Tag: funding

Blockchain startups grow as global VC funding generated $25.2B in 2021

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Last year was impressive for blockchain startups, as research from CB Insights found that venture capital funding reached new heights during every quarter of 2021. According to CB Insights’ “State Of Blockchain 2021” report, $25.2 billion worth of venture capital funding went to global blockchain startups last year, demonstrating a 713% increase from $3.1 billion in 2020. The report also found that the United States led the greatest amount of funding deals in Q4 of last year, generating $6.26 billion for 157 deals. The document notes that global growth was…

SoftBank Leads $60M Funding Round for B2B Payments Platform Tribal

Tribal Credit, a business-to-business payments and financing platform for emerging markets, has raised $60 million in a Series B funding round led by SoftBank Latin America Fund, with participation from Coinbase Ventures. The round brings total funding for Tribal up to $140 million. Japanese conglomerate SoftBank launched the $5 billion SoftBank Latin America Fund in 2019. A $3 billion Latin America Fund II followed last September. Other participants in the round included BECO Capital, QED Investors and Rising Tide. In addition to the funding round, secondary shares were offered to…

Bored Ape Yacht Club Creators in Funding Talks With Andreessen Horowitz: Report

Yuga Labs, the startup behind Bored Ape Yacht Club, is in talks with venture capital heavyweight Andreessen Horowitz (a16z) over a funding round that would give it a valuation as high as $5 billion, the Financial Times reported Thursday. Yuga Labs is in talks about selling a multimillion-dollar stake with a16z among the firms it is courting, the Financial Times said, citing people with knowledge of the discussions. Bored Ape Yacht Club, a collection of 10,000 algorithmically generated images of cartoon apes minted and sold as non-fungible tokens (NFTs) on…

Dune Analytics raises near-$70M in Series B funding round

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Dune Analytics, a leading data analytics platform, has announced a capital raise of $69,420,000, in addition to a $1 billion-dollar valuation, the latter of which means that the company attained “unicorn” status, which describes privately-held startups that have attained a valuation of $1 billion or more.  The Series B raise was led by New-York based private equity firm Coatue, with additional participation from previous investors Multicoin Capital and Dragonfly Capital, among others. The raise follows the company’s seed funding round of $2 million in September 2020 — of which Dragonfly…

Global VC Funding for Blockchain Firms Surged to Record $25B in 2021: CB Insights

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Bitcoin Funding Rates Remain Negative For More Than A Week

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On-chain data shows the Bitcoin funding rates have mostly remained negative for more than a week now. If past trend is anything to go by, this may mean that a bottom could be near. Bitcoin Funding Rates Have Now Remained Mostly Negative For More Than Seven Days As pointed out by an analyst in a CryptoQuant post, the Bitcoin funding rates have been negative in the past week for the most part. The “funding rates” is an indicator that measures the periodic fee Bitcoin futures traders have to pay each…

Crypto Startup Swing Secures $6 Million In Strategic Funding Round

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Swing, a blockchain startup that enables cross-chain liquidity and liquidity aggregation across blockchains, announced that it has raised USD 6 Million in a strategic funding round from leading investors in the blockchain ecosystem. Housing several trading, lending, and borrowing protocols, the Ethereum ecosystem dominates the decentralized financial (DeFi) area. This has reverberated across the network, pushing Ethereum to its limits but also speeding up the pace of invention and experimentation. Swing leverages layer 1 and layer 2 solutions like Polygon, Binance Smart Chain, Avalanche, Solana, Arbitrum, and more to get…

Bitcoin analysts fear new BTC price dip as funding rates drop post Fed

Bitcoin (BTC) created resistance at $37,500 on Friday amid an increasing consensus that a new dive was underway.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Funding signals dip expectations Data from Cointelegraph Markets Pro and TradingView revealed $37,500 as the ceiling which capped price action overnight into Friday. BTC/USD had recovered from a trip to local lows of $35,500 after comments from the United States Federal Reserve, but previous highs still eluded bulls. Now, with funding rates continuing into negative territory, it seemed that the market expected another investigation of the…

Crypto Exchange FTX Reaches Massive $8 Billion Valuation in New Funding Raise

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Crypto exchange FTX has reached a staggering new valuation after it completed its latest round of fundraising. According to a press release, the company closed $400 million during its Series A round of funding today, which now has FTX valued at $8 billion. Brett Harrison, FTX’s president, says that the crypto exchange’s valuation reflects its rapid growth in 2021 and will serve as the foundation for its future. “FTX US scaled rapidly throughout the course of 2021, and our Series A valuation reflects both what we’ve concretely accomplished and what…

Blockchain-Based Mobile Gaming eSports Ecosystem Colizeum Closes $8.4 Million In Funding

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Fresh capital and talent injection to expand platform’s offerings for mobile game developers Led by renowned investors like Deribit, SevenX Ventures, Axia8, LD Capital, and Genblock Capital, Colizeum, the blockchain-based mobile gaming eSports ecosystem, has closed an $8.4 million round during its latest fundraising drive. Other prominent industry leaders, including TPS Capital, Momentum6 (Lumen Capital Group), DWeb3, X21, Profluent Ventures, Good Games Guild (GGG), CRT Capital, Au21 Capital, Pluto Digital, Basics Capital, and Tokenomik.io, also participated in this highly subscribed funding round. Founded in 2021, the Colizeum development team has…