Blockchain – SiliconANGLE

Celestia Foundation nabs $100M for modular blockchain network

Kyt Dotson — Tue, 24 Sep 2024 17:25:22 +0000

Celestia Foundation, the team behind the modular blockchain network Celestia, has raised $100 million in new funding. The investment, announced Monday, was led by Bain Capital Crypto, with additional contributions from Syncracy Capital, 1kx, Robot Ventures, and Placeholder. It follows a previous $55 million investment led by Bain Capital Crypto and Polychain Capital in 2022, bringing the […]

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Cudis raises $5M for a blockchain-based AI-powered wearable health ring

Kyt Dotson — Wed, 18 Sep 2024 15:30:18 +0000

Wearable device health startup Cudis known for its smart health ring today announced it has raised $5 million in seed funding to scale up its ring to larger markets and improve its artificial-intelligence health-centric features. Led by Draper Associates, investors also included DraperDragon, Skybridge, Penrose, SNZ, Mozaik, NGC, Foresight Ventures, OGBC and Monke Ventures, among […]

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Blockchain music streaming startup Tune.fm raises $50M

Kyt Dotson — Thu, 12 Sep 2024 16:20:27 +0000

Blockchain-based music streaming platform Tune.fm today announced it raised $50 million in new funding led by Global Emerging Markets intending to reward artists for the time their music is listened to. The new investment follows $20 million injected into the company led by LDA Capital in January bringing the total raised by Tune.fm to $80 […]

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NFT marketplace OpenSea targeted by SEC with warning about pending enforcement action

Kyt Dotson — Thu, 29 Aug 2024 16:20:51 +0000

Nonfungible token marketplace OpenSea said Wednesday that it received a Wells notice from the U.S. Securities and Exchange Commission, indicating that the government body intends to take pending enforcement action. Devin Finzer, OpenSea co-founder and chief executive, said on X that the SEC alleged in the warning that NFTs traded on the platform may qualify as […]

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Quai raises $5M to build a proof-of-work stablecoin that uses energy to generate value

Kyt Dotson — Thu, 29 Aug 2024 14:00:31 +0000

Quai, a layer-1 cryptocurrency blockchain network seeking to build a new proof-of-work stablecoin, today announced it has raised $5 million in a new strategic funding round in conjunction with the launch of the company’s devnet infrastructure. The round attracted investments from Cogitent Ventures, MH Ventures, TPC Ventures, Giga Chad Ventures and DexCheck Ventures. The company […]

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Story raises $80M for blockchain-based IP network to address creative ownership in the AI era

Kyt Dotson — Wed, 21 Aug 2024 16:20:12 +0000

Programmable IP Labs, the core contributor to the intellectual property-tracking blockchain network Story Protocol, today said it has raised $80 million in new funding. The Series B round, led by a16 crypto, brought the total raised by PIP to $140 million, including $54 million from a previous round also led by the crypto arm of Andreessen Horowitz […]

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Decentralized AI network Sahara raises $43M to tackle copyright and transparency in training data

Kyt Dotson — Wed, 14 Aug 2024 16:20:57 +0000

Sahara AI Ltd., a startup building a decentralized platform for artificial intelligence data using blockchain technology, today announced it has raised $43 million in early-stage funding co-led by Pantera Capital, Binance Labs and Polychain Capital. The Series A funding round also attracted investments from Samsung, Alumni Ventures, Sequoia Capital, Matrix Partners, dao5, Geekcartel, Nomad Capital, […]

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Surging cryptocurrency trading helps Robinhood beat earnings

Duncan Riley — Wed, 07 Aug 2024 22:51:25 +0000

Shares in Robinhood Markets Inc. were up over 3% in late trading today after the financial services company surprised with a second-quarter earnings beat thanks to surging levels of customer trading, particularly in cryptocurrency. For the quarter ended June 30, Robinhood reported adjusted earnings per share of 21 cents, up from three cents per share […]

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Andrena raises $18M to launch decentralized internet service

Kyt Dotson — Wed, 07 Aug 2024 18:00:06 +0000

High-speed Wi-Fi internet provider Andrea announced today it has raised $18 million in an early-stage round to develop a decentralized broadband protocol. The extended Series A round was led by Dragonfly Capital. It also attracted investments from CMT Digital, Castle Island Ventures, Wintermute Ventures, 6th Man Ventures and ParaFi. It brings the company’s total raised […]

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Coinbase and Block shares rise as both impress in second quarter

Duncan Riley — Fri, 02 Aug 2024 00:47:16 +0000

Shares in Coinbase Global Inc. and Block Inc. rose in late trading today as they both impressed investors and Block announced a new sales strategy. For its second quarter that ended June 30, Coinbase reported adjusted earnings per share of 14 cents, up from a loss of 42 cents in the same quarter of the […]

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Caldera raises $15M to help developers deploy their own scaling for blockchain networks

