The newly acquired funds will help HashKey to build diversified Web3 products amid the mainstream adoption of digital assets and blockchain technology in Asia. HashKey Group, the operator of a leading Hong Kong-based cryptocurrency exchange and other web3-focused platforms, announced the completion of the Series A funding round with nearly $100 million. As a result,…
Finoa’s funding round, initially targeting $5-6 million from existing investors, surpassed expectations amid external investor interest driven by the firm’s recent profitability. Finoa, a Germany-based crypto custodian and staking services provider catering primarily to institutional clients, has successfully raised $15 million in a strategic funding round. Maven 11 Capital and Balderton Capital co-led this investment…
With a history of backing successful ventures like Cosmos, Solana, and Polkadot, Cyber.Fund aims to foster the development of what it terms the “cybernetic economy”, where blockchain forms the foundation. Cyber.Fund, an investment firm renowned for its early support of Ethereum, has recently unveiled an impressive commitment of $100 million towards blockchain projects that merge…
Atomic Wallet states that most of the users impacted by the hack do not actually reside in the United States, and only one plaintiff out of the entire class action lawsuit is based in Colorado, where the suit was initiated. Crypto wallet company Atomic Wallet, based in Estonia, has asked a United States court to…
Despite the selling pressure, Bitcoin has outperformed the broader crypto market with its market share crossing over 50%. Bitcoin and the broader cryptocurrency market have come under selling pressure amid rising geopolitical uncertainties and a recent war eruption between Israel and Palestine. The developments led to more than $100 million in bull call liquidations in…
The launch of the VC fund in Hong Kong highlights the country’s rising role as a crypto haven. CMCC Global, a crypto-focused venture capital (VC) company, has successfully raised $100 million to offer equity investments to early-stage blockchain startups across Asia with a particular interest in Hong Kong, its home country. In an interview with…
Visa considers itself a pioneer in AI usage in payments. Reports suggest that the company sees the funding initiative as a chance to maintain its leadership in using AI. Payment giant Visa has launched a $100 million funding initiative for generative AI startups building products that will determine the future of commerce and payments. Visa’s…
Taking advantage of this environment, HashKey Exchange became the first crypto firm in the city to obtain a license under the new licensing regime last month. HashKey Capital, the investment arm of Hong Kong-based financial services firm HashKey Group, has announced the launch of a secondary market crypto fund focused on investment in altcoins. The…
Apollo.io has grown to a respectable B2B platform with over 3 million global customers hence its revenue up more than nine times in the past two years. Leading all-in-one sales intelligence platform Apollo.io has announced the closure of its Series D funding round with about $100 million secured. According to the announcement, the just concluded…
Prior to the fall of FTX in November 2022, SBF stated that he intended to donate between $100 million and $1 billion to political campaigns influencing the 2024 elections. Former FTX CEO, Sam Bankman-Fried (SBF) has found himself facing seven counts of conspiracy and fraud in a recent indictment brought against him by US prosecutors…
As part of their partnership, Anthropic and SK Telecom will work together for building large language models (LLMs) for telcos. US-based artificial intelligence startup Anthropic PBC announced that it has secured a staggering $100 million in investments from South Korea’s largest telecommunications company SK Telecom. With this investment, SK Telecom also seeks to bolster its…
The John Lewis Partnership will now use artificial intelligence supported by Google Cloud to provide customers with new and improved services. British company The John Lewis Partnership has signed a deal with Alphabet‘s Google Cloud for machine learning and artificial intelligence (AI) purposes. The deal is worth £100 million and will see Google Cloud partner…
As per the preliminary audits, the estimated losses are already north of $42 million with assets worth $100 million under risk. Curve Finance, the Ethereum-based second-largest decentralized exchange (DEX) after Uniswap, suffered a major exploit on Sunday, July 30. The exploit happened typically due to a vulnerability in its programing language Vyper. Due to the…