Tag: funding

Mythical Games Announces a Whopping $16 Million in Series A Funding

boss

Mythical Games has announced a $16 million series A funding round. The company aims at integrating blockchain technology in the gaming industry and in the end develop world class video games for player-owned economies. Funds allocation According to a press release by the company’s management, “The funding will support the company’s first-to-market plans to develop and co-produce a slate of high-quality game titles (on mobile / PC / console) built around new player economies and user-generated content.” Despite the successful Series A funding round, the company is yet to release…

Applying Blockchain to Solve the Funding Problem for SMEs

boss

Applying Blockchain to Solve the Funding Problem for SMEs November 20, 2018 by Bitsonline Guest Contributor Small and medium-sized enterprises, otherwise known as SMEs, are the lifeblood of economies all over the world. But ensuring that they reach their full potential is an issue that has remained without a viable solution for decades. Could blockchain be the answer? – Guest article by Peter Edgar, CEO Investx Also read: Binance CEO CZ Upbeat on Crypto Despite BCH Wars, Low Trading Volume Subscribe to the Bitsonline YouTube channel for more great interviews featuring industry insiders &…

Malaysian MP Urges Gov’t to Create Regulations Before Approving Political Funding Coin

boss

A Malaysian Member of Parliament has urged the government to implement proper cryptocurrency regulations before undertaking the Harapan Coin (HRP) cryptocurrency project, local English-language news daily the Star reported Nov. 14. Launched by “a group of patriotic and concerned Malaysian citizens, within and outside of Malaysia,” Harapan Coin claims to be the world’s first political fundraising platform deploying cryptocurrency and blockchain technology. The project’s mission is to raise money for the opposition party of Malaysia. The coin’s creators suggest that HRP has the “potential to become an official currency.” Fahmi…

Bitfury Secures $80M in Private Funding Round

boss

Cryptocurrency mining firm Bitfury Group has closed a Series C, $80 million funding round led by EU-based Korelya Capital. The round also included crypto merchant bank Galaxy Digital, Lian and Jabre Group, Dentsu Inc., Armat Group and others. Bitfury is a diversified blockchain company known for its expertise in developing high-performance computing technologies, processing capabilities and advanced blockchain-based solutions for companies and governments, including the development of a blockchain-based land registry in Ukraine. The funding round will be used by the company to enrich its software and hardware development, as…

Mining Giant Bitfury Raises $80 Million in Closed Funding Round as Mining Market ‘Matures’

boss

Bitcoin mining infrastructure provider Bitfury has raised $80 million in a closed funding round, the company revealed in a press release shared with Cointelegraph Nov. 6. The round, which comes weeks after rumors Bitfury was considering an IPO, was led by European venture capital fund Korelya Capital. Other participants included South Korean internet giant Naver Group, Asian institutions Macquarie Capital and Dentsu Japan, as well as Michael Novogratz’s Galaxy Digital. “This private placement will take our corporate governance to the next level, broaden our financial strategic options, and ideally position…

Cute Cats Power Serious $15 Million Funding for CryptoKitties Creators

boss

The company behind the viral blockchain phenomenon CryptoKitties is planning to enhance its platform – and it’s received backing from some major tech firms to do it. Announced Wednesday, Dapper Labs, the startup that spun out of parent firm Axiom Zen to continue working on CryptoKitties, has secured $15 million in funding. The round was led by Venrock and was joined by Google Ventures, SamsungNEXT and Andreessen Horowitz (a16z), as well as names not normally associated with venture investing, such as the talent agency William Morris Endeavor and e-sports firm aXiomatic.…

Crypto Platform Coinbase Secures $300 Million in Series E Funding Round

boss

Popular cryptocurrency exchange Coinbase has raised a fresh $300 million in a Series E financing round, bringing the company valuation to $8 billion. Coinbase plans to use the funding to “accelerate the adoption of cryptocurrencies,” as it plans to remain the “entry-point into crypto” for millions of investors, according to a published blog post. The new investment round was led by investment firm Tiger Global with Y Combinator Continuity and Andreessen Horowitz, with others participating. In August 2017, Coinbase was valued at $1.6 billion, after receiving a $100 million from…

Coinbase Raises $300 Million in New Funding Round to ‘Accelerate’ Cryptocurrency Adoption

boss

  Major U.S. crypto exchange and wallet provider Coinbase has raised $300 million in a fresh funding round that brings its post-money valuation to $8 billion, according to an official blog post published today, Oct. 30. The Series E equity financing round was reportedly led by investment firm Tiger Global Management, with participation from a host of backers well-known for their investments in the crypto space, such as Y Combinator Continuity, Wellington Management, Andreessen Horowitz, and Polychain, among others. According to Coinbase, the funds will be used to “accelerate” the…

Boost VC Just Fulfilled a Crypto Funding Pledge 4 Years in the Making

boss

Boost VC has officially backed crypto startup number 100. With the news, confirmed Tuesday by CoinDesk, the San Mateo incubator has finally fulfilled a funding pledge made all the way back in March 2014, when co-founders Adam Draper and Brayton Williams boldly declared they would invest in 100 bitcoin startups over the next three years. Though it may have taken a bit longer than planned, the milestone is perhaps a testament to the pre-seed fund, which has maintained a major emphasis on crypto since its earliest days, riding the twists and…

MIT Professor’s Blockchain Protocol Nets $62 Million in New Funding

boss

Algorand, the blockchain protocol founded by MIT professor and Turing Award winner Silvio Micali, has raised $62 million in new funding. The investment comes from a “broad global investment group representing the venture capital, cryptocurrency and financial services communities,” according to a press release published Wednesday. The company told CoinDesk in an email that, with the new capital, it’s now planning to further expand its engineering team as it moves towards the protocol’s launch. The new funding comes months after Algorand secured $4 million in a seed founding round from Pillar and Union…