Tag: 85M

Holiday lull doesn’t slow crypto funding as Sentient scores $85m, Lombard raises $16m

The past week saw relatively low crypto funding activity, primarily due to the July Fourth holiday in the U.S. Despite the holiday lull, several notable funding activities showcased the ever-growing interest in the potential of web3 innovations. Sentient, $85 million Sentient, an artificial intelligence (AI) research organization, collected an impressive $85 million in seed funding.  Founders Fund, Pantera Capital, and Framework Ventures led the effort, with participation from an extensive list of investors, including Ethereal Ventures, Robot Ventures, and Delphi Ventures.  Sentient seeks to foster an open AGI economy for…

Real-Time Accounting Platform Integral Raises $8.5M in First Round of Funding

Integral builds financial management software for Web3 teams. Real-time analysis of items such as profit and loss statements, balance sheets and cash flow is valuable for all companies, but especially crypto companies, as the difference in a few days of making financial decisions could be worth millions in crypto assets. According to a statement from Integral, the company has helped process about $5 billion in crypto transactions over the past five months. Source

ZCash surges 7% after Digital Currency Group CEO announces $85M purchase

Digital Currency Group CEO and founder Barry Silbert has purchased more ZCash to add to his company’s coffers as the price of the token moved above $240 for the first time in days. In a Wednesday tweet to his more than 678,000 followers, Silbert announced the purchase of $85 million in Zcash (ZEC), or roughly 376,106 tokens assuming an average price of $226. The buy is just the latest for Silbert, who seems to be portraying himself as a contrarian in the crypto market — responding to negative comments on…

Decentralized Exchange ZkLink Raises $8.5M Ahead of Market Launch

“Trustless interoperability is the holy grail of blockchain, but there aren’t many projects and products tackling cross-chain from a user perspective,” said Michael Arrington, founder of Arrington Capital, in the press release. “ZkLink’s innovative decentralized exchange is tackling this obstacle and making it easier than ever for anyone to take part in secure, safe cross-chain asset swaps.” Source

PayPal-Backed Tink Raises €85M in Extended Investment Round, Company Valued at €680M

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Tink’s valuation has jumped more than 60% in 2020. At the beginning of the year, the Swedish fintech startup’s valuation was €415 million.  PayPal-backed Swedish fintech startup Tink is now valued at 680 million euros ($827 million) after a new investment round extension. Tink is one of the tech startups that have ventured into open banking. Apart from PayPal Holdings Inc (NASDAQ: PYPL), Tink is also backed by top European banks like BNP Paribas and ABN. Other participants in the latest investments round are Heartcore, Poste Italiane, HMI Capital, ABN AMRO…

Community Fraud Site Tracks 8.5M XRP Lost to Giveaway Scams

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The Ripple Army has sent more than 8.5 million XRP to known fake airdrops and YouTube giveaway scams in the past year, according to a new community site set up to combat fraud on the blockchain. XRP data aggregator xrplorer, which is still in beta, posted the data to Twitter on April 23, said that XRP holders had withdrawn six million tokens in 2019 and sent them to addresses associated with giveaway scams. It reported almost three million people have done the same so far for 2020. Source: Twitter Funds…