The crypto market has experienced a significant surge in fundraising, reaching a whopping $2.4 billion in the first quarter of 2024, fueled by a shift in market sentiment and fresh inflows. According to a recent analysis by PitchBook, a leading data provider for private and public market investors, there has been a substantial increase in…
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Georgia’s security service has claimed overseas actors are using crypto to fund a spate of protests that have divided the country. Thousands have taken to the streets in the capital Tbilisi in recent days, with smaller protests also taking place in the cities of Zugdidi, Kutaisi, and Gori. But the State Security Service of Georgia…
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For the second month in a row, crypto venture capital funding has exceeded the $1 billion mark, highlighting continued investor interest in the industry. According to data from RootData, April witnessed $1.02 billion in funding spread across 161 investment rounds, slightly down from March’s $1.09 billion across 186 rounds. Nonetheless, this marks the first time since October-November…
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Volta has raised $4.1 million in seed funding to develop a crypto platform for institutional investors. According to a press release shared with Cryptonews.com, the funding round was led by Fika Ventures and Haven Ventures. Other participants included Soma Capital, Dispersion Capital, and Uphonest Capital. Volta Circuit’s Comprehensive Features This investment aims to support the…
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BAXUS, a global marketplace for collectible spirits, has completed a seed funding round to enhance its web3-enabled trading platform. According to a press release shared with Cryptonews.com, the $5 million funding round was led by Multicoin Capital, with significant contribution from Solana Ventures, Narwhal Ventures, FJ Labs, in addition to high-profile angel investors. BAXUS to…
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Venture capital funding for cryptocurrency and blockchain projects has experienced its first quarterly rise since 2021. Crunchbase data published today reveals that Web3 startups managed to secure just under $1.9 billion in funding across 346 deals in the first quarter of 2024. This marks a significant 58% increase from the previous quarter, offering a glimmer of hope…
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Artificial intelligence firm Sapien AI has raised $5 million in a seed funding round with participation from Primitive Ventures, Animoca Ventures, Ravikant Capital, and Yield Guild Games. In an announcement, the firm said the funding will be used to accelerate Sapien’s mission of providing scalable annotation services for training AI models through its gamified data…
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Mergers and acquisitions (M&A) financing activities in the cryptocurrency sector through the first quarter of 2024 are up 22% compared to the previous quarter, according to a research note from Architect Partners. In an announcement, the firm said, the uptick in M&A activity is good news, but still below the pace of the peak year 2022.…
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Silicon Valley-based venture capital firm Andreessen Horowitz (a16z) founded by Marc Andreessen and Ben Horowitz is investing $30 million in gaming startups in the next 45 days. Andrew Chen is a general partner for a16z Games took to the social media platform X to share the funding announcement. Chen said the firm will invest the $30…
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Web3 gaming platform Elixir Games has raised a $14 million seed funding round from Square Enix, the Solana Foundation and Shima Capital, and others. Funding will be used by Elixir Games to launch its native token “$ELIX” and its “Launchpad & Incubation Program” which go live later this year. In an announcement, Elixir Games said…
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