Kyt Dotson — Wed, 24 Jul 2024 16:45:26 +0000

Caldera, a Web3 infrastructure platform that helps developers deploy Ethereum rollups for scaling up blockchain networks, today announced it has raised $15 million in an early-stage funding round. Today’s Series A funding round was led by Peter Thiel’s Founders Fund with participation from Dragonfly, Sequoia Capital, Arkstream Capital and Lattice. This latest investment brings Caldera’s […]

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Enterprise blockchain data platform Allium raises $16.5M led by Theory Ventures

Kyt Dotson — Thu, 18 Jul 2024 18:10:27 +0000

Allium Inc., a blockchain data delivery platform for the enterprise, today announced it has raised $16.5 million in early-stage funding led by Theory Ventures to scale out its infrastructure and offer ways for more financial institutions to embrace digital assets. Existing investors Kleiner Perkins and Amplify Partners also participated in the Series A funding round, […]

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Indian crypto exchange WazirX falls victim to $235M security breach

Kyt Dotson — Thu, 18 Jul 2024 15:30:37 +0000

Mumbai, India-based crypto exchange WazirX relayed today that it suffered a security breach early this morning that led to about $235 million in cryptocurrency being stolen after one of its Ethereum wallets was compromised. The news surfaced after Web3 security firm Cyvers noted suspicious transactions had moved $234.9 million in funds from the exchange’s wallet […]

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Mira raises $9M in seed funding to develop accessible decentralized AI infrastructure

Kyt Dotson — Tue, 16 Jul 2024 18:20:49 +0000

Blockchain-based artificial intelligence development network Mira today announced that it has raised $9 million in seed funding to build a decentralized AI infrastructure platform to expand access to advanced AI capabilities. The round was led by Bitkraft Ventures and Framework Ventures, a notable crypto venture capital firm, and also attracted investments from Accel, Crucible, Folius […]

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Partior, blockchain payment network backed by JPMorgan and Standard Charter, raises $60M

Kyt Dotson — Fri, 12 Jul 2024 17:05:04 +0000

Partior, a cross-border payment network backed by big banks JPMorgan Chase & Co., Standard Chartered Plc. and DBS Bank Ltd., today announced it has raised $60 million in a Series B funding round. The round was led by Peak XV Partners with support from Valor Capital Group and Jump Trading Group as new investors. J.P. […]

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Immunefi and Ethereum Foundation partner on crowdsourced network audit to boost blockchain security

Kyt Dotson — Mon, 08 Jul 2024 16:30:22 +0000

Blockchain bug bounty platform Immunefi and the Ethereum Foundation today announced a partnership to launch a large-scale crowdsourced collaborative network audit of the Ethereum blockchain protocol called an “Attackathon.” The Attackathon is aiming to be the largest-scale crowdsourced security audit contest conducted on the code of the Ethereum blockchain protocol. Ethereum is a decentralized, open-source […]

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Bitcoin starts to recover after Mt. Gox trustee disbursements causes price plunge

Duncan Riley — Mon, 08 Jul 2024 00:24:15 +0000

The price of bitcoin recovered slightly today after the cryptocurrency experienced one of its biggest recent falls on Friday. The price move came after the trustee for failed bitcoin exchange Mt. Gox started making repayments to the exchange’s creditors. On July 5, the rehabilitation trustee for Mt. Gox announced that it had made repayments in bitcoin […]

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South Korea launches cryptocurrency monitoring system to fight market manipulation

Kyt Dotson — Fri, 05 Jul 2024 16:05:43 +0000

South Korea’s financial watchdog, the Financial Supervisory Service, on Thursday unveiled a national 24-hour surveillance network designed to track and trace cryptocurrency transactions with local exchanges to combat crypto market manipulation and fraud. The system’s launch will come in tandem with new crypto investor regulations that go into effect on July 19. The new law, the Digital […]

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Blockchain oracle RedStone raises $15M to bring outside data into networks

Kyt Dotson — Wed, 03 Jul 2024 15:45:46 +0000

RedStone Oracles, a modular solution that connects blockchain networks to external data, announced Tuesday that it has raised $15 million in early-stage funding led by Arrington Capital to expand its service. The company’s Series A round included participation from SevenX, IOSG Ventures, Spartan Capital, White Star Capital, Kraken Ventures, Amber Group, Protagonist, gumi Cryptos, Christian […]

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Blockchain security startup Mamori raises $5M to use machine learning to detect exploits

Kyt Dotson — Mon, 01 Jul 2024 16:40:40 +0000

Blockchain security startup Mamori today announced it has secured $5 million in seed funding for its platform that uses machine learning to detect and remediate exploits. The round was led by Blockchain Capital. Velocity Capital and Web3.com also participated in the round, the company said, along with angel investors Grigore Rosu, Daniel Lubarov, Alex Watts, […]

