Tuesday, November 12, 2024
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Software firm Spexi raises US$550 mln to develop Flow blockchain-based drone imagery platform

Software company Spexi has raised US$550 million in seed funding to create Spexigon, the world’s first crypto-powered fly-to-earn drone imagery platform based on the Flow blockchain, according to a press release on Tuesday.See related article: X-to-Earn: Eat, sleep, do almost anything for pay in crypto Fast factsUsers can upload aerial images

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Algorand Announces $43 Mln Grants Program to Foster ‘Borderless Economy’

The Algorand Foundation announced a 250 million ALGO (roughly $43 million) grants program to foster development on the Algorand blockchain on April 14.Cointelegraph spoke to Fangfang Chen, the Algorand Foundation’s head of operations, to find out more about the program.Algorand launches $43 million grants programThe funds will be allocated

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Govt. Pauses SEC Suit Against $30 Mln ICO Amid Parallel Investigation Concerns

Prosecutors have paused a United States Securities and Exchange Commission (SEC) lawsuit against the alleged operators of a $30 million fraudulent ICO amid concerns that proceedings may impact the integrity of a parallel investigation into the defendants.The United States attorney’s office for New Jersey intervened in the case on

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Ripple Worth $10 Billion With $200 Mln Investment, Volume to Grow 600%

Ripple ends the year with yet another major announcement after raising $200 million in series C investment, pushing company valuation over $10 billion. Series C investment rounds mean the company has already proved itself and the products it offers, focusing on scaling the company quickly and successfully. Investors involved in a Series

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