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Flashbots is seeking to raise $50 million with a $1 billion pre-money valuation, according to The Block, citing sources aware of the deal. Pitch To Flashbots For A Chance to Invest As they look to crowdfund, it has been revealed that Flashbots is doing a “reverse pitching” where interested investors have to pitch, not
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The startup is aiming to raise between $30 million and $50 million at a valuation of $1 billion, according to the report, which citied people with knowledge of the talks. Crypto venture firm Paradigm has committed to leading the investment, the report added. Source
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The announcement comes as interest in DeFi, a term used to refer to lending, trading and other financial activities carried out on a blockchain without traditional middlemen, has reached new heights in the wake of centralized cryptocurrency exchange FTX’s collapse late last year and a series of crypto exchange bankruptcies
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Non-fungible tokens (NFTs), decentralized autonomous organizations (DAOs), and decentralized finance (DeFi) are redefining how charities raise donations and distribute funds to those most in need. Through ever-evolving crypto and blockchain-related technology, crypto philanthropists told Cryptox that they've witnessed “new wealth distribution mechanisms" never seen before. “Philanthropy has traditionally been seen as a high-cost-of-entry, individualistic
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Founders of collapsed crypto hedge fund Three Arrows Capital Su Zhu and Kyle Davies are reportedly trying to raise money for a new cryptocurrency exchange in partnership with Coinflex cofounders Mark Lamb and Sudhu Arumugam. According to a pitch deck, they are looking to raise $25 million. The proposed new exchange
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While the former CEO of FTX, Sam Bankman-Fried, awaits his trial at the end of the year, reports indicate that the company donated millions of dollars to early Covid-19 researchers. The research was reportedly used to cast doubt on specific treatments, such as the use of ivermectin and hydroxychloroquine. Controversy Surrounds
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Bitcoin (BTC) staged a modest recovery on Dec. 29 as United States stock markets rebounded in step.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$10,000 BTC price targets stickData from Cryptox Markets Pro and TradingView showed BTC/USD recovering above $16,600 at the Wall Street open after wicking below the $16,500 for a
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Elon Musk has been facing financial challenges since closing the $44 billion Twitter acquisition deal. The latest action taken by the billionaire was selling 20 million Tesla shares.In a bid to rescue Twitter Inc which is struggling as a result of its new policy, Elon Musk is looking for new funds from
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Hong Kong’s first crypto-based exchange-traded funds (ETFs) have attracted over $73 million ahead of their debut on the region’s stock exchange. The launch of the two ETFs tracking cryptocurrency futures listed in the United States comes despite the industry’s current troubles. Hong Kong Debuts Bitcoin and Ether Futures ETFs Amid Crypto
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Crypto futures exchange-traded funds (ETFs) managed by CSOP Asset Management have raised $73.6 million in investments ahead of their listing on the Hong Kong stock exchange on Dec. 16. In an announcement, the ETF issuer highlighted that its CSOP Bitcoin Futures ETF has raked in $53.8 million while the CSOP Ether
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