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Qubetics presale surpasses $15M, Gala gains momentum, and Cosmos navigates a critical price levelare these the best crypto for huge gains in 2025?
The post Is Qubetics the Best Crypto for Huge Gains as Presale Surges Past $15M? Gala Expands & Cosmos Tests Key Levels appeared first on Kanalcoin.
The recent decline of the US dollar has given a significant boost to the bullish case for Bitcoin. However, some bond market metrics are raising caution flags. Amidst the ongoing economic uncertainty, Bitcoin has emerged as a safe haven asset for many investors. The weakening dollar has further fueled this trend, as investors seek alternative [...]
The post Analyst raises concerns about Bitcoin despite US dollar decline leading to bullish case appeared first on Crypto Breaking News.
Cryptocurrency companies have raised $134 million for political contributions during the 2020 election, prompting regulatory concerns. This surge in spending has caught the attention of government agencies and lawmakers who are worried about the influence of these funds on the electoral process. The influx of money from the crypto industry has raised questions about transparency [...]
The post 2024 US Election Spending by Crypto Firms Raises Influence Concerns, Amounting to $134M appeared first on Crypto Breaking News.
FTX’s 2-Year Repayment Delay Should Be Seen as a Victory Crypto exchange FTX recently announced a decision to delay the repayment of a $1 billion loan for two years. While some may see this move as concerning, it should actually be considered a positive development for the company. The decision to push back the loan [...]
The post Trader who predicted FTXs collapse praises 2-year repayment delay as a ‘victory’ appeared first on Crypto Breaking News.
Worldcoin, a crypto project co-founded by OpenAI CEO Sam Altman, has raised $115 million in its Series C funding, according to a report by Reuters. Blockchain Capital, a leading venture capital firm focused on the blockchain industry, led the funding. Worldcoin’s project also received backing during the round from Andreessen Horowitz, Bain Capital Crypto, and …
<p>The post OpenAI CEO Sam Altman’s Worldcoin raises $115 million in round led by Blockchain Capital first appeared on CCNC | Cryptocurrency Newscast.</p>
Despite a major crypto headwind,Metacade‘s final presale stage is seeing huge interest, with $1 million purchased in the last 24 hours. Indeed, the Metacade presale could be hours away from closing, with the final stage more likely to be sold out well before the presale’s scheduled closing date. This is because Metacade’s MCADE token has …
<p>The post Metacade raises $1M in hours in final presale stage despite SEC’s Wells Notice to Coinbase first appeared on CCNC | Cryptocurrency Newscast.</p>
One of the most popular decentralized exchanges (DEX), known as Uniswap (UNI/USD) has successfully managed to raise $165 million in a Series B funding round.
The crypto-focused investment company known as Polychain Capital raised this funding initiative.
Uniswap is an automated cryptocurrency exchange built on top of Ethereum (ETH/USD) that features its own native cryptocurrency, known as UNI.
The $165 million investment as a catalyst for growthOn October 13, 2022, Uniswap published a press release where the decentralized exchange confirmed the completion of a Series B funding round, which raised $165 million.
These secured funds have a valuation of $1.66 billion.
The funding initiative was led by Polychain Capital and saw the participation of other notable venture capital firms, such as Andreessen Horowitz (a16Z), Paradigm, SV Angel, and Variant investments.
The DEX aims to use the secured funds to boost the web application and developer tools, launch non-fungible tokens (NFTs), and even support mobile users.
Furthermore, Uniswap believes these innovations can push its ecosystem further.
All of this has boosted the interest in the platform, native cryptocurrency, and overall ecosystem, which has resulted in an increased value and trading volume.
Should you buy Uniswap (UNI)?On October 14, 2022, Uniswap (UNI) had a value of $6.286.
The all-time high for the Uniswap (UNI) cryptocurrency was on May 3, 2021, at a value of $44.92. Here we can see that the token was trading $38.634 higher in value, or by 614% at its ATH.
When we go over the 7-day performance of the cryptocurrency, Uniswap (UNI) had its 7-day low at $5.57, while its 7-day high was at $7. Here we can see an increase of $1.43 or 25%.
When we go over the 24-hour performance of the token, we can see that its 24-hour low was at $5.45, while its high point was at $6.51. Here we can see an increase of $1.06 or 19%.
