City Electric Financial News

22.09 / 20:33

business hacks Funding Venture Capital BUG Framework Bug Bounty Crypto bug bounty platform Immunefi raises $24M led by Framework Ventures

Web3 bug bounty and security services platform Immunefi has closed a $24 million Series A funding round, putting the company on track to scale its in-house capacity amid widespread vulnerabilities in the blockchain industry.

18.09 / 19:27

business Technology Adoption Gaming NFTs will bring crypto to billions of users, explains VC investor

Avichal Garg, the CEO and co-founder of Electric Capital, defines himself as “an NFT maximalist” – who believes that nonfungible tokens (NFTs) will play an essential role in bringing crypto to the masses. Unlike other crypto niches, NFTs are relatable to aspects of everyday life such as art, music and games.

05.08 / 12:37

Ethereum ETH Ethereum: Going long on ETH? You are duty-bound to read this

Since 2016, over 44 million contracts have been deployed on Ethereum [ETH]. Interestingly, the number has been on the rise.

22.06 / 00:13

business Blockchain Adoption valuation Solana NFT Solana NFT marketplace Magic Eden closes $130M Series B round at $1.6B valuation

On Tuesday, Magic Eden, a popular nonfungible tokens (NFTs) platform on the Solana (SOL) blockchain with 112,927 SOL ($4 million) in 24-hour trading volume, announced that it had closed a Series B round for $130 million. The funding round was led by investors such as Electric Capital, Greylock, Lightspeed Venture Partners, Paradigm and Sequoia Capital valued the firm at $1.6 billion.

10.06 / 23:03

defi solana DAO Finance Redefined: Number of DAOs surge, Solana launches $100M DeFi fund

This past week, the decentralized finance (DeFi) ecosystem was ruled by decentralized autonomous organizations and new fund launches for the growth of the Web3 ecosystem. The total number of DAOs surged by eight times while Solana launched a $100 million DeFi fund.

10.06 / 09:13

Adoption defi DAO Voting Number of DAOs increases 8X along with spike in votes and proposals

The total number of decentralized autonomous organizations (DAO), the number of governance proposals put forward, and the number of votes cast, have all seen astounding 8X growth over the past 12 months.

25.05 / 21:37

business Blockchain Ethereum Bitcoin Andreessen Andreessen Horowitz closes $4.5 billion crypto fund amid market turmoil

Even though crypto markets appear to be on a long, arduous path ahead based on recent weeks of token turmoil, venture investors looking to get their hands on a Web3 future aren't slowing down.

25.04 / 18:51

Blockchain Ethereum Provident Verizon Why Interoperability is Key for Web3

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

13.04 / 12:45

Blockchain Mobile SWEAT: The Token to Convert Steps, Movement into Crypto

Sweatcoin plans to inspire people to live healthier lives by introducing a new token.

08.04 / 07:47

Stablecoin Adoption defi Terra reserves Terra buys $200M in AVAX for reserves as rival stablecoins emerge

Terraform Labs (TFL) and the Luna Foundation Guard (LFG) have announced they have purchased a combined $200 million worth of AVAX tokens from the Avalanche Foundation.

11.02 / 02:59

Blockchain Ethereum Platform Airlines Many of Ethereum's Rivals Begin to Crumble While Some Still Shine

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

03.02 / 17:26

Blockchain Ethereum Adoption Bitcoin Time Web3 developer growth hits an all-time high as ecosystem matures

“Web3” may be one of the biggest buzzwords of 2022, but the idea of creating an entirely decentralized platform to host decentralized applications has long been a vision of the crypto community. While it’s notable that some blockchain companies began building out Web3 applications four or five years ago, the Web3 space has only started gaining traction recently.

15.01 / 01:35

Blockchain Technology Adoption Bitcoin Stacks ecosystem becomes #1 Web3 project on Bitcoin

On the first anniversary of the launch of Stacks blockchain (STX), which seeks to make Bitcoin (BTC) programmable, the network achieved over 350 million monthly API requests, 40,000 Hiro (development tool for Stacks to build applications on Bitcoin) wallet downloads, and 2,500 Clarity smart contracts. According to a report by Electric Capital, a venture capital firm focused on cryptocurrencies and fintech, these statistics make Stacks the largest project on Bitcoin.

06.01 / 12:41

Ethereum Cardano Tezos Bitcoin Number of Devs on Solana, Polygon, Cardano & Co Growing Faster Than on Ethereum

Looking at the number of developers, blockchain platforms known in the crypto community as "Ethereum Killers" are growing at a faster rate than Ethereum (ETH) did at similar points in its history. However, Ethereum is still by far the largest ecosystem, retaining 30% of full-time developers who have joined crypto since 2017.

06.01 / 06:55

cryptocurrency defi stablecoins Bitcoin fall Cryptocurrency Prices Today on January 6: Markets in red as Bitcoin, Ethereum fall

The global crypto market capitalisation fell substantially by 6.92 percent over the last 24 hours to $2.07 trillion while the total trading volume rose by 12.25 percent to $116.37 billion.

06.01 / 06:03

UPS Ethereum Developers Bitcoin Ethereum dominates among developers but competitors growing faster

The Ethereum ecosystem still has far more developers than rival networks, but they are catching up with a faster rate of growth.

06.12 / 23:03

business Facebook Funding Former Facebook engineers at Mysten Labs raise $36M for Web3 infrastructure

Mysten Labs, the research and development firm founded by former engineers from social media giant Facebook, has announced the completion of a $36 million funding round towards its goal developing a Web 3.0 infrastructure platform.

17.11 / 18:03

business Funding Venture Capital ConsenSys Blockchain unicorn ConsenSys valued at $3.2B following $200M raise

Blockchain infrastructure provider ConsenSys has reached a lofty valuation of $3.2 billion after closing a $200 million funding round, joining over a dozen other crypto-focused companies to reach coveted unicorn status this year alone.

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