Tag: funding

Decentralized design platform Moralis raises $13.4M in seed funding from EQT Ventures

Moralis, a platform that powers decentralized applications, or DApps, announced Thursday that it has received a $13.4-million investment from EQT ventures. The company said that it expects to use this seed capital for product development and corporate expansion. Moralis seeks to provide the blockchain space with a unique user-friendly interface solely for front-end development, while the company and its developers handle the entire back end. The software can also provide complex services such as node management, authentication and transaction indexing — which are needed for cross-chain networks, layer-two solutions and Web…

Alameda Research Pumps $75M Funding Into Voyager Digital

Cryptocurrency broker Voyager Digital said it has received a $75 million investment from trading firm Alameda Research. The investment will be used for growth opportunities, Voyager Digital (TSX: VOYG), said Thursday. Shares of the company soared 17% as of 10:20 a.m. in Toronto. The firms will tap opportunities in non fungible tokens (NFTs) and crypto derivatives and work together with lawmakers on shaping regulation. “Through our strategic partnership, we believe there are endless mutually beneficial opportunities to grow both our businesses,” said Caroline Ellison, co-CEO of…

Crypto Bank Anchorage to Command $2B+ Valuation in New Funding Round, Sources Say

Cryptocurrency custody firm Anchorage is raising a large funding round that will value the San Francisco-based company at between $2 billion and $3 billion, according to four people familiar with the plans. “Anchorage is about to raise at a $3 billion valuation,” said one of the people, who asked not to be named. “They’re raising a big round and it’s based on the fact that financial institutions are looking to enter this space.” Another industry insider said the valuation could land in the $2 billion to $3 billion range. The…

Bitcoin Funding Rates Touch Same Level As Early September, More Correction To Come?

Data shows Bitcoin funding rates right now are at the same level as they were in early September. This means the coin may see another flush out similar to how it happened back then. Bitcoin Funding Rates Float Around Similar Levels To Early September As per this week’s on-chain report from Glassnode, the BTC futures perpetual funding rate of all exchanges is currently at the level similar to what it was back in early September before the crash. The “funding rates” is an indicator that shows the premium that traders…

A16z Leads $7.5M Funding Round in NFT Toy Firm OnChain Studios

Cryptoys are interactive digital toys that consumers can buy, play with, collect and sell. They will launch soon on Flow, a blockchain designed for NFT collectibles and crypto games. Flow was developed by Dapper Labs, which also participated in the funding round alongside Draper & Associates, CoinFund, Sound Ventures, Collab + Currency and WndrCo. Source

Crypto Exchange FTX Valued at $25,000,000,000 in Latest Funding, Drawing in Huge Institutional Investors

A new round of fundraising has given crypto exchange FTX a staggering 11-figure valuation, drawing in large institutional investors. The Bahamian-based company gathered $420.6 million with its latest session of fundraising, bringing in capital from blue-chip investors to raise its total valuation to $25 billion.   Key investors included BlackRock, the biggest asset manager in the world handling nearly $10 trillion worth of assets, and Sequoia Capital, a venture capital company valued at over $3 trillion. The Ontario Teachers’ Pension Plan, a Canadian pension fund and well-known institutional investor valued…

Bitcoin sheds 6% in battle for all-time high support amid falling funding rates

Bitcoin (BTC) briefly dipped below $63,000 on Oct. 21 as a standard correction cooled the market. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin battles for new support at old peak Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it came off all-time highs above $67,000 to hit lows of $62,860 on Bitstamp. The roughly 6% drop from its peak came as little surprise to seasoned traders, despite Bitcoin so far failing to create solid support at the site of its previous all-time high of $64,900. “Bitcoin is still…

Bitcoin holds Above $66K, But Elevated Funding Rates Call for Caution

Bitcoin remains on the offensive, thanks to ProShares Bitcoin Strategy ETF’s strong debut on the New York Stock Exchange earlier this week. The cryptocurrency bounced to $66,400, having found bids near $64,000 during the Asian hours. Analysts foresee a rally toward $86,000 in the coming weeks. However, it may not be a smooth ride, as the derivatives market is beginning to show signs of overheating – often a recipe for price pullbacks. Bitcoin’s average funding rate or the cost of holding long positions in the perpetual futures listed on major…

Crypto Custodian Copper Eyes $2.5B Valuation in $500M Funding Round Talks: Report

Copper, a provider of crypto services for institutions, is in talks over a $500 million funding round that would give the firm a $2.5 billion valuation. The round would likely come together before the end of the year, Business Insider reported Thursday citing people familiar with the matter. The news emerges just five months after London-based Copper raised $50 million in a Series B funding round led by Dawn Capital and Target Global. Copper declined to comment when contacted by CoinDesk. The centerpiece of Copper’s infrastructure is its ClearLoop tool,…