November has been a turbulent month in the cryptocurrency space. There have, however, been some notable fundraising deals as the industry continues to build during crypto winter. Most significantly, T...
Tag: Funding
FTX Founder Banked $300M From Exchange’s $420M Funding
FTX founder and former CEO Sam Bankman-Fried reportedly got $300 million out of the $420 million raised from a funding round for the bankrupt exchange in October 2021, Wall Street Journal reported on ...
Ren Left With $160K In Funding To Survive
The crypto project Ren seems to be in a state of limbo for not having enough funds for its development following the FTX crisis. Alameda Research, FTX’s trading arm, was funding Ren’s development with...
Funding for DeFi protocol Ren in limbo after Alameda collapse
Ren is in danger of not having enough funds for its development following the collapse of Alameda Research. Ren is an Ethereum-based DeFi protocol that uses the token wrapping process to issue t...
Former FTX CEO Reportedly Pocketed $300M From 2021 Funding
7 seconds ago | 2 mins read Exchange News The report specifies that the money was raised in October 2021. Current CEO John Ray has raised doubts about FTX’s financials. According to the WSJ, FTX’s ex-...
Concluding a Record Year of Growing its Venture Fund, Funding 49 Startups, Softeq CEO Chris Howard Invites Technology Community to New Podcast
Forging the Future with Chris Howard Showcases High-Impact Successes and Critical Conversations in Innovation HOUSTON–(BUSINESS WIRE)–Christopher A. Howard, the CEO and Founder of Softeq Development C...
Anode Labs Announces Funding To Build The React Network: The First Community-Owned, Web3 Green Energy Grid
The company’s React Network is aiming to modernize the national power grid by creating a community owned network connecting energy storage assets to markets that value them AUSTIN, Texas–(BUSINESS WIR...
Blockchain Developer Matter Labs Raises $200M in Series C Funding
Matter Labs, the team behind zkSync, a layer-2 scaling solution built on the Ethereum network, announced Wednesday the close of a $200 million Series C funding round. The firm also stepped up its secu...
ZkSync Sharpens Role in Future of Ethereum With $200M Funding
Good software development takes money and time. Despite the present crypto winter — generally regarded as having started in late May but turned blizzard by FTX going bust — venture capital has continu...
Singapore Blockchain-Based Securities Exchange Scores $20 Million In KB Securities-Led Funding
Oi-Yee Choo, CEO of ADDX. ADDX Singapore-based ADDX, which operates a securities exchange powered by blockchain technology, announced on Tuesday that it had secured roughly $20 million in a fundraisin...
Crypto Political Funding Could Dry Up Without SBF and FTX Donations
FTX founder Sam Bankman-Fried (SBF) was one of the largest political donors in the United States. His once deep pockets funded mostly Democrat candidates and campaigns, but that all may change now. Th...
Startup Ping gets Seed Funding by Y Combinator
Freelancer Neobank Startup raised seed funding of $15 million. The next move after it. The official admitted that the Startup will prove to be a huge ‘milestone’ Capital Raised by Startup at Crucial P...
Biden takes aim at Putin’s weaponization of energy, outlines new climate funding
U.S. President Joe Biden discusses the 2022 U.S. midterm election results during a news conference in the State Dining Room at the White House in Washington, November 9, 2022. Tom Brenner | Reuters U....
Moneyfellows Raised $31 Million (USD) In Series B Funding
The collaborative lending group and savings platform in Egypt had recently released its Series B funding. Moneyfellows, one of the popular fintech groups in Egypt, announced second quarter results wit...
Egyptian Fintech Raises $31 Million in Series B Funding Round – Fintech Bitcoin News
Moneyfellows, an Egyptian fintech startup specializing in digitizing money circles, recently announced the close of its Series B funding round that raised $31 million. The funds will be used to financ...
Dan Tapiero says he’s not ‘all that worried’ about FTX crash
Crypto investment firm 10T Holdings is actually “doing ok” this year despite market volatility surrounding the collapse of FTX, hedge fund veteran Dan Tapiero said at the Token2049 confere...
