Tag: Firm

Renowned VC Mark Carnegie Leads $30 Million Investment Round in Blockchain Software Firm Chrono.Tech

Chrono.Tech is turning many heads by its venture into disrupting the HR and recruitment industry. The team aims to leverage blockchain technology to streamline the many day-to-day processes in this segment. That vision has attracted over $30 million in funding, according to today’s press release. Chrono.Tech Spans Many Solutions Blockchain technology can, in theory, disrupt and streamline many businesses, processes, and operations. Making an impact on the HR and recruitment strategy is one possibility, although it hasn’t been explored in-depth yet.Chrono.Tech aims to change that narrative, as the Australian blockchain…

Fintech Firm Milo To Provide Cryptocurrency Mortgage Services

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More innovations keep springing up to fascinate and intrigue digital investors with increased cryptocurrency adoption. In line with that, Milo, a fintech startup based in Miami, introduced the first global crypto mortgage. Through the bank’s offer, digital investors have the opportunity of buying real estate in the U.S. by using their cryptocurrencies. Crypto market stands at $1.6 trillion | Source: Crypto Total Market Cap on TradingView.com The offer from Milo, a digital bank, runs as 30-year mortgage loans. These are currently accessible to customers that could place collaterals with Bitcoin.…

Crypto Custody Firm Fireblocks Raises $550M at $8B Valuation

“It’s pretty aggressive growth, and we have a lot of clients from very different use cases and domains, from traditional financial institutions to leading hedge funds, exchanges, neo banks, gaming companies, payment providers and so on,” Fireblocks CEO Michael Shaulov said in an interview. “So we are putting a lot of investment into our client support functions across the board to catch up and to provide all those people the service that they need.” Source

Tether's New Accounting Firm Is the Old One, With Baggage

Meet Tether’s new accounting firm, same as Tether’s old accounting firm. U.K.-based mid-tier firm MHA MacIntyre Hudson, announced Jan. 14 its Cayman Islands office, MHA Cayman, now handles the clients of the Cayman-based Moore Cayman firm, Tether’s accountant. As far as Tether’s relationship with its accountant is concerned, the change should be insignificant “other than they’re going to see a letter with a different letterhead … unless for some reason they are going to do something different or provide more services,” Francine McKenna, founder and editor of the re: The…

Crypto VC Firm Dragonfly Raising $500M for New Fund, Documents Show

Crypto venture capital firm Dragonfly Capital Partners is raising $500 million for a new fund, according to a new regulatory filing. The Dragonfly Ventures III Feeder fund has a $500 million target and hasn’t accepted its first investment yet. Dragonfly indicated that it doesn’t expect the offering to remain open for more than one year. If the raise is a success, Dragonfly will be the latest high-value fund to emerge in recent months. Paradigm smashed records with a $2.5 billion fund announced in November. Andreessen Horowitz is reportedly doubling down…

NFT firm Dropp GG set to launch ‘geo-minting’ and ‘mixed reality events’

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Solana-based augmented reality and NFT platform Dropp GG is developing geographical-based NFT minting and “mixed reality events” tied to the Metaverse. The firm was founded in early 2021 and is progressively rolling out several initiatives over this year including partnered NFT drops, geo-minting events, virtual land plots with AR support, and a metaverse platform that maps to the physical world. Dropp recently closed an $8 million funding round that was backed by top crypto and NFT firms such as Animoca Brands, Alameda Research DeFiance Capital and Three Arrows Capital. The…

Crypto VC Firm Inflection Launches $40M Fund to Build ‘Open Economy’

Limited partner investors in the Mercury Fund include Galaxy Digital, Digital Currency Group (CoinDesk’s parent company), Accolade Partners, Evanston Capital, Isomer, Hutt Capital, Multiple Capital, Presight Partners and Rockaway, as well as individual backers Marc Andreessen and Chris Dixon of Andreessen Horowitz and noted tech investors Bo Shao and Erik Voorhees, among others. Source

Blockchain Firm Animoca Brands Raises $358 Million to Enhance Web3 and the Metaverse – Finance Bitcoin News

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Animoca Brands has announced the blockchain and cryptocurrency-focused firm has raised $358.8 million to bolster the non-fungible token (NFT) industry and “build the open metaverse.” The capital raise follows the firm’s previous $65 million and $138.88 million raises last year and today, Animoca Brands has an overall valuation of $5 billion. Animoca Brands Raises $358 Million in Financing Led by Liberty City Ventures, Blockchain Company Has Pre-Money Valuation of $5 Billion The firm Animoca Brands is a global developer utilizing popular brands, gamification, A.I., blockchain, non-fungible tokens (NFTs), and mobile…