Tag: funding

Crypto funding seen shifting from CeFi to DeFi after major collapses: CoinGecko

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Digital asset investment firms poured $2.7 billion into decentralized finance (DeFi) projects in 2022, up 190% from 2021 as investments into centralized finance (CeFi) projects went the other way — falling 73% to $4.3 billion over the same timeframe. The staggering rise in DeFi funding was despite overall crypto funding figures falling from $31.92 billion in 2021 to $18.25 billion in 2022 as the market shifted from bull to bear. According to a Mar. 1 report from CoinGecko, citing data from DeFiLlama, the figures “potentially points to DeFi as the…

DeFi Trading Platform Aurox Seeking Funding at $75M Valuation

Aurox launched an all-in-one trading platform called Aurox Terminal in 2020 that integrates more than 50 exchanges and now has 70,000 users and $1 billion of trading volume, the firm said on its fundraising site. It also has a crypto wallet product, and crafted its own DeFi smart contract protocol and native ecosystem token URUS. Source

VC blockchain and crypto funding drops off in Q4 2022: Report

2022 will go down as a tough year for the cryptocurrency space and bleak market conditions were mirrored by a downtrend of venture capital funding flowing into blockchain and crypto activities. A report from Blockdata highlights consecutive drops in funding through all four quarters of 2022, following booming venture capital funding into the wider Web3 space through 2021. Analyzing data from CB Insights, Blockdata rounded off 2022’s final quarter of venture capital funding value noting a 34% decline from Q3 2022. The last quarter of the year was down drastically…

This Israeli Firm Secures $70M In Funding For Blockchain Chips

There’s been a spike in the global adoption of blockchain technology, so several companies and organizations are now exploring the potential of the technology through many approaches. Hence, there’s a sudden growth in the systems, projects, and processes of blockchain and its applications. One of the newest exploits on the blockchain is from an Israeli startup, Chain Reaction. The firm is set to develop blockchain chips through a $70 million fund. Morgan Creek Digital led the just-completed fundraising round. Other participants include KCK Capital, Jerusalem Venture Partners, Hanaco Ventures, Blue…

Chaos Labs Secures $20 Million Funding Led by PayPal and Galaxy Digital

Chaos Labs said that it will use these funds to boost the security of the DeFi protocols through its services like capital efficiency and risk optimization, streamlined risk assessments, spend optimizations, and much more.  Despite these tumultuous times in the market, crypto firms continue to secure fresh funding. On Tuesday, February 21, Chaos Labs announced securing $20 million in funding led by PayPal and Galaxy Digital. Chaos Labs Funding The funding round also saw participation from other market players like Coinbase, Lightspeed, Uniswap, Bessemer, Hashkey and top investors such as…

PayPal co-leads $20M seed funding for on-chain risk optimizer Chaos Labs

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Payments giant PayPal and investment management firm Galaxy joined hands to raise $20 million in seed funding for Chaos Labs, a New York-based cloud platform for securing blockchains and protocols. With an automated risk management platform, Chaos Labs protects crypto protocols against external exploits and risks. The platform does this by offering agent and scenario-based simulations, which helps secure protocols against economic vulnerabilities and market manipulation events. The seed funding is aimed at helping Chaos Labs further automate on-chain risk optimization.  1/ We are thrilled to announce we have secured…

African Fintech Startups Raised $1.45 Billion in 2022 — Sector’s Share of the Continent’s Total Funding Drops – Fintech Bitcoin News

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Despite seeing their share of Africa’s startup funding drop from 48.3% seen in 2021 to 43.4% in 2022, fintech still managed to raise 39.3% more capital in 2022 ($1.45 billion) than they did in 2021 ($1.04 billion). Nigeria was again the best-funded country after 180 of its startups raised a combined US$976,146,000 or 29.3% of the African continent’s total. Big Four’s Share Drops According to Disrupt’s 2022 African tech startup funding report, fintech startups were able to secure $1.45 billion in funding in the past year. The sector’s total capital…