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Africa-Focused Remittances Fintech Zazuu Shut Downs After Failing to Secure Additional Funding
21.11.2023
An Africa-focused remittances firm, Zazuu, has become the latest fintech startup to close shop after it failed to raise extra funding. Zazuu and other African fintechs’ funding problems are said to be linked to the collapse of Silicon Valley Bank in the U.S. Zazuu Shuts Down Just Over a Year...
Bitcoin-Focused Ordinals Project Taproot Wizards Raises $7.5M in Seed Round
16.11.2023
Taproot Wizards, which describes itself as "magic internet JPEGs", offers a collection of Microsoft Paint images of wizards harking back to a 2013 bitcoin meme: "magic internet money."
Blockchain.com $110M funding round halves its 2022 valuation: Report
15.11.2023
Despite new investment in the crypto exchange, Blockchain.com’s valuation has more than halved from its $14 billion peak
Owner of Hong Kong crypto exchange OSL secures $90M investment
14.11.2023
BC Technology Group, the operator of Hong Kong’s publicly listed crypto exchange OSL, has raised $90 million in subscriptions for new shares from BGX
Goldman Sachs leads $95M funding round for blockchain payment firm Fnality — Report
14.11.2023
With $158 million of total capital raised since 2019, Fnality plans to launch the Sterling Fnality Payment System in 2023, subject to approval by the Bank of England
Latam Insights: Unlicensed Crypto Exchanges Still Allowed to Operate in Brazil, Lightning Strikes Salvadoran Bitcoin ATMs
14.11.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Central Bank of Brazil confirms that unlicensed exchanges can still operate in the country; El Salvador will integrate Lightning Network transactions...
Asia Fund Picks Up Majority Stake in The Block, Buys Out Shares Tied to Sam Bankman-Fried Loan
13.11.2023
Singaporean venture capital firm Foresight Ventures has bought a majority stake in The Block, with the crypto media outlet being valued at $70 million
Standard Chartered’s SC Ventures Partners With SBI to Establish Digital Asset Joint Venture in UAE
11.11.2023
Standard Chartered’s ventures arm, SC Ventures, and Japanese conglomerate SBI Holdings are collaborating to establish a digital asset joint venture in the United Arab Emirates (UAE). “The joint venture will focus on investing in companies across the digital assets spectrum including...
Solana price hits a new 2023 high — What’s behind the SOL rally
10.11.2023
SOL hit its highest price since May 2022, possibly due to an uptick in DApp use and a few other key factors
Crypto-Focused VC Lightspeed Faction Announces $285 Million Fund for Startups
10.11.2023
Source: Shutterstock Lightspeed Faction, a blockchain-focused venture capital (VC) firm, has revealed plans to launch a new $285 million fund aimed at investing in early-stage projects within the crypto industry. The VC, consisting of team members from prominent entities including Amber Group...
Venture Capital Lightspeed Faction Starts $285M Fund for Blockchain Startups
9.11.2023
The new fund will focus mainly on early-stage crypto projects, participating in seed-stage and Series A funding rounds
Ritual Raises $25M for AI Decentralization, Targets Universal Access with DeFi Integration
9.11.2023
Ritual raises $25M to build a decentralized AI network. Image by ipopba, Adobe Stock. Ritual, a startup building a decentralized platform for artificial intelligence, has raised $25 million in a seed funding round. The funding was led by venture capital firm Archetype, with participation from Robot...
Artificial Intelligence Platform Ritual Looks to 'Decentralize Access to AI' With $25M Backing
8.11.2023
Ritual's aim is to open access to the infrastructure that lies behind AI innovation, which at present "lies in the hands of a few powerful companies."
How decentralized platforms democratize crypto funding initiatives
8.11.2023
Kriss Baird, the principal figure of Cardano’s Project Catalyst, spoke with Cointelegraph about the initiative, the extent of the collective’s involvement in shared resources and the direction of the platform’s development
IBM launches $500M fund to develop generative AI for enterprise
7.11.2023
The new fund follows IBM’s participation in a $235M series D funding rounding in August for generative AI firm Hugging Face
Crypto VC Funding Slowed Last Week as $35M Raised in 9 Deals Including Uniswap DAO
7.11.2023
Summary of blockchain project fundraising for the week of Oct. 30 to Nov. 3. Highlights included a $12M raise for Ekubo Protocol and $6.3M for the AI-based blockchain project Modulus
Smart Contract Platform Llama Raises $6M From Investors Including Polygon, Aave Founders
6.11.2023
Llama aims to make governance of blockchain protocols more effective by enabling protocols to encode roles and permissions to take on-chain actions
Modulus Labs Completes $6.3 Million Funding to Integrate Cryptographic Security Into AI
2.11.2023
Artificial Intelligence (AI) startup Modulus Labs, a project that integrates AI and crypto, has raised $6.3 million in seed funding. The project announced the launch of its formal debut on Wednesday, following the funding round, led by key crypto investors. The platform is backed by crypto venture...
Crypto Venture Funds Variant, 1kx Lead $6M Funding Round for ZK-Meets-AI Startup Modulus
1.11.2023
The funding will be used for the company’s ambitions in zero-knowledge machine learning, combining aspects of zero-knowledge cryptography with artificial intelligence or AI
Google to invest another $2B in AI firm Anthropic: Report
28.10.2023
Google has already invested $500 million as part of the deal, while the outstanding $1.5 billion will be paid over time, according to the Wall Street Journal