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” Diem team members raise $200M to launch blockchain derived from it “ Former Meta employees and key players behind the firm’s defunc stablecoin project Diem have raised $200 million to expand a new project dubbed “Aptos.” Aptos was cofounded by former Novi — Meta’s crypto unit — strategic partnerships lead Mo Shaikh and tech…
” Crypto quant firm Gauntlet valued at $1B following Series B “ Crypto-focused financial modeling platform Gauntlet has achieved unicorn status after raising $23.8 million in Series B funding from some of blockchain’s biggest venture funds. The investment round was led by Ribbit Capital, a Palo Alto-based venture firm, with participation from existing investors Paradigm…
“Buffalo Bills’ billionaire owner set to get $1B in public funds for new stadium” The billionaire owner of the Buffalo Bills appears poised to get a record amount of public funding for a new stadium in what critics are calling an unprecedented giveaway. Gov. Kathy Hochul — a Buffalo native — is expected to announce…
” Stacks price plunges hard after rallying 70% in a day — more STX losses ahead? “ Stacks (STX) pared a considerable portion of the gains it made on March 10 as the euphoria surrounding its $165 million pledge to support Bitcoin (BTC) projects showed signs of fading. STX’s price dropped by over 30% to reach…
” Avalanche aims to accelerate subnet adoption with multiverse incentive program “ Blockchain network Avalanche announced the launch of Avalanche Multiverse, an incentive program that will accelerate the adoption of subnets that are app-specific blockchain ecosystems. According to the director of Avalanche Foundation, Emin Gün Sirer, subnets are the next big thing on the blockchain….
” City-building startup Praxis secures $15M in Series A Funding “ Peter Thiel-backed city-building startup Praxis has raised $15 million in Series A funding from a variety of crypto venture firms led by Paradigm Capital, Sam Bankman-Fried’s Alameda Research, and Three Arrows Capital. Dryden Brown of New York University, and Charlie Callinan of Boston College,…
“# South African exchange raises $50M in Africa’s largest funding round ” South African crypto exchange VALR has raised $50 million in a Series B equity funding round, marking the largest-ever funding for an African crypto exchange. With this latest round of funding, VALR’s valuation has increased to $240 million, a 10X in growth since…
“# Ukraine accepts Bitcoin, Ethereum, USDT donations to fund ongoing war ” Within the first week of the Russia-Ukraine war, the Ukrainian government has reached out to the crypto community on Twitter for raising funds to support its civilians and troops. Ukraine has now started accepting Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) as donations….
“# BitPanda to provide crypto custody with the acquisition of FCA-approved Trustology ” BitPanda, a Viena-based crypto exchange platform has made its maiden acquisition in the form of United Kingdom-based Trustology, a crypto custodian and wallet service provider for an undisclosed amount. BitPanda will rebrand the newly acquired fintech firm to BitPanda custody in a…
“# Finance Redefined: Axelar becomes a unicorn, new ETH addresses hit 1.5M per month, Feb. 11–18 ” Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. This week has been full of funding raises, innovations, service deployments and a bit of volatile technical price action — for a change. Axelar Network attains $1B valuation…