funding

Cross-chain protocol Wormhole has secured a $225 million investment at a valuation of $2.5 billion.According to the Nov. 29 announcement, the investment round was led by Brevan Howard, Coinbase Ventures, Multicoin Capital, Jump Trading, ParaFi, Dialectic, Borderless Capital, and Arrington ...

Oxford University physics spinout Oxford Quantum Circuits (OQC) recently announced the launch of Toshiko, a 32-qubit quantum computing services platform, alongside a $100-million Series B funding round led by Japan’s SBI Group’s investment arm.The company claims that Toshiko is ...

Blockchain analytics firm Nansen reported that following a settlement for civil and criminal charges against Binance and CEO Changpeng “CZ” Zhao, outflows from the crypto exchange didn’t result in a “mass exodus of funds.”In a Nov. 22 X post, Nansen said  ...

Crypto exchange and wallet provider Blockchain.com closed a $110 million Series E financing round, an investment that more than halves its previous 2022 valuation of $14 billion.In a Nov. 14 blog post, Blockchain.com said the closing of its Series E round was led by the United Kingdom-base ...

BC Technology Group, the operator of Hong Kong’s publicly-listed cryptocurrency exchange OSL, has announced a significant investment from industry firm BGX.BC Technology entered into a partnership with BGX, which agreed to subscribe for shares in BC Technology for an investment of about 71 ...

Global investment bank Goldman Sachs and French universal bank BNP Paribas have reportedly led a new funding round for Fnality, a blockchain-based wholesale payments firm backed by Nomura Group.Fnality has raised 77.7 million British pounds ($95.09 million) in a second round of funding, Re ...

Linekong Interactive, a gaming and film production company headquartered in Beijing and listed on The Stock Exchange of Hong Kong (HKEX), is allocating $15 million to invest in projects building on the Bitcoin network.Wang Fang, the founder of Linekong, said in a Nov. 8 tweet tha ...

While the prevailing traditional financing models resulted in the crypto and blockchain sector raising billions of dollars over the years, they are not without weaknesses, according to Project Catalyst’s group product manager.At the recent Cardano Summit in Dubai, Kriss Baird, the pr ...

United States tech investment firm Coatue Management has marked down the value of its stake in non-fungible token (NFT) platform OpenSea by 90%. On Nov. 7, The Information reported on a document it reviewed showing Coatue reduced its investment from $120 million to $13 million — ...

IBM announced the launch of a $500 million Enterprise AI Venture Fund on Nov. 7 that, according to the company, will be focused on “accelerating generative AI technology and research for the enterprise.”Focused on accelerati ...

Vietnamese Web3 coalition Ninety Eight, creator of the Coin98 decentralized finance (DeFi) ecosystem, has launched a $25 million ecosystem fund dedicated to accelerating Web3 startups in Asia.According to the Nov. 7 announcement, the fund will provide financial and strategic support for se ...

Developers of Ethereum layer-2 nonfungible tokens (NFT) scaling solution Immutable (IMX) will delay the vesting of 125 million IMX in token rewards, worth $67 million at the time of publication, to July 2024.According to the October 17 announcement by Robbie Ferguson, Immutable's co-founde ...

In the midst of turmoil within the metaverse industry, Improbable, a British company founded over a decade ago, has managed to maintain its position in the gaming industry by shifting its focus to the metaverse concept. Unlike many other businesses that have faced significant losses and challenges i ...

THORSwap, a decentralized exchange (DEX) powered by multichain THORChain, has taken a proactive step by entering maintenance mode to prevent potential illicit fund movements through its platform. This decision was made after consulting with advisors, legal counsel, and law enforcement. Cross-chai ...

Bitcoin's open interest on derivatives exchanges saw a sudden surge of $1 billion on September 18, leading some to speculate that whales were accumulating in anticipation of the unsealing of Binance's court filings. However, a closer look at derivatives metrics suggests a more nuanced picture. Th ...

A group of cryptocurrency venture investors has established a $20 million fund to invest in undervalued Web3 projects and companies focused on blockchain gaming and digital collectibles.Alpha Protocol Ventures (APV) will look to invest in a variety of projects across the Web3 ecosystem, CE ...

It’s been another week of mixed developments in the crypto industry, with established players winding down operations while newcomers introduce new crypto features and services. Binance’s buy-and-sell crypto arm was shut down on Aug.16, with the crypto exchange remaining under widespread regulato ...

The venture capital world has long been known for its traditional approach to funding and investing in startups. However, the emergence of blockchain technology can potentially disrupt this industry and revolutionize the way venture capital operates.One significant aspect of this disruptio ...

Venture capital giant Sequoia Capital reportedly downsized its cryptocurrency fund from $585 million to $200 million, amid a liquidity crunch and a pivot away toward smaller crypto players.According to a July 27 Wall Street Journal report, the tech-focused VC firm told investors in March i ...

When bringing a new crypto to market, the fastest way to do so is arguably with the help of venture capital (VC) financing. But such a high-risk, high-reward operation in a rapidly evolving field can carry a large degree of uncertainty. At the Ethereum Community Conference event in Paris, several ...

