Tag: funding

Nigerian Security Agency Seeks to Arrest Central Bank Governor on Charges of Funding Terrorists – Africa Bitcoin News

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The Nigerian security agency, the Department of State Services (DSS), has reportedly instructed its operatives to arrest the Central Bank of Nigeria governor Godwin Emefiele as soon as he is seen in public. The DSS is still seeking to apprehend Emefiele despite losing its bid to have a Nigerian court sanction the arrest. Nigerian Court Refuses to Back Arrest Plot As the controversy surrounding the failed arrest of Central Bank of Nigeria (CBN) governor Godwin Emefiele continues to hog the limelight, a new report by Sahara Reporters said operatives from…

Cryptocurrency Increasingly Mainstream in Laundering, Funding of Terrorism, and the Ukraine Conflict, Reports Austrac

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Australian financial intelligence agency Austrac warns that cryptocurrency is the currency of choice for local donations towards terrorist organizations and local organized crime groups. They also warn that war assets are being bought by Russian paramilitary groups for involvement in the Ukraine crisis using these cryptocurrency donations. It is no longer a “niche option” like before, John Moss opined. The deputy chief executive and head of intelligence says that it is now becoming more mainstream among criminal groups, “particularly to send money offshore.” Indeed, it has also been used as…

Blockchain VC funding surpasses 2021 total despite declining since May

It’s been a tough year for crypto, and venture capital activity confirms it. The collapse of FTX in November was the latest and most shocking in a series of closures of key market players this year — including Celsius, Voyager and BlockFi — that have shaken investor sentiment and wiped out $1.5 trillion in market capitalization from cryptocurrency space. Blockchain venture capital funding has been on a downward slope since May 2022, and November was no different, with inflows declining even further. However, the total capital inflows for 2022 have…

South Korean Mobile Financial Services Platform Toss Concludes $405M Series G Funding, Looks to Expand Operations

With the conclusion of its latest funding, Toss plans to grow further its suite of services, including Toss Bank and Toss Securities.   South Korean finance super app Toss has concluded a Series G funding worth $405 million and is now reportedly worth 9.1 trillion won, or $7.1 billion. This development marks a substantial rise in company valuation from 8.5 trillion won in June last year when Toss’ operator Viva Republica raised $410 million in pre-Series G funding. Although the value of the won during June 2021’s funding exercise, at 8.5…

Polychain Leads $7M Funding for Hardware Wallet Developer Foundation Devices

Founded in April 2020, Boston-based Foundation focuses on products that make bitcoin and decentralized technologies more accessible. The flagship product is Passport, a $259 hardware wallet that uses a camera and QR codes for more secure communication rather than a USB or wireless connection to the outside world. Foundation has also developed the Envoy mobile app, a mobile wallet that helps users set up, maintain and interact with their Passport wallet. Source

Web3 Privacy Layer Aztec Raises $100 Million in Series B Funding Round to Produce an Encrypted Version of Ethereum – Privacy Bitcoin News

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Aztec, a Web3 privacy layer, has raised $100 million in a Series B funding round led by the Andreessen Horowitz subsidiary a16z crypto. The organization, which already offers privacy-based services for a slew of Ethereum-based apps, will now focus on constructing an encrypted version of Ethereum, allowing individuals and organizations to transact privately. Aztec Raises $100 Million to Create Interoperable and Encrypted Blockchains Web3 privacy-focused layer Aztec raised $100 million on Dec. 15 as part of its Series B funding round. The resources raised during this round, which was led…

Elizabeth Warren Is Co-Sponsoring Reactionary Crypto Policy While Jack Dorsey Is Funding Decentralized Social Media Nostr

Nostr isn’t itself a social network. Instead, it is an open protocol with a lean toward censorship resistance. The protocol doesn’t use a centralized server, instead relying on user-run clients. With this client, users can send content around by writing a post, signing it with their private key and relaying it to others’ servers. This relay network can enable others to build social media platforms using it. Source

Democrats to reportedly return over $1M of SBF’s funding to FTX victims

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Following the arrest of former FTX CEO Sam Bankman-Fried (SBF), three prominent Democratic groups have reportedly decided to return over $1 million to investors that lost their funds due to misappropriation. On Dec. 16, the Democratic National Committee (DNC), the Democratic Senatorial Campaign Committee (DSCC) and the Democratic Congressional Campaign Committee (DCCC) pledged to return SBF’s political donations after the entrepreneur was charged with eight counts of financial crimes. A DNC spokesperson reportedly confirmed this decision when speaking to a media outlet, the Verge: “Given the allegations around potential campaign…

Blocknative Completes $15 Million Series A-1 Funding for Block Building on Ethereum

When Blocknative completed the other part of the Series A investment in 2021, the CEO revealed plans to expand the team. Web2 infrastructure company Blocknative has secured $15 million in a Series A-1 round for the block-building market in the Ethereum ecosystem. Launched in 2018, the company focuses on transaction processing on the Ethereum blockchain. And it plans to use the latest funding to grow its product teams and pursue block-building opportunities. Back in June 2021, Blocknative had a part of its Series A investments, featuring Foundry Group, Robot Ventures,…