Funding Financial News

25.01 / 13:17

Investments Trading Funding How to Crypto Bitcoin index What is a crypto index fund, and how to invest in it?

While the COVID-19 pandemic’s long-term socioeconomic effects are yet to be known, most economies are still dealing with the effects of the global financial crisis. Moreover, millions of households are under or unbanked, and there are additional obstacles faced by people, including slow wage growth, skyrocketing property costs and government debt as more and more individuals are living hand to mouth.

25.01 / 01:37

business Mining Funding Bitcoin Bitcoin Price Blockstream raises $125M to finance expanded Bitcoin mining operations

Digital asset infrastructure company Blockstream has raised $125 million to finance its Bitcoin (BTC) mining colocation services, underscoring heightened demand for its institutional hosting services amid the bear market.

24.01 / 17:15

business Web3 Funding Venture Capital valuation Blockchain developer QuickNode raises $60M at $800M valuation

Blockchain development platform QuickNode has closed a $60 million funding round as part of a global expansion intended to onboard more users and developers to Web3 applications.

21.01 / 11:05

Adoption CFTC regulation Funding Venture Capital FTX FTX VCs liable to ‘serious questions’ around due diligence — CFTC Commissioner

Amid ongoing investigations around the defunct crypto exchange FTX, the Commodity Futures Trading Commission (CFTC) questions the due diligence conducted by institutional investors and their accountability regarding the loss of users’ funds.

20.01 / 18:55

business Funding Venture Capital FTX US President Former FTX US president raises $5M for new crypto software firm

The former head of FTX US is launching a new cryptocurrency software company and has raised $5 million from several investors, according to Bloomberg.

19.01 / 17:23

business Ethereum Developers Funding Support SSV launches $50M ecosystem fund to support ETH staking tech

Validator infrastructure developer ssv.network has launched a new ecosystem fund to support Ethereum proof-of-stake decentralization — a move that the company said would promote innovation around Ether (ETH) staking technologies.

17.01 / 18:11

business Funding Africa Web3 games publisher Carry1st raises $27M

Mobile games publisher Carry1st has closed a $27 million funding round to advance its publishing and digital content creation platform in Africa — a region its backers say is ripe for Web3 adoption.

14.01 / 01:43

markets Gemini Funding Bitcoin crypto market cap Total crypto market cap closes in on $1T right as Bitcoin price moves toward $20K

The total cryptocurrency market capitalization reached its highest level in over two months on Jan. 13 after breaking above the $900 billion mark on Jan. 12.

13.01 / 15:25

markets NFT Funding XGo’s 2022 Crypto Roundup: Four better or four worse

The beginning of 2022 saw both the crypto market cap and the non-fungible token (NFT) market reaching incredibly healthy status. Crypto reached a strong $2.5 trillion in value, and NFTs peaked after 2021’s exponential growth.

11.01 / 01:31

business Developers Web3 Funding Backed Sandeep Nailwal-backed Web3 accelerator launches demo day for first cohort

Web3 accelerator Beacon has wrapped up its first cohort with 13 graduating companies and has provided a venue for project founders to demo their blockchain-based startups.

20.12 / 07:29

business Funding Political Donations FTX warns it will claw back political donations and contributions

Bankrupt cryptocurrency exchange FTX says it is considering using legal avenues to recover all payments and contributions handed out by its associated entities and former executives, which could include the millions in political donations made from its former CEO Sam Bankman-Fried.

17.12 / 13:45

business Blockchain Investments Funding Bitvavo to prefund locked DCG assets worth $296.7M amid liquidity crisis

The Digital Currency Group and its affiliates (DCG), which manages $296.7 million (280 million euros) in deposits and digital assets of crypto exchange Bitvavo for off-chain staking services, suspended repayments citing liquidity problems amid the bear market. However, Bitvavo announced to prefund the locked assets, preventing DCG-induced service disruption for users.

16.12 / 23:25

markets Binance Funding Bitcoin crypto market cap Total crypto market cap takes another hit, but traders remain neutral

The total cryptocurrency market capitalization dropped 8.1% in the past two days after failing to break the $880 billion resistance on Dec. 14.

08.12 / 08:33

markets business regulation Funding Genesis Trading Crypto lender Genesis Crypto lender Genesis has no solution yet for withdrawal halts

Crypto lending platform Genesis has informed its customers that its withdrawal freeze is likely to last “additional weeks” amid efforts to stave off a potential bankruptcy filing.

07.12 / 12:45

business Adoption Liquidity Funding Gate.io pledges $100M to revive crypto and rebuild investor confidence

In a move to tone down the negative impacts of a bear market and ecosystem collapses, crypto exchange Gate.io launched an industry liquidity support fund with an initial commitment of $100 million.

03.12 / 08:47

business Adoption Investments Funding FTX US ex-president reportedly seeks $6M funding to launch crypto startup

Just a month after the controversial fall of Sam Bankman-Fried’s FTX exchange and 130 affiliated companies, a former high-ranking executive is reportedly seeking out investors to launch a crypto startup.

01.12 / 01:09

business defi Liquidity Funding Market maker Keyrock closes $72 million in Series B funding round

Digital asset market maker Keyrock has raised $72 million in a Series B round of funding, according to an announcement on Nov. 30. Ripple, SIX Fintech Ventures, and Middlegame Ventures are among the investors in the round.

28.11 / 13:15

Blockchain regulation Funding FTX collapse put the Singapore government in a parliamentary hot seat

The collapse of the now-bankrupt cryptocurrency exchange FTX has put the Singapore prime minister and the ruling government in a hot seat. Prime Minister Lee Hsien Loong and Deputy Prime Minister Lawrence Wong are set to face grilling questions for their failure to protect retail investors.

27.11 / 13:35

business Funding Blockchain Game Fenix Games raises $150M to fuel next-generation blockchain gaming

Web3 game publisher Fenix Games raised $150 million in funding to acquire, invest and distribute blockchain games. The fund will be used to create a game publishing company specifically for mainstreaming blockchain games.

22.11 / 21:33

business Binance Funding Middle east recovery Binance CEO denies report firm met with Abu Dhabi investors for crypto recovery fund

Changpeng Zhao, chief executive officer of crypto exchange Binance, has denied a report claiming he met with investors in Abu Dhabi in an effort to raise cash for the company’s crypto recovery fund.

22.11 / 04:51

business Funding Bankruptcy Genesis denies 'imminent' plans to file for bankruptcy

Cryptocurrency lending company Genesis has refuted speculation that it is planning an "imminent" bankruptcy filing should it fail to cover a $1 billion shortfall caused by the fall of crypto exchange FTX.

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