Nonfungible token projects have raised billions of dollars in venture funding over the past year, underscoring heightened demand in the sector. Digital asset curator Metaversal announced Tuesday that it has completed a $50 million funding round to further expand its investment capabilities in the nonfungible token (NFT) and metaverse sectors. The Series A funding round…
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Co-founded in 2018 by Chinese R&D expert Tang Hongbo, DeBank allows users to track 798 protocols across 17 chains. DeBank, a cryptocurrency wallet focused on decentralized finance (DeFi) solutions, has closed new funding led by major venture capital firm Sequoia China. The firm announced Tuesday on Twitter that it raised $25 million, bringing DeBank’s total…
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Jack Dorsey’s controversial views about venture capital and Web 3.0 triggered a flurry of responses on Twitter this week. When you’re no longer at the helm of a publicly-traded company, you have more leeway to express controversial views. Former Twitter CEO Jack Dorsey took to social media this week to express his discontent over venture…
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Pantera Capital’s Lauren Stephanian said the platform’s collateralization of NFTs could incentivize participation from institutional investors. Arcade, a platform that allows users to utilize nonfungible tokens (NFTs) as loan collateral, has raised $15 million in a Series A funding round with participation from Pantera Capital. In a Wednesday announcement, Arcade said Pantera, Castle Island Ventures,…
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Shortly after rebranding from Anyswap last week, Multichain raised $60 million in a seed round led by Binance Labs. Binance Labs, the venture capital and incubation arm of Binance cryptocurrency exchange, has led a financing round for the cross-chain protocol Multichain, previously known as Anyswap. Shortly after rebranding from Anyswap last week, Multichain has raised…
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The SBI crypto-asset fund consists of seven cryptocurrencies including Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, Chainlink and Polkadot, none exceeding more than 20% in ratio. Tokyo’s biggest finserv firm, SBI Group, will now allow general Japanese investors to purchase cryptocurrencies via its newly launched ‘crypto asset fund’. The fund is composed of seven cryptocurrencies including…
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As the Federal Reserve keeps inflating asset bubbles this holiday season, gifting your loved ones some BTC doesn’t sound like a bad idea. On Wednesday, the United States Federal Reserve wrapped up its final policy meeting of 2021 by voting to keep interest rates at record lows. In doing so, the Fed set the stage…
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Upbit operator Dunamu plans to expand its joint NFT venture with South Korean entertainment firm HYBE. Dunamu, the operator of major South Korean cryptocurrency exchange Upbit, is progressing with blockchain development as its blockchain arm Lambda256 secured new funding. According to a Dec. 15 announcement, Lambda256 raised 70 billion Korean won ($60 million) in a…
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The raise marks the first time investment giant KKR directly invests in a cryptocurrency firm. Major cryptocurrency custody bank Anchorage Digital has closed a fresh funding round, bringing its valuation to over $3 billion. Anchorage Digital announced on Wednesday that it had raised $350 million in a Series D funding round led by equity investment…
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BTC and altcoins took a severe hit on Dec. 13, but derivatives data suggests traders are watching $46,000 as a signal of whether the current market structure will hold up. Dec. 13 will likely be remembered as a “bloody Monday” after Bitcoin (BTC) price lost the $47,000 support, and altcoin prices dropped by as much…
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