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London-based open banking startup TrueLayer has raised $130 million in funding in a round led by Tiger Global and Stripe.The raise values TrueLayer’s at more than $1 billion, thus giving it “unicorn” status.Open banking, for which TrueLayer provides infrastructure, enables customers to transact with businesses more seamlessly via bank-to-bank payments,
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As the global sports NFT market continues to mature, U.S. companies will look to take market share of the lucrative European soccer NFT space, and vice versa. Thibaut Predhomme, head of operations at Sorare, is not worried about having to compete on their own turf. Original Source
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“This round is a natural step forward that allows us to continue building and expanding our products in the region, with the mission of broadening access to the crypto world, creating simple tools and offering quality educational resources for getting to know the crypto space,” Sebastián Serrano, co-founder and CEO
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cryptox in one link.Top Stories This WeekCardano launches smart contracts after successful hard
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The Avalanche Foundation has announced a significant $230M investment from a venture capital group spearheaded by Polychain and Three Arrows Capital for the purpose of supporting the growth of the DeFi ecosystem and their ever-expanding list of applications that utilize the blockchain.Since launching in September 2020, Avalanche has cultivated a burgeoning
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Alternative investment firm SkyBridge capital hopes to expand its crypto offerings, filing for a crypto-focused exchange-traded fund (ETF) on Tuesday and revealing plans for an Algorand fund at this week’s SALT conference in New York.Speaking to CNBC, SkyBridge founder and former White House Communications Director Anthony Scaramucci said the firm
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Decentralized exchange dTrade has raised $22.8 million for a market-making fund designed to provide the ecosystem with higher liquidity, potentially setting the stage for wider DeFi adoption on Polkadot once the DEX launches later this year. The funds will enable dTrade to launch with “deep liquidity” backed by some of crypto’s
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Immutable, a layer-two nonfungible token (NFT) protocol built on the Ethereum blockchain, has announced a $60 million Series B funding raise from a multitude of corporate venture firms, including Sam Bankman-Fried’s Alameda Research and Gary Vaynerchuk’s VaynerFund.The funding round was co-led by gaming investment platform Bitkraft Ventures and venture firm
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sponsored UwUFUFU.com, a content marketing platform, has successfully raised $1.7 million USD from early investors. Adopting the play-to-earn mechanism in the form of viral quizzes, anyone can create, play, share quizzes and earn NFTs through FUFU’s reward system. NFTs on FUFU function as a collectible and a potential membership to gain
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Decentralized lending protocol Pledge has secured $3 million in investments for its cross-chain ecosystem focused on long-term financing, highlighting the continued innovation in the DeFi sector. The investment round was led by DHVC, a Palo Alto-based venture capital firm, with additional participation from U.C. Berkeley professor Gary LaBlanc and Stanford University
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