Funding | Crypto Profit Bot

Crypto fintech Moonpay reportedly aims for $3.4B valuation in first VC funding

October 12, 2021

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Co-led by Tiger Global Management and Coatue Management, the VC funding will inject funds worth $400 million into the bootstrapped company. 840 Total views 10 Total shares Moonpay, a fintech startup dedicated to building crypto payments infrastructure, is reportedly expected to reach a valuation of $3.4 billion after conducting its first round of venture capital […]

Texas Democratic Party aims to use NFT sales for fundraising efforts

October 12, 2021

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“We can’t wait to continue turning powerful, exclusive, behind-the-scenes moments into digital assets that help fuel progressive objectives,” said Front Row co-founder Parker Butterworth. 1093 Total views 32 Total shares Front Row, a marketplace geared towards progressive organizations, has said it will be partnering with the Texas Democratic Party to pilot a program aimed at […]

Gaming VC Bitkraft launches $75M investment fund for blockchain gaming

October 8, 2021

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Bitkraft’s new $75 million token fund has already closed investments in six different projects. 39 Total views 4 Total shares E-sports investment platform Bitkraft VC has established a $75 million token fund for investing in blockchain gaming and digital entertainment. The fund uses a “stage-agnostic” strategy, meaning that it will put money in companies and […]

3 warning signs suggest the Bitcoin price rally is overextended

October 7, 2021

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Bitcoin (BTC) faced fresh doubts over the strength of its bull run on Oct. 7 as analysts eyed a potential reversal of Wednesday’s short squeeze. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Funding rates in the red zone Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it hovered near $54,000 after failing to establish […]

Indian crypto exchange CoinSwitch Kuber raises $260M

October 6, 2021

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Valued at $1.9 billion, CoinSwitch Kuber has become the largest crypto company in India, CEO Ashish Singhal said. 396 Total views 19 Total shares Major Indian cryptocurrency exchange CoinSwitch Kuber is joining the unicorn club by raising $260 million in a Series C funding round. According to an official announcement on Oct. 6, the new […]

Facebook announces $50M investment fund tasked with developing its virtual metaverse

September 28, 2021

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Facebook has slated $50 million to be spent over the next two years through its XR Programs and Research fund. 3707 Total views 54 Total shares Facebook has announced it will allocate $50 million to a two-year fund tasked with beginning work on realizing the firm’s vision for a virtual metaverse. A Sept. 27 announcement […]

Crypto asset manager Cobo raises $40M to launch DeFi-as-a-service

September 23, 2021

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Despite a blanket ban in China and regulatory crackdowns on exchanges in Korea, Asia remains a hotbed for crypto investments. 2215 Total views 52 Total shares Digital asset manager Cobo has raised $40 million to advance institutional pathways to decentralized finance products, offering compelling evidence that more Asia-Pacific investors are seeking secure access to the […]

Bitcoin miner Genesis Digital Assets raises $431M

September 22, 2021

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Genesis Digital previously raised $125 million in an equity funding round led by Kingsway Capital in July 2021. 195 Total views 13 Total shares Major Bitcoin (BTC) mining company Genesis Digital Assets has secured $431 million in funding to expand its industrial-scale mining operations in the United States and Nordics. The new funding round was […]

Bitcoin is great, but real crypto innovation has moved elsewhere

September 18, 2021

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Something is brewing, and those with finely tuned noses can smell it. As traders have come to expect, Bitcoin (BTC) is doing “Bitcoin things” by bouncing around between the usual “key” support and resistance levels, and to be honest, it’s all starting to feel a bit boomerish. Bitcoin’s long-awaited “moon” depended on institutional investor buy-in, […]

Avalanche (AVAX) just hit a new ATH, but what’s really behind the price surge?

September 17, 2021

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On Sept.16 Avalanche (AVAX) price hit a new all-time high at $68.89 and over the last few months the project has risen to challenge the Ethereum (ETH) network’s dominance among smart contract platforms. According to the project’s website, the layer-one protocol capable of surpassing 4,500 transactions per second (TPS) with a time to finality of […]

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Category: Funding