Taker Protocol Raises $3M to Transform NFT Liquidity and Utilization

September 20th – New York — Taker Protocol, a crypto liquidity protocol for NFTs, has raised $3 million from a number of reputable investors to build new financial primitives into the burgeoning NFT market. The round was led by Electric Capital, with DCG, Ascentive Assets, Dragonfly Capital, Spartan Group, The LAO, Sfermion and Morningstar Ventures… Continue reading Taker Protocol Raises $3M to Transform NFT Liquidity and Utilization

Immutable raises $60M for its carbon-conscious NFT platform

Immutable, a layer-two nonfungible token (NFT) protocol built on the Ethereum blockchain, has announced a $60 million Series B funding raise from a multitude of corporate venture firms, including Sam Bankman-Fried‘s Alameda Research and Gary Vaynerchuk’s VaynerFund. The funding round was co-led by gaming investment platform Bitkraft Ventures and venture firm King River Capital. The… Continue reading Immutable raises $60M for its carbon-conscious NFT platform

Bit2Me Raises 5 Million Euros as Phase One of ICO Sells Out in Under 60 Seconds

Madrid, September 6, 2021 —  Bit2Me has closed the first phase of its ICO (Initial Coin Offering) in just 59 seconds, raising a figure of 5 million euros. This is the most successful token issue ever launched in Spain. The second phase will start on September 13 and the third phase on September 21.  Record-Breaking… Continue reading Bit2Me Raises 5 Million Euros as Phase One of ICO Sells Out in Under 60 Seconds

Evrynet Raises $7M to Make DeFi More Accessible to Institutional Investors

Evrynet has closed a $7 million funding round. Evrynet Plans to Bring DeFi to Institutional Investors Evrynet is proud to announce a successful round of funding to the tune of $7 million. The round was comprised of numerous high-profile investors and backers. With the funds, Evrynet can bring decentralized finance to an institutional-grade audience. Evrynet,… Continue reading Evrynet Raises $7M to Make DeFi More Accessible to Institutional Investors

Alpaca Raises $50M in Series B Funding, Adds New Asset Class in Crypto

Commission-free stock brokerage platform Alpaca has closed a $50 million Series B on the heels of driving 1500 percent year to date growth in brokerage accounts and expanding partnerships across Europe, Southeast Asia, Africa, North and Latin Americas. Alpaca is an API-first stock brokerage platform that enables developers to build apps and trading algorithms. The… Continue reading Alpaca Raises $50M in Series B Funding, Adds New Asset Class in Crypto

Hats Protocol Raises $3.5 Million for DeFi Incentivized Cybersecurity Network

Security has always been a recurring challenge faced by DeFi protocols. Over tens of exploits, leading to the loss of several millions of dollars, have occurred since the start of 2021 as black hat hackers keep taking advantage of vulnerabilities on these protocols. Hats Token is a solution-based DeFi protocol aiming to address the issue… Continue reading Hats Protocol Raises $3.5 Million for DeFi Incentivized Cybersecurity Network

5G blockchain network raises $111M in Andreessen-led token sale

Helium Network, 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, including Andreessen Horowitz. Alameda Research, Multicoin Capital and Ribbit Capital also… Continue reading 5G blockchain network raises $111M in Andreessen-led token sale

Genesis Digital Assets raises $125M as mining sector pivots to the west

Genesis Digital Assets has become the latest Bitcoin mining firm to raise millions towards plans for aggressive expansion amid the exodus of miners from China due to its crackdown on the sector. On July 28, Genesis announced it had closed a $125 million equity funding round led by U.K.-based Kingsway Capital. The capital will be… Continue reading Genesis Digital Assets raises $125M as mining sector pivots to the west

Axelar Raises $25M Series A to Develop its Universal Blockchain Interoperability Offering

Axelar, the decentralized interoperability network that connects blockchain ecosystems, applications and users, has raised $25 million in its Series A funding from a notable group of investors, led by Polychain Capital. The round also saw participation from Dragonfly Capital; Galaxy Digital; North Island Ventures; Robot Ventures; Collab+Currency; Cygni Capital; Lemniscap; Divergence Ventures; SCB 10X; Hypersphere;… Continue reading Axelar Raises $25M Series A to Develop its Universal Blockchain Interoperability Offering

Phantom raises $9M to launch multi-chain crypto wallet

Cryptocurrency wallet provider Phantom has secured $9 million in Series A financing to launch a new multi-chain wallet designed to help decentralized finance (DeFi) users access decentralized applications (DApps) across multiple blockchains.  The raise comes on the heels of a successful beta launch in April of this year that saw 40,000 new Phantom users. The… Continue reading Phantom raises $9M to launch multi-chain crypto wallet

ClayStack raises $5.2M for liquid staking protocol

Cryptocurrency staking protocol ClayStack has secured $5.2 million in seed funding from several prominent blockchain investor funds, putting it on course to introduce new innovations in staking later this year. The seed round was co-led by CoinFund and ParaFi Capital, with around a dozen other venture funds also participating, ClayStack announced Tuesday. Most notably, Coinbase… Continue reading ClayStack raises $5.2M for liquid staking protocol

US miner raises $105M to recycle waste coal into crypto

The Pennsylvania-based Stronghold Digital Mining has announced the completion of two private equity securities raises worth $105 million. According to an announcement shared with Cointelegraph, the firm’s first power generation facility, the Scrubgrass Generation Plant in Venango County, converts waste coal into energy on a scale equivalent to “a large-scale hydropower plant” that is then… Continue reading US miner raises $105M to recycle waste coal into crypto

