Search Results for: Ledger Capital Raise

IMF Report on El Salvador’s Bitcoin Adoption: Risks Averted, but Transparency Needed

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According to a recent mission statement published by the International Monetary Fund (IMF), El Salvador has adopted bitcoin as legal tender and has avoided risks so far. The IMF states that the risks have not materialized due to the limited use…

Hashkey Capital Raises $500 Million for Its Third Fund, Despite Crypto Market Downturn

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On Tuesday, global asset manager Hashkey, which focuses on crypto and blockchain investments, announced that it has closed its third fund at $500 million. The company’s “HashKey Fintech Investment III” is dedicated to developing crypto solutions, blockchain technology, and Web3 concepts….

Report: Crypto Hardware Wallet Maker Ledger Seeks $100 Million Capital Raise

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The French cryptocurrency hardware wallet manufacturer Ledger is seeking to raise fresh new capital after raising $380 million in June 2021, according to sources familiar with the matter. The hardware wallet company Ledger is reportedly looking to raise at least $100…

Ukrainian Soccer Club Shakhtar to Raise Humanitarian Funds Through NFT Sale

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Shakhtar Donetsk, a leading soccer team in Ukraine, will sell a collection of non-fungible tokens (NFTs). The club intends to auction several signed jerseys to raise funds for Ukrainian citizens affected by the ongoing war with Russia. FC Shakhtar Donetsk to…

Andreessen Horowitz Launches A16z Crypto Research Lab

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A16z, also known as Andreessen Horowitz, the venture capital (VC) company that has invested millions in crypto-related projects, has announced the launch of its own crypto research lab. This new initiative seeks to marry academic research with producing ideas and putting…

Polygon Reveals Supernets Project to Bolster Web3 Adoption, Pledges $100 Million to Early Users

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On April 22, the layer two (L2) scaling network Polygon introduced the new Supernets network, a blockchain protocol that’s built to bolster Web3 technology. Furthermore, Polygon is pledging $100 million to early Supernet users “who can help fast-track adoption.” The announcement…

‘100x Lower Than L1 Fees’ — Alchemy Integrates Ethereum L2 Product Starknet to Increase Web3 Scalability

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According to the startup Starkware, the team’s Ethereum layer two (L2) service Starknet has been integrated by the blockchain API and node service Alchemy. Developers can now leverage Alchemy’s infrastructure tools alongside Starknet’s zero-knowledge (ZK) rollup technology. Israel-Based Startup Starkware Partners…

Web3 Data Platform Dune Analytics Propels to Unicorn Status After $69.4 Million Fundraise

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The Web3 analytics platform Dune Analytics has announced it has closed a $69.4 million Series B fundraise led by Coatue. The firm’s latest fundraise follows the company’s Series A last August when Dune Analytics raised $8 million. With the Series A…

Jack Dorsey and Elon Musk Raise Concerns Over Web3 as Skepticism About Ownership Grows

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Former Twitter CEO Jack Dorsey has ignited a debate about web3 after Tesla CEO Elon Musk criticized it. Dorsey warned of the risks from centralization, emphasizing that web3 is owned by venture capitalists (VCs), hiding under the premise of decentralization. “I’m…