Hub71+ Digital Assets Initiative Aims to Advance Web3-Based innovations
Hub71 will invest $2 billion in Web3 startups in Abu Dhabi.
Coinbase CEO Brian Armstrong To Sell 2% Stake to Fund Science and Tech Development
Science and technology play a crucial role in responding to the most important issues facing the world today. This is why Coinbase CEO is funding the initiative.
Fintech Investments Amount in Singapore Reached over $3.9 Billion in 2021
The fintech sector in Singapore made significant strides in 2021 by hitting $3.94 billion, with crypto and blockchain funding contributing nearly half at 1.48 billion.
India's Shardeum Closes $18.2M Seed Funding Round, Valuation at $199M
According to Shardeum, the new funds will be used for increased marketing efforts and upgrading the development team.
Galoy Launches BTC-Backed Synthetic USD, Hedging Volatility Surprises in Bitcoin
Galoy believes that allowing dollars to flow through Bitcoin will assist in addressing short-term volatility price risk. Volatility is one of the biggest challenges hindering growth of Bitcoin as a means for casual payments.
Ethereum's transition to proof-of-stake
ssv.network created a $50 million fund to encourage Ether (ETH) staking technology research. DVT, an open-source protocol, distributes validator duties over numerous nodes. Vitalik Buterin's Eth2 roadmap relied on the protocol.
Avalanche Received $230M Funding with its Token AVAX Hitting a Record High of $68.89
On September 16, the Avalanche Foundation received a $230 million investment from a group led by Polychain and Three Arrows Capital. The price of AVAX soared to a record high of $68.89 today
Facebook Sets up $50M Investment Fund for the Development of Metaverse
Social media giant Facebook announced a two-year grant of $50 million to strengthen the interpersonal connection between reality and virtual reality, consumer hardware and promotion of Metaverse products' development.
Vespene Energy Raises $4.3M Funding to Convert Landfill Methane into Bitcoin
Vespene Energy, a methane mitigation company, said that it is developing an infrastructure that will enable methane gas to produce electricity for Bitcoin mining.
One River Asset Management Closes $41M Funding Round Led by Goldman Sachs
One River Asset Management has completed a $41 million Series A funding round led by Coinbase Ventures and Goldman Sachs.
Former FTX US Head Launches New Crypto Software
Former FTX US CEO launches bitcoin software startup. Brett Harrison's latest firm, Architect, received $5 million from investors. The firm will create crypto trading software for huge organisations.
Digital Asset Protection Firm Coincover Secures $30 Million in Funding Round
Foundation Capital and CMT Digital invest $30 million in Coincover to safeguard digital assets.