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Federal Reserve raises interest rates by 0.5%. What does this mean for Chainlink (LINK) and crypto dark horse Orbeon Protocol (ORBN)?
22.12.2022
The US Federal Reserve has raised interest rates by 0.5%, a move that impacted Chainlink (LINK) heavily, as it struggled to find footing and slipped more than 11% following the FEDs decision. Orbeon Protocol (ORBN), a platform that mints fractionalized NFTs representing equity, is predicted to...
Bitcoin Development Company Layer 2 Labs Raises $3M to Bring Drivechains to Network
20.12.2022
The round, which was funded by angel investors, will provide capital for the company to implement innovative sidechain solutions on the Bitcoin network
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...
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...
Troubled Crypto Lender Amber Group Raises $300 Million Amid Layoffs and Refocusing Efforts
16.12.2022
Amid the ongoing cryptocurrency market downturn, troubled Asian crypto trading firm Amber Group has managed to collect some $300 million under its series C round, led by the US arm of blockchain-focused venture capital firm Fenbushi Capital US and joined by a number of crypto-native investors...
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
Crypto Trading Firm Amber Group Raises $300M Series C After FTX Contagion
16.12.2022
The collapse of FTX had impacted some of the trading firm's products and customers, increasing the need to quickly raise additional capital
Web3 Infrastructure Firm Blocknative Raises $15M for Ethereum Block Building Market
15.12.2022
The funding round was led by Blockchain Capital, Foundry Group and several other venture capital firms
DeFi Infrastructure Provider Sooho.io Raises $4.5M for Bridging Blockchains
13.12.2022
The South Korean company intends to use the funds to develop a range of blockchain tools for building decentralized finance applications that link the country's independent crypto networks
Bitcoin Miner Terawulf Raises $10M in Fresh Capital to Pay Down Debt, Restructures Deal With Bitmain
13.12.2022
On Monday, Dec. 12, 2022, the Maryland-based bitcoin mining company Terawulf announced that the firm has raised $10 million in capital to pay down debts. The firm also said that it restructured a deal with Bitmain which will enable the company’s self-mining capacity to expand and fully...
Bitcoin Mining Firm TeraWulf Raises $10M in New Capital to Repay Some of Its Debts
12.12.2022
The Maryland-based mining company also said it has restructured a previous agreement with Bitmain to add 8,200 new machines to its fleet
Binance's proof-of-reserves raises red flags: Report
11.12.2022
Corporate structure, Bitcoin liabilities and internal control quality are among the points of concern
Elon Musk: Recession Will Be Greatly Amplified if the Fed Raises Rates Next Week
11.12.2022
Billionaire Elon Musk, the CEO of Tesla and Spacex, has warned that the recession will be “greatly amplified” if the Federal Reserve raises interest rates again next week. He added that things will “probably start looking better” in the second quarter of 2024. Tesla CEO Elon...
Metagood raises $5 million toward positive social impact
9.12.2022
Metagood announces that it has raised $5 million from inventors, including Animoca Brands, Mark Yusko, and Freddie Andrewes. The objective is to expand the social impact that the for-profit NFT startup has created. Funds raised in the pre-seed round are deployed in three major areas: community...
Kenya-Based Bitcoin Mining Company Raises $2 Million in Seed Investment Led by Jack Dorsey-Owned Firm
9.12.2022
Gridless, a bitcoin mining company operating from Kenya, recently raised $2 million in seed investment from Block, a digital payments company owned by Twitter founder Jack Dorsey, and Stillmark. The bitcoin mining firm is reportedly planning to use the capital raised to fund its expansion into...
East African Bitcoin Miner Gridless Raises $2M Seed Round
6.12.2022
Web 3 Content Delivery Network Fleek Raises $25M
1.12.2022
Crypto-focused venture capital firm Polychain Capital led the round
Market Maker Keyrock Raises $72M Series B Amid FTX Contagion
30.11.2022
The liquidity provider, which closed the funding in September, had minimal exposure to the collapsed exchange
Cameroonian Fintech Ejara Raises $8 Million in Series A Investment Round
30.11.2022
Just over 12 months after raising $2 million, the Cameroonian fintech whose app allows users to buy and store crypto assets recently said it had received $8 million in its Series A investment round. According to Ruth Foxe Blader, partner at Anthemis, Ejara aims to become the one-stop platform where...
Kiln raises $17 million in Series a funding
29.11.2022
Kiln recently announced the conclusion of its Series A funding round. The platform collected over 17 million dollars with the help of names like Illuminate Financial, ConsenSys, Kraken Ventures, GSR, Leadblock Partners, Sparkle Ventures, etc. The news was shared through the official Twitter account...