Tag: funding

Marshmallow Gets $30M in Funding Raising Its Valuation to $310M

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Marshmallow now offers car insurance to expatriates aged between 21 and 50. The company has pledged to focus on less affluent customers especially those with lower credit scores. UK-based insurance startup, Marshmallow that was founded by identical brothers has announced a $30 million funding in its latest round. This funding jas brought its total valuation to around $310 million. The insurance company is intending on venturing away from traditional insurance services to have a better competitive edge in the market. Marshmallow Performance before Its Funding Round According to news outlet…

Analysts Flip Bullish as Binance’s Bitcoin Funding Rate Flips Negative

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Bitcoin has undergone a strong drop since the highs seen yesterday. The price of the leading cryptocurrency fell from its highs of $13,850 to lows around $12,900. This drop was seemingly a result of the drop in the U.S. stock market. The Dow Jones and the S&P 500 have dropped the largest they have in months, plunging 3% lower amid some uncertainty about fiscal stimulus and the upcoming election. Bitcoin’s price action has scared some investors, so much so that futures markets have begun to show short positioning. This may…

Bitcoin Futures Funding Rate is Going Negative Even as Price Skyrockets

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The funding rate of the Bitcoin (BTC) futures market is turning negative as the price of BTC surges. The trend indicates that short contracts are getting squeezed as the dominant cryptocurrency rises. The term short squeeze refers to a scenario where traders are increasingly betting against Bitcoin but BTC goes up. As BTC increases, short holders then adjust their positions, buying up their positions to avoid liquidation. The market buying from short contract holders then turns into buyer demand, further pushing BTC up. The monthly price chart of Bitcoin. Source:…

Esports Startup VSPN Secures Tencent-Led $100M Funding

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The move by Tencent to take a defining position in VSPN is based on the latter’s long term business focus. Shanghai-based esports startup Versus Programming Network (VSPN) has secured almost $100 million in a Series B funding round. According to TechCrunch, the funding round was led by Tencent Holdings Ltd (HKG: 0700), arguably the world’s leader in esports services, and the other funding secured by VSPN came from SIG (Susquehanna International Group), Tiantu Capital as well as Kuaishou. Gaming events have taken a mainstream position since the pandemic broke out…

Panxora Digital Ventures Launches Innovative Hybrid Seed Funding Solution For Blockchain and Cryptocurrency Token Sales

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Panxora Digital Ventures has launched its hybrid seed funding solution to revive the sluggish capital market for emerging Blockchain token projects. The companies’ hybrid model creates a two-stage fundraising process that bridges the gap between seed investors’ interests and token founders’ needs to produce better results. Gavin Smith, CEO at Panxora, said: “Our hybrid offering provides blockchain project founders and investors alike with a professional solution to the challenges they face. Investors see our hybrid methodology not only as a structure that will improve the performance of projects but a…

Robinhood Raises $660M via Series G Funding

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Robinhood will use the raised capital to support its core product and enhance the customer experience. Per the Robinhood spokeswoman announcement on September 23, the latest funding surge out of the Series G funding round has raised the corporation valuation of the fintech to $11.7 billion. In August, D1 Capital Partners, New York-based hedge fund, had invested $200m in Robinhood – according to the company’s announcement. Therefore, the latest funding is just an extension of the first Series G round. Ribbit Capital, Andreessen Horowitz, 9Yards Capital, Sequoia, and DST Global…

EV Maker WM Motor Raises $1.47B in Series D Funding

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WM Motor is reportedly planning to file for a listing on Shanghai’s Nasdaq-style STAR Market in early 2021. The electric vehicle industry has taken a huge lift off during the pandemic, with several of China’s EV companies taking the center stage in the global market. Through its official website, WM Motor announced that it has raised capital through different investors to further its course. The company wrote that it “completed a D round of financing of 10 billion yuan , which is the largest single round of financing in the…

Uniswap’s UNI Sees Funding Flip Negative Once Again as Bulls Roar

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Uniswap’s token UNI has been seeing massive inflows of capital throughout the past few days and weeks, with investors flocking to try to garner governance rights over Uniswap – which has rapidly become the most popular AMM in the market. This has caused the price of UNI to surge, hitting highs of over $8.40 yesterday before witnessing massive inflows of selling pressure that slowed its ascent and caused it to erase some of its recent gains. Nevertheless, it is still trading up well over 600% from its lows of $1.00…

Uniswap’s Token UNI Stable Above $5.50 as Negative Funding Rates Soar

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Uniswap’s recently released token – called UNI – has seen massive inflows of investments throughout the past day, with the large buy-side orders far outweighing the relatively small sell orders from users who received 400 tokens via an airdrop. This uptrend has been further perpetuated by multiple exchange listings, with the likes of Coinbase, FTX, and Binance all listing the token within 24-hours of its launch. This has given retail investors unprecedented access to it, which appears to be what is helping to offset the instant sell-side pressure that came about…