Thursday, May 26, 2022
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Singapore venture firm launches $100M Web3 and metaverse fund

Crypto-focused venture firm NGC Ventures has launched a new ecosystem fund dedicated to Web3 projects, underscoring heightened investor demand for startups that are contributing to the development of a decentralized internet. NGC Metaverse Ventures, the company’s third blockchain fund, raised $100 million from investors that included Babel Finance, Huobi Ventures, Nexo

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Japan’s Bitbank to set up a custody firm to facilitate institutional entry to local markets

In a new development for East Asia, Japanese crypto exchange Bitbank announced a partnership with financial holding company Sumitomo Mitsui Trust Holdings with the goal of establishing Japan Digital Asset Trust (JADAT). According to an announcement sent to Cryptox on Tuesday, JADAT will be created to offer custodial services along with

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Crypto Custody Firm Fireblocks Launches Web3 Services Suite – Bitcoin News

Fireblocks, a crypto custody service provider, is expanding its services with the launch of an institutional suite of Web3 services. This suite will allow customers to leverage liquidity from different exchanges, and mint NFTs. The service, which has already onboarded several names in the industry, also includes gaming asset management

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Ethereum analytics firm Nansen acquires DeFi tracker Ape Board

Major Ethereum blockchain analytics platform Nansen continues scaling its operations by acquiring a cross-chain decentralized finance (DeFi) tracker.Nansen has acquired the multi-chain portfolio tracker Ape Board in an eight-figure deal, the firm announced to Cryptox on May 17.Closing later in May, the acquisition will unite the teams of the two

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Twitch co-founder raises $24M for Web3 gaming firm Metatheory

Web3 gaming and entertainment company Metatheory founded by Twitch co-founder Kevin Lin has raised $24 million in a Series A funding round on Monday.The round was led by crypto capital venture firm Andreessen Horowitz (a16z), with participation from Pantera Capital, the venture arm of the FTX cryptocurrency exchange, FTX Ventures,

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Indie Russian news firm raises $250K in crypto after sanctions cripple finances

A Russian independent news company has raised more than US$250,000 in cryptocurrency donations from supporters in order to continue reporting independent news under a barrage of Russian government propaganda and censorship. Meduza, a Latvian-based Russian-language news site that claims to report on “the real Russia, today” has been asking for donations

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