Venture Capital

TON Labs raises $6M in support of Free TON blockchain

TON Labs, the development arm behind the Free TON blockchain, raised $6 million through an investment round led by venture capital firm Runa Capital.  The funding will go toward building out a new product environment for the Free TON blockchain, which the company describes as the fastest decentralized protocol due to its unique dynamic sharding …

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Crypto industry got more funding in Q1 2021 than all of last year: report

Cryptocurrency and blockchain-related companies have already received more funding this year than in all of 2020, according to a new report. In the first quarter of 2021, 129 startups focusing on crypto and blockchain technology have received a total of $2.6 billion in funding, Bloomberg reports, citing data from business analytics firm CB Insights. Over …

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eGirls in the C-Suite: The ‘simposium’ storming crypto venture capital

One of the toughest puzzles in crypto is figuring out what to take seriously.  On Friday, the DeFi Alliance — a decentralized finance startup incubator and accelerator — announced a list of 11 new members. Some were predictable, such as oracle provider Chainlink and VC stalwart Blockchain Capital, but one name stood out in particular: …

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Alchemix announces $4.9 million raise led by CMS, Alameda, and e-Girl Capital

A fast riser in the decentralized finance (DeFi) world has announced a $4.9 million raise today led major industry venture capital groups — as well as some unusual, upstart players.  Alchemix, a DeFi lending protocol whose loans automatically repay themselves via deposits into other yield-bearing protocols, announced on Discord today $4.9 million raise led by …

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‘Overwatch’ gets 120Hz options on Xbox Series X and S

Overwatch just received an important visual upgrade if you’re an Xbox Series X or S owner. Blizzard has released a patch that, among the usual fixes and tweaks, optimizes the graphics for Microsoft’s latest consoles. You now have a “Preferred Mode” option that lets you prioritize resolution, frame rate, or a balance between the two …

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Report: TON investor demands $100M compensation from Durov

Da Vinci Capital, a major investor in Telegram’s $1.7 billion initial coin offering, has reportedly requested compensation for the failed launch of the Telegram Open Network, or TON. Investors at Da Vinci Capital reportedly sent a letter before claim to Telegram CEO Pavel Durov, stating that the fund is planning legal action against TON Inc. …

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New Emerging Markets Fund Targets Blockchain, DeFi Startups

Asset management firms Alpha Innovations and Arcanum Capital have launched a $10 million venture capital fund focused on driving blockchain innovation in emerging markets.   The Arcanum Emerging Technologies Fund is to be the first of a series, with an initial close expected in late February, according to a company statement. The fund will provide seed …

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

Decentralized trading platform Synthetix has raised $12 million from venture capital firms Coinbase Ventures, Paradigm and IOSG. The raise looks to be a rare occurrence of VCs investing through the purchase of a platform’s native token directly from its treasury rather than wiring funds to its founders. Synthetix is run by a DAO, or a …

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

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 massively profitable. Many miners started aggressively stacking mining hardware —by sometimes unconventional methods— which led to shortages in other sectors. The COVID-19 fueled surge in gaming consoles, computers and …

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Anon-powered options: DeFi platform Premia goes live

The Anon Powered development team has announced today the launch of Premia, the latest decentralized finance (DeFi) options platform live on Ethereum.  In an interview with Cointelegraph, the group of semi-anonymous developers behind Anon Powered — who collectively requested that they be referred to as “members of the Premia Republic,” the name for Premia’s forthcoming …

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