Tag: funding

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

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Binance Coin Under Pressure With Negative Funding Rates

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The outlook for Binance Coin (BNB) has turned cloudy, with both futures market data and technical indicators flashing bearish signals. Based on our analysis of Coinglass data, negative funding rates and declining open interest in BNB futures contracts paint a picture of growing pessimism among traders. A negative funding rate suggests that more traders are holding short positions, anticipating a decline in the price of the asset. This sentiment was confirmed on April 1st, when BNB’s funding rate dipped into negative territory at -0.012%. Binance Coin Funding Rate And Open…

Web3 Base Layer – Mystiko.Network Completed a 18 Million USD Seed Funding Round – Blockchain News, Opinion, TV and Jobs

BVI, BVI, March 20th, 2024, Chainwire Mystiko.Network, the leading Base Layer of Web3, has completed a 18 Million USD seed funding round led by Sequoia Capital India/SEA (now known as Peak XV Partners), with participation from Samsung Next, Hashkey, Mirana, Signum, Coinlist, Naval Ravikant, Sandeep Nailwal, Gokul Rajaram, Tribe Capital, Morningstar Ventures, etc.  In less than a year, Mystiko V1 mainnets have supported over 134 Million USD transaction volume, 214K+ transactions on 5 different layer1/layer2 blockchains, with 54K+ unique active onchain users. Previously, Mystiko.Network has also been selected to participate…

Keyring Gets $6M in VC Funding to Expand On-Chain Compliance for Institutions

“Trillions of dollars are unable to access the transparency, determinism, automation and settlement advantages of blockchain technologies for financial applications, due to variations in financial regulations,” said Miko Matsumura, managing partner at lead investor gumi Cryptos Capital. “Keyring provides these players with options to interact with verified and compliant counterparties, thus unlocking these benefits for the majority of the financial industry.” Source

Classic Minerals And AuResources Drive Blockchain-Backed Funding For Gold Mining Ventures

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Classic Minerals Limited, an Australian gold exploration company, and AuResources AG, a Swiss fintech startup, have begun a $60 million funding initiative to leverage blockchain technology to boost the gold mining and fintech sectors. The collaboration is designed to accelerate the development of Classic’s gold projects, particularly the Kat Gap Project in Western Australia and the Forrestania Gold Project, by avoiding traditional commodity trade funding. Blockchain-Backed Capital In a move that bypasses traditional banking channels, AuResources, backed by digital and tokenization-focused bank Black Manta Capital, will provide the initial $10…

Cleartoken Secures $10M in Funding to Pioneer UK’s First Digital Asset Clearing House

On Monday, the crypto clearing house startup Cleartoken revealed that it raised $10 million from strategic investors including Nomura’s Laser Digital, Flow Traders, and LMAX Digital. Cleartoken Nets $10M to Launch U.K. Digital Asset Clearing Services The horizontal clearing house for the digital asset market, Cleartoken, revealed that it’s raised $10 million in order to […] Source CryptoX Portal

Sahara Secures $6M Seed Funding to Revolutionize Knowledge Sharing with AI and Blockchain

Sahara, a decentralized AI network, has raised $6 million in a seed funding round led by Polychain Capital to transform knowledge sharing and monetization using AI and blockchain technologies. Sahara, a decentralized AI network aiming to revolutionize the way knowledge is owned, shared, and monetized globally, has announced the successful completion of its $6 million seed funding round. The round was led by Polychain Capital, with participation from notable investors such as Samsung Next, Matrix Partners, Motherson Group, dao5, Geekcartel, Canonical Crypto, Nomad Capital, Dispersion Capital, Alumni Ventures, Tangent Ventures,…