Funding Financial News

12.03 / 14:03

business Adoption Funding Metaverse Financial Systems South Korea launches Metaverse Fund to expedite domestic initiatives

While some global economies got distracted by the commotion around price instability and ecosystem collapses in crypto, South Korea doubled down on the potential of the metaverse as a new economic growth engine.

11.03 / 00:37

Adoption defi Hackers hacks regulation Funding collapses Crypto funding shifts from CeFi to DeFi after major collapses: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.

08.03 / 16:15

Blockchain Adoption Investments Web3 Funding Decentralization hedge fund Transform Ventures launches holding company for blockchain with $100M AUM

Transform Ventures has co-invested in a new holding company in what it states is an effort to accelerate blockchain investment and innovation. Alpha Transform Holdings (ATH) aims to support the blockchain ecosystem through investments via two new funds.

07.03 / 22:33

business Web3 Funding Web3 app Kresus raises $25M to bridge consumers to blockchain

Web3 app developer Kresus has closed a $25 million funding round to support the development of its so-called SuperApp, potentially opening the door to broader consumer adoption of digital assets.

03.03 / 21:05

markets Funding Banks FTX banking Bitcoin crypto market cap Total crypto market cap takes a hit amid Silvergate Bank crisis

Cryptocurrency markets experienced a relatively calm month in February as the total market capitalization gained 4% in the period. However, the fear of regulatory pressure appears to be having an impact on volatility in March.

02.03 / 19:09

Blockchain defi Cardano Web3 Funding stake Meet ISPO: An innovative proof-of-stake tool for blockchain-based fundraising

Venture capital has long been the go-to method for crypto projects looking for funding during the peak of a bull cycle. However, as the bear market of 2022 extended, the amount invested by crypto venture capital funds dwindled, showing a clear need for a self-sustained funding system for the blockchain space.

02.03 / 00:51

business Blockchain Investments Sport Web3 Funding eSports Chiliz announces $50M incubator and accelerator program for early-stage blockchain projects

Chiliz, a global company that deals with blockchain for sports and entertainment, has launched its incubator and accelerator program, Chiliz Labs, with the support of Jump Crypto. The $50 million program intends to invest in early-stage blockchain projects that leverage the Chiliz blockchain for sports and entertainment and the Socios.com partner network.

27.02 / 01:01

business Adoption Web3 Funding DAO Startups Mantle BitDAO's Mantle Core proposes $200M for Web3 fund

A proposal seeking to create a $200 million fund dedicated to early-stage Web3 startups was submitted on Feb. 26 by Mantle Core on BitDAO's governance forum. The ecosystem fund aims to boost the adoption of Mantle's network among developers and Dapps.

23.02 / 14:25

business Blockchain Technology Funding Startups Israeli startup to create blockchain chips with $70M of fresh funds

The adoption of blockchain technology is on the rise, with the majority of enterprises looking into the technology in some capacity. As blockchain becomes more pervasive, all types of users will need the most efficient access to the capabilities of this technology.

23.02 / 04:17

business Government Web3 Funding exchanges Gate.io to enter Hong Kong following city’s $6.4M budget allocation to Web3

Cryptocurrency exchange Gate.io is gearing up to launch a presence in Hong Kong following the local government's planned $6.4 million (50 million Hong Kong dollar) cash injection into Web3 as per the city’s 2023-24 budget.

21.02 / 17:03

Blockchain Adoption Web3 Funding Bosch partners in $100 million Web3 development foundation

A $100 million is being earmarked for a grant program funding the development of Web3, AI and decentralized technologies in a partnership between Bosch and Fetch.ai.

19.02 / 22:57

business Investments Funding ICO IDO How to Crypto What is a crypto launchpad, and how does it work?

In the world of cryptocurrency, joining projects early may be beneficial. For example, investors who bought Bitcoin (BTC) in 2011 are now reaping the benefits of their investment. They discovered something new, saw its potential and stuck with it.

