CryptoX – Cryptocurrency Analysis and News Portal The company, a member of a16z’s Crypto Startup School, aims to create a security standard across Web3 projects through its API, Discord Bot and certification program. Source The post Web3 Security Startup Shield Raises $2.1M in Pre-Seed Funding appeared first on CryptoX. CryptoX Portal
In 2022, African blockchain businesses raised a total of $474 million, a 429% increase from what was raised in the year earlier, the latest CVVC African blockchain funding report has revealed. The custody and exchanges category raised over $250 million, which is equivalent to more than 50% of funds raised by blockchain companies. South Africa and Seychelles Accounted for More Than 80% of Funds Raised According to the latest CVVC Africa Blockchain funding report, blockchain businesses from the continent raised $474 million in 2022, a year-on-year funding increase of 429%.…
The African continent continues to be a fertile ground for the growth and implementation of blockchain technology. In the African Blockchain Report 2022 by Crypto Valley VC, it was stated that blockchain deals in Africa raised a total of $474 million, resulting in a 429% increase in African blockchain venture funding. This growth in funding for African blockchain ventures surpassed the global average, which only saw a 4% increase in blockchain funding. According to the report, African blockchain funding demonstrated a growth rate that was over 12.5 times higher than…
Countries from the Sub-Saharan Africa (SSA) region face a “big funding squeeze” which is forcing some of them to cut spending on health, education, and infrastructure. According to Abebe Aemro Selassie, people from the region are already “feeling the effects of the funding crisis.” The IMF says countries from the SSA region should also consider having in place “a well-functioning debt-resolution framework.” Region Faced With Increased Borrowing Costs and Reduced ‘Access to Cheaper Funding’ According to the International Monetary Fund, the Sub-Saharan Africa (SSA) region faces a “big funding squeeze”…
The Nigerian crypto and Web3 startup Lazerpay announced on April 13 that it will cease operations. Co-founder and CEO Njoku Emmanuel said the decision to cease operations was made after Lazerpay failed to successfully close a funding round. The CEO also said he is ready to listen to offers from companies that may want to acquire the startup’s intellectual property (IP). Stablecoin Payments Lazerpay, a Nigerian crypto and Web3 startup, announced on April 13 that it will cease operations and has asked merchants to withdraw their funds before the end…
Venture capitalist (VC) investment into crypto firms continued to fall in the first quarter of 2023, yet despite the current regulatory turbulence for crypto in the United States, it is still first for the number of firms raising capital according to a new report. An April 11 report from Galaxy Research, the research arm of crypto investment firm Galaxy Digital, said the $2.4 billion invested by VCs throughout Q1 2023 was the lowest sum invested since the last quarter of 2020. CRYPTO VC IN STARES INTO THE ABYSS Q1 saw…
A Layer two (L2) project, called Cryptogpt, which leverages ZK-rollup technology and artificial intelligence (AI), has announced that its team has raised $10 million in capital from a Series A funding round. The crypto and AI firm disclosed that the new funds would be used to expand into the largest Asian markets, and the company now has a valuation of $250 million. Cryptogpt Startup Raises $10 Million; Startup Now Has a $250 Million Post-Valuation Artificial intelligence (AI) has become a popular subject in 2023 as AI projects, such as Midjourney…
“Instead of applying ZK technology to payments, CryptoGPT integrates it for private data transfers,” CryptoGPT said in the statement on Monday. The proceeds of the new funding will be used to grow its developer team globally and build on its regional presence in the Asian markets, said Dejan Erja, co-founder and CTO of the AI-focused blockchain. Source
The seed round was led by Pantera Capital, with participation from Road Capital, AirTree, Standard Crypto, The SALT Fund (part of the Skybridge/Scaramucci family), ParaFi Capital, Distributed Capital, Kraynos Capital, Earlybird, and Mouro Capital (the venture capital arm connected to the Santander Group). Source
CryptoX – Cryptocurrency Analysis and News Portal The oversubscribed funding round will be used to expand Finst’s range of products drive its international expansion plans. Source The post Deribit Parent Company Leads $4.4M Seed Funding Round Into Dutch Crypto Exchange Finst appeared first on CryptoX. CryptoX Portal