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“# a16z shines the spotlight on DAOs by leading Syndicate’s Series A ” California-based venture fund Andreessen Horowitz announced Tuesday that it is leading a Series A investment round for Syndicate, a decentralized platform with a lofty vision to democratize investing by allowing users to create decentralized autonomous organizations, or DAOs. Ali Yahya, one of…
“# Billionaire Simon Nixon’s venture capital to increase crypto allocation ” English billionaire and Moneysupermarket.com founder Simon Nixon has plans to increase his crypto investments through his London-based venture capital firm. According to a Bloomberg report on Thursday, Adam Proctor, managing director for Nixon’s investment firm Seek Ventures, said that the company intends to increase…
“# Mark Cuban-backed Alethea AI closes $16M private token sale ” Nonfungible token protocol Alethea AI has closed a $16 million private token sale to build scalable infrastructure for the NFT market, highlighting once again the growing demand for digital collectibles. Billionaire investor Mark Cuban was among the backers of the Alethea AI token sale,…
“# 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…
“#OnlyFans says it will ban sexually explicit content” OnlyFans said Thursday that it will ban sexually explicit content from its platform, shocking smut-obsessed users of the wildly popular photo and video-selling site. The company said nude photos and videos will still reportedly be allowed if they meet the company’s new guidelines — but “sexually explicit content” will not be…
“# 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…
“#Masa Son pours money into new fund as Softbank scales back China bets” Softbank CEO Masayoshi Son is doubling down on his investments. The billionaire investor behind tech companies like WeWork, Alibaba and Doordash plans to invest $2.6 billion of his own money for a 17 percent stake in SoftBank’s most recent venture capital play:…
“# 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,…
“# Indian crypto exchange becomes unicorn after $90M funding round ” Mumbai-based crypto exchange CoinDCX has raised $90 million in a Series C funding, becoming the first crypto business in India to reach unicorn status. According to the announcement, the funding round was led by B Capital Group and saw participation from returning investors including…