Tag: funding

Negative Nirvana? Decoding The First Bitcoin Funding Rate Dip Of 2024

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The recent Bitcoin halving event, which cut the block reward for miners in half on April 20, 2024, has sparked a wave of optimism in the cryptocurrency market. While a brief dip in a key futures metric hinted at potential short-term bearishness, overall market indicators suggest a bullish trend taking hold. Analysts at Kaiko, a market data provider specializing in crypto derivatives and futures, reported a shift in Bitcoin’s funding rate leading up to the halving. The funding rate is a fee paid between long and short position holders in…

Sui Overflow Hackathon Funding Pool Balloons to $1,000,000 as New Sponsors Join – Blockchain News, Opinion, TV and Jobs

Grand Cayman, Cayman Islands, April 22nd, 2024, Chainwire Alibaba Cloud, AngelHack and dWallet are among the latest supporters for the global event. Sui, the Layer 1 blockchain that offers industry-leading performance and infinite horizontal scaling, has seen funding for Sui Overflow, the first-ever global virtual hackathon focused on creating exciting products on Sui, double in recent weeks with enthusiastic supporters contributing funds.  Initially set at $500k, after a groundswell of support from external backers, Sui Overflow’s funding pool has ballooned to $1,000,000. The sizable rewards pool is drawing builders from…

Russia Warns US of Further Aggravation After Funding Bill Passes Amid Heightened Geopolitical Strife

Amid ongoing global tensions, the price of gold remains robust at $2,391 per troy ounce, while bitcoin continues to trade at a 12% deficit from its peak value. Recently, the U.S. House of Representatives approved a series of funding bills for Ukraine, Israel, and Taiwan. Following the bill’s passage, Russian Foreign Ministry spokeswoman Maria Zakharova […] Source CryptoX Portal

Aark Raises $6M Funding to Accelerate LRT Liquidity Integration for High Leverage Trading – Blockchain News, Opinion, TV and Jobs

London, UK, April 17th, 2024, Chainwire Aark announces the successful completion of its Seed Round funding, attracting investment from leading industry pioneers, including HashKey Capital, Arrington Capital, Cypher Capital, Morningstar Ventures, IVC, and Metavest. This follows its Pre-Seed in the second quarter of 2023, impressively led by Delphi Digital, with participation from OKX Ventures and Big Brain Holdings. Aark is a 1000x perpetual DEX set to revolutionize the DeFi space by leveraging LRT assets to bolster liquidity for perpetual traders. With the new investment, Aark will grow its team to…

Mezo raises $21m in Pantera-led funding round

Mezo, a Bitcoin (BTC) layer-2 (L2) network, has emerged from stealth mode with $21 million in venture capital. Pantera Capital led the funding round. Multicoin, Hack VC, ParaFi Capital, Nascent, Draper Associates, Primitive Ventures and Asymmetric Ventures joined the effort. Individual investors, including Dan Held, Tim Draper, and the pseudonymous DCF God, also participated. Thesis, a blockchain venture studio that developed Mezo, confirmed the fundraising round, earlier this week. Mezo operates as a permissionless Bitcoin economic layer, utilizing a neutral smart contract framework to offer a variety of applications. It…

43 Bitcoin Projects Secure Key Funding in 2024 Attracting Over $127 Million

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Since the onset of 2024, the Bitcoin ecosystem has seen an influx of capital flowing into startups. Data gathered by Coin98 Analytics from the web portal crypto-fundraising.info, reveals that over the past few months, 43 Bitcoin-centric projects have secured funding from key investors. Startups Dedicated to the Bitcoin Ecosystem Gather Significant Capital Injections A fresh […] Original

Paradigm Drives $225M Funding Round For Monad Labs, Blockchain Rival To Ethereum, Solana

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Venture Capital (VC) firm Paradigm is leading a substantial $225 million funding round for a new Layer 1 (L1) network, that aims to compete with the Ethereum (ETH) blockchain. Other notable participants include VC firms Electric Capital and Greenoaks. According to a recent Fortune Magazine report, Monad Labs, the company behind the blockchain project, aims to compete with established players such as Solana (SOL) and Ethereum and the Layer 1 blockchain protocol Sui (SUI).  Monad’s Rebuilt Ethereum Blockchain  Per the report, Monad’s initiative is to rebuild the Ethereum blockchain from…

Crypto VC Firm Polychain Tops Up AI Platform Ritual’s $25M Funding Round With ‘Multimillion Dollar’ Investment

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