...
1 million Shiba Inu users can't be wrong... can they?
26.11.2021
With over one million token holders, Shiba Inu looks set for great things ahead, despite trading more than 50% below its all time high
Jury to Decide Fate of Billion-Dollar Bitcoin Lawsuit Involving Craig Wright
25.11.2021
On Tuesday, November 23, the closing arguments for both sides of the Kleiman v. Wright trial finished and now ten jurors will decide the fate of the billion-dollar bitcoin lawsuit. While Craig Wright claims he’s Satoshi Nakamoto, he also insists the now-deceased Dave Kleiman did not help...