Tag: 110M

Polygon Labs Starts 110M MATIC Grant Program to Draw Builders to Its Ecosystem

CryptoX – Cryptocurrency Analysis and News Portal Direct grants of up to 2 million MATIC ($1.55 million) will be offered to later stage projects, Polygon Labs said in an emailed announcement on Thursday. Early stage projects can apply for so-called quadratic funding grants, whereby community members make donations that act as votes on where they are allocated. Source The post Polygon Labs Starts 110M MATIC Grant Program to Draw Builders to Its Ecosystem appeared first on CryptoX. CryptoX Portal

Avi Eisenberg’s $110m crypto fraud trial gets rescheduled

The trial for Avi Eisenberg, the crypto trader accused of a $110 million fraud, has been pushed back to April 2024. The trial was initially scheduled to kick off next month. Originally set to commence on Dec. 8, Eisenberg’s trial has faced delays due to several factors. His legal team requested additional time to prepare, citing the case’s complexity involving unique legal and factual issues related to crypto-native concepts.  Eisenberg’s lawyers sought extra preparation time, highlighting the intricate and unprecedented legal challenges posed by the alleged fraud. Unlike conventional fraud…

AI Chipmaker d-Matrix Raises $110M in Series B Funding Round

d-Matrix’s innovative chip designs have been gaining recognition, particularly for their effectiveness in powering generative AI applications like ChatGPT. d-Matrix, a rising star in the artificial intelligence (AI) chip industry, has successfully secured a significant $110 million in a series B funding round, with substantial support from heavyweight investors, including tech giant Microsoft Corp. This latest funding achievement comes at a time when many chip companies are grappling with challenges in securing investments. According to a Reuters report on August 6, the funding round, led by Singapore-based Temasek, with participation…

Deposits to zkSync surpass $110M as its DeFi ecosystem explodes

The total amount of funds bridged to zkSync reached $115 million within 10 days of the public mainnet launch as users rush to farm the airdrop of the Ethereum rollup’s expected native token, per L2BEAT data. The zkSync era mainnet was launched one day after the March 24 Arbitrum airdrop. The median airdrop for eligible wallets was 1,250 ARB, earning its owners around $1,500 in free money. As users rushed to farm the next airdrop, zkSync has emerged as one of the most popular airdrop plays for the market. The…

Crypto VC gCC Raises $110M Early-Stage Fund

gCC Fund II will invest between $500,000 to $5 million per project through both initial and follow-on investments. The firm is targeting 50 or so portfolio companies. Areas of interest include decentralized autonomous organizations (DAOs), guilds, Web 3 apps, games and protocols. gCC is willing to invest in the earliest stage companies and is blockchain-agnostic. Source

ETH price hits $3K as major crypto fund adds over $110M Ethereum to Lido’s staking pool

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Ethereum’s native token Ether (ETH) rose above $3,000 on March 22 as fresh data suggests Three Arrows Capital staked at least $110 million worth of ETH into Lido’s liquidity pools. The Singapore-based hedge fund manager provided liquidity worth 36,401 ETH to Lido’s “Curve stETH pool” using a third-party Ether wallet, data from Etherscan shows. As a result, it became eligible to receive at least 36,401 stacked Ether (stETH) tokens from Lido: To ensure low slippage when un-staking those tokens for real ETH plus staking reward. Third-party Ethereum wallet that received ETH from Three…

Paradigm Leads $110M Investment in Bahrain’s First Licensed Crypto Brokerage

CryptoX – Cryptocurrency Analysis and News Portal Bahrain-based cryptocurrency exchange Rain Financial has raised $110 million in a Series B funding round co-led by Paradigm and Kleiner Perkins, according to a press release shared with CryptoX. The company will use the capital to pursue licensing in additional countries, enhance its technology platform and expand the team. Source The post Paradigm Leads $110M Investment in Bahrain’s First Licensed Crypto Brokerage appeared first on CryptoX. CryptoX Portal