Tag: finance and funding

Jul 25 2022

KuCoin Secures $10 Million Investment from SIG

Jul 25 2022 Published at Altcoin Buzz under tags  finance and funding kucoin

SIG invests $10 million in KuCoin. KuCoin is amongst the top 10 cryptocurrency exchanges in the world across all parameters. It recently surpassed 20 million registered users and has over 700 coins listed on its platform. The daily trading volume on KuCoin has been constantly increasing and has consistently surpassed $1 Billion over the last few months....

Jun 07 2022

Will Celsius Not Be Able to Honor Redemptions?

It appears that the Celsius network may have run into liquidity issues. They may be insolvent on their ETH position. A Twitter thread by Mike Burgersburg reveals this. We doubt that this is his real name. He tends to investigate crypto projects. Furthermore, he uses the Twitter handle...

Apr 11 2022

How Certik Remains The Leader in the Crypto Security Sector?

CertiK has been in the limelight in recent times for all the right reasons. The firm is also known as a trail-blazer in the field of blockchain security. Making use of AI technology to secure smart contracts and blockchain platforms. Interestingly, CertiK has recently completed its third funding round. The funding event resulted in doubling its entire valuation...

Mar 21 2022

ConsenSys is Driving Institutional Interest in Web 3

ConsenSys is in the limelight in recent times for all the right reasons. The blockchain technology startup firm recently raised $450 million in a funding round. According to ConsenSys, the funding came from top institutional firms like Microsoft, Temasek, and Japan’s Softbank. This is a clear indicator of the growing interest in Web 3.0 by institutional-grade firms. This article covers details of top...

Mar 16 2022

Why Is a Crypto Simulation Platform Valued at $1 Billion?

Gauntlet is the platform we're talking about. They are a financial modelling platform. In other words, a crypto quant company. This is short for quantitative analysis. In turn, it is a rather specialized sector in the financial world. Quant firms, like Gauntlet, apply mathematical and statistical methods. With these, it is possible to make financial and business decisions. As a result, the DeFi...

Feb 24 2022

Why The Luna Foundation Is Adding Bitcoin To Its UST Reserve?

According to the announcement, LUNA Foundation has recently raised a whopping $1 billion worth of Bitcoin to serve as a reserve for its fast-rising TerraUSD (UST) stablecoin. The fund will also help improve the standing of the stablecoin in the cryptocurrency space. According to the tweet made on February 22nd, this private token sale is...

Feb 19 2022

Plutonians Public IGO Sold Out In 58 Seconds

The blockchain gaming industry is developing at a remarkable pace and IGOs are providing developers and game lovers with the opportunity to invest in gaming projects. The recently completed Plutonians public IGO on Seedify is a pointer to the growing interest in blockchain gaming. Seedify is a top blockchain gaming launchpad focused on supporting GameFi...

Feb 15 2022

GuildFi Gains Funding From BSC’s Investment Fund

Blockchain gaming has increased in popularity over the last couple of months, and GuildFi, a crypto gaming scholarship provider, is at the forefront. The platform intends to build a community of NFT games. GuildFi aims to maximize players' benefits across the metaverse. Furthermore, the project recently secured an investment from Binance Smart Chain's $1 billion Growth Fund. This fund will go a long...

Feb 11 2022

Pirate X Pirate IDO Coming to BinStarter

Pirate-themed blockchain gaming platform Pirate X Pirate has disclosed plans for its upcoming IDO launch. The launch will take place on the multichain insurance protocol IDO launchpad platform, BinStarter. In preparation for the IDO launch, Pirate X Pirate IDO Whitelist is also currently ongoing on...

Feb 09 2022

KPMG Canada Acquires Bitcoin and Ethereum

One of the world's biggest auditors, KPMG Canada, has added Bitcoin (BTC) and Ether (ETH) to its corporate treasury. The company now joins a growing list of prominent corporations that have converted a piece of their physical cash to digital assets. In addition, the purchase shows KPMG's interest in digital assets. We have just...

