Inc.

Web3 social infrastructure startup CyberConnect raises $10 million in seed funding

Source Node: https://www.theblockcrypto.com/post/124510/web3-social-infrastructure-startup-cyberconnect-raises-10-million-in-seed-funding?utm_source=rss&utm_medium=rss
Time Stamp: November 16, 2021 1:30 PM - Modified On: November 16, 2021 - Published By:
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CyberConnect, a crypto startup developing tools for Web3 social media, gaming, and metaverse applications, has raised $10 million in a seed funding round.Sharing the news exclusively with The Block on Tuesday, CyberConnect said Multicoin Capital and Sky9 Capital co-led the round. Animoca Brands, Draper Dragon, Hashed, Zoo Capital, Smrti Lab, and Mask Network also participated in the round, among other investors. This was an equity + SAFT (simple agreement for future tokens) round, CyberConnect founder Wilson Wei told The Block. It will help the firm double its current team of

[SPONSORED] Kava Network: Powering a Decentralized Future

Source Node: https://www.theblockcrypto.com/post/124214/kava-network-powering-a-decentralized-future?utm_source=rss&utm_medium=rss
Time Stamp: November 16, 2021 9:00 AM - Modified On: November 16, 2021 - Published By:
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In our last article on Kava, we covered its origins and explored the suite of high-yield DeFi protocols that make up the Kava Platform. In the second article of our three-part series, we dive deeper into the Kava network and take a look at the ecosystem of best-in-class DeFi, NFT, and GameFi services that are being built on top of it. The Kava Network Originally built to support the Kava Platform, the Kava network is a highly secure and scalable Layer-1 blockchain. Built using the Cosmos SDK, the Kava network is

Cosmos liquid staking protocol pSTAKE raises $10 million in seed funding

Source Node: https://www.theblockcrypto.com/post/124454/pstake-persistence-cosmos-liquid-staking-protocol-seed-funding?utm_source=rss&utm_medium=rss
Time Stamp: November 16, 2021 9:00 AM - Modified On: November 16, 2021 - Published By:
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pSTAKE, a liquid staking protocol from blockchain startup Persistence, has raised $10 million in a seed funding round.Three Arrows Capital, Galaxy Digital, Sequoia Capital India, and DeFiance Capital co-led the round, with Coinbase Ventures, Tendermint Ventures, Kraken Ventures, Alameda Research, and Sino Global Capital also participating. Several angel investors, including Aave's Ajit Tripathi, Terra founder Do Kwon and Alpha Finance co-founder Tascha Punyaneramitdee, also backed the round. Crypto staking infrastructure providers, including Stake.fish, Figment Fund, Everstake, and Chorus One, also joined the round. This was pSTAKE's first fundraise and was

Bitcoin price drops nearly 10% in 24 hours, dips below $60,000

Source Node: https://www.theblockcrypto.com/post/124439/bitcoin-price-drops-nearly-10-in-24-hours-dips-below-60000?utm_source=rss&utm_medium=rss
Time Stamp: November 16, 2021 6:07 AM - Modified On: November 16, 2021 - Published By:
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Quick Take The price of bitcoin has declined nearly 10% in the last 24 hours. It fell below $59,000 but has since rebounded slightly. advertisement The price of bitcoin has declined nearly 10% in the last 24 hours, dipping significantly below $60,000 before bouncing back. The drop seems to be triggered by the infrastructure bill signed by U.S. President Joe Biden yesterday, Darius Sit, co-founder of crypto trading firm QCP Capital told The Block. The bill includes tax reporting provisions that require crypto exchanges to report information to both the

The NPD Group Announces Winners of Third Annual Automotive Aftermarket Performance Awards

Source Node: https://www.prweb.com/releases/the_npd_group_announces_winners_of_third_annual_automotive_aftermarket_performance_awards/prweb18308246.htm
Time Stamp: November 3, 2021 3:45 AM - Modified On: November 3, 2021 - Published By:
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“The aftermarket continues to enjoy surprisingly strong demand and sales performance, and we are thrilled to acknowledge the leading companies that harnessed the industry’s unique and changing opportunities to grow the business,” said Steve Flavin, president, automotive practice, for NPD. PORT WASHINGTON, N.Y. (PRWEB) November 03, 2021 The NPD Group today announced the recipients of its third annual Automotive Aftermarket Performance Awards, which were shared with the recipients during the Automotive Aftermarket Products Expo (AAPEX) in Las Vegas. The awards were given to the brands with the highest increase in