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Near Foundation launches Nuffle Labs with $13M to advance modular blockchain infrastructure

Kyt Dotson — Thu, 13 Jun 2024 17:15:57 +0000

Near Foundation, the steward of the scalable and performant blockchain Near Protocol, said today it’s spinning out its modular product suite into Nuffle Labs and raised $13 million in external funding for the new company. The new funding included a $7 million strategic grant from the Near Foundation itself to the newly formed company alongside $6 […]

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Terraform Labs and co-founder Do Kwon agree to $4.47B settlement with SEC

Duncan Riley — Wed, 12 Jun 2024 23:08:26 +0000

Terraform Labs Pte. Ltd. and its co-founder, Do Kwon, have agreed to pay $4.47 billion to settle a lawsuit brought against them by the U.S. Securities and Exchange Commission following the collapse of its TerraUSD and Luna token in 2022. The details of the settlement were listed in a court filing, which states that Terraform […]

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Robinhood agrees to acquire crypto exchange Bitstamp in global expansion effort

Kyt Dotson — Thu, 06 Jun 2024 15:30:02 +0000

Online stockbroker and trading Robinhood Markets Inc. said today that it has agreed to acquire Bitstamp Ltd., a cryptocurrency exchange with global reach, in an effort to deepen the company’s crypto offerings and expand its customer base outside the United States. According to the agreement, Bitstamp will be sold to Robinhood in a $200 million […]

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Switchboard raises $7.5M to help provide blockchain projects links to real-world data

Kyt Dotson — Wed, 29 May 2024 16:55:02 +0000

On-chain “oracle” startup Switchboard Technology Labs Inc., which builds services that provide Web3 projects access to real-world third-party data, today announced it raised $7.5 million in early-stage funding co-led by Tribe Capital and RockawayX. Additional backing for the company’s Series A funding round included investments from the Solana Foundation, Aptos Labs, Mitzen Labs, Subzero Ventures, […]

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BlackRock, Fidelity and six other firms receive SEC approval for Ethereum ETFs

Duncan Riley — Thu, 23 May 2024 22:54:52 +0000

In a surprise decision, the U.S. Securities and Exchange Commission announced today that it has approved eight applications for spot Ethereum exchange-traded funds. The SEC approved 19b-4 forms — submissions made to the SEC seeking approval to list and trade a new ETF — that detailed the proposed rule changes and regulatory compliance. The eight […]

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Farcaster secures $150M to expand decentralized social networking features

Duncan Riley — Tue, 21 May 2024 23:36:37 +0000

Decentralized social network protocol startup Farcaster said today it has raised $150 million in new funding on a $1 billion valuation to further grow its user base and add new in-protocol features such as channels and direct messaging. Founded in 2021, Farcaster offers a decentralized social network protocol that allows developers to build interoperable applications where users […]

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Lagrange raises $13M to build blockchain-based cryptographic ‘big data’-scale computation

Kyt Dotson — Wed, 08 May 2024 18:00:41 +0000

Lagrange Labs, a startup building the blockchain-based cryptography protocol Lagrange, today announced it raised $13.2 million in seed funding to progress its vision of scaling up verifiable computation over blockchain at “big data” scale. The funding round, led by Peter Thiel’s Founders Fund, also attracted investments from Archetype Ventures, 1kx, Maven11, Fenbushi Capital, Volt Capital, CMT Digital and Mantle Ecosystem Fund. The company […]

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Web3 newsletter Paragraph raises $5M and takes over blogging platform Mirror

Kyt Dotson — Fri, 03 May 2024 17:10:07 +0000

Web3 newsletter publishing platform Paragraph raised $5 million in new funding on Thursday in addition to acquiring Mirror, a blockchain-based blogging platform that will help the company elevate its position in taking on traditional publishing with self-ownership of content. The fundraise was led by Coinbase Ventures and Union Square Ventures. Paragraph previously raised $1.7 million […]

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Securitize raises $47M to tokenize real-world assets on the blockchain

Kyt Dotson — Thu, 02 May 2024 16:50:57 +0000

Securitize Inc., a compliance and tokenization firm using blockchain technology to tokenize real-world assets, announced Wednesday that it raised $47 million in funding led by multinational investment manager BlackRock Inc. The company uses digital ledger blockchain technology to create a secure digital representation of securities, such as stocks, bonds and exchange-traded funds. Using its platform these securities and tokens […]

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Binance founder CZ given four months for failing to implement anti-money-laundering measures

Duncan Riley — Tue, 30 Apr 2024 23:01:03 +0000

Changpeng “CZ” Zhao, the founder and former chief executive officer of Binance Holdings Ltd., the world’s largest cryptocurrency exchange, has been sentenced to four months in prison for willfully failing to implement an effective anti-money-laundering program as required by the U.S. Bank Secrecy Act. CZ was sentenced after he pled guilty to the charge following […]

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