sponsored Spellfire Re-Master the Magic, a modern take on classic collectible card games, has completed its private funding round, raising a staggering $3.8 million. Leading investors DAO Maker and Shima capital, are joined by Genblock, IBC group, Faculty group, IBA, Maven Capital, Autonomy Capital, Terranova ventures, x21 Digital and others who initially funded the project, and interest has since skyrocketed…
It’s another shake-up for the finance industry as Montreal-based Bitcoin (BTC) startup Shakepay raised $35 million from investors. The fresh funding from the United States-based venture capital firm QED Investors values the company at $251 million. Founded in 2015, Shakepay allows Canadians to buy and sell BTC and pay their friends. It also supports the purchase of Ether (ETH). The…
Binance CEO Changpeng Zhao (CZ) claimed that the growing restrictions on crypto advertisement won’t impact the demand. During his interview with CNBC, CZ stressed that physical crypto advertisements and crypto ads, in general, have not had much impact on user growth and it has only become common over the past few years. He said that the majority of crypto adoption…
Despite a 40% drop in the value of Bitcoin (BTC), MicroStrategy’s Michael Saylor has no intention of selling his firm’s $5 billion stash. Even if BTC suffers a lengthy bear market, Saylor told Bloomberg that he is a “Bitcoin bull,” and he does not intend to alter MicroStrategy’s multibillion-dollar BTC acquisition plan. He took a firm stance against cashing out…
Following a proposal from users to stop accepting crypto donations to Wikimedia Foundation, the nonprofit confirmed that it would proceed with crypto donations. Contributors banded together to urge the foundation to disable the option to donate in crypto because of environmental concerns. However, while the organization will continuously monitor the conversations around crypto within its communities, it will not budge on…
On Thursday, Stader Labs, a crypto firm building decentralized finance, or DeFi, products for proof-of-stake blockchain networks, announced that it raised $12.5 million in a private sale. The funding round was led by Three Arrows Capital with additional participation from Blockchain.com, Accomplice, DACM, GoldenTree Asset Management, Accel, Amber, 4RC, Figment, and anger investors. This puts Staber Labs at a valuation…
Opensea, one of the biggest NFT marketplaces globally, recently announced it is acquiring Dharma Labs. The price is believed to be between $110 million and $130 million. As a result of the new agreement between the two companies, Nadav Hollander, a co-founder at Dharma Labs, will become the new chief technology officer (CTO) at Opensea. Opensea’s New Valuation One of…
Interest in crypto continues to grow as Americans show their excitement in the future of digital assets. The first annual Crypto Confidence Survey published by publicly-traded cryptocurrency platform Voyager Digital examined Americans’ experiences with crypto and their perspectives on how crypto will perform in 2022. The report shows many positive sentiments. The survey’s findings revealed that nearly two-thirds of respondents…
Meta, formerly Facebook, has new plans to enter the fast-growing non-fungible token (NFT) market, according to the Financial Times. Citing unnamed sources, the FT reported that the social media company is preparing a feature that will let users mint and sell NFTs; Meta and Instagram users would also be able to display their NFT collections on their social media profiles.…
The wide world of crypto has always been made up of people who know a lot about money. After all, cryptocurrencies themselves are financial products. The paradigm-shifting elevator pitch of Web 3.0 has always been able to pique the interest of investors, and over the last couple of years, we’ve seen an extraordinary amount of money flowing freely into the…