KPMG Canada Holds Bitcoin and Ethereum

One of the world's biggest auditors, KPMG Canada, has added Bitcoin (BTC) and Ether (ETH) to its corporate treasury. The company now joins a growing list of prominent corporations that have converted a piece of their physical cash to digital assets. In addition, the purchase shows KPMG's interest in digital assets. We have just...

Do Venture Cap Firms Have Too Much Control Over Web3?

This week’s massive fundraising round by Ethereum Layer 2 network Polygon has highlighted the ever-increasing influence of large venture cap firms over the industry. Ethereum Layer 2 scaling solutions network Polygon announced a massive $450 million fundraising round on February 8. Sequoia Capital led the...

Jan 19 2022

Microsoft Reveals Metaverse Ambitions With Activision Acquisition

Global software giant Microsoft is the latest big business name to mention the Metaverse with its latest acquisition. The world’s second-largest company by market capitalization, Microsoft, announced that it was acquiring gaming giant Activision Blizzard on January 18. The massive move to buy the largest video games company in Europe and North America is reportedly worth a whopping $68.7 billion. Furthermore, Microsoft has...

Could Bitcoin Lose Its Number One Spot in the Crypto Space?

Bitcoin is the world’s foremost cryptocurrency. However, in recent times, more focus has been directed towards altcoins and stablecoins. Is the popular "King Crypto" losing its number one spot? According to crypto payment processing platform BitPay, this could be the case. Bloomberg, in a recent report,...

Dec 30 2021

Rainmaker Games ($RAIN) Staking Goes Live

After securing $6.5 million to boost its mission of providing a free global platform for users to play hundreds of play-to-earn games, Rainmaker is making more giant strides in the blockchain space. In another remarkable development, Rainmaker Games via its official Twitter handle announces that staking of $RAIN is now live. According to the announcement, users can now stake their $RAIN token and...

Dec 24 2021

Binance Has Launched BNB Auto-Burn

Dec 24 2021 Published at Altcoin Buzz under tags  binance bnb crypto finance and funding

Binance, the world's largest crypto exchange, has announced that it is going to replace its current quarterly burn mechanism with a new Binance Coin (BNB) Auto-Burn protocol. The exchange updated its quarterly burning mechanism for BNB coins in response to community requests. Above all, they claim that this will give their community more "transparency and predictability."...

Dec 02 2021

Crypto.com Expanding Into Derivatives With Purchase of Two Exchanges

Popular crypto payments and wallet platform Crypto.com is in expansion mode. The company has announced that it is purchasing two exchanges in the United States. On December 1, Crypto.com, based in Singapore, announced that it agreed to acquire Nadex and the Small Exchange from IG Group. Nadex is a North American retail-focused regulated online exchange and clearinghouse offering derivatives products. Small Exchange also...

Nov 11 2021

Cryption Network Receives Funding for Key Projects

Cryption Network is a DeFi platform that simplifies the transition from fiat to cryptocurrencies for retail investors. The network has a set of user- friendly products which help in reaching this goal. Therefore, users can also enjoy a low-fee DEX to aid DeFi projects and a market maker that can create a market for any event. In this article, you will discover more about...

Oct 01 2021

Clearpool – A Decentralized Capital Markets Ecosystem

Clearpool is out to completely revolutionize the debt capital markets, providing institutions with access to uncollateralized liquidity and LPs with attractive rewards. The Ethereum-based decentralized capital markets ecosystem, Clearpool, also recently completed a funding round. Funding was led by Arrington Capital, GBV, Sino Global Capital, HashKey Capital, Hex Trust, Wintermute, and Sequoia Capital India. A whopping $3 million was raised...

Sep 12 2021

Indexing Protocol SubQuery Network Completes Funding Round

SubQuery Network recently announced the completion of its funding round where it raised a whopping $9 million. According to reports, SubQuery Network is a data indexing protocol for popular blockchain protocol Polkadot and Kusama. Interestingly, the fund was raised in a series A funding round using a Simple Agreement for Future Tokens (SAFT) sale. The funds obtained will also be directed towards facilitating...

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