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“# Blockchain sector drives female participation through funding and education ” While it’s encouraging to see that the number of female crypto investors is on the rise, women participation within the blockchain technology sector remains low. This was recently confirmed in a report from the World Economic Forum, which found that the COVID-19 pandemic has…
“# Major Brazilian crypto asset manager secures $26M in funding ” Hashdex, the Rio de Janeiro-based crypto asset manager with over 4 billion Brazilian real ($765 million) in assets under management, has raised $26 million in a new funding round from investors. According to Bloomberg on Wednesday, venture capital firm Valor Capital Group led the…
“# Babel Finance raises $40M to expand crypto offerings ” Babel Finance, a Hong Kong-based cryptocurrency financial services provider, has secured $40 million in venture capital financing to expand its offerings to more institutional clients. The Series A investment round was led by Zoo Capital, Sequoia Capital China, Dragonfly Capital, BAI Capital and Bertelsmann and…
“#Forbes Media reportedly in talks to sell to venture firm for $650M” Forbes Media, owned by Asian investors since 2014, is in exclusive talks to sell itself for $650 million to an investment group led by Michael Moe, head of merchant bank GSV. Bloomberg on Thursday reported that Moe’s consortium has an exclusivity window for…
“# PayPal crypto partner Paxos raises $300M ” Paxos, a major cryptocurrency company and PayPal’s crypto collaborator, has completed a massive fundraising round shortly after receiving preliminary approval to form a national trust bank. On Thursday, the firm announced a new $300-million Series D funding round bringing Paxos’ valuation to $2.4 billion. The new funding round…
“# Tim Draper-backed crypto derivatives exchange raises $18M ” A new global cryptocurrency derivatives exchange, Globe Derivative Exchange — or GlobeDX — continued its preparation for the platform’s launch by securing another major raise. GlobeDX announced Wednesday that the firm successfully raised $18 million through a new funding round featuring investors like seed money startup…
“# VC funds bullish on crypto, increase investment in blockchain startups ” Venture capital funding for crypto and blockchain startups looks set to break records in 2021. As previously reported by Cointelegraph, crypto firms received more funding in the first quarter of 2021 than the whole of 2020. Indeed, three companies in the market attracted…
“# Amid developer drought, teams turning to hackathons to find talent ” Amid a bull market for decentralized finance (DeFi) that has teams developing new products at a breakneck pace, the demand for smart contract developers couldn’t be higher — but, unfortunately, the amount of available talent couldn’t be lower. Team members from multiple projects…
“#Kim Kardashian’s Skims shapewear reportedly valued at $1.6B” Kim Kardashian West’s newest startup just joined her in the billion-dollar club. The reality TV icon’s Skims shapewear brand says it’s snagged a new batch of private investments valuing it at $1.6 billion. The deal also stands to lift Kardashian West’s coffers on the heels of her…
“# Badger DAO integrates with institutional DeFi gateway Fireblocks ” In a blog post today, decentralized finance (DeFi) protocol Badger DAO announced a forthcoming integration with Fireblocks, a digital asset storage, management, and DeFi on-ramp for institutional investors. “We’re excited to announce a strategic partnership between Fireblocks and BadgerDAO to enable their 200+ institutional clients…