Phantom, a Solana-focused cryptocurrency wallet with over 15 million monthly users, has reached a $ 3 billion valuation after raising $ 150 million in its Series C funding round. The round was co-led by Sequoia Capital and Paradigm, with the participation of A16crypto and Variant. Phantom aims to get mainstream with this fund …
PRESS RELEASE. Montreaux, Switzerland, December 12, 2024—SMARDEX, a decentralized finance platform funded by Swiss Web3 pioneer RA2 TECH, is announcing the launch of USDN after two years of intensive development and $ 12 million of investment. The platform’s public seed round has attracted an additional $ 4.5 million in TVL in the immediate …
The fundraising is to expand Recursive Capital’s investments in bitcoin companies exclusively on the African continent. More Support for Bitcoin Companies in Africa Recursive Capital, a venture capital firm that specializes in funding bitcoin businesses in Africa announced the Fund I’s first close on Saturday, Nov. 30. Block Chairman Jack Dorsey, chairman of Fortress Investment […]
Hermetica, the creator of USDH, a Bitcoin-backed, yield-bearing synthetic dollar, has secured $ 1.7 million in seed funding. The round, led by UTXO Management, will accelerate the development of USDH, a stablecoin that operates on Bitcoin’s layer one (L1) and layer two (L2) networks. USDH Gains Momentum as Hermetica Raises $ 1.7 Million …
Blockstream, a bitcoin infrastructure firm, announced on Tuesday the successful closure of a $ 210 million convertible note financing round, led by the investment firm Fulgur Ventures. According to the firm, the funds will be directed toward accelerating the adoption and development of Blockstream’s layer two (L2) technologies, such as the Lightning network and …