Crypto
More than $ 800 million in new investments is a huge number that shows that the cryptocurrency industry is very interested. Investors have recognized the potential of this industry and have not stopped pouring capital. In the following, many asset news related to the crypto market will be updated.
Investment management firms Invesco and Galaxy Digital have jointly filed a registration statement for a physically secured Bitcoin (BTC) Exchange Traded Fund (ETF), while investment advisory firm Amplify has filed for a decentralized financial fund (DeFi) and a crypto ETF. The Amplify ETF app allows funds to invest in Bitcoin futures, Canadian Bitcoin funds and companies that hold more than 50% of their net assets in Bitcoin, Ether (ETH) or a “liquid” cryptocurrency.
BTC mining company Genesis Digital Assets has announced that it has raised $ 431 million in a funding round led by investment firm Paradigm. This capital will be used to grow their Bitcoin mining activities to bring 1.4 gigawatts online by 2023.
Dapper Labs, the cryptocurrency company behind NBA Top Shot and Blockchain Flow, has announced a new $ 250 million funding round led by Coatue. The round brings together the existing investors a16z, GV (formerly Google Ventures) and Version One Ventures with new investors such as BOND and GIC, according to the press release. Dapper Labs will use the new funding to scale and support more branded sports, entertainment and music products online that have been developed on the Flow blockchain, they added.
Blockchain infrastructure platform Blockdaemon announced that it raised $ 155 million in a funding round led by SoftBank Vision Fund 2,1, bringing the company’s valuation to $ 1.26 billion. They say the capital raised will help the company expand its team presence in Singapore, Japan, the UK and Germany, as well as make strategic acquisitions and build its technology systems.
Digital asset management company Osprey Funds announced that it has launched its fifth investment product of the year called Osprey Polygon Trust, which invests exclusively in the MATIC-Coin derived from the Polygon network. The Osprey Polygon Trust is now available to accredited investors to sign up with with a minimum investment of $ 10,000. The sponsor intends to list the fund on the OTCQX market as soon as possible and has also agreed to waive management fees for all investors until January 2023.
Orca, a decentralized cryptocurrency exchange (DEX) based on Solana (SOL), has reportedly raised $ 18 million in new funds led by Polychain, Placeholder and Three Arrows Capital. Other participants are Jump Capital, Sino Global Capital, Collab & Currency, DeFiance, Zee Prime, Coinbase Ventures, Solana Capital and several angel investors. “These investors will be on our way to make Orca the barter partner for the Solana ecosystem,” they said.
The digital ID startup cheqd has raised $ 2.6 million in a financing round supported by investors Outlier Ventures, Evernym, TitanBlock and others. The funds raised are set to help the company get its products to market later this year, including digital IDs and a payment system so users can cover the costs.
The multi-asset investment platform eToro has announced that it will increase its share of the Universal Basic Income Protocol (UBI) of the non-profit organization GoodDollar from USD 58,000 to USD 1 million. The additional capital will fund a protocol extension designed to advance financial literacy and fill the global wealth gap by combining smart contract, DeFi and crypto token mechanics.
Kava Labs, an open source and undisclosed developer of financial products and services for decentralized finance (DeFi), says it has launched a $ 185 million fund to develop financial products and services in the Kava ecosystem. The platform claims it has three protocols, $ 2.1 billion in on-chain assets, over 280,000 users, and $ 1.8 billion in cross-chain transactions.
Join our Facebook group and Telegram group Coincu News to chat with more than 10,000 other people and share information about the crypto currency market.
Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice. Your money, the choice is yours.
While Aave finds itself in uncertain territory, a fresh face in the crypto scene, Qubetics…
Analysts push for a Dogecoin price surge to its $0.2288 yearly high while ETFSwap (ETFS)…
Discover the promising altcoin under $1 that may outperform XRP amid election volatility and market…
Campinas, Brazil, 5th November 2024, Chainwire
Terra Shuttle Bridge has now been closed, and all remaining LUNC and USTC tokens have…
Miami, Florida, 5th November 2024, Chainwire
This website uses cookies.