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“# Crypto asset manager Cobo raises $40M to launch DeFi-as-a-service ” Digital asset manager Cobo has raised $40 million to advance institutional pathways to decentralized finance products, offering compelling evidence that more Asia-Pacific investors are seeking secure access to the DeFi market. The Series B financing will be used by Cobo to develop the first…
“# Solana DEX raises $18M Series A from Three Arrows Capital, Coinbase Ventures ” Solana ecosystem project Orca has concluded an $18 million Series A investment round led by some of the biggest venture funds in crypto, offering further evidence that high-profile investors are keen to back SOL-based startups. Orca, which operates as a decentralized…
“# One River Digital raises $41M from Goldman Sachs and Coinbase ” One River Digital, a cryptocurrency-focused hedge fund offering exposure to Bitcoin (BTC) and Ether (ETH), has closed its first funding round after launching last year. One River Digital president Sebastian Bea confirmed Wednesday that the company had raised $41 million in a Series…
“# 10% of early-stage startups working on blockchain: GSER 2021 ” With venture capital funding seemingly prioritizing emerging technology, the blockchain industry experiences a significant influx of capital from corporate backers. According to the Global Startup Ecosystem Report 2021 published on Wednesday, blockchain-based businesses account for 10% of startups worldwide. The figure is part of…
“# Bitcoin miner Genesis Digital Assets raises $431M ” Major Bitcoin (BTC) mining company Genesis Digital Assets has secured $431 million in funding to expand its industrial-scale mining operations in the United States and Nordics. The new funding round was led by Paradigm, one of the biggest cryptocurrency investment companies backing major industry players like…
“# Coinbase Ventures, Samsung NEXT back Metrika’s $14M Series A ” Blockchain intelligence platform Metrika has concluded a $14 million Series A fundraiser to bootstrap the next phase of its growth strategy, further underscoring venture capital demand for budding blockchain startups. Metrika announced Tuesday that the funding will be used to further develop its blockchain…
“# Sorare scores $680M funding led by SoftBank to grow its NFT sport portfolio ” Sorare, a marketplace for nonfungible token (NFT) trading cards, has raised $680 million in a Series B funding round led by Japanese fintech giant SoftBank, resulting in a revised valuation of $4.3 billion for the platform. According to the company,…
“# Bitcoin is great, but real crypto innovation has moved elsewhere ” Something is brewing, and those with finely tuned noses can smell it. As traders have come to expect, Bitcoin (BTC) is doing “Bitcoin things” by bouncing around between the usual “key” support and resistance levels, and to be honest, it’s all starting to…
“# Avalanche (AVAX) just hit a new ATH, but what’s really behind the price surge? ” On Sept.16 Avalanche (AVAX) price hit a new all-time high at $68.89 and over the last few months the project has risen to challenge the Ethereum (ETH) network’s dominance among smart contract platforms. According to the project’s website, the…
“# Multimillion-dollar investment rounds spark rallies in Avalanche and Audius ” Altcoins continue to book notable gains on Sept. 16 as a slew of celebrity endorsements, major investments and the growing popularity of cross-chain bridges catch investors’ attention. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets…