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
Tag: 85M
Decentralized Forex Is Coming to Terra: Vertex Protocol Raises $8.5M
CryptoX – Cryptocurrency Analysis and News Portal Vertex protocol raised $8.5 million to build a decentralized foreign exchange for Terra-based stablecoins. @camlearnscrypto reports Source The post Decentralized Forex Is Coming to Terra: Vertex Protocol Raises $8.5M appeared first on CryptoX. CryptoX Portal
Ex Populus Raises $8.5M Amid Fears Web 3 Gaming Is Growing Frothy
The company closed the round with participation from Akatsuki Inc, Gerstenbrot Capital, Blockwall Digital Assets, Citizen X, Fisher 8 Capital, Perpetual Protocol, Yolo Ventures, Libra Capital Ventures, 8186 Capital and Sneaky Ventures, among others. Ex Populus also previously raised a $3 million seed round led by Animoca Brands in October. 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
With $8.5M in Funding, Can Strips Finance Make DeFi Derivatives Click? — CoinDesk
The product will be launching natively on Arbitrum, per a press release provided to CoinDesk. Wu said that an Arbitrum-native release made more sense than the Ethereum base layer after the team studied various scaling solutions, coming to the conclusion that optimistic rollups would be the long-term solution to scalability. Source
PayPal-Backed Tink Raises €85M in Extended Investment Round, Company Valued at €680M
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
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…