Botanix Labs, a Bitcoin development startup based in New York and founded at Harvard, has announced a significant funding of $11.5 million in a press release sent to Bitcoin Magazine. This funding round, led by prominent investors including UTXO Management, Polychain Capital, Placeholder Capital, Valor Equity Partners, ABCDE, Andrew Kang, Dan Held, Dovey Wan, Eric Wall and others, will…
The funding boost will accelerate Poe, Quora’s AI chat platform, as it carves a niche in the creator economy, allowing AI bot creators to monetize their efforts. Quora, the popular questions and answers platform, has successfully raised $75 million in funding from Andreessen Horowitz (a16z), marking its first funding round in nearly seven years. The…
On December 28, the company announced that its fleet of 3,750 Bitcoin ASIC miners, purchased last year, had already generated profits due to the surge in the coin’s price. Canadian Bitcoin mining company Hive Digital has recently concluded a successful $22 million private financing round. The company achieved this milestone through the sale of 5.75…
The native BLUR token has also seen positive price movements. 2024 is only a few days away and we already have many highly anticipated blockchain projects in the works. Even though it is the holidays, crypto lovers are still engaging with these projects and many of them seem very promising. Take Blast, a layer-2 blockchain that…
Coinbase has officially received a license in France and can offer French users trading, custody, and several other related crypto services. Major American crypto exchange Coinbase Global Inc (NASDAQ: COIN) has officially registered as a virtual asset service provider (VASP) in France. The exchange is fully permitted to handle crypto services in the countries, allowing it to…
Metagood, a blockchain technology and digital assets company, announced the successful completion of a $5 million series seed funding round aimed at advancing its Osura marketplace, focused on art within the Bitcoin ecosystem, according to a press release sent to Bitcoin Magazine. “Osura is embarking on a groundbreaking collaboration with artists to immortalize their creations…
Currently valued at $8.6 billion after its £590 million ($624 million) investment round last year, SumUp stands strong in private markets with no immediate plans for an initial public offering. London-based financial services company SumUp has secured £285 million worth approximately $307 million in its latest funding round to expand its business offerings to other…
Boosted by the news of the fundraising, the platform’s native token POKT experienced a notable increase over the past 24 hours. In a significant move towards bolstering its decentralized finance (DeFi) operations, Grove, formerly known as Pocket Network Inc, has raised $7.9 million from prominent institutional investors, CoinDesk informed on Thursday. According to the report,…
The investment round was accompanied by the launch of Wormhole Labs, an independent technology company “emerging from stealth to become a core contributor to Wormhole.” Wormhole, a blockchain protocol designed to address the interoperability challenges of pioneer blockchain networks such as Bitcoin and Ethereum, has secured $225 million in funding, propelling the company’s total valuation…
Alchemy Pay is continuing its expansion in the United States and has now gotten a money transfer license in Iowa. Crypto-fiat payment gateway Alchemy Pay has acquired a money services license in Iowa as part of plans to expand extensively into the United States. The acquisition of a license is in compliance with local state…
The L2 protocol anticipates its Mainnet to go live on February 24 next year, enabling withdrawals, with users able to redeem their Blast Points starting May 24. Blast, an Ethereum layer 2 protocol with yield-bearing assets, announced the completion of its $20 million funding round led by Paradigm, a research-driven technology investment company with a…
This acquisition will prepare CoinShares to position itself in the US markets ahead of the upcoming launch of spot Bitcoin ETFs. Europe-based crypto asset management firm CoinShares has obtained an exclusive option to acquire the ETF unit of Valkyrie Investments. This will help CoinShares strategically position itself in the US market amid expectations of the…
Zhipu and Baichuan are the two leading startups involved in China’s push for using generative artificial intelligence competing with Google and OpenAI. Amid the buzzing AI market, Chinese AI startup Zhipu announced that it has secured $342 million (or 2.5 billion yuan) in funding from Chinese tech giants Alibaba Group Holding Ltd (NYSE: BABA) and…
Binance is currently in the process of finding partners for dealing with fiat transactions in the UK, as British users are still unable to deposit GBP. Leading global cryptocurrency exchange Binance has successfully onboarded fresh fiat partners to facilitate euro transactions after halting the services earlier this year due to regulatory challenges. In an official…
