City Venture Financial News
27.10 / 21:41
business
Developers
Funding
Venture Capital
Support
Celo ecosystem projects raise $77.3M in support of interoperability, ReFi
Projects building on the Celo blockchain have collectively raised $77.3 million in support of various business initiatives, underscoring the growing adoption of the payments-focused developer network.
27.10 / 20:47
Blockchain
UPS
Twitter
Bitcoin
Andreessen
Andreessen Horowitz Flagship Crypto Fund Down 40% This Year
Venture giant Andreessen Horowitz’s (a16z) flagship crypto fund has fallen 40% in the first half of this year alone, after it was set up as the crypto market peaked, according to a new report.
26.10 / 19:33
business
Investments
Venture Capital
Research
Q3
NOT
Venture capital recedes from crypto in Q3, but not all is bleak: Report
In 2022, it’s no surprise that most assets are in a bear market. People have a variety of signals they look for when determining a good time to enter the market, and Cointelegraph Research’s Venture Capital Report for Q2 revealed that VC inflows stagnated at just above $14 billion last quarter, the same as Q1.
22.10 / 22:49
business
wallet
Funding
avalanche
EVM
VC Roundup: Web3 dev, EVM sharding and crypto banking headline blockchain funding deals
Web3 dominance within crypto funding rounds has been well documented by Cointelegraph Research. In addition to the Web3 mega funds announced recently, venture capital has also been making smaller, more targeted investments in the sector. In this week’s Venture Capital (VC) Roundup, we chronicle the latest Web3 funding initiatives and draw attention to a sharding platform, nonfungible token (NFT) marketplace, crypto banking solution and co-ownership infrastructure provider.
20.10 / 00:57
business
Adoption
security
Celestia
Celestia Foundation raises $55M for modular blockchain architecture
Celestia Foundation announced on Oct. 18 that it had raised $55 million in a funding round led by Bain Capital Crypto, Polychain Capital, Placeholder, Galaxy, Delphi Digital, Blockchain Capital, NFX, Protocol Labs, Figment, Maven 11, Spartan Group, FTX Ventures, Jump Crypto, and angel investors; Balaji Srinivasan, Eric Wall, and Jutta Steiner.
18.10 / 19:37
Research
Bitcoin Price
Bitcoin, venture capital and security tokens flash green: Report
The blockchain industry does not exist in a bubble. The impact of the rest of the world’s economic turmoil seems to be stomping all over the progress of the “blockchain revolution.” Traditional markets like the S&P 500 index crashed by more than 11.5% in September, while the tech-heavy Nasdaq 100 index plummeted by 12.5%. However, Bitcoin (BTC) may have seen a decoupling, having only dropped 3% during this same period.
18.10 / 14:13
business
Gaming
Funding
Venture Capital
Web3 infrastructure firm ChainSafe raises $18.75M as attention shifts to GameFi
Canadian Web3 infrastructure company ChainSafe has closed an $18.75 million funding round that was backed by prominent industry venture firms, putting the company on track to expand operations at a time when demand for blockchain infrastructure and gaming services was on the rise.
17.10 / 18:00
Blockchain
Waves
Cooper
CEO
seed funding
Blockchain Security Company Hexens Raises $4.2 million in Seed Funding Led by IOSG Ventures
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
13.10 / 19:15
business
DEX
Funding
Uniswap
Uniswap Labs raises $165M as attention shifts to NFTs, Web3
Decentralized exchange Uniswap Labs has raised $165 million in a Series B funding round that had participation from some of blockchain's biggest venture firms, putting the company on track to expand into other crypto-focused domains.
11.10 / 17:43
Blockchain
Waves
Cooper
CEO
seed funding
Blockchain Security Company Hexens Raises $4.2 Million in Seed Funding Led by IOSG Ventures
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
05.10 / 17:55
business
Gaming
Funding
Sky Mavis
Skyweaver's parent company secures $40M in Series A funding
Horizon Blockchain Games, the developer behind the Skyweaver game, has raised $40 million in Series A funding, the company disclosed on Oct. 4. The round was led by Brevan Howard Digital and Morgan Creek Digital, with additional participation from Polygon, Take-Two Interactive, Ubisoft, Xsolla, The Sandbox’s co-founder Sebastien Borget, Sky Mavis and Axie Infinity co-founder Aleks Larsen, among other investors.
