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The cryptocurrency industry is attracting a growing number of institutional players. This is evidenced by new investments in infrastructure and the growing interest of companies in bitcoin as
The cryptocurrency industry is attracting a growing number of institutional players. This is evidenced by new investments in infrastructure and the growing interest of companies in bitcoin as an asset class. The most important events of the last weeks are in the ForkLog review.
Cryptocurrency exchange KuCoin has raised $150 million in its preliminary Series B funding round. Investors have valued the company at $10 billion.
The tour was led by Jump Crypto. Funding was also provided by various venture capital funds, including Circle Ventures, IDG Capital and Matrix Partners.
The company is using the funds to expand its product line beyond centralized services. The exchange plans to enter the DeFi and NFT markets, particularly through its investment segments.
Part of the funding will also go towards the development of infrastructure and applications on the KuCoin Community Chain blockchain.
Crypto trading infrastructure provider Talos has raised $105 million in a Series B funding round, with the startup valuing $1.25 billion.
The tour was led by General Atlantic. Participants include: Wells Fargo Strategic Capital, Citigroup, BNY Mellon, DRW, SCB 10x, Stripes, Voyager and others. All invested in Talos for the first time.
The startup was also supported by existing investors such as Andreessen Horowitz (a16z), PayPal Ventures, Castle Island Ventures and Fidelity Investments.
The funds raised will be used to expand business in the Europe and Asia-Pacific region. For this purpose, the company will increase the number of its current employees by approximately 80 people.
Talos provides direct access to the cryptocurrency market, price monitoring, reporting, clearing and other services for institutional clients.
Startup SO-COL, co-founded by cryptocurrency influencer Iren Zhao, has raised $100 million in a private funding round. Managed by Blockchain Capital investment fund.
The amount is not certain – negotiations with investors are ongoing. The funds raised will be used to develop the app, market it and hire developers.
Cryptocurrency broker Voyager Digital has raised nearly $60 million in a private settlement. The funding round was led by Sam Bankman-Freed’s Alameda Research.
Members include Barry Silbert’s Digital Currency Group, Mike Novogratz’s Galaxy Digital and Blockdaemon. Finance firm BTIG served as sole agent and bookrunner.
Voyager Digital uses funding for company-wide purposes.
Zora, the platform for the sale of non-tradable tokens, has attracted $50 million in investment. The round was led by Haun Ventures, the venture capital firm founded by former a16z general partner Cathy Haun.
The funds will be used to accelerate the development of an open infrastructure for NFT projects and expand collaboration with teams in the field. Zora also plans to increase the number of grants and hackathons allocated.
Startup Solidus Labs, which specializes in monitoring market manipulations in the crypto industry, has closed its $45 million Series B funding round.
Managed by Liberty City Ventures with the participation of the former chairman of Evolution Equity Partners, Declaration Partners. OSS Brian Brooks and former president CFTC Christopher Giancarlo.
The funds raised will be used to increase the number of financial partners and new research and development. Since the start of 2021, the start-up team has quadrupled.
Israeli company Certora, which specializes in tools for analyzing the security of smart contracts, has raised $36 million in its Series B funding round.
The tour was led by Jump Crypto. Tiger Global, Galaxy Digital, Electric Capital, ACapital, Framework Ventures, Coinfund, Lemniscap, Coinbase and VMware also participated.
Crypto wallet and exchange provider Bitcoin.com has raised $33.6 million in a private sale of its VERSE token.
Digital Strategies, KuCoin Ventures, Blockchain.com, ViaBTC Capital, Redwood City Ventures, 4SV, BoostX Ventures and private investors Roger Ver, Jihan Wu and David Wahsman participated in the token sale.
The company describes VERSE as an ERC-20 cross-chain utility token and governance asset. Their functionality on Bitcoin.com is compared to the coins of the Crypto.com (CRO), Binance (BNB) and FTX (FTT) platforms.
The issuance will amount to 210 billion VERSE in seven years in equal lots.
15% of the tokens will go to the project team, 34% to the developer fund, 35% will likely go to incentive programs in the ecosystem. 16% of VERSE numbers are for sale. A public token sale of 12.6 billion coins (6%) is planned for June 2022.
US-based blockchain analytics startup Amberdata has raised $30 million in a Series B funding round led by Knollwood Investment Advisory.
Tour participants include Susquehanna International Group, Nasdaq Ventures, NAB Ventures, Chicago Trading Company, Nexo, Coinbase and Innovius.
Existing investors of the venture – Citigroup, Franklin Templeton, Aspenwood Ventures, Rovida Kruptos Assets and Boldstart Ventures – increased their investments.
The funds raised will be used to scale the business in the US and abroad. Amberdata also plans to expand the depth and scope of the DeFi sphere, accelerating the development of cryptocurrency indices and analytical products.
Streamy, the operator of South Korean crypto exchange Gopax, announced the closing of its 30 billion won (~$23.7 million) Series B funding round.
Financing was provided by both existing investors Digital Currency Group and Strong Ventures as well as new investors. The latter includes Z Venture Capital and KB Investment, a venture capital firm associated with the Softbank-Line joint venture.
As a result of the round, the company received a valuation of 350 billion won (~$276 million).
The funds raised will be used to strengthen the exchange team and attract customers “through aggressive marketing”.
Also on ForkLog:
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
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