Cryptocurrency Analysis and News Portal
Cryptocurrency investigation firm Chainalysis expects to raise $100 million venture capital at a $1 billion valuation as early as next week, the company told Forbes. The Series C is being led by VC newcomer Addition with participation expected from Accel, Benchmark and Ribbit, Forbes reported. Those three firms have all
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Venture capitalist Tim Draper’s investment office Draper Goren Holm is sinking larger investments in virtual currency-only startups.Draper Goren Holm, a cryptocurrency investment firm in Los Angeles, told CryptoX that it raised $25 million for its first venture capital fund to buffer its startup accelerator and back blockchain companies at higher
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Pantera Capital, a cryptocurrency investment firm known for its blockbuster bitcoin returns, has been on the upside when investing in startups, though the returns have been falling below or closer to other types of equity investors.The venture funds Pantera Capital raised in August 2013 and August 2014 have returned 46.5%
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Focused around digital identity and data, Ontology announced on Thursday it has partnered with automaker Daimler AG to build blockchain-enabled mobility solutions. Source
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Price pointBitcoin was up slightly at about $11,776 early Monday, rising along with European equities, stock futures, gold, copper and oil amid optimism over a coronavirus vaccine and treatments. The dollar weakened. The largest cryptocurrency is coming off a 2.2% decline in the seven days through Aug. 23, breaking a four-week string
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An early investment into Numeraire (NMR) crypto returned 170 percent gains to two venture funds.Crypto-focused investment firms Placeholder and Paradigm led an $11 million round in the Numerai blockchain’s native asset on March 21, 2019, when it was trading at around $5.The per token rate of NMR has since surged
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Ethereum’s price action in recent times has been lackluster to say the least, as it has been closely tracking that of Bitcoin as it trades within a wide and long-held range.It does not appear that this is emblematic of the cryptocurrency’s long-term outlook, however, as one prominent venture capitalist is
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Ken Deeter, a partner at crypto venture firm, Electric Capital, proposed a pragmatic approach to ensure decentralized finance, or DeFi, projects are not exploited due to bugs in the system.In an article published on May 27 through the Electric Capital blog, Deeter calls for DeFi projects to introduce “better risk
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Blockchain investment company Eterna and venture capital fund Borderless Capital have teamed up to launch Eterna Borderless Venture Studio, to support projects on the Algorand platform. The aim is to drive adoption and growth by providing tools and resources to decentralized app — or DApp — developers and entrepreneurs. Startups
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An auction to recapitalize MakerDAO (MKR) after the mid-March market turmoil successfully concluded on March 28, bringing in over $5 million worth of DAI. Crypto venture fund Paradigm Capital revealed in a March 31 tweet that it won approximately 68% of the auctioned tokens.The company had previously pledged to
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