Blockchain – SiliconANGLE

Switchboard raises $7.5M to help provide blockchain projects links to real-world data

Kyt Dotson — Wed, 29 May 2024 16:55:02 +0000

On-chain “oracle” startup Switchboard Technology Labs Inc., which builds services that provide Web3 projects access to real-world third-party data, today announced it raised $7.5 million in early-stage funding co-led by Tribe Capital and RockawayX. Additional backing for the company’s Series A funding round included investments from the Solana Foundation, Aptos Labs, Mitzen Labs, Subzero Ventures, […]

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BlackRock, Fidelity and six other firms receive SEC approval for Ethereum ETFs

Duncan Riley — Thu, 23 May 2024 22:54:52 +0000

In a surprise decision, the U.S. Securities and Exchange Commission announced today that it has approved eight applications for spot Ethereum exchange-traded funds. The SEC approved 19b-4 forms — submissions made to the SEC seeking approval to list and trade a new ETF — that detailed the proposed rule changes and regulatory compliance. The eight […]

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Farcaster secures $150M to expand decentralized social networking features

Duncan Riley — Tue, 21 May 2024 23:36:37 +0000

Decentralized social network protocol startup Farcaster said today it has raised $150 million in new funding on a $1 billion valuation to further grow its user base and add new in-protocol features such as channels and direct messaging. Founded in 2021, Farcaster offers a decentralized social network protocol that allows developers to build interoperable applications where users […]

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Lagrange raises $13M to build blockchain-based cryptographic ‘big data’-scale computation

Kyt Dotson — Wed, 08 May 2024 18:00:41 +0000

Lagrange Labs, a startup building the blockchain-based cryptography protocol Lagrange, today announced it raised $13.2 million in seed funding to progress its vision of scaling up verifiable computation over blockchain at “big data” scale. The funding round, led by Peter Thiel’s Founders Fund, also attracted investments from Archetype Ventures, 1kx, Maven11, Fenbushi Capital, Volt Capital, CMT Digital and Mantle Ecosystem Fund. The company […]

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Web3 newsletter Paragraph raises $5M and takes over blogging platform Mirror

Kyt Dotson — Fri, 03 May 2024 17:10:07 +0000

Web3 newsletter publishing platform Paragraph raised $5 million in new funding on Thursday in addition to acquiring Mirror, a blockchain-based blogging platform that will help the company elevate its position in taking on traditional publishing with self-ownership of content. The fundraise was led by Coinbase Ventures and Union Square Ventures. Paragraph previously raised $1.7 million […]

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Securitize raises $47M to tokenize real-world assets on the blockchain

Kyt Dotson — Thu, 02 May 2024 16:50:57 +0000

Securitize Inc., a compliance and tokenization firm using blockchain technology to tokenize real-world assets, announced Wednesday that it raised $47 million in funding led by multinational investment manager BlackRock Inc. The company uses digital ledger blockchain technology to create a secure digital representation of securities, such as stocks, bonds and exchange-traded funds. Using its platform these securities and tokens […]

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Binance founder CZ given four months for failing to implement anti-money-laundering measures

Duncan Riley — Tue, 30 Apr 2024 23:01:03 +0000

Changpeng “CZ” Zhao, the founder and former chief executive officer of Binance Holdings Ltd., the world’s largest cryptocurrency exchange, has been sentenced to four months in prison for willfully failing to implement an effective anti-money-laundering program as required by the U.S. Bank Secrecy Act. CZ was sentenced after he pled guilty to the charge following […]

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Movement Labs raises $38M to add Facebook’s Move to Ethereum blockchain

Kyt Dotson — Fri, 26 Apr 2024 16:30:18 +0000

San Francisco-based blockchain development team Movement Labs announced Thursday it has raised $38 million in Series A funding to support the company’s work to bring Facebook’s Move language virtual machine to Ethereum, which will help address security and scaling issues. Led by Polychain Capital, the investment round attracted participation from venture capital firms including Hack VC, Robot Ventures, Figment Capital, Nomad Capital, Bankless […]

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Carv raises $10M to build blockchain data layer for gaming and AI

Kyt Dotson — Thu, 25 Apr 2024 19:05:12 +0000

Los Angeles-based startup Carv, a modular blockchain-based layer for gaming and artificial intelligence, today announced that it has raised $10 million in new funding to build out its network solution to give users control of their data and identity. Carv uses blockchain technology in multiple ways, one of which is through the Carv Protocol, which is a data layer […]

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Aptos Labs collaborates with Microsoft, SK Telecom on institutional blockchain platform

Kyt Dotson — Thu, 18 Apr 2024 18:55:42 +0000

Aptos Labs, a blockchain startup founded by former Meta Platforms Inc. employees behind the defunct Diem blockchain, today announced that it has forged partnerships with major technology and finance firms to build out Aptos Ascend, its digital asset management platform for financial institutions. Aptos Labs is a Layer 1 blockchain, meaning that the technology is built […]

