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Lava Network Raises $15 Million in Seed Funding, Introducing Magma


Lava Network has successfully secured $15 million in a seed funding round, introducing the next phase of the mainnet. According to a recent blog post by Lava Network, the seed funding round was co-led by Tribe Capital, Jump Capital, and Hashkey Capital. Alliance DAO, Node Capital, North Island...

Crypto Funding Picks Up As Bitcoin Bull Run Sparks Fresh Interest


Crypto’s comeback year is getting even better, as venture capitalists are reentering the funding arena. Breaking a downward trend, VC investment in crypto startups climbed 2.5% to $1.9b in Q4 2023, marking the first such rise since Q2 2022, PitchBook data published Thursday showed. Though still...

Canada Market Favors Crypto and Blockchain Investments Over Others in 2023


Although investments in Canadian fintechs slowed down in 2023, crypto and blockchain-related investments dominated the scene. KPMG’s global Pulse of Fintech report published Tuesday found that VC-backed investments comprised over three-quarters of all deals, totaling 83 transactions valued...

Tether Leads Crypto Mobile App Oobit’s $25 Million Series A Funding


Tether announced today that it led a $25 million Series A funding round for crypto mobile payments app Oobit. Crypto’s biggest stablecoin issuer said the funding will contribute to Oobit’s ongoing development. The mobile app enables users to tap and pay for goods and services with their...

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