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PortuguêsAs the artificial intelligence (AI) wars intensify, the AI firm Anthropic has raised $300 million from Google and sources say that the tech giant will get roughly a 10% stake…
Continue ReadingThe Virunga National Park’s Bitcoin mine in the Democratic Republic of the Congo monetizes surplus energy for conservation efforts. Virunga National Park in the Democratic Republic of the Congo has…
Continue ReadingTrends show that artificial intelligence (AI) will be a major topic in 2023, as data indicates a surge in interest. Since interest peaked and Microsoft invested billions into Chatgpt, demand…
Continue ReadingHow much exposure does BlockFi have to Sam Bankman-Fried failed enterprises? A lot, according to accidentally leaked financials. Crypto lender BlockFi has had a highly tumultuous 12 months. After getting…
Continue Reading“DeFi has proven to be a resilient and reliable option for users in the face of the overarching CeFi collapse in 2022,” said Eric Chen, CEO of Injective Labs. Injective,…
Continue ReadingBitcoin miners came under significant pressure during the bear market; however, Blockstream said institutional hosting customers were more “resilient.” Digital asset infrastructure company Blockstream has raised $125 million to finance…
Continue ReadingLike other blockchain developers, QuickNode is pivoting sharply into Web3 — a sector that has attracted keen venture capital interest. Blockchain development platform QuickNode has closed a $60 million funding…
Continue ReadingThe lack of recordkeeping of FTX coupled with “an auditor no one’s ever heard of” forces the CFTC to ask questions about the mindset of the institutional investors. Amid ongoing…
Continue ReadingBrett Harrison departed FTX US roughly two months before FTX Group filed for bankruptcy, citing “cracks” in his relationship with SBF. The former head of FTX US is launching a…
Continue ReadingVitalik Buterin identified distributed validator technology, or DVT, as a key component of Ethereum’s decentralization efforts. Validator infrastructure developer ssv.network has launched a new ecosystem fund to support Ethereum proof-of-stake…
Continue ReadingVC firms Bitkraft Ventures and Andreessen Horowitz participated in the funding round, which aims to advance Web3 gaming in Africa. Mobile games publisher Carry1st has closed a $27 million funding…
Continue ReadingWhile the former CEO of FTX, Sam Bankman-Fried, awaits his trial at the end of the year, reports indicate that the company donated millions of dollars to early Covid-19 researchers.…
Continue ReadingThe Web3 developer program received interest from over 1,000 projects but only 15 were selected for Cohort 0. Web3 accelerator Beacon has wrapped up its first cohort with 13 graduating…
Continue ReadingAccording to several reports, Wyre, a cryptocurrency payments firm, is allegedly sunsetting its business. Wyre’s purported wind down follows Bolt, another payments company, canceling its plan to acquire Wyre in…
Continue Reading2022 was a record-breaking year for blockchain and crypto VCs. Depending on who you ask, that’s either a good thing or a bad thing. 2022 was a watershed year for…
Continue ReadingThe Digital Currency Group and its affiliates (DCG) cited liquidity problems as it suspended repayments, temporarily halting users from withdrawing their funds. The Digital Currency Group and its affiliates (DCG),…
Continue ReadingThe total crypto market cap is at risk of falling below $825 billion, but data shows traders actively adding to their longs and shorts. The total cryptocurrency market capitalization dropped…
Continue ReadingThe new funding from Fenbushi aims to help Amber address some of the “significant drawdowns” as an aftermath of the FTX default. Amber has completed a new $300 million Series…
Continue ReadingThe pilot “eAUD” program is unique in that the Reserve Bank of Australia has not proposed use cases, and has received numerous suggestions from the industry. A Central Bank Digital…
Continue ReadingWith investors moving their funds away from exchanges into self-custody, market liquidity concerns are an immediate threat to struggling crypto businesses. In a move to tone down the negative impacts…
Continue ReadingCEO Adam Back said the fresh funding will be invested into expanding the firm’s mining capacity. The depths of a bear market may not be the best time to raise…
Continue ReadingThe ex-president of FTX US, Brett Harrison, is reportedly planning to launch a start-up that would build crypto trading software for big investors. Just a month after the controversial fall…
Continue ReadingThe total crypto market recovers some lost ground as the contagion risks associated with FTX’s collapse begin to look resolvable. The total cryptocurrency market capitalization gained 2% in the past…
Continue ReadingInvestors in the round included Ripple, SIX Fintech Ventures, and Middlegame Ventures. Digital asset market maker Keyrock has raised $72 million in a Series B round of funding, according to…
Continue ReadingThe opposition party MPs has questioned the credibility over its failure to protect retail investors from FTX collapse and had demanded data on the extent of losses incurred by the…
Continue ReadingChris Ko, CEO and co-founder of Fenix Games, considers Fenix Games “like a VC fund” for powering the next generation of blockchain games. Web3 game publisher Fenix Games raised $150…
Continue ReadingSingapore-based Matrixport is out to raise funds. The firm, which is among the largest crypto-lenders in Asia, is seeking a funding of $100 million amid a brutal market for lenders…
Continue ReadingBitmain-backed crypto lender Matrixport is the other half of a new funding round targeting a $100 million raise. Matrixport, the cryptocurrency firm founded by Bitmain co-founder Wu Jihan, is in…
Continue ReadingChangpeng Zhao first announced the fund following FTX filing for bankruptcy, saying it would be aimed at helping projects with liquidity issues, but was not for “liars or frauds.” Changpeng…
Continue ReadingThe lending firm claims it’s having “constructive conversations with creditors” and plans to resolve the situation without the need for a bankruptcy filing. Cryptocurrency lending company Genesis has refuted speculation…
Continue ReadingOver 150 projects, including Chainlink, Uniswap and Aave, have signaled their intent to deploy on the layer-2 blockchain. Matter Labs, the developer behind the Ethereum Virtual Machine (EVM)-compatible zkSync, has…
Continue ReadingThe crypto market managed an 11% bounce from the Nov. 9 low, but a handful of metrics show a severe lack of investor confidence. The total cryptocurrency market capitalization dropped…
Continue ReadingWith one of the biggest crypto businesses falling overnight after getting caught misappropriating user funds, CZ believed the episode was devastating for the industry, which took away a lot of…
Continue ReadingFTX won’t be getting a bailout from Tether who confirmed it isn’t planning to provide a cash injection despite the CEO reportedly reaching out to multiple firms for help. Cryptocurrency…
Continue ReadingThe company is building payment rails that could make crypto purchases as ubiquitous as Paypal transactions. Crypto-focused fintech company Ramp has raised $70 million in venture capital, upping its pledge…
Continue ReadingETH price rose to its highest level since September, but data shows whales lack an appetite for leverage longs. A $250 surprise rally took place between Oct. 25 and Oct.…
Continue ReadingWeb3 companies continue to hire amidst a bull market as tech giants undergo layoffs and hiring freezes. As inflation continues to grow, coupled with a looming recession, many tech firms…
Continue ReadingCryptocurrencies are being used to provide military and humanitarian aid in the Russia-Ukraine conflict. The Russia-Ukraine conflict has tested the capabilities of crypto in a real-world conflict where sanctions and…
Continue ReadingThe Celo blockchain supports mobile-first DeFi payment infrastructure. Several companies building on the platform have received venture funding. Projects building on the Celo blockchain have collectively raised $77.3 million in…
Continue ReadingWWVentures, Shardeum, Myna Swap, Antic, Juno, Zerion and thirdweb attract venture capital interest in latest funding blitz. Web3 dominance within crypto funding rounds has been well documented by Cointelegraph Research.…
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