Tag: Firm

Blockchain Scalability Firm StarkWare Launches Recursion to Streamline Ethereum

“After turning on recursion this week, we now have the ability to fit tens of millions of NFT mints into a single recursive proof, and therefore into a single Ethereum transaction,” said Eli Ben-Sasson, president and co-founder at StarkWare, in a media brief provided to CryptoX. “We’re not using recursion at this intensity yet, but the tech is in place and the moment that traffic merits it, we will. This is what blockchain scaling is all about – building to prevent tomorrow’s bottleneck.” Source BlockchainEthereumFirmLaunchesRecursionscalabilityStarkWareStreamline CryptoX Portal

Blockchain Services Firm Eqonex Closes Crypto Exchange, Citing Volatility and Dwindling Volume

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“As a young and maturing financial services business, our resource allocation needed to change to reflect the current market conditions and the opportunities that we are best placed to capture,” Eqonex CEO Jonathan Farnell told CoinDesk via email. “We are exiting underperforming businesses that no longer fit within our future strategy to focus on areas that will accelerate our growth.” Source

Blockchain Services Firm Equonex Closes Crypto Exchange, Citing Volatility and Dwindling Volume

“As a young and maturing financial services business, our resource allocation needed to change to reflect the current market conditions and the opportunities that we are best placed to capture,” Equonex CEO Jonathan Farnell told CryptoX via email. “We are exiting underperforming businesses that no longer fit within our future strategy to focus on areas that will accelerate our growth.” Source BlockchainCitingClosesCryptoDwindlingEquonexExchangeFirmServicesVolatilityVolume CryptoX Portal

Crypto-focused venture firm Dragonfly acquires hedge fund: Bloomberg

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Cryptocurrency venture firm Dragonfly has acquired a digital asset-focused investment fund for an undisclosed amount — a move that managing partner Haseeb Qureshi said mirrors the broad consolidation trend underway in the industry.  Bloomberg reported Monday that Dragonfly purchased MetaStable Capital, a hedge fund co-founded by Naval Ravkiant in 2014, for an undisclosed sum. In doing so, Dragonfly dropped the word “Capital” from its name and underwent a complete rebranding to reflect its growing mandate in the digital asset space. Qureshi told Bloomberg that his firm is “committing to our…

US Venture Capital Firm Leads New Investment in Nigerian Startup Teamapt – Fintech Bitcoin News

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The United States-based venture capital (VC) firm, QED Investors, recently led an investment round that raised more than $50 million for the Nigerian fintech Teamapt. The investment, as well as the VC firm’s hiring of personnel tasked with spearheading its investments in Africa, seem to point to QED Investors’ newfound commitment towards the continent. Teamapt’s Pre-Series C The fintech-focused venture capital firm, QED Investors, recently became an investor in a Nigerian company, Teamapt, a startup that specializes in providing payments and banking platforms. According to a Techcrunch report, QED led…

Ethereum Flying off Exchanges While Bitcoin Moves in the Opposite Direction: Crypto Analytics Firm IntoTheBlock

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Ethereum (ETH) is leaving crypto exchanges at a rapid rate this week, while Bitcoin (BTC) is moving in the opposition direction, according to Lucas Outumuro, the head of research at analytics firm IntoTheBlock. In a new analysis, Outumuro notes Ethereum recorded nearly $1 billion in net outflows over the past week, which he says suggests “strong buying activity” and points to potential accumulation. According to IntoTheBlock, net flow is measured by getting the amount of inflows of any crypto asset to centralized exchanges minus the outflows. Conversely, Bitcoin recorded weekly…