Funding Financial News

01.03 / 15:17

Blockchain Adoption Funding Future FTX to deploy $1B through Future Fund for safer AI, reduced biorisk

Global crypto exchange platform FTX launched a fund called the FTX Future Fund with an aim to support long-term improvements for humankind. The project will deploy up to a billion dollars to support projects focusing on safe artificial intelligence development, reducing biorisk dangers, effective altruism and more.

01.03 / 08:07

business Funding Africa South African exchange raises $50M in Africa’s largest funding round

South African crypto exchange VALR has raised $50 million in a Series B equity funding round, marking the largest-ever funding for an African crypto exchange.

22.02 / 15:07

business Europe Funding UK government approved BitPanda to provide crypto custody with the acquisition of FCA-approved Trustology

BitPanda, a Viena-based crypto exchange platform has made its maiden acquisition in the form of United Kingdom-based Trustology, a crypto custodian and wallet service provider for an undisclosed amount.

18.02 / 23:59

Adoption defi Funding avalanche Finance Redefined: Axelar becomes a unicorn, new ETH addresses hit 1.5M per month, Feb. 11–18

Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.

18.02 / 23:25

business Funding Metaverse Crypto Biz: JPMorgan enters the Metaverse, Marshall Islands legalizes DAOs, Feb. 10–16

Last week’s Crypto Biz newsletter explained how Wall Street is essentially marketing Bitcoin (BTC) for us after Wells Fargo said digital assets could “soon hit a hyper-inflection point” in terms of adoption. This week, JPMorgan Chase issued its own bullish outlook when it labeled the etaverse a $1 trillion a year opportunity.

17.02 / 20:31

business Funding Venture Capital Digital Currency Group DCG leads $205M growth fund for The Graph

Blockchain data indexing protocol The Graph has launched a $205 million ecosystem fund to lure new developers to its platform, offering further evidence that venture capital firms were still keen to support growth funds centered around decentralized applications.

17.02 / 19:17

business Funding Venture Capital Sequoia Capital launches crypto fund worth up to $600M

American venture capital firm Sequoia Capital has launched a new cryptocurrency fund as part of its ongoing efforts to bootstrap the next generation of promising crypto-focused startups.

15.02 / 10:05

Blockchain cryptocurrency Funding Blockchain startup 5ire raises $100 million from GEM

Blockchain network 5ire has raised $100 million investment from GEM Global Yield LLC SCS (GGY), a Luxembourg-based private alternative investment group, with the aim to go public.

14.02 / 20:13

business Funding Metaverse Venture Capital VC Roundup: Animoca leads NFT3 raise, Arca launches NFT fund and Alexis Ohanian broadens crypto exposure

Venture capital funding in the cryptocurrency market is showing no signs of slowing, as major investors continue to back promising startups in niche industries spanning the metaverse, nonfungible tokens (NFTs) and GameFi.

12.02 / 21:43

Blockchain Adoption defi Funding Finance Redefined: Alchemy raises $200M, Bunny goes DAO, Feb. 4–11

Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.

08.02 / 17:30

business defi Investments Funding Alchemy joins Web3 decacorns club following $200M funding

Web3 development platform Alchemy announced a fresh round of $200 million funding, bringing up the company’s valuation to $10.2 billion, just above the decacorn threshold.

08.02 / 00:37

defi Funding Loans Testnet open Hashstack launches Open protocol testnet, offering under-collateralized loans

The DeFi lending and borrowing market has grown significantly in volume as new lending protocols continue to attract capital and NFT-backed loans become more popular. According to Dune Analytics, the top three platforms in terms of market capitalization are Aave, Maker, and Compound. These platforms, however, still are facing issues when it comes to collateral requirements and volatile digital assets.

07.02 / 18:31

business Polygon Funding Venture Capital Polygon raises $450M in Sequoia-led funding round

Layer-2 scaling solution Polygon has raised $450 million in a funding round that was backed by some of blockchain’s biggest venture funds — offering further evidence that major investors are looking to support the future of Web3 development.

04.02 / 00:31

business Funding Venture Capital Crypto Biz: The crypto industry is more bullish than the Bitcoin charts, Jan. 27–Feb. 2

Is Bitcoin (BTC) in a bull market or a bear market? Has the current market cycle already peaked or can we expect another leg higher? Venture capital funds don’t seem to care either way. They’re too busy building equity in promising blockchain plays.

03.02 / 17:25

business Latin America Funding South America Crypto-focused enterprise payment platform Tribal Credit raises $60M

Crypto-focused enterprise payment platform Tribal Credit has raised $60 million in an oversubscribed investment round, putting the company on track to continue its expansion in Latin America — a region that has seen significant uptake of blockchain-based cross-border payments.

03.02 / 00:03

business Investments Funding Media Pixel Vault raises $100M for NFT development platform

Operator-led venture capital firms Velvet Sea Ventures and 01 Advisors invested $100 million into Pixel Vault, a large nonfungible token collection of superheroes, to jointly launch the rebranded multi-franchise nonfungible token (NFT) entertainment company, Pixel Vault Inc.

02.02 / 20:51

business Web3 Funding data Dune Analytics raises near-$70M in Series B funding round

Dune Analytics, a leading data analytics platform, has announced a capital raise of $69,420,000, in addition to a $1 billion-dollar valuation, the latter of which means that the company attained "unicorn" status, which describes privately-held startups that have attained a valuation of $1 billion or more.

31.01 / 17:29

business wallet solana Funding Solana Ecosystem Solana ecosystem wallet Phantom raises $109M

Software wallet and browser extension Phantom has raised $109 million in Series B financing to continue expanding its cross-platform capabilities beyond Solana.

31.01 / 17:29

business Funding Bitcoin valuation FTX exchange breaks $32B valuation despite crypto winter fears

Despite growing fears over a potential cryptocurrency market downturn, major industry firms like FTX keep gaining momentum by securing hundreds of millions in fresh funding.

28.01 / 16:11

business defi Funding DApp Multichain Multichain DApp protocol Astar raises $22M in latest round led by Polychain

Astar, a multichain DApp protocol formerly known as Plasm, has raised $22 million in its latest strategic fundraise.

28.01 / 00:37

Ethereum defi Investments Funding donates Bybit donates $134M to BitDAO and integrates Arbitrum

The news about crypto derivatives exchange Bybit was two-fold Thursday, as the company announced via Twitter its $134 million contribution to the BitDAO Treasury in the form of Ether (ETH), Tether (USDT) and USD Coin (USDC), as well as the completion of the integration of Ethereum layer-2 solution Arbitrum.

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