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Crypto Startup Velar Plans Perpetual Swaps Exchange for Bitcoin DeFi After Raising $3.5M
1.2.2024
Crypto trading startup Velar raised $3.5 million to build a suite of DeFi tools for Bitcoin's nascent DeFi scene
Web3 Gaming Company Saltwater Raises $5.5M Seed Funding
1.2.2024
Saltwater closed its seed round on the heels of acquiring gaming developers Maze Theory, Nexus Labs and Quantum Interactive
Fintech Provider Portal Raises $34M Seed Round for Bitcoin-Based Decentralized Exchange
30.1.2024
Portal aims to offer a decentralized infrastructure for peer-to-peer swapping of BTC across different blockchains without the need for intermediaries, which heighten the risk of hacks
Axiom Secures $20 Million in Series A Funding Round
27.1.2024
Axiom announced a $20 million Series A funding round led by Paradigm and Standard Crypto. The company’s approach uses zero-knowledge cryptography to provide a more efficient and cost-effective method for smart contract developers to access and use on-chain data. Axiom Secures $20 Million...
Core DAO Launches $5 Million ‘Innovation Fund’ to Support Africa-Based Web3 Developers
26.1.2024
Core DAO, the foundation supporting Core Chain protocol, said on Jan. 24 that it has launched a fund to “provide resources and networks to support African Web3 builders.” Brendan Sedo said since much of Core DAO’s community is in Africa, it therefore made sense to launch a fund that...
Sygnum Bank Surpasses $40 Million in Strategic Funding Round
26.1.2024
Sygnum Bank has outperformed its funding expectations in a strategic growth round. The company’s focus now shifts to global expansion and further development of its regulated digital asset products. Sygnum Surges Past Funding Goals, Reaching $900 Million Valuation in Latest Round Digital...
Digital Asset Platform Web3Intelligence Raises $4.5M Ahead of New Token Rollout
25.1.2024
The private funding round included participation from DAO MAKER, Shima Capital, and Gate.io among other investors
Crypto VC Deals in 2023 Plunged 70% on Funding Constraints
25.1.2024
Crypto venture capital (VC) funding dropped 70% in 2023, securing only about $10b in deal value. That’s a drop from nearly $32b in 2022, which had nearly 90% more deals. Galaxy Digital published a report Wednesday showing venture deal activity in the crypto sector last year. It revealed...
Ethereum Interoperability Hub Polymer Raises $23M Series A Funding From Marquee Investors
23.1.2024
The funding round was co-led by Blockchain Capital, Maven 11 and Distributed Global and included contributions from Coinbase Ventures, Placeholder and Digital Currency Group
'One-Stop Station' Digital Identity Service Root Protocol Raises $10M Seed Funding
19.1.2024
The funding rounds, which gave Root a $100 million valuation, were led by Animoca Brands and included contributions from a slew of other notable investors
Study: Venture Capital Investments in Top Ten Web3 Projects Were 70% Lower in 2023
16.1.2024
In 2023, the top ten Web3 projects collectively raised $1.78 billion in funding, a figure which is 70% lower than the $5.87 billion raised in the previous year, the findings of a new study have shown. The findings also show that Web3 projects were able to attract $9 billion in capital with...
Bitget Launches $10M Fund to Support Female Led Startups in Web3
16.1.2024
Cryptocurrency exchange Bitget has launched a new initiative dubbed the “Blockchain4Her” group which aims to support female-led businesses. It is no secret that the blockchain and Web3 sector has been historically male-dominated. Blockchain4Her will launch incubation programs tailored...
Hedera Council Boosts Blockchain Innovation With Billions in HBAR
16.1.2024
The Hedera Council announces an allocation of 4.86 billion HBARs, primarily focused on bolstering initiatives like the HBAR Foundation, Hashgraph Association, and DLT Science Foundation. Hedera Council Commits 4.86 Billion HBARs In a move towards enhancing its network and decentralized governance...
Web3 Fundraising Fell 70% Per Quarter Last Year, Female Startups Receive 6.3%: Bitget
11.1.2024
Source: AdobeStock / Rafael Henrique Cryptocurrency exchange Bitget has released a report on blockchain funding across 2022 and 2023 highlighting the latest trends including gender disparities in the present VC ecosystem. In a Jan 11 release, the exchange revealed that blockchain startups have...
Blockchain Association to Elizabeth Warren: Crypto Can Potentially Disrupt or Compete With ‘Too Big to Fail’ Banks
11.1.2024
The Blockchain Association has rejected U.S. Massachusetts Senator Elizabeth Warren’s claims that former security officials collaborating with it seek to weaken the country’s “ability to catch and prosecute America’s enemies.” According to the nonprofit organization, ex-U.S....
Hedera-Based Tune.FM Raises $20M for Artist-Friendly Web3 Music Platform
10.1.2024
Tune.FM provides musicians with a platform to receive micropayments for streaming in its native JAM token (JAM)
Nigerian Payments Fintech Startup Cleva Secures $1.5 Million in Pre-Seed Funding
10.1.2024
The Y Combinator-backed Nigerian fintech startup has reportedly raised $1.5 million in pre-seed funding. Tolu Alabi, the CEO of Cleva, expressed confidence in her and fellow co-founder Philip Abel’s ability to navigate the competitive fintech market, citing their background as a factor that counts...
Cameroonian Fintech Startup Koree Secures $200,000 in Pre-Seed Funding
9.1.2024
The Cameroonian fintech startup Koree recently secured $200,000 in pre-seed funding which was led by the co-founder of the Nigerian payments company Duplo. The fintech said it will use the funds raised to launch a marketplace that rewards users for the purchases they make. Users Rewards...
Bitcoin Bullish Bets Costlier Than Ever as Funding Rates Hit Record 66%
2.1.2024
Data tracked by Matrixport show global average perpetual funding rates rose to a record 66% annualized early Monday
Long Crypto Traders See $190M in Losses as Bitcoin Retreats After Apparent Mt.Gox Repayments
27.12.2023
Some $45 million stemmed from altcoin futures in an unusual move – with bitcoin accounting for a relatively lesser $36 million in liquidations