Infrastructure Provider Blockdaemon Raises $155 Million With Participation of Goldman Sachs

blockdaemonBlockdaemon, a blockchain infrastructure provider, has raised $155 million in its Series B funding round, which will aid its expansion plans to make acquisitions in the crypto infrastructure market. The funding round had the participation of Goldman Sachs, Softbank Vision Fund 2, Matrix Capital Management, Sapphire Ventures, and Morgan Creek Digital, among others. Blockdaemon Raises […]

Offchain Labs Launches Arbitrum One Mainnet — Startup Raises $120 Million

Offchain Labs Launches Arbitrum One Mainnet — Startup Raises $120 MillionOn August 31, 2021, Offchain Labs announced the official launch of Arbitrum One mainnet and further detailed that the company has raised $120 million in funding. The Series B financing led by Lightspeed Venture Partners gives the firm a $1.2 billion valuation. Arbitrum One Mainnet Is Now Live, Offchain Labs Raises $120 Million in Funding […]

FTX Closes $900 Million Series B — Capital Raise Pushes Exchange Valuation to $18 Billion

FTX Trading Ltd. announced the firm has closed the largest capital raise in crypto exchange history in a Series B funding round for $900 million. The financing gives FTX a valuation of around $18 billion and the crypto firm aims to expand its global presence. FTX Closes Largest Capital Raise in Crypto Exchange History FTX […]

Asian Algorithmic Trading Company Amber Group Reaches Unicorn Status

Amber GroupAmber Group, a Hong Kong-based cryptocurrency trading company, has attained “unicorn” status. The company managed to raise $100 million in its Series B funding round. With the new influx, the company is now valued at one billion dollars, making it a unicorn. Amber Group’s strategy is said to make them market neutral, allowing customers to […]

In the Daily: Quadrigacx Losses, Bithumb UAE, Coinbase Cloud Backup, Chainalysis Funding

In the Daily: Quadrigacx Report, Bithumb UAE, Coinbase Cloud Backup, Chainalysis FundingIn this edition of The Daily we cover a number of developments related to different cryptocurrency exchanges. A report shows that Quadriga has “lost” another half a million dollars, Bithumb is expanding its reach to the UAE, and Coinbase has launched a controversial new cloud backup service. Additionally, Chainalysis has raised further funding to help […]

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Chatter Report: Voorhees Questions ‘Smart Money’, Sechet Explains ‘Miners Don’t Vote’ Declaration

Voorhees Questions Crypto VC ‘Smart Money’, Sechet Explains Pacia’s 'Miners Don’t Vote’ DeclarationIn today’s Chatter Report, Erik Voorhees criticizes cryptocurrency-focused venture capital firms for reneging on their signed term sheet deals. Also, Steve Patterson calls out Amaury Sechet over Chris Pacia’s comment that miners don’t vote. Lastly, imaginary_username contemplates on the different roles of miners and users in Bitcoin.  Also read: BCH Devs Discuss Securing Instant Transactions […]

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