funding Archives

Web3 Social Wallet Tribes Launches With $3.3M in Funding

January 23, 2023

“Web3 primitives for co-ownership and collective action are transformative, but few people can make sense of the existing products and processes required,” Bouabdallah said in a statement provided to CryptoX. “In order to realize the full promise of Web3, nailing collective action is absolutely essential. Our approach to embed it directly into group chat makes these powerful and newly possible Web3 actions understandable and accessible to the masses.” Source 3.3MfundingLaunchessocialtribesWalletWeb3 CryptoX Portal

Bitcoin Funding Rates Hit 14-Month High

January 15, 2023 boss

The crypto market has started the year 2023 with a remarkable, bullish run. Over the last few days, several assets have recorded significant profits and are starting to pull through the crypto winter. Most notably, Bitcoin, the market leader and the world’s biggest digital asset, has been one of the top-performing coins this year. In the last seven days, BTC gained by more than 17%, allowing the coin to surpass the $20,000 price mark for the first time since the start of the FTX crisis. Bitcoin’s impressive price rally has…

Wyre Removes Withdrawal Cap after Funding from Partner

January 13, 2023

Wyre has assured the crypto community that it is ready to resume regular operations. Crypto payment platform Wyre has removed its withdrawal cap after securing additional funding from a strategic partner. Recall that a few days ago, Wyre imposed a 90% withdrawal limit on its users. The company also laid off 75 employees and announced changes to its managerial structure. Emerging reports suggested that the crypto winter was giving the company a tough time and its collapse was imminent. The company also cited market conditions as its reason when it…

Alkimiya Raises $7.2M Funding Round to Grow Cash Flow Hedging Protocol for Miners, Stakers

January 12, 2023

These cash flows represent the native economic activities accrued on the block space. However, the miners and validators are burdened with increasing expenses. Without effective tools to manage the risks, they are fully exposed to market risks, such as the inherent volatility of cryptocurrencies. Source

The Easy Company secures $14.2M funding for new crypto wallet with social features

January 10, 2023 boss

The Easy Company, a startup focusing on building a consumer layer for the decentralized web, has raised $14.2 million in a seed round for its “social” crypto wallet, which seeks to help onboard more mainstream audiences into the Web3 ecosystem. As reported by TechCrunch, the seed funding round was supported by a diverse group of investors, including venture capital firms Lobby Capital, Relay Ventures and 6th Man Ventures, as well as Tapestry, Upside and Scribble. Additionally, the round featured angel investors with backgrounds in traditional social media and Web3, including…

Crypto Startup Funding Down 40% in 2022 to Its Lowest

January 10, 2023

Although 2022 witnessed a major crash in crypto fundraises, it was still higher in comparison to 2018, 2019, and 2020. Market analysts expect VC investments in crypto to resume by the summer of 2023. The last year of 2022 was full of major collapses and bankruptcies in the crypto space which deeply impacted investor sentiment in the market. As per the latest development, crypto startup projects secured 42.5% less funding in 2022 in comparison to the previous year 2021. Crypto Startup Funding The year 2021 witnessed one of the biggest…

Galaxy Digital’s Head of Research Sees More Venture Funding for Web3 Firms This Year

January 9, 2023

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SpaceX to Conduct $750M Funding Round at $137B Valuation

January 3, 2023

The leading investor is Andreessen Horowitz, a private American venture capital firm that invests in seed, start-ups, early, mid-stage, growth, and late-stage. Earlier, a16z already invested in SpaceX, along with such companies as Founders Fund, Sequoia, Gigafund, and others. Elon Musk‘s aerospace manufacturer and space transportation services company SpaceX is running a new $750 million funding round that will bring its valuation to $137 billion. According to those familiar with the matter, the leading investor is Andreessen Horowitz (also called a16z), a private American venture capital firm that invests in seed, start-ups, early, mid-stage, growth, and late-stage. Earlier, a16z already…

BTC price preserves $16.5K, but funding rates raise risk of new Bitcoin lows

December 29, 2022 boss

Bitcoin (BTC) staged a modest recovery on Dec. 29 as United States stock markets rebounded in step. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $10,000 BTC price targets stick Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering above $16,600 at the Wall Street open after wicking below the $16,500 for a second day. The pair remained unappealing to traders, many of whom feared a deeper retracement may still occur around the new year. In a list of potential “capitulation targets,” Crypto Tony doubled down on $10,000 and lower…

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