Blockchain 

Crypto Derivatives Exchange Blade Raises $4.3M From Coinbase and Others

A soon-to-launch cryptocurrency derivatives exchange has raised $4.3 million from major investors such as the cryptocurrency platform Coinbase and the investment firm SV Angel. The exchange Blade is scheduled to launch in three weeks’ time. Blade’s funding and plans come by way of a Tech Crunch report on Aug. 12. The report notes that in particular, Blade is aiming to provide trading for cryptocurrency-based perpetual swap contracts with three new improvements. First, the perpetuals contracts will be drawn up using standard, simple contracts. Second, the perpetuals will use Tether’s stablecoin…

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Cryptocurrency 

BlockFi Raises Over $18 Million USD in Funding Round

US cryptocurrency lending startup BlockFi has raised $18.3 million USD in a funding round led by Valar Ventures, the company announced on Tuesday. BlockFi is the first company of its kind to receive institutional funding for crypto-based loans in US dollars, in the form of a $50 million lending facility from Galaxy Digital. The new capital will reportedly be used to expand the array of products on BlockFi’s existing platform that includes interest-earning accounts for Bitcoin (BTC) and crypto-backed USD loans. BlockFi also plans on using the investment to double…

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Bitcoin 

BlockFi Raises Over $18M in a Round Led by PayPal Co-Founders’ VC Firm

American cryptocurrency lender BlockFi has secured $18.3 million in a funding round led by Valar Ventures. The Series A funding round saw participation from a number of crypto-focused investors, including Winklevoss Capital and Galaxy Digital, according to a press release shared with Cointelegraph on Aug. 6. Other investors included ConsenSys Ventures, Akuna Capital, Avon Ventures, Susquehanna, CMT Digital, Morgan Creek and PJC. Valar, founded by PayPal co-founder Peter Thiel, makes its first crypto investment Per the report, Valar, which led the BlockFi’s new funding round, has made its first investment…

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Bitcoin 

Robinhood Raises $323 Million in Funding Round Led by DST Global

Cryptocurrency-inclusive trading platform Robinhood has raised $323 million in a recent funding round. Robinhood shared the figure in an official announcement on July 22. As per the report, the investment firm DST Global led the Series E financing round that also included Ribbit Capital, NEA, Sequoia and Thrive Capital as other contributing members.  Additionally, the announcement specifies that this funding round puts Robinhood at a $7.6 billion post-money valuation. Today’s announcement follows previous reports that Robinhood was planning to raise upwards of $200 million to set the firm’s post-funding valuation between…

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Ethereum 

Market Maker Altonomy Raises $7M in Funding Round Led by Polychain Capital

Cryptocurrency asset management firm Altonomy has raised $7 million in a seed round from digital assets investment company Polychain Capital, according to a press release on July 15. Singapore-based market maker Altonomy is planning to allocate the raised funds to source liquidity for institutional customers like spot and derivatives exchanges. Altonomy provides liquidity for Bitcoin (BTC) futures projects from CME Group and works with stablecoins USDC, Tether (USDT), TrueUSD (TUSD) and Paxos Standards (PAX). The company will ostensibly connect over 60 cryptocurrency exchanges and over-the-counter desks around the world following…

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Ethereum 

Bitcoin Price Slips 10% in 24 hrs as Fed Raises Facebook Libra Concerns

Bitcoin price (BTC) shed more than 10% on July 11 as markets appeared to react to criticism of Facebook’s Libra from a senior U.S. lawmaker. Market visualization courtesy of Coin360 Data from Coin360 sees the majority of cryptocurrencies firmly in the red Thursday, hours after Federal Reserve Chairman Jerome Powell said Facebook’s offering should not continue development. Libra, which aims to act firstly as a cross-border payment method, allegedly buoyed Bitcoin throughout recent weeks, with commentators arguing its public profile was driving publicity and uptake of Bitcoin itself.  Powell’s demands,…

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Ethereum 

Blockchain Firm Near Raises $12M From Coinbase Ventures, Xpring and Others

American blockchain firm Near has raised over $12 million in its Series A round from a range of high-profile investors, including Coinbase Ventures and Pantera, the Block reported on July 10. Near — a startup that develops a public, proof-of-stake (PoS) blockchain focused on usability and scalability — has secured $12.1 million from industry players such as Coinbase Ventures, the investment arm of crypto exchange Coinbase, investment firm Pantera Capital, crypto hedge fund Multicoin, and Ripple’s developer ecosystem project Xpring, among others. Unlike an initial coin offering-like approach, Near decided…

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Blockchain 

Kraken Raises Over $13 Million In Its Latest Fundraising Round

San Francisco-based cryptocurrency exchange Kraken has raised over $13 million in financing on online investment platform BnkToTheFuture. Kraken has raised $13.5 million from 2264 investors, surpassing its initial target of $10.2 million purportedly due to popular demand. The fundraising campaign of Kraken — which has over four million clients in nearly 200 countries — is the most successful funding round by individual contributors on BnkToTheFuture. As previously reported, Kraken raised over $6 million in the first day of the campaign from almost 300 investors. On BnkToTheFuture, Kraken describes itself as…

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Blockchain 

Blockchain Firm Algorand Raises $60 Million in New Token Sale

Blockchain company Algorand has raised over $60 million in a token sale on financial services platform CoinList, technology-focused news outlet The Block reported on June 19. The Algorand Foundation — a firm that implements an open source public ledger and cryptocurrency payment system utilizing the Byzantine Agreement message-passing protocol — has reportedly raised $60 million in a sale of its native Argos token. The recent equity funding was on top of the $66 million the company raised over the past year from investors such as venture capital firms Union Square…

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Ethereum 

Ethereum-Based Decentralized Video Streaming Startup Livepeer Raises $8M

Ethereum (ETH)-based decentralized video streaming startup Livepeer announced that it raised $8 million from institutional investors in its Series A funding round in a Medium post published on June 17. Per the announcement, the startup will use the newly acquired resources to support the further development of the Livepeer protocol, network, software and ecosystem to further adoption. The round was reportedly led by venture capital firm Northzone, which was also one of the first investors in Spotify. Other participants in the round purportedly include Digital Currency Group, Libertus, Collaborative Fund,…

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