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An African startup, Nestcoin, said it raised $6.45 million in a pre-seed funding round in which tennis’ star, Serena Williams’ Serena Ventures took part. The startup, which was launched in November 2021, plans to use the capital raised to educate, build and invest in web 3.0 applications. Facilitating Crypto Adoption Nestcoin, a
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The Energy Secretary of Argentina eliminated power subsidies for cryptocurrency miners, raising the cost of energy to almost 4x what the miners were paying before. The measure affects customers of the wholesale power market in the Tierra del Fuego province, one of the provinces more notably occupied by miners in
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“With the early foundation built, it’s time to concentrate on unlocking the next level of applications and platform technology on Bitcoin, enhancing the platforms for speed, scale and functionality, and making Bitcoin apps a reality for hundreds of millions of users. This is why we launched Trust Machines,” Ali said
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Dune Analytics, a leading data analytics platform, has announced a capital raise of $69,420,000, in addition to a $1 billion-dollar valuation, the latter of which means that the company attained "unicorn" status, which describes privately-held startups that have attained a valuation of $1 billion or more. The Series B raise was
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One of Ethereum’s most popular data visualization and analytics platform is gearing up for expansion with a massive fundraising round.On Wednesday, Dune Analytics announced the close of a $69,420,000 round at a $1 billion valuation. (The meme-flavored sum follows crypto exchange FTX raising $420,690,000 last October.)The round was led by
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In a press release on Tuesday, a16z general partner Andrew Chen cited remote work, the rise of Gen Z and trends in startup fundraising as factors propelling Launch House into "the third space for the new distributed Silicon Valley," alongside long-standing institutions such as universities and incubator programs. Source
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Yield Guild Games (YGG) has raised $1.45 million to support people affected by December 16's Typhoon Odette in the Philippines, with nearly $1 million already dispersed to people in need.The funding was used to purchase essential goods like medicines, power generators, and canned food, which were turned over to the
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Following the company’s subsidiary FTX US raising funds in its first Series A financing round, parent company FTX Trading Ltd. has announced it has secured $400 million in a Series C fundraise. The crypto company’s latest financing round brings the firm’s post-money valuation to $32 billion. FTX Series C Fundraise Brings
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The company building Solana’s top crypto wallet is now worth $1.2 billion, Phantom announced Monday.Crypto venture firm Paradigm led a $109 million Series B round investment in Phantom, CEO Brandon Millman said. It was not immediately clear who else joined the cap table, or what percentage equity they took in
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Astar Network, a parachain of the Polkadot network, received $22 million in strategic funding from crypto venture capital firms Polychain and Alameda Research.Astar will use the funding for geographical expansion, the company said in a press release on Friday.Other investors in the round were Alchemy Ventures, Animal Ventures, Crypto.com Capital,
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