CoinSwitch Ventures and GravityX Capital Launch Web3 Scale-Up Program LevitateX

GravityX Capital, an early stage web3 venture capital firm focussing on areas of Gamefi, Defi, and Core Web3 Infrastructure companies, and CoinSwitch Ventures, the investments arm of CoinSwitch, India’s largest crypto investing platform, have launched a groundbreaking Web3 Scale-Up Program called ‘LevitateX’. This strategic initiative aims to support and propel early-stage Web3 companies in the … Read more

Matrix Partners India Leads $4M Funding Round for Blockchain Supply Chain Platform Emtech

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 Publishes 2nd Edition of Proof of Reserves, Showing Higher Crypto Assets and INR Balances Than Users

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 Launches Crypto Loans For Bitcoin (BTC), Ethereum (ETH) and more as a Lending Services

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 Raises $2.5M to Build Crypto for Grandmas

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

Crypto Exchange Bitget records 200% growth in India in 2022

Leading cryptocurrency exchange Bitget has recorded over 200% growth for digital assets’ trading volumes in the India market since its launch in early May ’22. With over 8 million users worldwide, Bitget has managed to capture a significant share of the South Asian market resulting in increased registrations from retail users. Bitget’s performance has accelerated … Read more

CoinSwitch unveils new brand identity ahead of wealth tech foray

CoinSwitch, the Crypto investing app, has revealed an all-new brand identity, which includes a new logo, colours, font, and a refreshed mobile app. The company is on its way to becoming the first Indian crypto company to diversify into other asset classes as part of its mission to make money equal for all. The brand-new … Read more

Fordefi Raises $18M Seed Round to Launch Institutional DeFi Wallet and Security Platform

Fordefi, a financial technology and software company, today announced an $18 million seed round and the public launch of its institutional MPC wallet built for transacting on decentralized applications (dApps). Led by Lightspeed Venture Partners, the investors of the firm’s initial capital raise also include Electric Capital, Alameda Research, Jump Crypto, Castle Island, Pantera Capital, Illuminate Financial, PayPal … Read more

Trapshooter of Indian Team Vivaan Kapoor Launches Crypto Runners

Vivaan Kapoor, a junior Asian Champion and trapshooter of the Indian team, recently launched an NFT company called Crypto Runners along with his brother Rahul Kapoor. The company was founded with a mission to financially support skilled artisans of India by beginning an Artisans’ Charity. Crypto Runners offers investors a collection of 10,000 unique NFTs … Read more

KuCoin Celebrates 5th Anniversary, Announces Expansion Plans

Since its founding in 2017, KuCoin has expanded from its original seven co-founders to a highly effective team of over 1,000 people across the globe, scaling 142 times. The exchange currently serves 20 million crypto users across more than 200 countries. Along with the rapid growth in the number of users, the cumulative trading volume … Read more

Crypto tax startup KoinX raises $1.5 million In seed funding

Polygon founder Sandeep Nailwal, the iSeed Fund, KubeVC, and other angel investors contributed $1.5 million to KoinX, a Crypto Tax startup. The funds will be used by the startup to scale its performance and reach more than five lakh investors by the second quarter of this fiscal year. KoinX, founded by Punit Agarwal, helps cryptocurrency … Read more

Metaverse Could Contribute $3 Trillion to Global GDP Within a Decade

The Metaverse is more than just a buzzword. In fact, this virtual-reality world, which has the ability to transform education, health care, manufacturing, job training, communications, entertainment, and retail, could become a tangible and valuable reality in the next decade. A new white paper from Analysis Group, in partnership with Meta Platforms, Inc. (NASDAQ:FB) says to achieve this, … Read more

Coins.ph Raises $30 Million in Series C Financing to Accelerate Investment in Web3

Coins.ph, the Philippines’ leading fiat, and crypto wallet services provider and Joffre Capital portfolio company, today announced the successful completion of a $30 million Series C financing led by Ribbit Capital, and joined by other strategic investors. The new capital will be used to further expand its Web3 ecosystem and presence throughout Southeast Asia. Coins.ph … Read more

Texas Bitcoin Miners Turn Off to Conserve Power for the Grid

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

Nftically Makes Minting Nfts Free For Users; Introduces Zero Cost Gas Fee

NFTICALLY, India’s first global NFT marketplace creator & B2B SaaS is excited to announce that now it will allow the minting of NFTs without any gas fees on the Polygon network. The feature is enrolled to support the pockets of the users who earlier paid hefty amounts as a minting fee and were held back … Read more