The TON Foundation has formed a strategic partnership with MEXC, aiming to advance global Web3 accessibility and reduce entry barriers. Decentralized blockchain platform The Open Network (TON), initially designed by Telegram, has recently secured major funding from the crypto exchange MEXC. Venture Capital arm MEXC Ventures has pumped a total of 8 figures into TON,…
By securing the latest regulatory approval, Coinbase would be able to offer its eligible customers access to regulated perpetual futures contracts on the Coinbase Advanced platform. Coinbase International Exchange, holding a class F license granted by the Bermuda Monetary Authority (BMA), has disclosed that it has secured further regulatory clearance. This authorization now permits Coinbase…
Enflame, a company that was founded in March 2018, has already made significant strides in AI chip manufacturing. The company’s cloud chips have found applications in diverse sectors, including education, smart cities, and scientific research. Enflame Technology, a Chinese tech company specializing in artificial intelligence (AI) chip development, has announced the successful completion of its…
In pursuit of this mission, Swisstronik has recently unveiled two groundbreaking milestones. The startup closed a seed funding round, amassing an impressive $5 million. The second pivotal development by Swisstronik is the initiation of a private token sale, targeting early adopters. Swisstronik, a Web3 compliance startup based in Switzerland, is making significant waves in the…
With £3 billion in deposits, over £2 billion in loans on its balance sheet, and more than 400,000 credit cards issued since its launch in 2020, Zopa has rapidly established itself as a prominent player in the UK banking landscape. Zopa, a UK-based online banking company, has achieved a significant milestone, securing an additional $93…
The recent funding infusion will support Imbue in advancing and fine-tuning its reasoning-centric AI technology. On Thursday, September 7, AI Lab Imbue announced that they have successfully raised $200 million in Series B funding, at a massive valuation of $1 billion. The San Francisco-based startup specializes in training foundation models optimized for “reasoning”, a focus…
The funds will be used by the comapny for international expansion across continents to capitalize on significant market demand. Popular Israeli fintech company ThetaRay, known for its cutting-edge AI-based transaction monitoring and screening solution, Sonar, has secured $57 million in a funding round. The announcement, made on Tuesday, revealed that the fresh round was led…
Ivy will use these funds to expand its footprint in different regions and partner with major payment service providers thereby helping them power their own open-banking offerings. On Thursday, August 31, Berlin-based startup Ivy announced that it secured a staggering $20 million in funding in order to take the open-banking payments international. Ivy recently built…
Hugging Face provides various tools with AI code for data science hosting and development. The startup plans to use fresh funds for further expansion. In the latest Series D funding round, Hugging Face Inc – a startup making AI software and hosting it for other companies – secured $235 million in funding at a valuation…
Nodal Power, who mitigates methane at landfills by powering Bitcoin mining data centers, announced that the company has successfully raised $13 million in a seed funding round aimed at aggressively curbing methane emissions from landfills while harnessing their latent energy potential, according to a press release sent to Bitcoin Magazine. A significant portion of the funds has…
With the approval, Coinbase has become the first native crypto company to provide both derivatives and spot trading services directly to customers. Leading American crypto exchange Coinbase has received regulatory approval to offer eligible customers in the United States the opportunity to trade Bitcoin (BTC) and Ethereum (ETH) futures contracts. The company will serve as…
Today, Orange Pill App, a social networking app that facilitates real-life connections among Bitcoin enthusiasts, has successfully raised $250,000 in pre-seed funding, according to a press release sent to Bitcoin Magazine. The funding round was led by Lightning Ventures, accompanied by several other angel investors, including NBA star Matthew Dellavedova and Barefoot Bitcoin Fund. Orange…
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…
Today, Hong Kong-based start up Bitcoin wallet Xverse announced they have successfully closed a $5 million seed funding round, according to a press release sent to Bitcoin Magazine. The round was spearheaded by Jump Crypto, a prominent name in the blockchain investment realm, and saw the participation of several other backers including RockawayX, Sfermion, Alliance, NGC Ventures, V3ntures, Old Fashion Research,…