KuCoin, a cryptocurrency trading platform based in the Seychelles, has established a $100 million “Inventors Fund” intended towards early-stage NFT creators. This fund will be a complement to their recently announced NFT marketplace in conjunction with Windvane. KuCoin, which was founded in 2017, claims to have surpassed 10 million registered users by the end of … Read more
CoinDCX, India’s most valuable crypto trading platform, has secured $135.9 million (about Rs 1,000 crore) from investors led by Pantera Capital and Steadview Capital, more than doubling its valuation to $2.15 billion in less than a year. The money comes as cryptocurrency exchanges in India are subjected to new taxation restrictions. Due to limited access … Read more
The Ethereum Push Notification Service (EPNS), based in Mumbai and recognised for its web3 push notifications, has raised $10.1 million in Series A funding, valued at $131 million. Jump Crypto led the round, which included Tiger Global, Sino Global Capital, Polygon Studios, and Zee Prime Capital, as well as 25 additional investors. With this, EPNS … 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
Dexalot, a new project building a decentralized order book exchange on Avalanche, has collected $7 million in funding led by Avalanche’s Blizzard Fund (“Blizzard”) and with participation from a number of Avalanche ecosystem players and DeFi investors. In addition to Blizzard, Avalanche ecosystem investors include Avalaunch, Colony, Benqi, AVentures, and Avascan. Other partners who joined … Read more
RtistiQ will present the Digital NFT versions of Raja Ravi Varma’s (RRV) works The Coquette and Reclining Nair Lady, two of his most famous paintings. With the originals considered to be National Treasures and unable to be brought out of India, the NFT versions will be auctioned online on the RtistiQ platform from 17 February … 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
Mudrex, a Y Combinator-backed crypto investing platform based in Bengaluru and San Francisco, revealed on Tuesday that it has raised $6.5 million in pre-Series A funding from Arkam Ventures, Tribe Capital, and Bolt by QED Investors. Mudrex, founded in 2018 by Edul, Alankar Saxena (CTO), Rohit Goyal (VP, DeFi), and Prince Arora (VP, Engineering), simplifies … 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
Three Arrows Capital funds a $12.5 million strategic fundraising round for Stader Labs. The most recent boost puts the company’s value at $450 million. Stader is a non-custodial, smart contract-based staking platform that helps retail and institutions simply identify and utilise staking solutions. It was founded in April 2021 by Amitej Gajjala, Sidhartha Doddipalli, and … Read more
In a first-of-its-kind initiative to maximize the monetary potential of memes in the blockchain ecosystem, MemeChat, India’s top meme-creating platform known for viral memes, has launched The Meme Club – an NFT marketplace (TMC). The platform will provide meme creators, collectors, and other interested parties to buy and sell memes globally via NFT (non-fungible tokens). … Read more
India’s first social crypto-token by the country’s leading short-video app went live on 12 crypto exchanges. Short Video app Chingari’s first-ever social token $GARI witnessed record-breaking 24 hours trading volume that crossed the $100M mark. On the day of its listing the desi crypto-token gain of Rs. 750 Crores across 12 major crypto exchanges. These … Read more
Diginoor, an Indian NFT marketplace that launched with Rajinikanth movie NFTs, announced $1 million in its seed funding. The round saw participation from Contrary Capital, Polygon Fund, Sandeep Nailwal, Kunal Shah, Abdul Wahab Al-Halabi (MD at Embassy Capital), and others. Founded in 2021 by Chennai based teenage entrepreneurs- Shaamil Karim & Yash Rathod, Diginoor aims … Read more
Sahicoin, the world’s first crypto native social platform, has raised $1.75 million in the latest seed round led by Alameda Ventures (FTX), Better Capital Ventures, and other institutional investors. The fresh round of funding will be deployed to scale the team across engineering & product, and grow the platform. Founded by IIT Kanpur alumni, Amit Nayak, Ankush Rajput, and … 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
