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Nuqtah completes first seed funding round led by Animoca Brands
16.3.2023
Nuqtah, the first NFT marketplace in Saudi Arabia, completed its first seed funding round. The round was led by Animoca Brands, with participation from Polygon and several local investors. The funds collected from the seeding round will be utilized to scale Nuqtah’s business in the upcoming...
Payments Processor Stripe Secures $6.5B in Funding at $50B Valuation
16.3.2023
Stripe's valuation has fallen about 47% from its 2021 fund raise of $95 billion
VC-Backed NFT Social Platform Metalink Launches Mobile App
15.3.2023
Backed by notable Web3 figures like Guy Oseary, Gary Vaynerchuck and Moonpay CEO Ivan Soto-Wright, Metalink aims to be the first mobile platform where NFT collectors can talk, track and transact
KuCoin Has Closed a $10M Funding Round Into CNHC. But Is the Offshore Yuan Right for a Stablecoin?
15.3.2023
Circle Ventures, the venture arm of the USDC-issuer, and IDG Capital also joined the round
KuCoin leads $10M funding for Chinese yuan stablecoin issuer
15.3.2023
Circle’s investment arm has joined a funding round for CNHC, the issuer of the eponymous stablecoin pegged to the offshore yuan
Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks
14.3.2023
After the failure of three major U.S. banks last week, with two of them being the second and third largest banking failures in the country, Moody’s Investors Service has downgraded the rating of the U.S. banking system from “stable” to “negative.” As one of...
ORBS Token Rises After DWF Labs Invests $10M
14.3.2023
The market maker has invested in the Orbs Network through a new token sale
Bitcoin Nears $25K as Interbank Funding Stress Indicator Surges to Highest Level Since COVID Crash
14.3.2023
Banking sector stress strengthens the case for Fed pause next week. Likely beneficiaries from the financial stress are gold and bitcoin, one observer said
US Fed faces internal probe over Silicon Valley Bank failure
14.3.2023
Federal Reserve chair Jerome Powell said a "careful and thoughtful" review is needed to understand how the bank collapsed under its watch
Binance GBP Funding On/Off-Ramp to be Suspended in May
13.3.2023
The change will affect less than 1% of Binance customers, the exchange says
NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout
13.3.2023
On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the U.S. Federal Reserve, Treasury Department,...
US Fed announces $25B in funding to backstop banks
13.3.2023
The Federal Reserve established a funding program for banks, making $25 billion available to eligible firms in a bid to avoid further banking liquidity issues
South Korea launches Metaverse Fund to expedite domestic initiatives
12.3.2023
With the help of the Metaverse Fund, South Korea will support the mergers and acquisitions of various firms from the metaverse ecosystem
Crypto funding shifts from CeFi to DeFi after major collapses: Finance Redefined
10.3.2023
The majority of the DeFi tokens in the top 100 traded in the red on the weekly charts due to a downturn in the broader financial market
Digital Art Platform and Residency Program Wildxyz Raises $7M
9.3.2023
Notable investors such as Reid Hoffman, Gwyneth Paltrow and Cozomo de Medici participated in the seed funding round
Zero-Knowledge Crypto Startup Proven Raises $15.8M in Seed Round
9.3.2023
Framework Ventures led the seed round for the firm, which was founded by former employees of market maker Jane Street
Crypto Payroll Startup Toku Raises $20M
8.3.2023
Blockchain Capital led the round for the firm, which also offers tax compliance solutions
Transform Ventures launches holding company for blockchain with $100M AUM
8.3.2023
Transform Ventures was founded by Michael Terpin, a crypto investor who previously sued a New York teenager for $71.4 million in damages for allegedly snatching cryptocurrency from his phone
Hexa Raises $20.5 Million to Take Real Objects to the Metaverse
8.3.2023
Hexa, a 3D modeling company, has raised $20.5 million in its latest funding round to facilitate the task of bringing products into the metaverse. This new injection will ostensibly allow the company to expand its current workforce involved in engineering and business tasks, to improve the workflow...
Web3 app Kresus raises $25M to bridge consumers to blockchain
7.3.2023
Kresus’ SuperApp aims to bridge more everyday consumers to digital goods, NFTs and other Web3 products and services