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Axelar officially raises $60M seed funding for future Web3 leaders
20.12.2022
Axelar, which happens to be a prime entity related to infrastructure projects which offer safe and secure interchain communication, has officially announced putting aside an amount of $60 million in the form of funding. However, this has been done through the Axelar Ecosystem Startup Funding...
FTX warns it will claw back political donations and contributions
20.12.2022
The exchange warned those who received payments from FTX or its former executives that it's looking to recover funds even if they were donated to charity
Polychain Leads $7M Funding for Hardware Wallet Developer Foundation Devices
19.12.2022
The Bitcoin-focused startup offers the Passport hardware wallet and Envoy mobile app
Web3 Privacy Layer Aztec Raises $100 Million in Series B Funding Round to Produce an Encrypted Version of Ethereum
19.12.2022
Aztec, a Web3 privacy layer, has raised $100 million in a Series B funding round led by the Andreessen Horowitz subsidiary a16z crypto. The organization, which already offers privacy-based services for a slew of Ethereum-based apps, will now focus on constructing an encrypted version of Ethereum...
Bitvavo to prefund locked DCG assets worth $296.7M amid liquidity crisis
17.12.2022
The Digital Currency Group and its affiliates (DCG) cited liquidity problems as it suspended repayments, temporarily halting users from withdrawing their funds
Democrats to reportedly return over $1M of SBF's funding to FTX victims
17.12.2022
Three democratic committees, the DNC, the DSCC and the DCCC, pledged to return SBF’s political donations after the entrepreneur was charged with eight counts of financial crimes
Total crypto market cap takes another hit, but traders remain neutral
16.12.2022
The total crypto market cap is at risk of falling below $825 billion, but data shows traders actively adding to their longs and shorts
Ren DAO to plan on minting new funding tokens
16.12.2022
Ren DAO, at present, is deliberating on whether to go in for the minting of fresh funding tokens following the collapse of Alameda. According to their belief and understanding, with the aid of these minted tokens, the Ren Foundation can then duly take advantage of the situation and arrive at...
Amber Group raises $300M to recover from FTX contagion
16.12.2022
The new funding from Fenbushi aims to help Amber address some of the “significant drawdowns” as an aftermath of the FTX default
The VC-dominated crypto funding model needs a reboot
15.12.2022
Venture capital firms have a tendency to dump tokens and collapse prices. Community-based funding models could fix the problem
Jack Dorsey Gives Decentralized Social Network Nostr 14 BTC in Funding
15.12.2022
The former Twitter CEO has donated roughly 14 BTC worth $245,000 to fund Nostr's development, after recently publishing his views on a native internet protocol for social media
Aztec Network secures $100 million in Series B funding led by a16z
15.12.2022
With the funds, Aztec Network plans to hire more engineers and build a new encrypted blockchain
Web3 game DOGAMÍ secures $14M total funding
13.12.2022
DOGAMÍ's team says it hopes to develop the first Web3 mobile game for mainstream audiences
Report: Chipper Cash Valuation Dropped to $1.25 Billion After it Secured Additional Funding From FTX
10.12.2022
After Chipper Cash ended 2021 as one of Africa’s most valued fintechs, the FTX-backed startup’s valuation dropped from $2 billion to $1.25 billion after it reportedly received a $35 million simple agreement for future equity (SAFE) grant from the now-collapsed crypto exchange FTX....
Optimism announces 2nd round funding for Retroactive Public Goods
9.12.2022
Optimism has taken to Twitter to share the news about its upcoming Retroactive Public Goods Funding round. It is tentatively scheduled to go live in February next year with the initial distribution of 10M OP. The distribution will be done among people and projects responsible for powering...
Alameda-Funded Ren Tells Users to ‘Bridge Back to Native Chains’ as It Sunsets 1.0 Platform
8.12.2022
According to the team behind the open protocol Ren, developers are winding down the Ren 1.0 network following the FTX and Alameda Research collapse. Last year, under previous Ren leadership, Alameda acquired Ren and was funding development every quarter. On Dec. 7, 2022, Ren developers warned...
Australian CBDC receives unexpected interest but could hurt banks: RBA
8.12.2022
The pilot "eAUD" program is unique in that the Reserve Bank of Australia has not proposed use cases, and has received numerous suggestions from the industry
Gate.io pledges $100M to revive crypto and rebuild investor confidence
7.12.2022
With investors moving their funds away from exchanges into self-custody, market liquidity concerns are an immediate threat to struggling crypto businesses
Blockstream raising funds for mining at 70% lower company valuation
7.12.2022
CEO Adam Back said the fresh funding will be invested into expanding the firm’s mining capacity
Web3 Blockchain Gaming Project Oasys Closes Strategic Funding Round With Participation of Galaxy Interactive and Nexon
6.12.2022
Oasys, a Gamefi-oriented Web3 blockchain project, has announced it has closed a strategic funding round led by Galaxy Interactive, a VC firm, and Nexon, a gaming company. The round, whose numbers were not disclosed, will allow the company to enhance its ecosystem by expanding its pool of partners...