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“# Publicly-backed XREX raises $17M to solve dollar liquidity issues through blockchain ” Blockchain fintech company XREX has concluded a $17 million pre-A investment round led by a consortium of global investors, underscoring heightened institutional demand for crypto-focused startups. The consortium was driven by CDIB Capital Group, a publicly traded company in Taiwan, and includes…
“# Derivatives data shows pro traders turning bullish on EOS price ” EOS rallied in May after Block.one, a blockchain software firm, announced a $10 billion funding round to build an EOS-based crypto exchange platform called Bullish. The EOSIO development company revealed that it had raised capital from Peter Thiel and Mike Novogratz, as well…
“# Digital payment ecosystem MobileCoin raises $66M ” MobileCoin, a crypto-focused digital payment ecosystem, announced Wednesday that it has concluded a $66 million funding round as part of a wider effort to bring more of its products and services to market. The Series B had participation from several leading venture funds from within the blockchain…
“# Tiger Global backs $24M funding round for blockchain security firm CertiK ” Blockchain security firm CertiK has concluded a $24 million funding round as part of its ongoing efforts to expand its product and security offerings for the decentralized finance, or DeFi, sector. The funding round, which was co-led by Tiger Global and GL…
“#9/11 museum scrapping 20th anniversary memorial is a disgrace” As the 20th anniversary of the 9/11 terrorist attack looms, the National September 11 Memorial & Museum is crying poverty for the second year in a row. This time, it says it can’t afford to mount special exhibitions planned to mark the two-decade milestone. In 2020,…
“# New funding round sees Reddit gain $4B in valuation since February ” Popular social media platform Reddit has gained $4 billion in value since its last funding round earlier this year in February. Six months ago, the firm raised $250 million in Series E funding at a valuation of $6 billion. In the latest…
“# Crypto tax startup TaxBit raises $130M in funding round, now valued at $1.3B ” Already classified as a unicorn startup, United States-based cryptocurrency tax software developer TaxBit now has a valuation of more than $1.3 billion after a recent funding round. According to a Thursday announcement, IVP and Insight Partners led a $130 Series…
“# 5G blockchain company raises $111M in Andreessen-led token sale ” Helium Inc., a provider of decentralized wireless infrastructure, has concluded a $111 million token sale led by some of the biggest venture firms in the blockchain industry. The sale, which centered around Helium’s native token, HNT, was scooped up by several venture capital firms,…
“# Digital asset exchange Blocktrade concludes $25M investment round ” Luxembourg-based Blocktrade has become the latest cryptocurrency exchange to receive major backing from venture capitalists, offering further evidence that digital asset startups are becoming a prime target for investment funds. Private investors across 33 countries participated in the $25.8 million, or 22 million euros, Series…
“# Indonesian crypto exchange Pintu raises $35M in Series A ” Pintu, Indonesia’s first mobile native cryptocurrency wallet and trading platform, has raised $35 million from some of blockchain’s biggest venture funds — putting the company on track to expand its team and product offerings in the near future. The Series A was led by…