Lemniscap secures $70M to back early-stage Web3 startups
The new fund will back startups working on blockchain-based solutions, including zero-knowledge infrastructure and emerging Bitcoin ecosystems.
Related Posts
Terra (LUNA) hits record $20B TVL, surpassing Binance Smart Chain
Terra becomes the second-biggest DeFi chain in terms of total value locked after Ethereum. 814 Total views 26 Total shares Terra (LUNA), an open-source stablecoin network, hit an all-time high of $20.05 billion in total value locked, or TVL, across its 13 product offerings, according to industry data. On Dec. 1, Terra's TVL was at…
Offline Transactions: The Final Frontier for Global Crypto Adoption
Earlier in September, Cointelegraph reported that Israeli cybersecurity startup GK8 had raised $4 million to finance its offline cryptocurrency transaction solution. The company developed a cold wallet with “hot wallet functionalities” that is completely shielded from online hackers because it does not require an internet connection. Apart from creating additional security layers, offline transactions could, in theory, enable…
Line messenger’s NFT arm raises $140M for Web3 services
Line Next will use a part of the $140 million fund to introduce new Web3-focused services, which include a social app that uses AI-generated characters and Web3 games. Line Next, a venture dedicated to the growth of the nonfungible token (NFT) ecosystem, has raised $140 million as it prepares to launch a global NFT marketplace in
Bithumb Exchange to Reportedly File for IPO in South Korea
The South Korean exchange is reportedly looking into a stock market launch despite local regulatory uncertainty. 1018 Total views 22 Total shares Major South Korean cryptocurrency exchange Bithumb is planning to hold an initial public offering (IPO), according to reports from local media. As reported by MoneyToday on June 24, Bithumb Korea, the trading platform’s operator,…
CBDC supporter likely in White House next term, crypto divide not red v. blue: Grayscale
The crypto asset manager took a look at the leading U.S. presidential candidates’ positions and did not see a partisan divide. 343 Total views 2 Total shares The next president of the United States is likely to be in favor of central bank digital currency (CBDC), crypto asset manager Grayscale observed in a post on…
SEC Crypto Czar: Platforms Listing IEOs May Face Regulatory Trouble
The United States Securities and Exchange Commission’s (SEC) Advisor for Digital Assets and Innovation Valerie Szczepanik said that platforms seeking to list initial exchange offering (IEO) tokens for a fee could find themselves in regulatory trouble. Szczepanik delivered her comments at the Consensus 2019 conference on May 13.Speaking on IEO, Szczepanik — also known as…
Musk’s deal for Twitter looks set to go with original $44B price tag
In an unexpected u-turn, Tesla CEO and billionaire Elon Musk looks set to complete his $44 billion acquisition of Twitter, alleged spam bots, fake accounts and all. According to the notice filed by Musk’s lawyers with the Delaware Chancery Court on Monday, which was overseeing the trial, Musk is ready to “proceed to closing of the…
Ethereum risks ‘bull trap’ after 25% ETH price rebound
Ethereum's token Ether (ETH) could be entering a "bull trap" zone after rebounding back above the $1,000 mark from 18-month lows of $885. Ether price paints a "rising wedge"The first among these indicators is a "rising wedge," a classic bearish reversal setup that forms after the price trends upward inside a range defined by two ascending…