With this in mind, UNI can reach a value of $8 by the end of October 2022, which means that buying UNI is a solid option for investors, especially after this funding round.
The post Uniswap raises $165M in series B funding, should you buy UNI now? appeared first on Invezz.
NEAR Protocol (NEAR/USD) ecosystem wallet Sender has successfully raised $4.5 million in a private round that attracted several leading crypto-focused venture firms.
An announcement the NEAR-based eco-wallet team published on Monday states that the investment firm Pantera Capital led the funding round. Participation included Crypto.com Capital, Jump Capital, WOO Network, SevenX Ventures, Amber Group, Smrti Labs, D1 Ventures, Puzzle Ventures, Eniac Ventures, Shima Capital, and GFS Ventures.
The financing round also attracted leading projects from within the NEAR ecosystem, including Octopus Network, Ref Finance, and Paras.
The private round was organised as a token sale and came a few months after Binance Labs and Metaweb Ventures led the Sender team’s seed round in April this year.
Sender eyes growth in the NEAR ecosystemPer the platform, the infusion of fresh funds will help it expand the R&D team as well as raise the wallet’s security threshold.
Sender also plans to use the additional financial muscle to further adoption across the NEAR ecosystem. Part of this goal will be to add to the already more than 30 projects integrated with the wallet in the NEAR Protocol, a milestone that has seen over 500,000 cumulative downloads of Sender’s plug-in and mobile versions.
The NEAR token is up nearly 5% in the past 24 hours as the protocol continues to see some bullish bounce. In fact, the coin popped 35% on 8 August amid buy pressure as the broader crypto and stocks market saw some relief rally.
Commenting on the round and Sender Wallet’s growth, Pantera Capital general partner Paul Veradittakit said:
“As the leading crypto wallet in the NEAR ecosystem with a complete suite of browser plugins and iOS and Android apps, Sender is seeing tremendous user growth and we are excited to help them reach the next level.”
The attraction is enhanced by the wallet’s ease of use around built-in support for staking, token swap, and non-fungible token (NFT) showcase among other functionality.
Sender’s growing stature among crypto users is also down to its support for multi-hardware wallets connection, in this case to Ledger and Keystone.
Other than that, users can buy cryptocurrency right from the wallet in more than 140 countries thanks to the wallet’s fiat-to-crypto support. This it offers via integration with payment providers Moonpay, Banxa, and Transak.
Future plans for growth include offering a liquidity aggregation via Sender Swap; Sender Pool (node staking); Sender Market – a one-stop on-chain aggregation of NFTs, and a multi-signature hosted wallet, Sender Pro.
The post NEAR-based wallet Sender raises $4.5 million in private round appeared first on Invezz.
Blockchain gaming and venture capital giant Animoca Brands (OTCMKTS:AMOCF) today confirmed sealing a $110 million strategic funding round as it seeks to advance the open metaverse, the company revealed via a press release.
The raise, which saw the company valued as at the previous round, came in the form of convertible notes of a 3-year maturity and can be converted at any time at the discretion of the note holder. However, the conversion is subject to set conditions applicable before the maturity date.
Animoca Brands eyes further expansionAccording to today’s announcement, the investment was led by Singapore-based investment firm Temasek, Asia’s leading alternative asset manager Boyu Capital and global venture capital firm GGV Capital. Existing investors included Mirae Asset and True Global Ventures.
In a comment on the entry of these new investors, Animoca Brand’s co-founder and executive chairman Yat Siu said:
“Animoca Brands has grown significantly as a company in the last year, and our new investors will contribute strategic advice and perspective as we build the world’s leading company furthering digital property rights in the Web3 industry.”
The company will use the capital injection to push further with its strategic acquisitions agenda, direct more money towards investments and product development as well as secure intellectual property licenses.
Overall, the firm will look to leverage the funding to boost its footprint in the open metaverse, including via projects that advance the digital property rights of online consumers.
Animoca Brands’ place as a leading blockchain game developer, venture capital investor, and digital entertainment provider has seen it invest in platforms such as Opensea, Yield Guild Games, and Axie Infinity and Dapper Labs.
Some of its major subsidiaries include The Sandbox, Grease Monkey Games and Eden Games.?
