The investment arm of major cryptocurrency exchange KuCoin is moving to support new stablecoin initiatives by backing a Chinese yuan-pegged stablecoin issuer. KuCoin Ventures has led a $10 million inv...
Tag: Funding
KuCoin Has Closed a $10M Funding Round Into CNHC. But Is the Offshore Yuan Right for a Stablecoin?
“This investment in CNHC is part of KuCoin Ventures’ broader strategy of investing in the Web3 infrastructure in the APAC region,” Justin Chou, chief investment officer of KuCoin and lead at KuC...
Stablecoin issuer CNHC raises $10 million in funding led by KuCoin Ventures
CNHC Group, the issuer of the CNHC stablecoin that is pegged 1:1 to the offshore Chinese yuan, raised $10 million in funding. KuCoin Ventures led the deal, the crypto investment firm said Wednes...
First Republic, Regional Banks Won’t Benefit Much from Fed’s New Funding Program
The Federal Reserve’s Bank Term Funding Program, which came to the rescue of Silicon Valley Bank, will be of little help to regional lenders such as First Republic Bank (FRC) because their risks...
The Corporations Funding Cop City In Atlanta
A demonstrator holds her hands up while she kneels in front of the Police at the Anaheim City Hall … [+] on June 1, 2020 in Anaheim, California, during a peaceful protest over the death of Georg...
Digital fashion firm DressX raises $15 million in Series A funding
Will digital fashion ever be in vogue? That’s what fashion tech firm DressX is betting on as it raises a $15 million Series A led by Berlin-based crypto venture capital firm Greenfield. Th...
Blockchain infrastructure developer Smooth raises $2 million in seed funding
Deals • March 14, 2023, 10:00AM EDT Published 30 minutes earlier on Smooth Labs, a blockchain infrastructure startup, raised $2 million in a seed funding round. NGC Ventures, one of the most act...
Entre Raises $1.6 Million Seed Funding Round to Build a Professional Network for the Future of Work
AUSTIN, Texas–(BUSINESS WIRE)–Entre, a professional networking platform providing a community-focused superior alternative to existing professional networking apps, announces the closing of its $1.6 m...
Bitcoin perpetual funding rate turns negative ahead of CPI print – perspective turns bearish
Quick Take Bitcoin was heavily shorted from the 10th to the 13th of March on the news of contagion around the regional banks. Yesterday, Bitcoin broke $24,000 as the perpetual funding rate showed inve...
These 2 big bank stocks have enough liquidity to more than cover severe funding outflows, says JPMorgan
In the wake of last week’s bank collapse – the fall of Silicon Valley Bank, and the related collapses of the crypto-centered Silvergate and Signature banks – there’s been a swirl of discussion around ...
Stocks of multiple banks get halted for volatility, more than once, to start the trading day
To gauge the panic-like activity of bank investors in the wake of the recent failures of SVB Financial Group’s SIVB, Silicon Valley Bank and Signature Bank SBNY, -22.87%, investors can check out the N...
Oil and gas stocks suffer broad selloff as crude prices drop in wake of SVB collapse
The energy sector was suffering a broad selloff Monday, as worries that the recent bank failures will trigger an economic slowdown which saps demand for crude oil. The Energy Select Sector SPDR exchan...
Framework and Bitkraft lead $6 million seed funding into gaming studio Jungle
Bitkraft and Framework Ventures co-led a $6 million seed funding round into Jungle, a Brazil-based web3 gaming studio. Delphi Digital, Karatage, Fourth Revolution Capital, Monoceros, 32bit Vent...
Western Alliance Bancorp stock set to suffer record selloff of over 60% to 10-year low in wake of SVB collapse
Shares of Western Alliance Bancorp WAL, -74.87% took a 62.4% plunge toward a 10-year low in premarket trading Monday, adding to last week’s tumble in the wake of the collapse of SVB Financial Group’s ...
Hercules Capital said it has ‘ample liquidity’ to support requirements, but stock keeps falling
Hercules Capital Inc. HTGC, -11.14% looked to reassure investors on Monday by saying it was working with bondholders, stakeholders and stockholders to “navigate challenges” created by the decision by ...
First Republic Bank gets funding boost from Fed, JPMorgan
First Republic Bank FRC, -14.84% said Sunday it had bolstered its financial position through “additional liquidity” from the Federal Reserve and JPMorgan Chase & Co. JPM, +2.54%. In a statement, t...
US Fed announces $25B in funding to backstop banks
Hot on the heels of several United States bank collapses, the Federal Reserve has announced $25 billion worth of funding aimed at backstopping banks and other depository firms. The funds would ensure ...
BTC & ETH Funding Rates Hit 4 & 6-Month All-Time Lows, Reports Crypto Analyst
Bitcoin and Ethereum funding rates hit 4 and 6-month lows respectively. Shift from USDC to BTC led to a significant BTC premium on Coinbase. Bitcoin rebounds above $20,000 despite market volatility an...
Warning Signals About Silicon Valley Bank Were All Around Us
Silicon Valley Bank now has the dubious distinction of being the second largest bank failure in the … [+] history of the United States. (Photo by NOAH BERGER / AFP) AFP via Getty Images Silicon ...
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. DeFi has become a pro...
Crypto projects raise $50M in funding in the last 24 hours
In a surprising turn of events, several crypto projects have managed to raise a whopping $50 million in funding in the last 24 hours. This comes despite the ongoing bear market in the crypto industry....
Biden proposed FAA budget for 2024 increases funding
An American Airlines Airbus A319 airplane takes off past the air traffic control tower at Ronald Reagan Washington National Airport in Arlington, Virginia, January 11, 2023 Saul Loeb | AFP | Getty Ima...
GM stock slips after disclosing ‘voluntary separation program’ resulting in $1.5 billion employee separation charges
Shares of General Motors Co. GM, -1.63% slipped 0.1% in premarket trading Thursday, after the automaker announced a voluntary separation program (VSP) that is expected to lead to an employee separatio...
GE stock jumps toward near 2-year high after affirming 2023 outlook at investor gathering
Shares of General Electric Co. GE, +7.55% rallied 2.6% toward a near two-year high in premarket trading Thursday, after the aerospace, power and renewable energy company affirmed its full-year guidanc...
Stablecoin issuer ECSA secures $3 million in funding
Deals • March 9, 2023, 9:01AM EST Published 1 hour earlier on Brazilian-based stablecoin issuer ECSA raised $3 million to bring the main carry currencies on chain. The pre-seed funding round saw...
Gyroscope unveils $4.5 million in funding as it prepares to launch ‘unique’ stablecoin
Gyroscope, a crypto startup that claims to be building a unique stablecoin, announced it has raised $4.5 million in a seed funding round. Placeholder VC and Galaxy Ventures co-led the round, wit...
SVB Financial stock plummets toward biggest one-day selloff in 23 years after stock offering, large losses on securities sales
Shares of SVB Financial Group SIVB, +0.16% plummeted 30.6% to pace all of the S&P 500’s SPX, +0.14% premarket losers on Thursday, which puts them on track for the worst one-day performance in 23 y...
JD stock rises after profit beat and dividend initiated, while revenue comes up shy
The U.S.-listed shares of JD.com Inc. JD, +0.88% rose 1.0% in premarket trading Thursday, after the China-based ecommerce company beat fourth-quarter profit expectations and initiated a dividend, but ...