Tag: funding

Crypto exchange FTX US closes $400M funding round to reach $8B valuation

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Chicago-based crypto exchange FTX US has reached an $8 billion valuation following new funding. According to Reuters on Wednesday, the American affiliate of FTX closed a $400 million funding round led by SoftBank Group Corp, Temasek Holdings, Paradigm and Multicoin Capital. FTX US president Brett Harrison said that this development puts their firm as one of the largest crypto exchanges in the United States, and sends a message to the world that they are growing very rapidly. Harrison indicated that the firm will use the funds to further its offerings as…

Tom Brady’s Autograph NFT Agency Gets $170 Million in Series B Funding Round – Bitcoin News

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Autograph, the NFT agency co-founded by famous NFL player Tom Brady, has raised $170 million in its series B funding round. The company revealed that the funding round was led by Andreessen Horowitz and Kleiner Perkins, with the participation of other notable companies in the field. The funds raised will contribute to the expansion of the company with new, undisclosed partnerships reportedly on the way. Autograph Raises $170 Million Autograph, the NFT firm that NFL star Tom Brady co-launched last year, has raised $170 million in its latest…

Secret Network offers $400M in funding to bring others in on the secret

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Secret Network is offering $400 million in funding to grow its privacy-oriented ecosystem and expand user adoption. Secret Network is a decentralized ecosystem that utilizes trusted execution environments to enable private, secure computation over encrypted data. The ecosystem has four components: Secret Tokens, Secret Bridges, Secret Finance and Secret NFTs. According to a Jan. 19 announcement, the privacy-oriented platform is offering a $225 million ecosystem fund and a $175 million accelerator fund with support from 25 existing investors and partners, including BlockTower Capital, Arrington Capital, Fenbushi Capital, Outlier, Spartan Group,…

‘Every Company Will Be a Crypto Company’; A Venture Funding Outlook for 2022

This episode is sponsored by Nexo, Abra and FTX US. Download this episode In today’s “Weekly Recap,” NLW looks at a slew of funding rounds announced this week, including: Near Protocol, $150 million ZeroHash, $105 million Checkout.com, $1 billion SEBA, $119 million DeFi Alliance (now Alliance DAO), $50 million FTX Ventures, $2 billion See also: SEC Must Surrender Hinman Email on Ether to Ripple, Judge Rules “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production…

Zero Hash Raises $105M in Series D Funding Round

“Zero Hash has defined a new fintech vertical of ‘digital-assets-as-a-service,’” founder and CEO Edward Woodford said in a press release. “Our thesis is very simple – every financial services firm and a wide variety of customer businesses will offer a crypto or NFT product within the next 12 months.” Source

Seba Bank raises $119M in Series C funding

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Seba Bank, a Swiss-based digital assets banking platform regulated by the Swiss Financial Market Supervisory Authority, announced on Wednesday that it had completed a successful Series C funding round of 110 million Swiss franc, or $119 million U.S. dollars. Notable investors in the round included cryptocurrency exchange FTX, quantitative digital currency trading firm Alameda Research, decentralized finance asset management firm DeFi Technologies, and venture capital entities such as Altive, Ordway Selections and Summer Capital. The bank said it plans to use the funds to fuel international growth and drive demand from…

Cardano Foundation Completes Funding To Plant 1 Million Trees

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Last year, the Cardano Foundation announced that it was partnering with Veritree to plant a million trees. This partnership was part of the project’s commitment towards going carbon green and helping to combat climate change. Over the next few months, the foundation had continued to push this project, raising money in the process for the trees. Now, the foundation is ready to begin planting its million trees as it completes funding for its project. Cardano To Plan 1 Million Trees In Kenya In a recent tweet, Chief Executive Officer of…

NFT Curation Site JPG Goes Live With $3.8M in Seed Funding

“The scope we’re aiming for is bigger than just artworks,” JPG co-founder Sam Spike told CoinDesk in an interview. “While building relationships with existing galleries is important, our thesis about the cultural importance of NFTs extends into gaming assets, tokenized literature or collectibles, Apes, Cats, whatever it may be.” Source

Sygnum Valued at $800M in $90M Funding Round: Report

Sygnum, which runs a digital-asset bank and trading platform, was valued at $800 million in a $90 million funding round, Bloomberg News reported on Thursday, citing a statement from the company. Hong Kong firm Sun Hung Kai & Co. led the round. Animoca Brands and Canada’s Meta Investments also participated, Bloomberg reported, citing the statement. Sygnum is based in Switzerland and Singapore. Its products include regulated trading of crypto currencies. Source