In August, the company and sports NFT ecosystem Lympo announced a partnership with Play Magnus Group in a collaboration aimed at developing a blockchain-based chess game Anichess.
The post Animoca Brands raises $110 million in strategic funding round appeared first on Invezz.
A new Web3-focused venture capital firm launched by Polygon (MATIC/USD) co-founder Sandeep Nailwal and Cere Network co-founder Kenzi Wang, has raised $50 million from investors, positioning itself for a crucial role in Web 3 development via investments that empower the next breakthrough projects.
The venture capital, dubbed Symbolic Capital, said on Thursday it had raised the $50 million VC with backing from among others, VC platforms, cryptocurrency exchanges and vendors, and leading auditing firms.
Web3-focused fundThe fund targets supporting founders within the Web3 ecosystem, particularly those across emerging markets unable to secure funding from traditional VCs. The firm’s founders see this as one way of bringing to the masses applications that advance the adoption of Web3.
Specifically, the fund will invest in Web2 to Web3 applications projects seeking to solve real-world use cases powered by Web3. Other key areas will be in interoperability, zero knowledge (zk proofs) applications, NFT consumerisation (use beyond gaming and collectibles), the Metaverse and the creator economy.
Symbolic Capital has already made a few notable investments, according to details on its website. The firm’s portfolio currently counts disruptive blockchain technologies such as Binance-backed Blinkmoon, and play-to-earn game Planet Mojo.
Others are YGG Sea, crypto asset management solution Arcana and metaverse project Space Crypto.
The post Polygon founder raises $50 million for web3-focused fund appeared first on Invezz.
N3TWORK Studios, a blockchain video game developer, has closed $46 million in its Series A funding round to help develop its first two crypto-native games.
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Crypto and nonfungible token (NFT) ecosystem analytics firm BitsCrunch has secured $3.6 million in a funding round led by Animoca Brands, Coinbase Ventures, Crypto.com Capital, and others. BitsCrunch uses AI-based analytical tools to determine the fair price of NFTs, identify wash trading warnings, and determine whether an NFT is a copy or forgery of the […]
Fintech startup Flutterwave announced recently that it has raised $250 million from its Series D funding round. The funding round, which attracted international investors, saw the startup’s value rise to over $3 billion. Capital Raised to Fund Flutterwave’s Expansion Plans The Nigerian fintech startup Flutterwave recently announced it raised $250 million in a Series D […]
While the Canadian government and Prime Minister Justin Trudeau try to quell the demonstrations in Ottawa by sending police to the encampment on Friday, a United States version of the Canadian trucker’s Freedom Convoy called the “People’s Convoy” is underway. According to the American Foundation for Civil Liberties & Freedom, the U.S. convoy has raised […]
advertisement Pixel Vault, a decentralized crypto media group, announced Thursday that it raised $100 million in funding from the venture capital firms Velvet Sea Ventures and 01A. Pixel Vault intends to use the funding to help launch a multi-franchise non-fungible token platform for individuals to own digital content in movies, television, comics, video games and […]
A carpet presented by the United Arab Emirates as a gift to the head of the Catholic Church a few years ago has been sold in the form of NFT. While the original remains in the Vatican, its digital representation has been successfully used to collect funds for the people of Afghanistan. NFT of Historic […]
advertisement Livepeer, a decentralized video streaming platform built on the Ethereum blockchain, has raised $20 million in a Series B extension round. Alan Howard and Tiger Global participated in the round, along with existing investors such as Digital Currency Group, Northzone, and Warburg Serres. There was no lead investor in this round. The Series B […]
Tesla and Spacex CEO Elon Musk says dogecoin is “fundamentally better than anything else” he has seen while he criticizes bitcoin. He also discussed the identity of Bitcoin’s pseudonymous creator, Satoshi Nakamoto, and the official currency of Mars. Elon Musk Discusses Crypto, Dogecoin, Bitcoin, Mars’ Currency, and Who Satoshi Nakamoto Is Elon Musk shared his […]
Tap Send, the creator of a remittances app of the same name, revealed it has raised $65 million in a Series B funding round. The fintech firm plans to use the funds to build a cheaper and faster cross-border money transfer platform. Remittances to Overlooked Countries The fintech startup behind the remittances app, Tap Send, […]
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