Solana Labs raises $314M via private token sale as ecosystem support expands

Cryptocurrency venture capital funds have poured hundreds of millions of dollars into Solana Labs to support further development and execution of decentralized applications and platforms building on Solana.  Solana Labs, the blockchain development studio devoted to incubating Solana projects, announced Wednesday that it had raised $314.15 million through a private token sale — marking one… Continue reading Solana Labs raises $314M via private token sale as ecosystem support expands

OneOf raises $63M for new Green NFT platform for musicians

Sustainable technology company OneOf has raised $63 million in seed funding to finance its new Green NFT platform for musicians, offering further evidence that the market for nonfungible tokens remains hot. Several investors and venture capitalists participated in the seed round, including Bill Tai, Sun Said of Nima Capital, Sangha Capital, Tezos Foundation, Jack Herrick… Continue reading OneOf raises $63M for new Green NFT platform for musicians

HaloDAO Raises $3.5M Seed For Stablecoin Marketplace Protocol Targeting Crypto’s Largest Market Opportunity

SINGAPORE, May 21, 2021 — HaloDAO, a decentralized finance protocol designed to address the growing demand for stablecoins, has closed a $3.5 million seed investment round led by Parataxis Capital. Additional funds participating in the round include QCP Soteria, GBV (Genesis Block Ventures), Spartan Group, NGC, CMS Holdings, LedgerPrime, Genblock, Petrock Capital and others. Notable… Continue reading HaloDAO Raises $3.5M Seed For Stablecoin Marketplace Protocol Targeting Crypto’s Largest Market Opportunity

Metis Raises $4 Million to Scale Ethereum and Drive Web3 Adoption

Ethereum scaling startup Metis has announced the completion of a $4M private round. The latest raise means that Metis has banked $5M to date from private investors and still has a public sale of its native token to come on May 13. Blockchain VCs clamored to write checks for Metis, having been impressed by its… Continue reading Metis Raises $4 Million to Scale Ethereum and Drive Web3 Adoption

Polygon co-founder raises $2.2M for India COVID-19 relief

The cryptocurrency community has donated over $2.2 million to help India battle a resurgence in COVID-19 cases that has gripped the South Asian country over the past month.  Polygon co-founder Sandeep Nailwal established the COVID-19 relief fund to get more food, vaccines and medicine to those in need. On April 24, Nailwal called on his… Continue reading Polygon co-founder raises $2.2M for India COVID-19 relief

Square’s Cash App raises minimum Bitcoin withdrawal to 0.001 BTC

Square’s Cash App, a Bitcoin-friendly mobile payments platform, has raised its minimum withdrawal requirements for BTC holders. The minimum withdrawal amount for Bitcoin accounts is now 0.001 BTC, or 100,000 satoshis, compared with 0.0001 BTC, or 10,000 satoshis, previously. With Bitcoin hovering around $51,800, 0.001 BTC is equivalent to $51.80. The leading cryptocurrency was in… Continue reading Square’s Cash App raises minimum Bitcoin withdrawal to 0.001 BTC

TeraBlock Raises $2.4 Million in Funding Round to Build Beginner-Friendly Crypto Exchange

Automated Crypto investment platform TeraBlock has announced that it has raised $2.4 million in its latest funding rounds from investors. This latest investment is geared towards integrating Binance powered tools to users looking to invest in cryptocurrencies without high market risks.  $2.4 Million Raised From Funding Round TeraBlock made this announcement in a press release… Continue reading TeraBlock Raises $2.4 Million in Funding Round to Build Beginner-Friendly Crypto Exchange

Harley-Davidson raises 2021 growth outlook

Expect 35% earnings growth in 2021: Strategist Alicia Levine on earnings, economy  U.S. motorcycle maker Harley-Davidson on Monday reported a better-than-expected quarterly profit and raised its full-year forecast for sales growth, as its focus on bigger and profitable touring bikes boost demand, sending its shares up more than 8%. Since the middle of last year,… Continue reading Harley-Davidson raises 2021 growth outlook

Pendle Finance raises $3.5M to launch secondary market for DeFi yields

Pendle Finance, a decentralized finance protocol that allows users to tokenize and sell future yields, has completed a private investment round worth $3.5 million to power the next phase of its platform’s evolution.  The private investment round included contributions from several companies, including CMS, DeFi Alliance, Lemniscap, Hashkey Capital, imToken and Spartan Group, among others.… Continue reading Pendle Finance raises $3.5M to launch secondary market for DeFi yields

Boson Protocol raises $25.8M via public token sale

Boson Protocol, a project that aims to connect physical commerce and smart contracts, has concluded a $25.8 million public token sale ahead of listings on several exchanges, including Bitfinex, Kucoin and Gate.io. With the token sale, Boson has successfully raised $36 million in support of its decentralized commerce platform. The company raised $10 million in… Continue reading Boson Protocol raises $25.8M via public token sale

NYDIG raises $100 million and launches ‘Bitcoin-powered’ insurance initiative

New York Digital Investment Group announced the completion of a growth capital funding round as well as the launch of a business initiative relating to Bitcoin. In an announcement today, the New York Digital Investment Group, or NYDG, said it had secured $100 million in funding from major insurance providers including Starr Insurance, Liberty Mutual… Continue reading NYDIG raises $100 million and launches ‘Bitcoin-powered’ insurance initiative