Tag: Million

Avalanche Foundation Launches $290 Million ‘Multiverse’ Incentives Program for Subnets – Defi Bitcoin News

boss

The Avalanche Foundation has announced a new incentives program to support the use of subnets. The organization announced that the program, dubbed “Multiverse,” will connect developers with a fund of up to $290 million, approximately 4 million AVAX, to incentivize the growth of subnets, a trait that allows AVAX to spur multiple networks that share common computing resources. Avalanche ‘Multiverse’ to Incentivize Subnet Usage The Avalanche Foundation has just announced a new incentives program that seeks to put subnets, a core trait of the Avalanche protocol, in the…

Bored Ape Yacht Club Donates $1 Million in Ethereum to Ukraine Following Community Efforts – Bitcoin News

boss

On March 8, the team behind the Bored Ape Yacht Club (BAYC) donated $1 million in ethereum to the Ukraine government’s ether wallet. The BAYC team donated the funds in order to match BAYC community members that raised nearly $1 million in donations to Ukraine as well. BAYC Matches Community Donations, Sends $1 Million in Ether to Ukraine Government’s Ethereum Wallet At the time of writing, statistics stemming from seven different crypto donation programs indicate that $40.58 million worth of Ethereum-based digital assets have been donated to Ukraine. The Ukraine…

Cake DeFi Launches A $100 Million Investment Arm To Foster Web3 And Gaming Development

boss

Cake DeFi seeks to strengthen its position in the DeFi and Web3 world. The team will invest up to $100 million into startups and promising projects through its new corporate venture arm. It is a substantial move by the regulated global fintech platform, confirming the need for better industry infrastructure. Cake DeFi Goes The Extra Mile Getting more people into the cryptocurrency fold remains one of the biggest industry channels. Yet, despite growing mainstream and institutional interest, decentralized finance and Web3 remain in the early stages of development. The Cake…

Unicef Receives $2.5 Million in Crypto for Ukraine From Binance Charity Foundation – Bitcoin News

boss

Binance Charity is donating $2.5 million worth of cryptocurrency to support the humanitarian efforts of Unicef in Ukraine. The announcement comes as the ongoing military clash with the invading Russian forces is putting more and more children at risk. Unicef to Fund Activities in Ukraine With Donated Cryptocurrency The Binance Charity Foundation has announced a donation of $2.5 million in cryptocurrency for the United Nations Children’s Fund (Unicef). The money will be used to finance the organization’s efforts in Ukraine amid escalating hostilities with Russia that threaten a growing number…

Bain Capital Ventures Unveils $560 Million Crypto Fund for Blockchain-Focused Tech Startups

Bain Capital Ventures, the venture arm of the 37-year-old private equity firm Bain Capital, announced on Tuesday that it has launched a $560 million fund focused exclusively on cryptocurrency-related efforts. Stefan Cohen, a managing partner at Bain Capital, talked about the development and said: “We’ve become quite high conviction we are at the beginning of a multi-decade technology shift. We really needed a dedicated team and a dedicated fund structure. That’s really what lead to the addition of Bain Capital Crypto.” Bain Ventures is looking to use the fund to…

Griffin Gaming Partners Launches $750 Million Gaming and Web3 Fund – Bitcoin News

boss

Griffin Gaming Partners, a venture capital firm specializing in gaming-related investments, has revealed the launch of its second gaming-related fund. The fund, which was reportedly oversubscribed, managed to raise $750 million to support gaming initiatives, including Web3-based and blockchain endeavors. Griffin Gaming Partners has now amassed more than $1 billion AUM. Griffin Gaming Partners Raises Sizable Gaming-Related Fund Griffin Gaming Partners has announced the launch of its second gaming-related fund, which will focus on investing in seed and growth rounds of companies dedicated to building blockchain-powered or traditional…

Leading News Outlets In Ukraine Aim To Secure $1 Million By Selling NFTs

boss

Three news organizations in Ukraine have partnered with an NFT platform to sell access to exclusive content in order to continue reporting throughout their country’s ongoing war. Multiple reports indicate that the news organizations — Ukrainska Pravda, Hromadske, and Novoye Vremya — are collaborating with NFT platform Vault to secure $1 million via digital items. Approximately 10,000 NFT keys will be sold to assist the news groups in their current attempts to provide coverage of the Russian attack to Eastern European and English-language audiences. Ukraine News Groups Becoming Popular The prominence of…

Fundraising Platform Says It Raised and Distributed 2 Million USDT to Ukrainians – News Bitcoin News

boss

A new fundraising platform whose objective is to help to raise funds for Ukrainians and the Ukraine military recently claimed to have raised 2 million of the stablecoin tether. Some of the donated crypto assets have been sent to the Ukrainian army and to a humanitarian fund that finances volunteers. Ukraine’s Crypto Donations Whitepay, a fundraising platform that seeks to assist Ukrainian civilians and the country’s military forces, recently said it had raised 2 million USDT. According to a tweet posted by the fund on March 6, some of the…

Immutable Raises $200 Million in Temasek-Led Series C, NFT Startup Now Valued at $2.5 Billion – Finance Bitcoin News

boss

Following the startup’s partnership with Gamestop, the Sydney-based blockchain firm Immutable announced it raised $200 million in a Series C financing round led by Temasek. The company is now valued at $2.5 billion and Immutable plans to use the funds to scale the startup’s gaming studio. Immutable Raises $200 Million, NFT Startup Aims to Bolster Gaming Studio On Monday, the blockchain company Immutable revealed it raised $200 million from investors in a Series C funding round. The financing was led by Temasek alongside other participants including Tencent, Animoca Brands, Mirae…

24 Exchange Secures $7 Million, Eyes to Expand Offerings

boss

Dmitri Galinov’s over-the-counter (OTC) platform, 24 Exchange, announced on Monday that the platform has closed a fresh funding round, raising $7.025 million. Big names like Morgan Creek Digital, Aspire Financial and Blackwells Capital LLC led the funding round and several other individual investors also participated. The latest funding came after the company raised $14.25 million last August in a Point72 Ventures-led round. The Bermuda-based company detailed that the fresh proceeds will be utilized to expand its offerings, primarily by adding cryptocurrencies and  equities  Equities Equities can be characterized as stocks…