04.10 / 00:35
business
Developers
Funding
a16z leads $40M raise for decentralized knowledge protocol
Decentralized knowledge protocol Golden has closed a $40 million funding round led by venture firm Andreessen Horowitz, or a16z, with additional participation from Protocol Labs, OpenSea Ventures and the founders of Solana, Dropbox, Postmates and Twitch, among others.
30.09 / 20:43
business
Blockchain
Adoption
Conference
Blockchain interoperability goes beyond moving data from point A to B — Axelar CEO Sergey Gorbunov
Cross-chain communication between blockchains is more than just moving data from point A to B, but how it can connect applications and users for enhanced experiences and fewer gas fees in Web3, outlined Sergey Gorbunov, Axelar Network co-founder and CEO, speaking to Cointelegraph's business editor Sam Bourgi on Sept. 28 at Converge22 in San Francisco.
28.09 / 16:41
business
solana
Developers
Funding
Solana tech developer Coral raises $20M, plans to launch 'xNFT' protocol
Solana ecosystem developer Coral has closed a $20 million investment round backed by some of crypto’s biggest venture funds, setting the stage for launching its new interactive wallet later this month.
27.09 / 19:27
business
security
Funding
Venture Capital
Crypto-focused MPC developer raises $40M
Multi-party computation (MPC) developer MPCH Labs has concluded a Series A funding round totaling $40 million ahead of the planned launch of its Fraction digital asset operating platform later this year.
23.09 / 20:25
business
Investments
Venture Capital
Pantera Capital's CEO suggests Blockchain growth will continue despite economic turmoil
The economic landscape may seem dire at the moment, but it's unlikely to affect blockchain development, according to Pantera Capital CEO Dan Morehead. In an interview for Real Vision on Thursday, the venture capitalist said that he believes blockchain technology will perform based on its own fundamentals, regardless of the conditions indicated by traditional risk metrics:
23.09 / 10:09
Ethereum
Bitcoin price today
avalanche
Bitcoin
Crypto Price Today Live: Bitcoin holds $19K; XRP, Shiba Inu & Doge zoom up to 9%
Bitcoin barely held the $19,000 mark, whereas Ethereum was again trading in the red. Any surprise from the US Fed may lead to another selloff in the crypto space, experts believe. XRP was a standout gainer with a 9 per cent rise, whereas Dogecoin, Shiba Inu and Cardano added 2 per cent each. Bitcoin, Polygon and Avalanche dropped over a per cent each. The global cryptocurrency market cap was trading marginally lower to $926.78 billion, dropping about half a per cent in the last 24 hours. However, the total trading volume dropped over 9 per cent, close to $67.86 billion.
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.
22.09 / 19:45
business
Blockchain
Cointelegraph Consulting
venture capital funding
Low
Blockchain venture capital funding fell to a 12-month low in August
Data from Cointelegraph Research reveals that in August 2022, the blockchain industry saw $1.36 billion of venture capital invested in the blockchain industry — a 12-month low and the fourth consecutive month-on-month decline in capital inflows. August’s inflows represent a 31.3% drop from July’s $1.98 billion, and the 101 deals closed in August had an average capital investment of $14.3 million — a 10.1% decline from July. The data was drawn from the Cointelegraph Research Terminal’s Venture Capital Database, which contains comprehensive information on deals, mergers and acquisition activity, investors, crypto companies, and funds.
21.09 / 23:47
business
banking
Digital Asset
Japanese banking giant Nomura launches digital ecosystem VC arm
Nomura, one of the largest investment banks in Japan, has established a venture capital arm aimed at investing in companies focusing on crypto and blockchain.
21.09 / 19:02
markets
Hackers
Usd Coin
Bitcoin
The impact of the Wintermute hack could have been worse than 3AC, Voyager and Celsius — Here is why
Most crypto investors probably never heard of Wintermute Trading before the Sept. 20 $160 million hack, but that does not reduce their significance within the cryptocurrency ecosystem. The London-based algorithmic trading and crypto lending firm also provides liquidity to some of the largest exchanges and blockchain projects.
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