Over $350 million has been raised by crypto venture capital firms Polychain Capital and Coinfund, with respective reported raises of $200 million for a new investment fund and $152 million for a seed fund.A July 18 Forbes report said Polychain’s $200 million sum was raised in the &ld ...

Former FTX executives allegedly splurged millions on funding niche projects completely unrelated to crypto or Web3, including a uniquely named $1.8 million “Pineapple house.”A June 26 report from FTX restructuring chief and CEO John Ray laid out the uses of the allegedly misapp ...

In just 22 years, generative AI may be able to fully automate half of all work activity conducted today, including tasks related to decision-making, management, and interfacing with stakeholders, according to a new report from McKinsey & Co.The prediction came from the management consu ...

Venture capital firm Andreessen Horowitz (a16z) is set to open its first office outside of the United States this year, adding to the backdrop of U.S.-based firms seeking greener pastures outside of the country. Chris Dixon, a16z’s crypto founder and managing partner, cited a &l ...

Ethereum co-founder Vitalik Buterin is working with India-based crypto fund Crypto Relief and Polygon co-founder Sandeep Nailwal to send $100 million toward COVID-19 research and medical infrastructure development in India. Buterin and Nailwal will receive $90 million in USD Coin (USDC) fr ...

Block's CEO became the biggest investor during the investrun of bitcoin startup Azteco. In total, the company managed to raise $6 million. Azteco offers a simplified way to buy bitcoins for people who do not have bank accounts. ...

With growing pressure from U.S. regulators, Bit Digital, a New York-based mining company, is expanding its infrastructure in Iceland. The company plans to locate 2,500 recently purchased mining rigs in Iceland.As Bit Digital CEO Samir Tab ...

Shares of Soluna, a developer of environmentally friendly bitcoin mining data centers, rose 12% after the firm raised $14 million in funding. The funds will be used to complete the development of the Dorothy 1B project in Texas in a new deal with Navitas Global. The deal ...

Mining company HIVE said it plans to reach 4 EH/s production capacity by the end of this year and then increase it to 6 EH/s. That's almost double the firm's current capacity. HIVE explained that the company plans to achieve this goal by using a new batch of next-generati ...

OpenAI CEO Sam Altman plans to raise about $100 million in funding for his Worldcoin cryptocurrency project. According to three people with knowledge of the deal, Sam Altman is in preliminary talks to raise the cash as he prepares to launch Worldcoin in the next few weeks. ...

The company plans to release its token later this year The firm previously unveiled a digital ID and World App OpenAI CEO and Worldcoin co-founder Sam Altman is in talks to raise an additional $100 million. This is the third major round of the company, launched i ...

Australian startup Everledger, specializing in blockchain technology for luxury manufacturers and buyers, filed for bankruptcy and liquidation due to lack of funding. According to a statement from Everledger, despite raising more than $54 million in outside investment. ...

Funds that have raised the most money this week are OKX Blockdream Ventures and C² Ventures All of them participated in two rounds of funding For the past week, 14 projects have received funding from funds. You can read more about each of them below: - Cryptoc ...

Round led by Coinbase Ventures Funds are being used to launch mainnet It is planned for the third quarter of 2023 Layer-2 network zkLink announced the closing of a $10 million strategic funding round led by Coinbase Ventures. ...

This is an encrypted smart contract ecosystem It's radically different from zkEVM Aztec Labs unveiled a roadmap for hybrid zkRollup Level 2. It will be called Aztec. This is an encrypted architecture for using blockchains without revealing user identifying inform ...

Public investment fund Temasek Singapore officially denied rumors about possible participation in the investment program of cryptocurrency startup Array. Temasek's rebuttal came shortly after representatives of the Singapore startup Aggauo announced that it would receive ...

The company is now valued at about $27-29 billion External investors now own more than 30% of OpenAI The OpenAI startup has received new funding of $300 million by selling shares. Tiger Global, Sequoia Capital, Andreessen Horowitz, Thrive and K2 Global and Fou ...

It lets you run the validator in 1 hour The finished product will be released in the coming months The LayerZero project has introduced a tool with the working name Essence. It will allow you to start and install the validator (Oracle & Relayer) in just 1 hou ...

Sei Labs, a leading Tier 1 blockchain developer, has recently raised $30 million in its latest funding round, valuing the company at $800 million. Notable investors such as Jump Crypto, Distributed Global, Multicoin Capital, Asymmetric Capital Partners, Flow Traders, Hypersphere Ventures, and Bix ...

According to anonymous sources cited by Bloomberg, Cameron and Tyler Winklevoss injected $100 million into their company, Gemini, after being unsuccessful in obtaining external funding. The significance of this amount lies in the fact that it corresponds to the funds that Gemini committed to rest ...

The individual who predicted the bottom of BTC in 2022, known as DonAlt, is optimistic about the beginning of a new bull cycle for the first cryptocurrency. DonAlt shared his views on social media, claiming that many traders are excessively doubtful about bitcoin's potential, even after the digit ...