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Projects that raised millions in the ICO era have struggled to gain traction.
Bitcoin scalability startup Ark Labs raised $2.5M in a pre-seed round led by Tim Draper to advance its Ark protocol for faster, cheaper BTC payments. The funding aims to boost Bitcoin adoption for everyday transactions.
Bitcoin Lightning startup TMRW raised $1.3M to build a social, cross-border payment app leveraging Lightning's speed and low fees for remittances
Pertsevs case is a pivotal moment for the crypto community and advocates of digital privacy.
Kwan2 Holdings LLC, in conjunction with The Barry Mezey Foundation for Autism Inc., has announced a strategic partnership with DiVinci Pay.
The post Kwan2 and The Barry Mezey Foundation for Autism Form Strategic Partnership with DiVinci Pay appeared first on Crypto Breaking News.
Silke Noa calls for detailed accounting from the Wau Holland Foundation on the $37 million spent on Assanges legal defense.
The cryptocurrency market is experiencing a bullish trend, with Bitcoin being the most popular. Businesses profit from crypto fundraising, decentralized finance, and crypto rewards, with future trends including decentralized finance and metaverse integration. (Read More)
IDO launchpads are becoming a popular way to raise funds for projects, with some IDOs reaching nearly half a billion dollars.
The $400 million Web3 investment fund, ABCDE, has decided to pause its investments and fundraising activities, according to reports. The firm, known for its strategic investments in various Web3 projects, cited market conditions and internal restructuring as reasons for this decision. Web3, a term used to describe the next generation of the internet focusing on [...]
The post Web3 investment fund ABCDE pauses new investments and fundraising, with $400 million in assets under management appeared first on Crypto Breaking News.
The FJO registered the largest investment in 2024 through an LBP, just one month after securing investments from notorious names.
The post Token launchpad Fjord Foundry raises over $15 million in its token pre-sale appeared first on Crypto Briefing.
Intent-centric blockchain protocol Anoma secures $25 million in funding to continue developing its third-generation architecture.
ProDigital Future, a new $100 million fund led by Hong Kong-based equity firm SAIF Partners, aims to support early-stage Web3 companies in the regional market. The fund has already raised $30 million during its half-year fundraising period and plans to raise $100 million by the end of 2023. ProDigital Future has already invested in six digital-asset projects, including GigaSpace and One Future Football. The fund intends to operate in Hong Kong, Australia, Singapore, Europe, and the United States, while adhering to the necessary licensing and regulatory requirements. (Read More)
On Monday, the crypto clearing house startup Cleartoken revealed that it raised $10 million from strategic investors including Nomuras Laser Digital, Flow Traders, and LMAX Digital. Cleartoken Nets $10M to Launch U.K. Digital Asset Clearing Services The horizontal clearing house for the digital asset market, Cleartoken, revealed that its raised $10 million in order to [...]
The post Cleartoken Secures $10M in Funding to Pioneer UKs First Digital Asset Clearing House appeared first on Crypto Breaking News.
The development bank set up by the BRICS bloc is negotiating with Saudi Arabia on accepting the country as a member, according to a press report. The talks come as the bank, created as an alternative to similar institutions led by the West, seeks to expand its funding options amid sanctions on one of its [...]
The post BRICS Bank in Membership Talks With Saudi Arabia, Report Reveals appeared first on Crypto Breaking News.
Animoca Brands denied reports of scaling back its metaverse fund target by $200 million and a decrease in valuation from $6 billion to $2 billion. The firm acknowledged the impact of banking collapses but stressed that fundraising is still ongoing. (Read More)
Animoca Brands, a Hong Kong-based developer of blockchain gaming technology, has reduced its target for its metaverse fund by 20% to $800 million due to volatility in the crypto sector. The company's market capitalization has also fallen from $6 billion to below $2 billion, signaling a change in sentiment in the crypto industry. (Read More)
The company plans to use the funding to further its AI research and product development for Lightning tools.
Venture capital firm, Tribe Capital, is considering leading a $250 million fundraising campaign to revive bankrupt cryptocurrency exchange, FTX. The firm previously invested in FTX before its collapse and has reportedly met with the Committee of Unsecured Creditors to discuss a proposal. If successful, the revived exchange would retain the name FTX. (Read More)
The funding will be used to expand the platform's retail Bitcoin on-ramp in Europe, add zero-fee trading, support for Lightning and more.
The funding will help accelerate Breez’s mission of using Lightning to empower developers and users to realize new use cases for Bitcoin.
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