Tag: 75M

Argo Blockchain cuts 2022 debt by half, down to $75M

The mining company, which has been one of a number of firms to struggle amid negative market conditions and a highly-competitive mining ecosystem, reported half year net losses of $18.8 million in 2023, down over 50% from a net loss of $39.6 million in H1 2022. Argo also notes that it has reduced its debt by $4 million in 2023, taking its total debt to $75 million. The company has cut its debt by $68 million, having owed $143 million in June 2022. Revenues were down by 31% in comparison…

DeFi Trading Platform Aurox Seeking Funding at $75M Valuation

Aurox launched an all-in-one trading platform called Aurox Terminal in 2020 that integrates more than 50 exchanges and now has 70,000 users and $1 billion of trading volume, the firm said on its fundraising site. It also has a crypto wallet product, and crafted its own DeFi smart contract protocol and native ecosystem token URUS. Source

Blockchain Founders Fund Announces Fund II Final Close at $75M

The Fund currently supports more than 100 startups with its investments. Blockchain Founders Fund (BFF), a Singapore-based venture capital fund that invests in top-tier blockchain startups worldwide, recently generated $75 million in its recently-closed Fund II. The VC fund announced the final close of its Fund II on February 27, following the principal close in early 2022. Blockchain Founders Fund Closes Fund II According to the press release on the Fund II conclusion by Blockchain Founders Fund, key investors, family offices, and institutions contributed to the funding. They include Ripple, Appworks, Octava,…

Blockchain Founders Fund raises $75M to encourage Web3 mass adoption

Blockchain Founders Fund, a venture capital fund supporting the adoption of Web3 and blockchain technology, has announced the close of a $75 million fundraising round from companies such as Polygon, Ripple, Octava, NEO Global Capital, Appworks, GSR, LD Capital, Metavest Capital and others, such as Sebastien Borget, chief operating officer of The Sandbox. According to the announcement, the fund will focus on supporting high-potential early-stage pre-seed and seed projects that encourage the mass adoption of Web3 and blockchain technology. The fund has already invested in over 100 startups, including Altered State…

$75M worth of FTX’s political donations at risk of being recalled due to bankruptcy: Report

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Following the collapse of FTX and its Nov. 11 bankruptcy filing, $73 million worth of its political donations is currently at risk of being recalled to repay the failed exchange’s creditors, according to a report by Bloomberg. Speculators online allege that the former FTX CEO and his executives sought to influence industry regulations with their generous multimillion-dollar donations to politicians and super PACs. Sam Bankman-Fried and executives Ryan Salame and Nishad Singh are believed to have been high-paying donors to both the Republican and Democratic United States political parties. Many politicians who…

ZoidPay to Revolutionize the Web3 Landscape With $75M Investment Commitment From GEM Digital – Press release Bitcoin News

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press release A $75M financial commitment is set to establish ZoidPay as the go-to open architecture for building the next generation of Web 3.0 financial services. PRESS RELEASE. November 3, 2022, Bucharest, Romania — ZoidPay, the leading Web 3.0 architecture provider, has secured an investment commitment of $75M from digital asset investment firm GEM Digital Limited (“GEM”). The funding is aimed at developing the go-to open architecture for building the next generation of financial services, scaling the first on-demand Metaverse, facilitating the first-ever bank acquisition by a blockchain firm, and…

PwC Crypto Head Departs to Set Up $75M Digital Asset Fund in Dubai: Report

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Blockchain Gaming Publisher Animoca Brands Secures $75M — Firm’s Pre-Money Valuation Rises to $5.9B – Bitcoin News

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The non-fungible token and blockchain gaming company Animoca Brands has announced the firm has raised $75 million from investors such as Kingsway Capital, Liberty City Ventures, and others. The capital injection of $75 million brings Animoca’s overall pre-money valuation to $5.9 billion. Animoca Brands Secures $75 Million to Bolster Digital Property Rights The Hong Kong-based crypto gaming, NFT, and venture capital company Animoca Brands has raised $75.32 million, according to an announcement published on July 12. The newly raised capital stems from investors like Cosmic Summit Investments, Liberty City Ventures,…