Tag: funding

Bitcoin Funding Flips Bullish But Are Liquidations Imminent?

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Bitcoin’s price has reached a new ATH after a long period of consolidation. At the time of writing, BTC is trading at $63.235 with 5.1% profits in the past day and 7.7% in the 7-day chart. BTC on a bullish trajectory in the 24-hour chart. Source: BTCUSD Tradingview Before the rally, data from Santiment pointed to high levels of bearish sentiment across social media platforms. During the bullish price action, there was an ATH in address activity with 1.36 million when BTC touch $63.4000. Source: Santiment Now, the Fear &…

Consensys Platform Virtue Poker Concludes Funding Round with $5 Million Investment 

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Using the new funds, Virtue Poker plans to finally launch its mainnet in May 2021. Ethereum-based Consensys poker platform Virtue Poker has successfully pulled in a total of $5 million in a strategic investment round it recently concluded. The multi-chain decentralized platform received funding from several known investors such as Consensys, Pantera Capital, Jez San from Funfair, and the DFG Group. Currently, Virtue Poker is the first and also the only blockchain-based entity to receive operational approval from the Malta Gaming Authority. The license is a B2C – Gaming Service Licence,…

Ramp Secures $115 Million in Funding Round Led by Stripe, Ramp’s Valuation at $1.6 Billion

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According to Ramp, the raised funds will go into more hiring and bolster its marketing efforts. Fintech startup Ramp secured $115 million in a recently-concluded investment round led by financial and software company Stripe. According to an announcement on the 8th of April, the two-year-old company is now valued at $1.6 billion after the funding round. Another company that led the financing round is D1 Capital Partners. Founded in 2019, Ramp offers corporate cards that are designed to help customers manage expenses. Ramp CEO and co-founder Eric Glyman said that…

Plaid Completes Series D Funding Round with $425M Raising Its Valuation to $13.4B

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The completion of the Series D funding round comes a few months after the merger between Visa and Plaid was canceled. Plaid Inc, a financial service company that connects banks and fintech firms, has announced the completion of its Series D funding round with $425 million, hereby raising its valuation to $13.4 billion. Notably, Plaid intends to use the newly raised funds to further develop infrastructure to scale its market venture. “Today we’re excited to share that we’ve raised a $425m Series D financing to help scale our platform to…

Crypto industry got more funding in Q1 2021 than all of last year: Report

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Cryptocurrency and blockchain-related companies have already received more funding this year than in all of 2020, according to a new report. In the first quarter of 2021, 129 startups focusing on crypto and blockchain technology have received a total of $2.6 billion in funding, Bloomberg reports, citing data from business analytics firm CB Insights. Over the course of 2020, crypto and blockchain firms attracted a total of $2.3 billion in 341 deals. According to the data, 2018 is the record year in terms of funding secured in the crypto industry,…

DeFi Startup Element Finance Secures $4.4 Million in Funding Led by Andreessen Horowitz

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Element Finance has assured its protocol will be open, self-sustaining, and community-governed. The decentralized finance (DeFi) market received massive traction over the last year and startups in this ecosystem and popping up fast. On Wednesday, March 31st, DeFi startup Element Finance said that it is currently building a yield-maximizing marketplace for crypto interest rates. For this, Element Finance has secured $4.4 million in a funding round led by Andreessen Horowitz. Accompanying Horowitz other big investors also include Placeholder, SV Angel, A. Capital, Robot Ventures, and Scalar Capital. The Element Finance…

Enjin secures $18.9M funding for Polkadot-based NFT blockchain

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Crypto exchange platform Crypto.com has reportedly led an $18.9 million private funding round for Enjin’s new NFT blockchain platform. Enjin announced the news on Wednesday with DFG Group, BlockTower and Arrington XRP Capital among other investors in the private sale. Dubbed “Efinity,” the platform is an NFT blockchain built on Polkadot that will reportedly offer greater scalability for participants in the expanding NFT space. Detailing the technical specifications of the new NFT blockchain, the announcement stated that Efinity will have an initial throughput capacity of processing transactions every six seconds.…

PureStake Completes $6M Funding Round for Moonbeam Network to Aid Mainnet Launch

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The Moonbeam Network is an Ethereum-compatible smart contract platform on the Polkadot network designed to allow for interoperability across chains. Protocol implementation services provider PureStake has completed a $6 million funding round for one of its flagship projects, the Moonbeam Network. According to the official announcement by the tech startup, the funding round was led by CoinFund, a leading blockchain-centric investment firm. Other partners on the record that supported the PureStake funding round include Binance Labs, ParaFi, Coinbase Ventures, Fenbushi Capital, IOSG Ventures, and other existing partners. PureStake Funding Round…

NBA Top Shot Development Firm Dapper Labs Gets $305M in Funding

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According to the CEO of Dapper Labs, Roham Gharegozlou, the NFT tokens give fans of the sport a new and “exciting way to connect with their favorite teams and players.” Dapper Labs, the developing team behind the popular NBA Top Shot just completed a funding round of around $305 million which was led by investment companies like Coatue and also included former NBA basketball player Michael Jordan and current ones like Kevin Durant, Alex Caruso, Klay Thompson, and Andre Iguodala plus a host of others. This current round of funding…

Michael Jordan, Will Smith join $305M funding round for NBA Top Shot maker Dapper Labs

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NBA Top Shot maker Dapper Labs has secured about $305 million in new funding round from investors. According to a report by Business Insider on Tuesday, past and present NBA stars like Michael Jordan, Alex Caruso, and Kevin Durant participated in the funding round. Other investors included The Chernin Group and Will Smith’s venture capital outfit Dreamers VC. With this latest funding round, Dapper Labs now reportedly holds a $2.6 billion valuation. As previously reported by Cointelegraph, NBA Top Shot had grossed $230 million in sales as of the end…