Xternity Launches No-Code Web3 Infrastructure Platform After Closing On Pre-Seed Funding Round
Startup Xternity has created a toolbox for developers to add Web3 capabilities to their legacy video games, and it’s now available in beta. The launch came as the company closed on a $4.5 million pre-...
Digital Assets Outfit Archax Raises $28M in Series A Funding Round
London-based digital assets exchange, Archax has announced the conclusion of its Series A funding round in which it pulled the sum of $28 million from investors. As announced by the firm, the funding ...
Polkadot Funding Rate Turns Bearish, Will DOT Price Dip Below $6?
The Polkadot price has yet to break above crucial resistance levels, and on-chain metrics for DOT aren’t suggesting much respite for holders. The global crypto market cap took a dip below the $1 tril...
Texture Finance Announces Completion of $5 Million Funding Round
Texture Finance, a Solana-powered decentralized finance protocol, announced on Nov. 2 it successfully raised $5 million in a funding led by P2P Capital, an active DeFi and staking investment firm, and...
Abu Dhabi Fintech Startup Raises $20 Million in Series B Funding Round – Emerging Markets Bitcoin News
Abu Dhabi-based fintech, Pyypl, announced on Nov. 7 that it had raised $20 million in Series B funding and this brought the total of funds raised to nearly $40 million. Pyypl has said it plans to use ...
Sepana Raises $10M in Funding Round, Seeks to Enhance Operations in Web3 Search & Indexing Tool Space
Although Sepana did not disclose its valuation after the funding round, it plans to hire more talent and launch a new and improved product. Decentralized search startup Sepana has raised $10 million i...
Binance steps in to buy FTX.com after token collapse
Binance is acquiring FTX.com following the collapse of its native exchange token FTT. FTX founder Sam Bankman-Fried, who’d been silent as questions swirled about the fate of the exchange, ...
Sepana raises $10 million round funding by Hack VC & Pitango First
A decentralized web search startup Sepana announced today that it had raised a $10 million funding round supported by Hack VC and Pitango First. Balaji Srinivasan, Lattice Capital, and others also too...
Decentralized search startup Sepana raises $10 million
Decentralized search startup Sepana has announced today it has closed a $10 million funding round led by venture firms Hack VC and Pitango First. Protocol Labs, Lattice Capital and Balaji Sriniv...
Bitcoin Funding Rates At 6-Month High, Long Squeeze Alert?
On-chain data shows the Bitcoin funding rates have now hit a 6-month high, something that could lead to a long squeeze in the market. Bitcoin Funding Rates Currently Have A Highly Positive Value As po...
Rich countries alone cannot close funding gap for climate change
Public aid and funding from governments of developed countries alone won’t be enough to close the funding gap on climate change initiatives in developing countries, IMF chief Kristalina Georgiev...
Funding rates hit 6-month high before CPI — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts the second week of November battling some familiar FUD — how will BTC price action react? The largest cryptocurrency managed a weekly close just below $21,000 on Nov. 6 — an impre...
Billionaire Sam Bankman-Fried Explains Why Crypto Exchange FTX Passed on Funding Twitter Acquisition
The chief executive of FTX is revealing why the crypto exchange passed on funding Elon Musk’s acquisition of social media giant Twitter. FTX CEO Sam Bankman-Fried tells his 793,500 Twitter followers t...
A Crypto Wallet Launches its Funding for Aptos-Based Project
Blocto, a crypto wallet, launches Aptos foundation with the mainnet. It announced the first community based Ecosystem Fund on Aptos that will thrive in the Aptoverse. In the Medium post published on O...
Elusiv Secures $3.5 Million in Funding, LongHash Ventures and Staking Facilties Ventures Led Round
Vladislav Sopov Novel privacy protocol designed to advance security and anonymity of cryptocurrency transactions concludes its strategic funding round Contents Elusiv secures $3.5 million in funding f...