“Some of the core attributes of Web 3 – such as openness, decentralization and user control – are perfectly suited for a new type of social networking platform that’s optimized around the user. That’s the promise we see in Mem, and we’re thrilled to partner with them to help build the Web 3 social graph,” said Arianna Simpson, general partner with Andreessen Horowitz. Source
Yesterday, funding rates fell below zero in a market sentiment reset as Bitcoin’s price declined following its new all-time high. Bitcoin Funding Rates Briefly Fell Below Zero Yesterday As per the latest weekly report from Arcane Research, the funding rates have plummeted following a spike around when BTC made a new ATH. Yesterday, they briefly went below zero. The “funding rate” is a Bitcoin indicator that tells us about the current periodic payments that futures contract traders are making between each other. When the metric has positive values, it means…
“This valuation makes us more confident than ever in our vision,” said Eli Ben-Sasson, co-founder and president at StarkWare, in a statement. “By empowering blockchains to scale globally, people of any economic status will gradually be able to stop entrusting data into the hands of big companies, and control it themselves instead.” Source link
PStake, the liquid staking protocol from Indian trade finance company Persistence, has closed a $10 million strategic funding round led by Three Arrows Capital, Galaxy Digital, Sequoia Capital India and Defiance Capital. Other investors in the round included Coinbase Ventures, Tendermint Ventures, Kraken Ventures, Alameda Research, Sino Global Capital, Spartan Group and a number of angel investors. Source
Bitcoin fell below $60,000 during mid-European hours, before press time, extending early weakness. Analysts said a pullback was expected and has normalized the elevated funding rates or costs associated with holding long positions in the perpetual futures market. Original
A South Africa and London-based fintech startup, JUMO, recently revealed it has raised $120 million in a funding round led by Fidelity Management & Research Company. AI-Powered Financial Services According to a report by Techcrunch, financial services giant Visa and Kingsway Capital also participated in the funding round, which now sees JUMO valued at $400 million. This latest capital influx comes a year after the startup successfully raised $55 million in what the report calls a similar but unnamed funding round. JUMO, which was founded in 2015 by founder and…
Subsquid, a query node framework for Substrate-based blockchains, announced Thursday that it has closed a $3.8-million seed round led by Hypersphere Ventures. The company said that it expects to use this seed capital for developing the first blockchain indexing solution. The new data query technology, as per the announcement, will tap into a network of indexers and allow anyone to join and contribute data to Subsquid data users. While commenting on the successful seed closure, Subsquid’s technical founder, Dmitry Zhelezov, stated that: “We are looking forward to rolling out more…
Crypto miner MineOne has raised more than $20 million for its first round of funding since launching the company last month. The company said it plans to both raise $200 million and expand its global operating capacity to 400 megawatts by the end of 2022. It currently has 80,000 miners, and expects to increase that to 135,000 by the end of next year. The miner has fully operational capacity of 50 megawatts in Russia and Kazakhstan and plans to deliver an additional 30 megawatts in the U.S. by the end of…
London-based digital currency mining platform, Argo Blockchain has filed an application with the United States Securities and Exchange Commission (SEC) to offer $57.5 million worth of 8.75% senior unsecured notes to interested investors. Per the filing, the senior unsecured notes are billed to mature on November 30, 2026, and the proceeds are billed to be pushed into completing the company’s Bitcoin mining facility in West Texas. Argo Blockchain has been making an emphatic move into the North American market in the past few years, citing the cheap and renewable energy…
press release PRESS RELEASE. Prague, Czech Republic, 5 Nov 2021, StackSwap, the first complete DEX and Launchpad on the Bitcoin Network has announced the completion of its private round. According to the official press release, the blockchain platform was able to raise $1.3 million during the funding round. The investment round was led by the Stacks Foundation along with key blockchain venture capitalists including HashKey, Genesis Block Ventures (GBV) and SOSV. The early investors share the long-term vision of StackSwap to eventually become the biggest DEX on the Bitcoin Network.…