Tag: 10M

Bitcoin could hit $10M in 9 years but more sidechains needed: Blockstream CEO

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Blockstream CEO Adam Back believes the price of Bitcoin (BTC) could reach $10 million by the end of the sixth halvening in 2032, as long as Bitcoin layer-2 technology and wallet infrastructure improves. In a Feb. 12 Twitter thread, Back, one of the contributors to Bitcoin core, was explaining to his 509,000 followers in what situation Hal Finney’s $10 million price prediction for BTC could come true. He noted that BTC has doubled in price year-on-year on average since 2013 and explained that if that trend continues, BTC price would…

Decentralized Identity Network Space ID Raises $10M

“Universal naming service is a fundamental component of widespread crypto adoption, and the SPACE ID team sits at the forefront of a cutting-edge version,” said Poylchain Capital investor Luke Pearson in the post. “By facilitating the union between identity, privacy, and sovereignty within Web3, SPACE ID allows users to retain their personal identity whilst providing a human-readable address to interact with digital networks.” Source

Web3 Infrastructure Startup Spatial Labs Raises $10M

The round also included Marcy Venture Partners, an investment firm co-founded by musician and entrepreneur Jay-Z. Marcy previously backed Spatial Labs in a $4 million pre-seed round in 2021. Other backers in the latest round included noted businessman Ron Burkle, music producer Scooter Braun as well as Anthony Tolliver, a former pro basketball player, and Bobby Wagner, a linebacker for the Los Angeles Rams. Source

Semafor to Buy Back $10M Investment from SBF

Besides media platforms like Semafor and The Block, political organizations that were major beneficiaries of Bankman-Fried’s benevolence are also scrambling to wash their hands clean. Media platform, Semafor is set to buy back the $10 million cash injection it received from Sam Bankman-Fried (SBF), the embattled founder and former Chief Executive Officer of the now-bankrupt cryptocurrency exchange, FTX. As reported by the New York Times (NYT), Semafor plans to raise funding from other external sources in a bid to cushion the amount it plans to use to buy back the…

Bitcoin Miner Terawulf Raises $10M in Fresh Capital to Pay Down Debt, Restructures Deal With Bitmain – Mining Bitcoin News

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On Monday, Dec. 12, 2022, the Maryland-based bitcoin mining company Terawulf announced that the firm has raised $10 million in capital to pay down debts. The firm also said that it restructured a deal with Bitmain which will enable the company’s self-mining capacity to expand and fully leverage the 160 megawatts of Terawulf’s available mining capacity. Terawulf Raises $10 Million in New Capital, Restructured Bitmain Deal Will Give the Firm 8,200 ASIC Mining Rigs Bitcoin miners have been struggling this year as the price of bitcoin (BTC) has reduced profits…

DeFi protocol raises $10M from Bitfinex, Ava Labs despite turbulent market

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The ongoing crypto bear market has proven itself to be a builders market as investments continue to find projects with promise. Onomy, a Cosmos blockchain-based ecosystem, just secured millions from investors for the development of its new protocol. The project merges decentralized finance (DeFi) and the foreign exchange market to bring the latter on-chain. According to the developers, the latest funding round garnered $10 million from big industry players such as Bitfinex, Ava Labs, the Maker Foundation and CMS Holdings among others. Lalo Bazzi, co-founder of Onomy, said the underlying…