Decentralized exchange startup Alex has raised $2.5 million to build out decentralized finance on Bitcoin’s rails. The strategic round was backed by Trust Machines, Gossamer Capital and ot...
Tag: Backs
XRP Lawyer Backs Ethereum Over Security Claims
XRP News: The latest lawsuit against the KuCoin crypto exchange has spiked the uncertainty around Ethereum (ETH), world’s second largest crypto, nature. However, Attorney fighting for XRP holders in t...
LBank backs Tel Aviv stock exchange’s move towards offering crypto trading
The Tel Aviv Stock Exchange (TASE) plans on expanding services to include cryptocurrency trading for clients of their nonbanking members (NBMs). The TASE is Israel’s sole public trading platform for e...
Gwyneth Paltrow backs web3 art platform Wild in seed round led by Matrix Partners
Web3 art platform Wild raised a $7 million seed funding round led by Matrix Partners. Actress Gwyneth Paltrow, LinkedIn co-founder Reid Hoffman and Twitch co-founder Kevin Lin also took part in ...
Lionel Messi Backs Web3 Soccer Game Startup Matchday in $21M Round
Matchday, a soccer-centric Web3 gaming startup, announced today that it has raised $21 million in seed funding to develop a suite of games—with legendary soccer player Lionel Messi’s venture capital f...
Ripple CTO Backs Transaction Fee Increase: Could This Be The Solution To XRP’s Woes?
Ripple’s lawsuit with the Securities and Exchange Commission has hurt XRP by creating investor anxiety. If the SEC wins and XRP is declared a security, Ripple might be fined and restricted from sellin...
Supreme Court Ruling Backs XRP ‘Fair Notice’ Defense: Ripple
Ripple Labs’ lengthy battle with the SEC is going down the wire. Both sides have been waiting for US District Judge Analisa Torres to rule on whether Ripple’s years-long selling of XRP constitut...
Warner Bros backs Ethereum ecosystem as it migrates Blocklete Golf to ImmutableX
Ad Immutable continues its partnership with Warner Bros with the launch of the web3 mobile game Blocklete Golf from Discovery Sports on Immutable X. Warner Bros web3 adoption Last month, Warner Bros a...
Jump Crypto Backs Chiliz $50 Million Incubator For Early Stage Projects
– Advertisement – Summary: The incubator dubbed Chiliz Labs will support early-stage web3 sports and entertainment projects that build on the company’s layer 1 blockchain launched in Febru...
LBank Backs Ambitious Zambian Proposal for Digital Asset Adoption
Road Town, BVI, 27th February, 2023, Chainwire LBank has expressed its support for an ambitious plan to grow digital asset adoption in Zambia. The global crypto exchange believes that by taking a meas...
Magic Eden Ventures Backs 11 Web3 Gaming Studios
Magic Eden Ventures, the venture arm of the cross-chain NFT platform Magic Eden, has made investments in 11 web3 gaming studios. These investments aim to advance the web3 gaming sector. With this inv...
“Zambia is full of potential”: LBank backs ambitious African regulation plan
The Bank of Zambia (BoZ) alongside the country’s Securities and Exchange Commission is developing technology to regulate crypto, according to the country’s minister of Technology and Science, Felix Mu...
Government Watchdog Backs Unsealing Of Hinman Docs
Forbes journalist Dr. Roslyn Layton is receiving support for her motion to intervene in the lawsuit between Ripple Labs and the Securities Exchange Commission (SEC) seeking public access to the Hinman...
Bank of International Settlements Head Backs CBDC Over Crypto
Bitcoin News In his address in Singapore, though, he did express support for CBDC. He advocated for the use of CBDCs and tokenized deposits. According to Agustin Carstens, the head of the Bank of Inte...
China’s Capital Quietly Backs up Hong Kong’s Crypto Hub Ambitions
Join Our Telegram channel to stay up to date on breaking news coverage According to reports, the Chinese government subtly supports Hong Kong’s vision of becoming a cryptocurrency powerhouse. The supp...
Bain Capital Crypto backs gaming firm creating on-chain diplomats
Players are free to build any tooling, infrastructure or application they wish, such as custom asset marketplaces, lending primitives, guilds and more. This will involve developing the backend with us...
Lemniscap backs $4.6 million raise for infrastructure provider Gateway.fm
Gateway.fm raised $4.6 million in a round led by Lemniscap to build decentralized blockchain infrastructure tools. The seed round also saw participation from investors including CMT Digital, the...
Bakkt Backs Out of Consumer Business to Focus on B2B Offering
Digital assets platform Bakkt today announced it will sunset its consumer app to focus on direct interaction with businesses, providing them “with crypto and loyalty experiences for their customers th...
Brave backs Solana on iOS and Android
Brave, the privacy-focused web browser, has recently announced that it has added support for Solana, a high-performance blockchain network. This move will enable Brave users to take advantage of...
Aptos Labs backs web3 TikTok rival Chingari
Aptos Labs is attempting to make its mark in web3 social media with an equity investment in short video app Chingari. Chingari is an on-chain social media app that was founded in 2018. It has fi...
Scaramucci backs new crypto venture by FTX exec
Despite facing massive losses from FTX’s downfall, Anthony Scaramucci, the founder of SkyBridge Capital, is investing in a new crypto software company established by a former FTX executive, seeing pot...
ConsenSys Backs Lawsuit Against IRS Over Taxing Staked Crypto
Crypto software giant ConsenSys will financially support an ongoing lawsuit challenging the IRS’ ability to tax staking rewards, the company announced Tuesday. In 2021, Joshua and Jessica Jarrett sued...
Justin Sun backs FTX Debt token ‘FUD’ in possible securities law breach
Justin Sun, the founder of exchange Huobi, has put his name behind Debt DAO, a project claiming to be issuing FTX users’ debt as a bond token, FUD, on behalf of FTX creditors. In a Twitter thread, Deb...
Google Backs AI Firm Anthropic With $300 Million, Following Series B Investment From Controversial FTX Co-Founder – Bitcoin News
As the artificial intelligence (AI) wars intensify, the AI firm Anthropic has raised $300 million from Google and sources say that the tech giant will get roughly a 10% stake in the AI company. Intere...
Ukraine’s New Rocket-Boosted Glide-Bombs Can Turn Around And Hit Targets On The Backs Of Hills, 90 Miles Away
How a GLSDB can perform a “reverse-slope” attack. Boeing-Saab The United States is giving Ukraine ground-launched, GPS-guided glide bombs that can strike targets as far as 93 miles away—an...
Scytale backs decentralized storage solution Sumi Network’s $3 million raise
Web3 infrastructure provider Sumi Network has raised $3 million to build out its decentralized communication and storage solutions. The seed round is led by Scytale and brings the startup’...
Elon Musk Backs Cathie Wood’s Bullish Crypto Comment Amid Banks Crisis
Elon Musk News: Cathie Wood, CEO of Ark Invest launched an attack on the US banking system targeting the recent collapse of multiple banks. However, she went on to praise the digital asset networks du...