Tag: Firm

Blockchain IOT firm Nodle goes open source with Web3 bluetooth ‘nanocomputer’ sticker

Decentralized network provider Nodle has launched a bluetooth hardware sticker that is aimed at increasing Internet-of-Things (IoT) connectivity for a variety of industrial use cases. The firm announced that it will open source it’s Nodle NanoComputer (N1), which features a Hardware Security Module (HSM) that enables a range of bluetooth operations. The N1 can be attached to any variety of items, with use cases ranging from logistics to track and trace applications. An artist’s impression of the Nodle Nancomputer N1 bluetooth chip. Speaking exclusively to Cointelegraph, Nodle co-founder Garrett Kinsman said the…

VC Firm Sequoia Capital Slashes Crypto Fund By 65% Amid Bear Market

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Just over a year after launching its crypto fund, venture capital firm Sequoia is now rolling back its investments and taking more of a more careful approach. The firm was making some serious waves when it launched its crypto fund last year in February, signaling that crypto was ready for mainstream VC backing. But now the company has reportedly downsized its cryptocurrency fund by 65% as the crypto winter rages on.  Sequoia Pulls Back On Its Crypto Funding Sequoia Capital, one of Silicon Valley’s most prestigious VC firms, is scaling…

Private Banking Firm With $14B Assets Starts First Crypto Fund of Spain

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Ant Group reportedly plans IPO, blockchain firm discloses offer price on Nasdaq, and more

Ant Group, a company backed by billionaire Jack Ma, is reportedly planning to restructure and cut ties to some operations that are not core parts of its Chinese financial business. The move prepares the company for a potential initial public offering (IPO) in Hong Kong.  Citing anonymous sources, mainstream media outlet Bloomberg reported that the firm relayed to its shareholders that the company is looking to leave its blockchain, database management out of a main entity, which will then be applying for a financial holding license in China. After completing…

Crypto Firm Flashbots Raises $60M in Paradigm-Led Round

The Block first reported on the funding round, citing a July 21 filing with the U.S. Securities and Exchange Commission that showed Flashbots had raised $30,353,089 of a $59,999,919 target. A source told The Block that two more filings would become public in the coming days that would complete the round. The publication said the round carried a $1 billion valuation. A Flashbots spokesperson declined to confirm that figure to CoinDesk. Source

Abu Dhabi regulator grants trading firm Rain permission to offer crypto services

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The Abu Dhabi Global Market Financial Services Regulatory Authority has granted its Financial Services Permission for cryptocurrency firm Rain to offer brokerage and custody services to residents.  In a July 25 announcement, Rain said the regulatory approval will allow certain United Arab Emirates-based institutional and retail users to “buy, sell, trade, and store virtual assets” through the platform. According to Rain CEO Joseph Dallago, the trading firm has also partnered with a local bank to facilitate services, under the “supervision of a local regulator and thorough legal framework” for user…

Investors anticipate Borroe at $1 billion, BNB under pressure and MATIC firm in 2023

Achieving a market cap of $1 billion is difficult for any digital currency. However, Binance (BNB) and Polygon (MATIC) are among the few that have surpassed this milestone. In addition to forecasting the future of BNB and MATIC, some investors believe Borroe, a crypto project, could also achieve the same feat this year. >>Buy ROE tokens now<<  Borroe is a web3 invoice and recurring revenue Marketplace Borroe is a revenue financing solution for web3 participants with cash flow issues. It consists of a blockchain and artificial intelligence (AI)-driven crowdfunding marketplace where…