Gelato Network raises $11 million in Series A funding led by Dragonfly Capital

Source Node: https://www.theblockcrypto.com/post/119135/gelato-network-smart-contract-automation-funding?utm_source=rss&utm_medium=rss
Time Stamp: September 30, 2021 9:00 AM - Modified On: September 30, 2021 - Published By:
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Gelato Network, a protocol that helps automate smart contract execution on Ethereum and other blockchains, has raised $11 million in a Series A funding round.Dragonfly Capital led the round, with ParaFi Capital, Nascent, IDEO CoLab Ventures, and Stani Kulechov, founder and CEO of Aave, also participating. This was a token sale round and the fresh capital will help support more blockchains, Gelato co-founder Hilmar Orth told The Block. Gelato Network currently supports Ethereum, Polygon, and Fantom blockchains and it is looking to add support for Arbitrum, Optimism, Binance Smart Chain,

MassMutual-owned fintech Flourish launches a new service to connect financial advisory clients with bitcoin

Source Node: https://www.theblockcrypto.com/post/119140/massmutual-owned-fintech-flourish-launches-a-new-service-to-connect-financial-advisory-clients-with-bitcoin?utm_source=rss&utm_medium=rss
Time Stamp: September 30, 2021 9:00 AM - Modified On: September 30, 2021 - Published By:
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A fintech company owned by MassMutual is launching a service that lets registered investment advisors (RIAs) and their clients tap into bitcoin investments.Flourish’s new service, dubbed Flourish Crypto, reflects the growing intersection between traditional finance and the digital asset space, and it’s a bet on what the company says is growing demand among financial advisory clients for bitcoin. The offering is being launched in partnership with Paxos, which is supporting the execution and custody side of things. The New York-based startup has inked key relationships with payments and financial services

Visa develops interoperability concept for central bank digital currency payments

Source Node: https://www.theblockcrypto.com/post/119117/visa-universal-payment-channel-interoperability-cbdc?utm_source=rss&utm_medium=rss
Time Stamp: September 30, 2021 7:00 AM - Modified On: September 30, 2021 - Published By:
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Payments giant Visa has taken a step toward achieving its vision for central bank digital currencies (CBDCs). It has developed a concept that shows how various CBDCs can be interoperable with each other to make payments.The concept, called "Universal Payments Channel" (UPC), outlines how various blockchain networks can be interconnected to allow the transfer of CBDCs. It shows how Visa can help exchange various CBDCs built on different blockchains in the future. "This is a much longer-term future thinking concept around a way that Visa could potentially help become a

Coinbase Files For Futures and Derivatives Trading

Source Node: https://beincrypto.com/coinbase-files-futures-derivatives-trading/
Time Stamp: September 16, 2021 2:44 AM - Modified On: September 16, 2021 - Published By:
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North America’s largest crypto exchange Coinbase has taken the first steps in making an application to allow futures and derivatives products on the platform.Sponsored Sponsored On Sept 16, Coinbase stated that it had filed an application with the National Futures Association (NFA) to register as a Futures Commission Merchant (FCM). The exchange added that “this is the next step to broaden our offerings and offer futures and derivatives trading on our platforms,” in order to further expand the crypto economy.Sponsored Sponsored The NFA’s official website now lists Coinbase Global Inc.

Generative artist nets $5.38 million in latest Art Blocks hit

Source Node: https://www.theblockcrypto.com/post/117605/art-blocks-hit-generative-artist-5-38-million?utm_source=rss&utm_medium=rss
Time Stamp: September 14, 2021 7:29 AM - Modified On: September 14, 2021 - Published By:
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A generative artist whose work depicts flowers within a “potentially infinite field of foliage” has made 1,623 ether (around $5.38 million) through a sale on Art Blocks, the non-fungible token (NFT) platform.Monica Rizzolli’s ‘Fragments of an Infinite Field’ collection, comprised of 1,024 pieces, was sold through a Dutch auction on Art Blocks Curated on September 13 – with prices starting at 10 ether. The entire set sold out in under an hour. Transaction data on Etherscan shows Rizzolli netting 1,623 in ether across three transactions in the hours after the

Bitcoin Depot Among Inc. Magazine’s 5000 Fastest Growing Companies

Source Node: https://beincrypto.com/bitcoin-depot-inc-magazines-fastest-growing-companies/
Time Stamp: September 2, 2021 6:30 AM - Modified On: September 2, 2021 - Published By:
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For the second year in a row, Bitcoin Depot appeared in Inc. Magazine’s list of 5000 fastest-growing private companies.Sponsored Sponsored The world’s largest and fastest-growing crypto ATM network, ranked No. 357 on the list, after its spot at No. 1,103 last year. President and CEO of Bitcoin Depot Brandon Mintz highlighted that the recognition coincided with the five-year anniversary of the company.  “Given last year’s unexpected circumstances and the pandemic environment, we were fortunate that we were able to continue building our brand while serving the underbanked community on a