16.02 / 01:27

business Blockchain Technology Web3 Funding Abu Dhabi to back the growth of Web3 startups with $2B

Abu Dhabi's technology ecosystem, Hub71, has announced a new initiative called "Hub71+ Digital Assets," with a capital backing of over US$2 billion. This project aims to advance Web3-based innovations, such as blockchain technology and metaverse applications. The initiative aspires to provide Web3 startups with access to a range of programs, and initiatives, as well as, corporate, government, and investment partners in both global markets and the UAE.

14.02 / 22:59

markets business Government Blockchain Technology Investments Funding Digital Asset Provider Raises $65M in Series B Led by Credit Suisse

Taurus, a digital asset infrastructure provider for financial institutions in Europe, has raised $65 million in a Series B capital raise led by Credit Suisse. The funding round also saw participation from several other institutional investors, including Deutsche Bank, Pictet Group, Cedar Mundi Ventures, Arab Bank Switzerland, and Investis.

09.02 / 23:53

business Blockchain Digital Currency Web3 security Funding Digital Asset Coincover secures $30 million in funding to strengthen digital asset security

London-based digital asset protection firm, Coincover, has secured $30 million in a funding round led by Foundation Capital, with a follow-on investment from CMT digital.

08.02 / 18:51

business Blockchain Funding Venture Capital Banks seed funding UK blockchain carbon offset platform raises $45M in seed funding

According to a press release published on Feb. 8, blockchain carbon credit transaction network Carbonplace has secured $45 million in an investment round from its nine founder banks with a combined $9 trillion in assets under management. The banks are BBVA, BNP Paribas, CIBC, Itaú Unibanco, National Australia Bank, NatWest, Standard Chartered, SMBC, and UBS. The London-based fintech has also announced that it will become an independent entity, led by new CEO Scott Eaton.

08.02 / 00:53

business Investments Funding Venture Capital DAO zk VC Roundup: ZK proofs, DeFi protocol and longevity DAO attract investment

2023 is off to a tepid start for crypto venture capital, as the industry continues to emerge from a prolonged bear market. But that doesn’t mean there aren’t deals. In January, Cointelegraph reported a $125 million raise from Blockstream, a $60 million allocation to QuickNode and pair of ecosystem funds from Injective and SSV worth $150 million and $50 million, respectively.

05.02 / 07:01

business Adoption regulation Google Funding Bankruptcy Fried Sam Google invests $300M in AI firm previously funded by Sam Bankman-Fried

Google Cloud has reportedly invested $300 million into artificial intelligence (AI) startup firm Anthropic, which also happened to receive over $500 million in funds from former FTX CEO Sam Bankman-Fried about six months before FTX catastrophically collapsed.

31.01 / 02:29

Adoption Mining Environment Funding Africa Bitcoin National park How Bitcoin mining saved Africa's oldest national park from bankruptcy

Virunga National Park in the Democratic Republic of the Congo has become the first national park in the world to run a Bitcoin (BTC) mine in an effort to protect its forests and wildlife. Cointelegraph spoke with Sébastien Gouspillou, CEO of Big Block Green Services, and the man who introduced Bitcoin mining to the park.

27.01 / 22:45

business Funding Venture Capital Bankruptcy Celsius NOT Crypto Biz: A peek into BlockFi’s secret financials (it’s not pretty)

Crypto lender BlockFi has had a highly tumultuous 12 months. After getting caught up in the Terra fiasco, which resulted in one of the most prolific asset death spirals of all time, the company managed to avoid bankruptcy after receiving a $400 million lifeline in July 2022. The problem? Its lender was FTX US, and we all know what happened next.

25.01 / 17:39

business defi Funding Venture Capital Cosmos boost Injective launches $150M ecosystem fund to boost DeFi, Cosmos adoption

Injective, a layer-1 blockchain protocol founded in 2018, has launched a $150 million ecosystem fund to support developers building on the Cosmos network.

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