Tag: funding

Singapore Carries Out First Trades in DeFi Pilot for Wholesale Funding Market

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African Fintech Sector Had One of the Highest Year-on-Year Growth Rates in Funding in 2021 – Fintech Bitcoin News

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In 2021, African fintech startups accounted for 61% of the $2.7 billion in venture capital funding that was deployed on the continent, a new study has found. While its share of global fintech funding is just over one percent, the continent’s fintech sector still recorded one of the highest year-on-year growth rates globally. ‘Record-High Number of Deals Closed’ According to the findings of a new Mastercard study, African fintech startups — whose number grew from 311 in 2019 to 564 in 2021 — accounted for “61% of the USD 2.7…

Terrorists are funding their horrible deeds with crypto: UN officials

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Terrorist groups who have been excluded from the “formal financial system” have turned to crypto to fund their heinous activities, according to Svetlana Martynova, the Countering Financing of Terrorism Coordinator at the United Nations (UN).  The UN official made the comments during a speech at a “Special Meeting” run by the UN’s Counter-Terrorism Committee (CTC) in New Delhi and Mumbai on Oct. 28-29 — which was focused on combating the use of “new and emerging technologies” for terrorist purposes. Martynova said that while cash and “hawala” — a traditional system…

Bloomberg Beta Leads $6.2M Funding for DAO Framework Origami

Origami aims to ease that transition with technological framework and guidance for DAOs, The project has row raised $6.2 million in a funding round led by Bloomberg Beta, the early-stage venture firm backed by Bloomberg, L.P. The capital will help Origami build out its software platform, infrastructure and DAO playbook, Ben Huh, Origami founder and CEO, told CoinDesk during an interview. Source

Web3 dev, EVM sharding and crypto banking headline blockchain funding deals

Web3 dominance within crypto funding rounds has been well documented by Cointelegraph Research. In addition to the Web3 mega funds announced recently, venture capital has also been making smaller, more targeted investments in the sector. In this week’s Venture Capital (VC) Roundup, we chronicle the latest Web3 funding initiatives and draw attention to a sharding platform, nonfungible token (NFT) marketplace, crypto banking solution and co-ownership infrastructure provider.  Related: Blockchain games and metaverse projects raised $1.3B in Q3: DappRadar Gamers, athletes and content creators back WWVentures WWVentures, a boutique crypto venture…

Smart Money Eyes Market-Neutral Trades as ADA, AXS See Unusually Low Funding Rates

For instance, holding a short position (a bearish bet) in the perpetual futures market tied to Cardano’s ADA and play-to-earn giant Axie Infinity’s AXS token has become unusually costly, creating a window of opportunity for market-neutral traders to make attractive returns, according to Markus Thielen, head of research at strategy at Matrixport, a crypto services provider with $10 billion in assets under management. Source

Crypto Asset Manager Valkyrie Lost the Biggest Investor in Its $11M Funding Round

“We had a signed subscription doc in-hand, and their [limited partners] were blue chip firms that have impeccable reputations in the business,” she wrote in the letter dated Oct. 7. “In the months that have since passed, though, those LPs backed out and the investor was unable to meet its obligation.” She went on to say that Valkyrie was looking for other investors to step in. Source

Terra developers propose revised 95M LUNA ecosystem funding program

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On Monday, developers of the Terra ecosystem, which consists of Luna Classic (LUNC) — formerly known as Terra (LUN, TerraUSD (USTC), and Luna 2.0 (LUNA), proposed a revised expansion program for allocating 95 million LUNA ($248 million). As told by Terra, the new proposal is designed to incentivize development in the Terra ecosystem and fix issues in the original proposal. In the original plan, around 10% of LUNA’s total supply, or 100 million LUNA, would be allocated to the ecosystem, with 80% of this amount going to developer mining rewards.…

Blockchain Security Company Hexens Raises $4․2 Million in Seed Funding Led by IOSG Ventures – Press release Bitcoin News

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press release PRESS RELEASE. Hexens, a cybersecurity boutique and blockchain startup, announced the closure of a $4.2 million seed round led by IOSG Ventures, the leading Web3 Venture Capital. Other investors include Delta Blockchain Fund, ChapterOne VC, Hash Capital, ImToken Ventures, Tenzor Capital, and angels from Polygon and other blockchain projects. Hexens disrupting products impact the ecosystem Since Hexens was founded in 2021, it has had an impressive track record and recognition in the industry: Mudit Gupta – CISO of the most significant EVM Ecosystem – Polygon Technology, joined the…