Valkyrie will invest $250,000 to $1 million in behind-the-scenes infrastructure companies that make crypto businesses run smoothly, he said, pointing to security and authentication, data management, networking and storage firms – “all of the technological rails that decentralized applications will need in order to be built.” Source
Caymans-registered Tai Ping Shan, which owns 5% of the Singapore entity TPS Capital, lists Paul Muspratt, the managing director of West Bay Global Services, a corporate services provider, as one of its directors, alongside Steven Sokohl, another West Bay employee, and Yi Long Fung as directors. Source
Catheon Gaming, an Australian-based blockchain gaming and entertainment company, has been named as one of the leading emerging giants in the Asia-Pacific (APAC) region, according to the latest joint first report by KPMG and HSBC. On Monday, July 18, KPMG & HSBC published their joint report entitled ‘Emerging Giants in Asia Pacific,’ which took a look into a comprehensive analysis of new economy businesses (such as fintech, biotech, software as a service (SAAS), etc.,) across the region, which they consider are making a lasting impact on the global business landscape…
Troubled crypto lending firm Celsius is owed $439 million by Indianapolis-based private lending platform EquitiesFirst. Source
An ambitious sustainability-based blockchain project has secured $100 million in a Series A funding round to drive its development. Indian entrepreneurs Pratik Gauri and Prateek Dwivedi have spearheaded the foundation of a fifth-generation blockchain network known as 5ire, which looks to incentivize the implementation of United Nations’ sustainable development goals (SDGs) for users of its system. The project has now attracted a total of $121 million in investment. A seed round secured $21 million from notable tech investors, including Alphabit, Marshland Capital, Launchpool Labs and Moonrock Capital. A subsequent series…
Virtual avatar company Hologram has raised $6.5 million in seed funding led by Polychain Capital, the company said Thursday in a press release. The round also saw participation from Nascent, Inflection, The Operating Group, Quantstamp, Neon DAO, Foothill Ventures, South Park Commons, and several angel investors including Linkin Park’s Mike Shinoda. Source
Investments in blockchain initiatives have been patchy, but GameFi is one industry that is sustaining development despite the market’s decline. The blockchain gaming industry has quietly weathered the storm better than other market segments, despite the fact that the majority of investors are focused on the most recent scandals involving centralized finance (CeFi) and decentralized finances (DeFi) Blockchain Gaming Triumphs The blockchain gaming sector has grown by 2,000% since the first quarter of 2021, according to a recent data by DappRader and BGA Games, and it now accounts for more…
The South African company behind the so-called “crypto water token” is reported to have secured an investment of $150 million from a Bahamas-based digital asset management company, GEM Digital. Initially available on decentralized exchanges only, the H2ON token was recently listed on the crypto exchange platform Bitmart. The Water Network A South Africa-based water infrastructure firm, H2O Securities, is reported to have launched what has been described as the “world-first crypto water token.” According to the firm, the token is expected to provide access to the company’s H2O water network.…
Banking Circle, a European bank focused on cross-border payments, is adopting a major U.S. dollar-pegged stablecoin for payment rails. The firm officially announced on Friday the adoption of the USD Coin (USDC) on its platform as a payment acceptance, processing and settlement method. The new payment feature is enabled as part of Banking Circle’s new service targeting banks and payment providers, allowing them to facilitate payments outside traditional bank rails. Coinbase, a major cryptocurrency exchange in the United States, will be one of the crypto liquidity providers for Bank Circle,…
Cybersecurity firm WISeKey has ended a share buyback program it commenced in July 2019 having repurchased over 1 million shares for around 1.47 million Swiss francs ($1.5 million). Source