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EY launches blockchain-based business contract management solution on Ethereum

Kyt Dotson — Tue, 16 Apr 2024 23:01:57 +0000

Global professional services company Ernst & Young Global Ltd. today announced the launch of a blockchain-enabled solution that will help businesses execute complex business agreements and reduce costs while maintaining security. Launched during the company’s annual EY Global Blockchain Summit, the EY OpsChain Contract Manager is based on blockchain distributed ledger blockchain technology. It allows multiple parties to […]

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Monad Labs raises $225M for Ethereum competitor layer-1 blockchain

Kyt Dotson — Tue, 09 Apr 2024 17:40:40 +0000

Monad Labs Inc., the maker of the Ethereum-compatible blockchain Monad, today announced that it has raised $225 million in new funding led by Paradigm with the aim to accelerate the development of its scalable network capable of high transaction speeds. Other investors joining the round included Electric Capital, GreenOaks, Castle Island Ventures, Animoca Ventures, Lightspeed Faction, Coinbase […]

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LightLink closes $6.2M extended seed round for Ethereum L2 blockchain with no fees

Kyt Dotson — Thu, 04 Apr 2024 13:00:15 +0000

LightLink Network Ltd., an Ethereum Layer 2 blockchain that offers enterprises the ability to run decentralized apps with no fees, today announced the close of a $6.2 million extended seed round that will help the company grow its distributed ledger offering. The extension brings $1.7 million in new investments with participation from MH Ventures and […]

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Google Search now includes crypto wallet balances for bitcoin, Fantom and other blockchains

Kyt Dotson — Fri, 29 Mar 2024 16:40:11 +0000

Google LLC’s search engine now allows users to search balances of cryptocurrency wallets on bitcoin, Arbitrium, Avalanche, Optimism, Polygon and Fantom blockchains. The search results display a token balance that includes transactions up to the last time the network updated, Google said late Tuesday. Users can search using three different bitcoin address formats including P2PKH, […]

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Sam Bankman-Fried sentenced to 25 years for defrauding FTX users and investors

Maria Deutscher — Thu, 28 Mar 2024 19:26:49 +0000

A Manhattan district judge today sentenced FTX Trading Ltd. founder Sam Bankman-Fried to 25 years in prison for fraud. The ruling comes about five months after a jury found Bankman-Fried guilty of all seven counts that prosecutors had brought against him. The FTX founder was charged with wire fraud, conspiracy to commit fraud and conspiracy […]

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FLock.io raises $6M for decentralized blockchain AI training platform

Kyt Dotson — Thu, 28 Mar 2024 13:00:02 +0000

FLock.io, a startup that offers full-stack decentralized training and fine-tuning of artificial intelligence models, today announced it raised $6 million in seed funding to build a blockchain-based platform enabling the co-creation of AI models. The round was led by Lightspeed Faction and Targus Capital with participation from DCG, OKX Ventures and Volt Capital. The company […]

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0G Labs raises $35M for modular blockchain storage for decentralized AI

Kyt Dotson — Tue, 26 Mar 2024 16:10:01 +0000

0G Labs, or Zero Gravity Labs, a Web3 and blockchain firm said Monday that the company raised $35 million in a pre-seed funding round to build a modular distributed ledger blockchain network aimed at large-scale storage for decentralized artificial intelligence systems. The colossal pre-seed round attracted investments from over 40 Web3 venture firms including Animoca, Hack […]

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Morph raises $20M to build consumer-focused Ethereum scaling blockchain solution

Kyt Dotson — Wed, 20 Mar 2024 17:00:19 +0000

Morph, a blockchain company making a layer 2 Ethereum scaling solution aimed at assisting developers building consumer-focused decentralized apps, today announced it has raised $20 million in a seed funding round led by Dragonfly Capital. The funding round attracted participation from Panthera Capital, Foresight Ventures, The Spartan Group, MEXC Ventures, Symbolic Capital, Public Works, MH Ventures and […]

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Figure Markets raises $60M to build crypto ‘everything marketplace’

Kyt Dotson — Mon, 18 Mar 2024 16:00:17 +0000

Blockchain-based lending firm Figure Technologies Inc. today announced the launch of Figure Markets Inc. with $60 million in new funding to build what the company called an “everything marketplace,” a single platform for investors to trade cryptocurrency, securities and alternative investments using blockchain technology. The Series A round was led by Jump Crypto, Pantera Capital and Lightspeed Faction, with […]

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Resonance launches ‘full-spectrum’ cybersecurity platform for Web3 projects

Kyt Dotson — Thu, 14 Mar 2024 17:00:29 +0000

Resonance Security Inc., a “full-spectrum” Web3 cybersecurity provider, today announced the launch of its full-featured platform for Web3 projects that integrates best practices for both blockchain security and traditional application security into one service. Web3, otherwise known as the decentralized web, is built atop blockchain technology. It allows the development of peer-to-peer apps and token-based […]

