Tokenize Xchange, a crypto exchange founded in 2017, has successfully raised $11.5 million in a latest funding round for expansion in Singapore. According to a recent report by The Straits Times, the Series A, Phase 2 funding round was led by the local venture capital firm Trive with other participants including high-net-worth individuals. Tokenize Xchange’s…
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Avail’s Goldberg testnet has successfully processed over 100 million transactions, marking a pivotal achievement in its preparation for a mainnet launch. 100 million transactions on the Goldberg testnet!!! Do you see that?! Shoutout to @subscan_io for building Avail’s newest explorer You can see it for yourself here – https://t.co/dD2DiTrLtQ https://t.co/hZ7HcobKR9 — Avail | ETH Denver…
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Venture capitalists are warming up to funding blockchain and crypto projects, ready to fuel the next wave of innovations. After two years of hardship, crypto entrepreneurs are now seeing a potential shift in fortunes, with Bitcoin’s surge of over 30% in the past month reigniting interest in funding opportunities within the industry. While still low…
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Venture Capital firm Andreessen Horowitz has invested $100 million in crypto restating startup EigenLayer after its latest funding round. A new Bloomberg report shows the company backed the startup with a $100 million investment as it gains popularity with its restaking model. Venture firm Andreessen Horowitz invested $100 million in crypto startup EigenLayer, suggesting that…
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Crypto’s comeback year is getting even better, as venture capitalists are reentering the funding arena. Breaking a downward trend, VC investment in crypto startups climbed 2.5% to $1.9b in Q4 2023, marking the first such rise since Q2 2022, PitchBook data published Thursday showed. Though still significantly lower than its peak, the fourth quarter marked…
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Analog has raised $16 million in the latest funding round to develop its cross-chain communication tools at a valuation of $120 million. According to a recent social media post by Analog, the funding round led by Tribe Capital has funneled $16 million to Analog. The company plans to utilize the fund for blockchain interoperability. “We’re…
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Cryptocurrency exchange Bitget has launched a new initiative dubbed the “Blockchain4Her” group which aims to support female-led businesses. It is no secret that the blockchain and Web3 sector has been historically male-dominated. Blockchain4Her will launch incubation programs tailored especially for female entrepreneurs. This will include a $10 million fund which will support female-led startups in…
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The Hedera Council announces an allocation of 4.86 billion HBARs, primarily focused on bolstering initiatives like the HBAR Foundation, Hashgraph Association, and DLT Science Foundation. Hedera Council Commits 4.86 Billion HBARs In a move towards enhancing its network and decentralized governance, the Hedera Council has approved an allocation of funds amounting to 4.86 billion HBARs,…
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Source: AdobeStock / Rafael Henrique Cryptocurrency exchange Bitget has released a report on blockchain funding across 2022 and 2023 highlighting the latest trends including gender disparities in the present VC ecosystem. In a Jan 11 release, the exchange revealed that blockchain startups have received $27.85 billion between January 2022 and Q3 2023 while marking a…
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Roughly 24 hours following the announcement of a settlement with U.S. officials, Nansen reported Binance’s total holdings increased to more than $65 billion. 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…
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