Tag: Firm

Galaxy Digital Leads $20M Funding Round in DeFi Firm Skolem

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Cybersecurity firm supports Bitcoin ‘mission,’ converts balance sheet to BTC

Another business jumps aboard the Bitcoin bandwagon. Octagon Networks, a global cybersecurity network company with over 20 employees announced on June 6 that it had “finished the process of converting its liquid assets and entire balance sheet into Bitcoin (BTC).”  The group will also “start accepting Bitcoin payments for all of our services, with a 50% discount when paid in Bitcoin.” Today, Octagon Networks becomes the first cybersecurity company to convert it’s entire balance sheet into #Bitcoin. We will also start accepting payments in Bitcoin, and offering a discount to…

SoftBank, GGV Lead $66M Round for Web 3 Infrastructure Firm InfStones

InfStones offers an Amazon Web Services-like node management platform and application programming interface (API) for Web 3 developers. The platform provides access to protocol consensus and proof-of-stake staking benefits, plus the ability to run validator nodes, access on-chain data and build multi-chain decentralized applications. InfStones supports nodes on BNB Chain, Cardano, Chainlink, Ethereum, Polkadot, Polygon and Solana. Source

Wallet Firm Liminal Raises $4.7M From Elevation Capital, CoinDCX, Sandeep Nailwal and Others

Elevation Capital, a venture capital firm providing early-stage capital for startups in India, led the funding round. Prominent Indian exchange CoinDCX participated in the funding, as did marquee angel investors such as Andreas Antonopoulos, Balaji Srinivasan, Sandeep Nailwal, Jaynti Kanani and Ajeet Khurana. Other investors included LD Capital, Woodstock, Nexus Ventures, Hashed, Cadenza Ventures, Vauld, Better Capital and Sparrow Capital. Liminal was founded by Mahin Gupta, who is also one of three co-founders of Zeb Pay, a prominent Indian crypto exchange. Liminal claims to be the first wallet architecture to…

Crypto’s youngest investors hold firm against headwinds — and headlines

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These can be anxious times for holders of cryptocurrencies, especially those who entered the market in late 2021 when prices were cresting. Bitcoin (BTC), Ether (ETH) and especially altcoins now appear to be undergoing a major reset, down 50% or more from November highs. Some worry that a whole generation of crypto adopters could be lost if things crumble further. “If the market decline continues, it will become too painful and retail investors will bail,” Eben Burr, president of Toews Asset Management, told Reuters earlier this month. “Everyone has a…