Tag: funding

Funding Rates Fall To Yearly Lows Following Bitcoin’s Fall Below $29,000

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Bitcoin has had a rough couple of weeks leading up to this moment and the effects of this are still being felt all across the board. This has seen bitcoin’s price crumble below $30,000 once more. Along with this fall has come some other brutal news for the digital asset. One of these has been the funding rates, whose massive dive has shown increasingly bearish momentum among the largest traders. Funding Rates Take A Dive The Bitcoin funding rates had been in a bit of a lull even as the…

Blockchain Gaming N3TWORK Studios Secures $46M in Series A Funding

Blockchain gaming startup N3TWORK Studios has secured $46 million in Series A funding led by venture capital firm Griffin Gaming Partners. The funds raised will be used to develop two web3 games from the studio, Legendary: Heroes Unchained and Triumph. Investors also include Kleiner Perkins, Galaxy Interactive, KIP, Floodgate, LLL Capital, etc. N3TWORK Studios has been working to expand the audience of crypto games and aims to upgrade web3 gaming experiences that will benefit all types of players. Under the financing agreement, Griffin Gaming Partners director Peter Levin will also…

Blockchain Gaming Developer N3TWORK Studios Closes $46M Funding Led by Griffin Gaming

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Chainalysis Reaches $8.6 Billion Valuation In $170 Million Series F Funding Round – Bitcoin News

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Chainalysis, a cryptocurrency security and blockchain auditing firm, has announced it has completed a new funding round for its operations. The company raised $170 million in its Series F funding round, which was led by GIC — the Government of Singapore Investment Corporation — and also had the participation of earlier investors. With this capital influx, the company reached a valuation of $8.6 billion. Chainalysis Gets Investment From GIC Chainalysis, a cryptocurrency and blockchain auditing firm, has announced it raised $170 million in its latest funding round, with…

Chainalysis announces $170M funding round, platform now valued at $8.6 billion

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Chainalysis, a blockchain analytics provider, has announced its $170 million Series F funding round. The fresh funding succeeded its $100 million raise back in June 2021 and more than doubly exceeded its valuation of $4.2 billion at the same time. The raise was led by Singaporean sovereign wealth fund GIC and further participated in by investors Accel — who previously led Chainalysis’ $30 million Series B round in 2019, as well as Blackstone, Dragoneer and FundersClub. Bank of New York Mellon and Emergence Capital also participated in the round as first…

Bitcoin Funding Rates Remain Unmoved Despite Plunge To $30,000

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Bitcoin funding rates had taken a plunge at the beginning of May. While this had not been a pronounced bear trend at that point, the price of BTC was already showing some signs of weakness. That weakness has now seen the digital asset plunge below $30,000 for the first time in 2022 and back up. However, funding rates that had returned to neutral had remained unmoved by this volatility in the market. Bitcoin Funding Rates Are Unshaken Bitcoin had seen some massive sell-offs around the $35,000 level. This was mainly…

Coinbase Ventures Backs Moralis’ $40M Funding Round

Web 3 development platform Moralis has raised $40 million in a Series A funding round, money that it will use to ramp up product development, improve the user experience and increase capacity for more and larger clients. Coinbase Ventures, the investment arm of crypto exchange Coinbase (COIN), was among the investors. Source

Cryptocurrency Exchange Kucoin Raises $150 Million in Pre-Series B Funding Round, Reaches $10 Billion Valuation – Bitcoin News

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Kucoin, a Seychelles-based cryptocurrency exchange, has announced it has raised $150 million in a pre-Series B funding round. The negotiation, which was led by Jump Crypto with the participation of other investors including Circle Ventures, IDG Capital, and Matrix Partners, has conferred the exchange a valuation of $10 billion. The exchange will use these funds to keep expanding in the Web3 sector. Kucoin to Expand in the Web3 Arena Crypto exchange Kucoin has announced it has raised $150 million as a part of its pre-Series B funding round.…