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"Last year has thrown into the limelight the tremendous importance of comprehension, auditability and transparency of blockchains," said Elementus CEO Max Galka in the press release. "As the broader crypto industry seeks to emerge from a tough year, it will be critical to do so in a way that foments
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Egyptian fintech MNT-Halan announced on Feb. 1 that it had raised over $340 million via debt and equity and it expects to raise an additional $60 million from leading international investors. The latest funding round sees MNT-Halan’s valuation rise to over $1 billion which reportedly makes it the country’s “only
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The Series A valued the company at $150 million, and was led crypto asset management platform Haru Invest, with support from digital assets trading company Trinito as well as RFD Capital. The $18 million strategic investment came via Haru, and will be used to finance the company’s expansion into Paraguay. Source
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Blockchain use cases continue to surface as the technology becomes more accessible. In the case of already-known use cases, such as blockchain-based messaging applications, mass adoption is on the horizon.According to a new report from Grand View Research, the global blockchain messaging application market size is forecasted to hit a
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Founded in 2017, Miami-based QuickNode offers tools for over 16 blockchains and 33 networks that aim to improve speed, reliability and security for developers The tools include application programming kits (APIs), analytics and end-to-end support. The Core API handles the potential blockchain forks, upgrades and network interruptions for an app.
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Blockchain development platform QuickNode has closed a $60 million funding round as part of a global expansion intended to onboard more users and developers to Web3 applications. The Series B raise, which valued QuickNode at $800 million, was led by venture capital firm 10T Fund, with participation from Tiger Global, Seven
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In reaction to the current market outlook, in November last year, Stripe laid off as many as 1,120 of its workers.Irish-American financial services and SaaS company Stripe has received its second valuation cut in 6 months, a sign that the fintech ecosystem is yet to recover from the underlying strain
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After Chipper Cash ended 2021 as one of Africa’s most valued fintechs, the FTX-backed startup’s valuation dropped from $2 billion to $1.25 billion after it reportedly received a $35 million simple agreement for future equity (SAFE) grant from the now-collapsed crypto exchange FTX. Chipper Cash has also reportedly laid off
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Adam Back did not comment on the exact size of the offering and who the top backers are this time. However, he made it clear that the funds will be used to expand the company’s mining capabilities.Blockchain technology firm Blockstream has recorded a significant valuation drop in its latest funding
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The under $1 billion valuation is a far cry from the $3.2 billion valuation it had received in 2021. Original Source
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