Cryptocurrency Analysis and News Portal
The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
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Andreessen Horowitz’s (a16z) second crypto fund shows the venture capital firm is targeting specific areas to invest in the cryptocurrency space.The company said Thursday it had raised a total of $515 million – more than the original $450 million target – for a second fund called "Crypto Fund II," dedicated
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New portfolio companies coming in through the crypto fund stand to benefit from the broader Republic ecosystem, according to Republic Capital head Boris Revsin. “There are opportunities for them to do everything from a public sale with the retail platform or to continue to fundraise. We are very hands-on, when
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Crypto exchange Binance has launched a $1 billion fund which it calls “the biggest funding program of its kind in the whole cryptocurrency industry.” The company aims for the fund to “push the adoption” of the Binance Smart Chain and “the whole blockchain industry.” Binance Launches ‘the World’s Largest Crypto Accelerator’ Cryptocurrency
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The Binance cryptocurrency exchange has announced a $1 billion accelerator fund to expand the capabilities of the Binance Smart Chain ecosystem and advance mainstream adoption across the financial technology sector.The exchange showcased the eight-figure fund in a tiered development model across four specialist areas: Talent Development, Liquidity Incentive Program, Builder
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Andreessen Horowitz (A16z), a leading venture capital firm operating in the crypto sector, has nabbed two of the leading engineers working on Facebook’s digital currency project for its digital asset fund.According to an Oct. 11 report from CNBC, Nassim Eddequiouaq and Riyaz Faizullabhoy have jumped ship from Facebook to A16z
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The Prime Minister of the United Arab Emirates (UAE) Sheikh Hamdan bin Ahmed Al Maktoum family office has launched a $100 million Blockchain Investment Fund in a push to meet the region’s goal to put 50% of government transactions on the blockchain by 2021. Source
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“This is a key milestone, we hope that through our knowledge and capital, we can bring great talent and technology to the region through Dubai. ECN is an important platform that can multiply the impact of our reach,” said Ahmad Aljariri, CEO of the private office, in a press release. Source
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The revamped war chest could place Paradigm near the top of the pack as venture capital flows into the crypto sector with unprecedented velocity. VCs have placed $17 billion in crypto investments in the first half of 2021, “dwarfing” the $5.5 billion from the same period last year, according to
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Elliptic, which helps track transactions on blockchains, has raised $60 million in a Series C funding round led by Evolution Equity Partners. The money will be used for research and development (R&D) and international growth.The funding will also help with expansion of Elliptic’s team, especially in the U.S.London-based Elliptic said
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