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Li.Fi said that the fundraise will help them execute their long term strategy of getting more users into the Web3. In the latest development, Li.Fi – the multichain liquidity and data gateway provider – raised a total of $17.5 million in Series A fundraise co-led by crypto native investment firms
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One of the major aims of the rebranding exercise is to widen the scope of Halo Wallet operation beyond Web 3.0. Decentralized KuCoin Wallet is expanding from being a simple Web 3.0 wallet to what can serve on a social finance (SocialFi) scale. According to a Monday announcement, the rebranding which
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CoinFund and Superscrypt led the round for the cross-chain bridge and decentralized exchange aggregator. Source
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Alchemy’s new raise of $10 million was single-handedly funded by market maker DWF Labs. Singapore-based payments provider Alchemy Pay has taken its expansion efforts a bit further. Alchemy Pay raised $10 million in investment funding to reach a valuation of $400 million, according to a press release. Alchemy Pay Keen on Expanding
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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.The ongoing downturn in the crypto market hasn’t stopped European venture capital (VC) firms from investing in DeFi projects. A new report revealed that European
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The recent collapse of FTX has increased interest in Ledger’s secure storage solutions and led to its recent funding success. The cryptocurrency ecosystem experienced a major shake-up following the FTX collapse, as investors rapidly sought safer storage alternatives for their digital assets. The shift in market sentiment resulted in a significant
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United States Securities and Exchange Commission (SEC) chair Gary Gensler has thrown his support behind President Biden’s request to allocate a record $2.4 billion in funding for the regulator, highlighting the ongoing need to crack down on “misconduct” in the cryptocurrency industry.In prepared testimony for the March 29 budget hearing
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Ethereum-based So-Col wants to go multichain and support more Layer 1 and Layer 2 blockchains. A web3 social platform called So-Col (Social Collectibles), established by crypto influencer Irene Zhao, revealed $4.5 million in fresh funding across two rounds. The latest round which raised $1.5 million, was single-handedly sponsored by DWF, the web3
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Before becoming a unicorn, Character.AI had constantly hit milestones since its beta launch in September 2022. As the AI buzz continues, Silicon Valley chatbot startup Character.AI has attained a unicorn status after securing $150 million in a funding round. The company announced the Series A round earlier in the month. Having
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Some of the solutions being developed on Radix include but are not limited to those hinged on dApps for trading, saving, lending, borrowing, gaming, NFTs, and wallets. Blockchain-based Web 3.0 startup Radix Token has announced it has raised the sum of $10 million in new funding as it continues to bolster
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