Category: Venture Capital

PayPal crypto partner Paxos raises $300M

PayPal crypto partner Paxos raises $300M

The new funding round included PayPal Ventures, Declaration Partners, Mithril Capital and Senator Investment Group. 8786 Total views 21 Total shares Paxos, a major cryptocurrency company and PayPal’s crypto collaborator, has completed a massive fundraising round shortly after receiving preliminary approval to form a national trust bank. On Thursday, the firm announced a new $300-million Series […]

Continue Reading

Coinbase Ventures, Paradigm Invest $12M in Synthetix DeFi Platform

Coinbase Ventures, Paradigm Invest $12M in Synthetix DeFi Platform

Three prominent venture capital firms bought tokens directly from the DAO’s treasury. Members of the Synthetix team(Synthetix) Feb 14, 2021 at 3:24 p.m. UTCUpdated Feb 14, 2021 at 4:21 p.m. UTC Coinbase Ventures, Paradigm Invest $12M in Synthetix DeFi Platform Decentralized trading platform Synthetix has raised $12 million from venture capital firms Coinbase Ventures, Paradigm […]

Continue Reading

Baidu reportedly aims to address chip shortage plaguing gaming, crypto and cars

Baidu reportedly aims to address chip shortage plaguing gaming, crypto and cars

Baidu is reportedly planning to commercialize its chip technology by setting up a dedicated subsidiary backed by crypto-friendly venture capital firms. 9712 Total views 19 Total shares A global chip shortage is affecting various sectors of industry from gaming to automotive and cryptocurrency mining. Amid Bitcoin’s (BTC) ongoing bull run, the crypto mining industry became […]

Continue Reading