Crypto heavyweights back inflation-resistant savings protocol
The U.S. consumer price index reached a 40-year high in December, capping off a year of aggressive price increases. Go to Source Powered by WPeMatico
Venture Capital
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Binance Labs backs $200M Oasis Ecosystem Fund
The VC firm has thrown its weight behind several blockchain projects with a focus on Web3, decentralized finance and cross-chain capabilities. Go to Source Powered by WPeMatico
OpenSea raises $300 million for encrypted digital marketplace
Opensea’s market value has now surpassed $13.3 billion following the new cash injection. Go to Source Powered by WPeMatico
NFT-focused holding company raises $50 Series A
Nonfungible token projects have raised billions of dollars in venture funding over the past year, underscoring heightened demand in the sector. Go to Source Powered by WPeMatico
Crypto Biz: What’s up with Jack? Dec. 16-23
Jack Dorsey’s controversial views about venture capital and Web 3.0 triggered a flurry of responses on Twitter this week. Go to Source Powered by WPeMatico
Binance VC arm leads $60M round in cross-chain protocol Multichain
Shortly after rebranding from Anyswap last week, Multichain raised $60 million in a seed round led by Binance Labs. Go to Source Powered by WPeMatico
African Startup Raises $6 Million From Pre-Series A Funding Round
Africa Blockchain Lab recently said it has raised $6 million from a pre-Series A investment round and will use the capital to fund the launch of a crypto wallet. Driving Adoption of Cryptocurrencies An African crypto startup, Africa Blockchain Lab, recently confirmed it has received $6 million from a pre-Series A investment round. The round … Read more
Crypto Biz: All I want for Christmas is Bitcoin, Dec. 9–16
As the Federal Reserve keeps inflating asset bubbles this holiday season, gifting your loved ones some BTC doesn’t sound like a bad idea. Go to Source Powered by WPeMatico
Actress Gwyneth Paltrow Invests in Bitcoin Mining Operation Terawulf
The American actress and businesswoman Gwyneth Paltrow has participated in an investment round involving the bitcoin mining operation Terawulf. According to reports, Paltrow and a group of investors made a “substantial, 8-digit equity investment” in the company. Paltrow is well known for her involvement with cryptocurrencies and joined the crypto firm Abra in 2017 as … Read more
Crypto Biz: Smart money ignores BTC price correction as $800M set to flow into blockchain startups, Dec. 9
Crypto- and blockchain-focused capital raises continue to make headlines as venture funds look to support the emergence of Web 3.0. Go to Source Powered by WPeMatico