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Utila raises $11.5M to expand enterprise-grade institutional crypto operations platform

Kyt Dotson — Wed, 06 Mar 2024 18:30:04 +0000

Enterprise-grade institutional crypto operations platform Utila Inc. announced Tuesday that it has raised $11.5 million in a seed funding round co-led by NFX, Wing VC and Framework Ventures. Founded in 2022, Utila’s platform assists institutions, trading firms and developers build platforms that deal with digital assets such as bitcoin and Ethereum and handle them using secure wallets. […]

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Ethereum restaking protocol EigenLayer raises $100 million led by a16z

Kyt Dotson — Thu, 22 Feb 2024 16:30:21 +0000

Crypto startup Eigen Labs raised $100 million in a funding announced today led by Andreessen Horowitz’s a16z crypto venture capital arm for its EigenLayer crypto restaking protocol. The startup previously raised $50 million in March in a funding round led by Blockchain Capital, bringing to total raised by the company to $150 million. Founded by Sreeram Kannan, […]

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AMD and Wormhole aim to boost multi-blockchain application performance

Duncan Riley — Wed, 21 Feb 2024 14:00:27 +0000

Cross-blockchain messaging protocol startup Wormhole today announced a new collaboration with Advanced Micro Devices Inc. that will see the blockchain company make enterprise-grade AMD FPGA hard accelerators available as part of the Wormhole ecosystem. Wormhole’s technology is used to bridge assets between different blockchains, such as allowing users to move nonfungible tokens between different chains. The […]

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Rising bitcoin prices lead to surge in Coinbase’s quarterly profit

Duncan Riley — Thu, 15 Feb 2024 23:24:35 +0000

Shares in Coinbase Global Inc. surged over 12% in late trading today after the cryptocurrency exchange provider surprised investors by smashing quarterly revenue expectations and reporting a profit, driven by bitcoin price rises seeing investors return to cryptocurrency markets. For its fourth quarter that ended Dec. 31, Coinbase reported adjusted earnings per share of $1.04, […]

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Modular blockchain data protocol startup Lava raises $15M

Kyt Dotson — Thu, 15 Feb 2024 18:20:57 +0000

Lava Protocol Inc., a startup that provides a modular data network for scaling access to blockchains, today announced it has raised $15 million in seed funding led by Jump Capital, Hashkey Capital and Tribe Capital to build out its infrastructure and data marketplace. Also joining Lava’s seed round are Alliance, Node, North Island, Quiet, Finality, Dispersion Capital […]

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Ethereum Name Service partners with GoDaddy to link domain names and blockchain addresses

Kyt Dotson — Mon, 05 Feb 2024 18:30:10 +0000

Ethereum Name Service, a blockchain-based naming system, today announced a partnership with the domain name registrar and web hosting service GoDaddy Inc. to link ENS-enabled names to web domains for users without the need for technical know-how. ENS works to simplify complex blockchain wallet addresses, which can be represented by up to 40 alphanumeric characters, […]

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Crypto payments mobile app Oobit raises $25M led by Tether

Kyt Dotson — Mon, 05 Feb 2024 16:50:19 +0000

Oobit Technologies UAB, a mobile crypto payments app, said today that it has raised $25 million in an early-stage funding round to support its development and expansion into more markets. The Series A round was led by stablecoin issuer Tether Ltd. and joined by other cryptocurrency venture capital contributors such as CMCC Global’s Titan Fund, 468 Capital […]

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Portal raises $34M for secure decentralized bitcoin exchange

Kyt Dotson — Tue, 30 Jan 2024 16:45:13 +0000

Portal, a financial technology startup building a bitcoin-based cross-chain decentralized exchange and wallet, today launched with $34 million from a seed funding round to build out its cryptocurrency products and services. According to the company’s announcement, investors participating in the round included notable crypto venture capital firms such as Coinbase Ventures, Arrington Capital, OKX Ventures and […]

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Crypto company Terraform Labs files for bankruptcy amid SEC litigation

Maria Deutscher — Mon, 22 Jan 2024 21:29:32 +0000

Cryptocurrency company Terraform Labs Pte Ltd., which is facing fraud charges from the U.S. Securities and Exchange Commission, has filed for bankruptcy in Delaware. TechCrunch reported the move today, citing court documents submitted on Sunday. Terraform’s Chapter 11 paperwork specifies that the value of its assets and liabilities ranges from $100 million to $500 million. […]

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Crypto staking platform Kiln raises $17M to expand operations

Kyt Dotson — Thu, 18 Jan 2024 17:40:34 +0000

Crypto startup Kiln, a firm that allows users to receive rewards for securing the Ethereum blockchain, today announced that it has raised $17 million in new funding to expand its operations led by early-stage investment firm 1kx. The funding round was joined also joined by IOSG, Wintermute Ventures, KXVG, LBank and the cryptocurrency trading platform Crypto.com. Following the […]

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