Investment firm Matrix Partners India has led a $4 million seed funding round for New York-based Emtech, a fintech company focused on modernizing central banks for financial inclusion and resilience. Other investors in this round include BTN, VestedWorld, Equity Alliance, and Lofty. Emtech will use the newly acquired funds to further develop its infrastructure tools … Read more
CoinSwitch, India’s largest crypto-investing platform, has published the second edition of its Proof of Reserves (POR), demonstrating the transparency and verifiability of the platform’s claimed assets. The independent review and on-chain validation showcase that CoinSwitch’s overall holdings of crypto and INR balances are higher than those of its customers. The INR equivalent value of the … Read more
Bitget, top crypto derivatives and copy trading platform, has entered the rapidly expanding cryptocurrency loan sector with the launch of its native Crypto Loans product. The new offering is intended to attract a new audience of users dissuaded by traditional credit institutions and seeking alternative means of funding via digital assets. Bitget’s Crypto Loans product is based on a … Read more
SphereOne, a crypto payment platform that allows users to make purchases with any cryptocurrency, across any blockchain, today announced that they’ve closed a $2.5M seed round led by Distributed Global and participation by Newark Venture Partners, Zero Knowledge, as well as angel investors Leore Avidar of Alt.xyz and Lob.com and Eric Feldman of Bolt.com. The SphereOne platform prioritizes immediacy in transactions and features include a 1-click … Read more
The Texas Blockchain Council, a trade association representing the bitcoin mining industry in Texas, announced today that the bitcoin miners responded to the conservation notice that was issued by ERCOT yesterday. Some facilities shut down while many will ramp down in the afternoons this weekend when power is in high demand but then turn back on … Read more
Moralis, a platform that provides developer tools for web applications built on top of blockchains, is to announce a $40 million funding round on Wednesday. According to persons familiar with the data who asked not to be identified because the information is confidential, Moralis, which debuted its platform last June, is now valued at $215 … Read more
CoinDCX, an Indian crypto exchange, has announced the creation of CoinDCX Ventures, an investment effort that will fund early-stage crypto and blockchain firms, bolstering India’s digital asset ecosystem and speeding up the digital economy’s transformation. The initial fund is estimated to be worth Rs 100 crore, with funds coming entirely from the company’s financial sheet … Read more
FTX Trading Limited, and West Realm Shires Inc., the companies behind FTX.US and FTX.COM respectively announced a long-term partnership with four-time Grand Slam singles champion, Naomi Osaka. In addition to becoming an FTX global ambassador, Osaka will receive an equity stake in FTX Trading Limited and will be receiving compensation in crypto. The four time Grand Slam … Read more
Binance today announced that it has been granted a Virtual Asset License to enable it to operate within Dubai’s ‘test-adapt-scale’ virtual asset market model as a base for expansion into the region. Under the Virtual Asset Regulatory Authority (VARA) initial regulatory phase, which includes rigorous regulatory oversight and mandatory FATF compliance controls, Binance will be permitted to … Read more
Polygon (previously Matic Network), an Ethereum scaling project, has raised $450 million in its first major venture capital round, led by Sequoia Capital India, with participation from Tiger Global, SoftBank, Galaxy Digital, Republic Capital, Makers Fund, Alameda Research, Alan Howard, Alexis Ohanian, Steadview Capital, Elevation Capital, Animoca Brands, Spartan Fund, Dragonfly Capital, Variant Fund, and … Read more
Flint, a worldwide cryptocurrency investment tool, has secured $5.1 million in venture funding from Sequoia Capital India and GFC. Coinbase Ventures, Hashed, IOSG, Better Capital, Antler India, and MSA Capital were among the 11 institutional investors who participated in the round. The company, which was founded in October 2021, now provides a simple and steady … Read more
Bitbns, a leading Indian cryptocurrency exchange, launched a campaign to create awareness among the crypto enthusiasts to invest in Crypto. The ‘Enter the Metaverse’ campaign is associated with a leading blockchain-based gaming platform – The Sandbox, which will provide five SAND tokens for every new trade by the new user. With the campaign SAND, the … Read more
Block CEO Jack Dorsey is leading the charge to form a nonprofit that will assist bitcoin developers in defending themselves against litigation and other legal issues. In an open letter to bitcoin developers, Dorsey stated that the Bitcoin Legal Defense Fund “aims to minimise legal issues that prevent software developers from actively developing bitcoin.” “The … Read more
Cion Digital, the creators of the world’s first corporate SaaS blockchain orchestration platform, announced today that it has raised $12 million in seed funding. The funds will be used to increase R&D resources and accelerate the rollout of crypto financing and payment solutions for Financial Services companies (Lenders, RIA’s, Banks, and Neobanks) and Big Ticket … Read more
Polytrade Finance, a decentralised finance (DeFi) lending platform that uses crypto liquidity to provide operating cash to SMEs in the real world, announced its debut on cryptocurrency exchange CoinDCX on Thursday. “$TRADE’s listing on CoinDCX will provide another way for CoinDCX’s 75 lakh-plus Indian users to access trade tokens,” the decentralised financial platform said in … Read more
Cheems Inu coin is soon launching their MemeTools and a metaverse game in the coming month(s). Cheems Inu, the king of meme coins, can be considered a meme no longer. The cryptocurrency launched last month on the Binance Smart Chain as just another dog-based coin, but since then the development team has worked hard to … Read more
