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A Tallinn, Estonia based developer of an automated crypto trading bot investing platform called 3Commas, has secured $37 million dollars in the Series B fundraising round. Jump Capital, Alameda Research, Dmitry Tokarev, and Target Global took the lead in the round. How 3Commas is going to utilise the Funds? The business plans to utilize the […]
The use of cryptocurrency by Ukrainians is an effort to fight back against Russian troops positioned in their country. A blockchain analytics firm Elliptic revealed that Ukrainian crowdfunding had increased 900% since 2021, with most donations coming from within Ukraine itself rather than externally like before when it was funded mainly by other countries or organizations who saw what they called “a crisis.” Related Reading | Ukraine Adopts New Law To Legalize Bitcoin And Other Cryptocurrencies These groups have seen a significant rise in cryptocurrency funding thanks to Bitcoin. As a result, digital currency is becoming an alternative channel for donors, despite restrictions imposed by traditional financial systems. Bitcoin allows people worldwide to make connections and create change that lasts far beyond anyone’s donations – crypto contributions can now harness this power. In 2021, non-government organizations and volunteer groups received more than $500,000 worth of Bitcoin as crowdfunding. This marked a 900% increase from 2020. Since the Ukrainian military was effectively crumbling against the Russian invasion, many citizens have taken up arms to fight. They are called “volunteer groups.” They get funding from private donations. Ukrainian Fundraising Campaigns Receive Crypto Funding In the modern era, cryptocurrencies are becoming more popular as funding for fundraising campaigns. Elliptic’s study shows that digital currency users can contribute to these types of organizations and receive payment from them more effortlessly than ever before without having any interference or problems with cross-border payments, which makes it very attractive, among other things too. With the potential of their payments being denied, private donors have turned away from bank wires and app payment systems in favor of Bitcoin. Some fundraising campaigns have had accounts closed before due to financial institution restrictions on certain funds raised through that particular means. Relatively new to this type of donation process. Still, it’s becoming more popular among those seeking alternative ways to donate money. Related Reading | Solana’s Outlook Bullish Post Phantom’s Fundraising Round Elliptic has revealed that one of the organizations they’ve uncovered thus far, Come Back Alive– a group that received nearly $200,000 in funding recently from September to December last year–provides support primarily for Ukraine’s army. Cybersecurity organizations have been receiving funding via cryptocurrencies for years now. One such organization is the Ukrainian Cyber Alliance. The group primarily carries out cyber operations against Russia-based hackers and propaganda disseminators. The organization get help from its supporters worldwide through Bitcoin donations or Litecoin mining ventures. They’ve received almost $100 thousand in Bitcoin and other cryptocurrencies to fund their operations against Russia last year. 10,000 Russian Troops Massacred Near Border With Ukraine The recent increase in military deployment near the border between Russia and Ukraine has residents on edge. Russia had stationed more than 10 thousand troops near eastern Donbas since last year when the conflict began following the Maidan revolution. To date, more than 6000 people, including soldiers, have died due to violence. Both sides blame each other for these deaths. Featured image from Pixabay, chart from Tradingview.com
Binance Labs, the venture unit of crypto currency exchange, led a US$1.5 million seed round for Cosmic Guild, a play-to-earn (P2E) gaming network. Alameda Research, DeFiance Capital, and Play Ventures were also among the investors in the round, each of whom capitalised on the increased interest in DeFi, NFT, as well as the Metaverse, respectively. […]
StarSharks, a community-driven gaming platform committed to gamers developing, sharing, as well as growing together, has closed a $4.8 million private round. New funding will be used by the shark Metaverse to create interesting new games as well as to support the community. Hundreds of popularly known investors actively participated in the private placement, which […]
CyBall, a P2E game has secured $1.8 million in seed funding to develop, non fungible-token (NFT) based game and a soccer-themed game with a gamer rewards model. About CyBall CyBall is a football-themed NFT-based game in which users could indeed gather, start trading, mentor, and eventually battle with CyBlocs. The game initially launched on Binance […]
Bengaluru, 23 December 2021: Arcade, which is formerly known as Pawn.fi, is indeed an interface that enables users to borrow against their own NFTs as collateral, has raised $15 million in Series A funding. What is Series A Funding? Series A funding is among the stages in some kind of a startup’s capital-raising procedure. The […]
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