Blockchain – SiliconANGLE

Stablecoin issuer Circle buys Hashnote crypto money-market fund manager

Kyt Dotson — Tue, 21 Jan 2025 19:40:42 +0000

Circle Internet Group Inc., the issuer of the $48 billion USD Coin stablecoin, today announced the acquisition of Hashnote Management LLC, a company that provides a tokenized money market fund with nearly $1.3 billion in assets. Circle said as part of the deal it will integrate USDC with Hashnote’s US Yield Coin, which allows investors […]

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Phantom cryptocurrency wallet raises $150M at $3B valuation

Kyt Dotson — Fri, 17 Jan 2025 17:50:26 +0000

Cryptocurrency wallet provider Phantom Technologies Inc. has raised $150 million in a new funding at a $3 billion valuation. The Series C round was led by Sequoia Capital and Paradigm. Andreessen Horowitz’s a16z crypto venture capital arm and Variant also participated in the round, which was announced Wednesday. Crypto wallets are essential to the cryptocurrency industry because […]

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Merit Systems raises $10M to create a new economic model called ‘open-source capitalism’

Mike Wheatley — Fri, 17 Jan 2025 01:42:53 +0000

A pioneering startup called Merit Systems Inc. is getting a lot of attention today after raising $10 million to create a new economic model for software developers that it calls “open-source capitalism.” Today’s round was led by heavyweight investors like a16z Crypto and Blockchain Capital and also saw the participation of a number of unnamed […]

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Social trading and investment marketplace eToro reportedly files paperwork for $5B IPO

Duncan Riley — Fri, 17 Jan 2025 00:07:13 +0000

Social trading and investment marketplace company eToro Group Ltd. has reportedly filed a confidential application with U.S. regulators ahead of a potential initial public offering later this year. First reported today by the Financial Times, the IPO could value the business at more than $5 billion. The confidential nature of the filing — typical in the […]

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Moonpay acquires Helio to enhance cryptocurrency commerce and trading infrastructure

Duncan Riley — Mon, 13 Jan 2025 23:10:33 +0000

Cryptocurrency infrastructure service provider MoonPay USA LLC announced today that it has acquired cryptocurrency payment platform startup Helio Fintech Ltd. to expand decentralized finance, creator commerce and trading infrastructure. Though the acquisition price was not formally disclosed, Fox Business reported that the deal was closed for a healthy $175 million. Founded in 2022, Helio offers a […]

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Crypto analysis firm Chainalysis acquires AI-powered fraud detection startup Alterya for $150M

Kyt Dotson — Mon, 13 Jan 2025 19:40:10 +0000

Blockchain analysis giant Chainalysis Inc. said today that it has acquired the Israeli startup Alterya Inc., which develops an artificial intelligence detection solution to beat financial scammers and fraudsters. Although the two companies did not disclose the details of the acquisition, sources familiar with the deal told Business Insider the total was about $150 million. Chainalysis […]

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Story, Stability AI collaborate to help creators make money from their work in the AI ecosystem

Kyt Dotson — Wed, 08 Jan 2025 19:00:16 +0000

Story, a blockchain network that tracks intellectual property ownership, today announced a collaboration with artificial intelligence model developer Stability AI Ltd. that will allow contributors – creators, developers and artists – to address the challenge of attributing, tracking and making money from creative work generated through AI. Originally named Story Protocol, Story has raised over […]

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Movement Labs layer 2 Ethereum blockchain reportedly seeks $100M raise at $3B valuation

Kyt Dotson — Wed, 08 Jan 2025 17:25:04 +0000

Movement Labs, the developer of a layer 2 blockchain for Ethereum based on Facebook’s Move language virtual machine, is reportedly raising $100 million in a Series B round that will value the company at about $3 billion. Citing multiple sources, Fortune and Reuters reported today that the round would be co-led by CoinFund and Nova […]

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Gemini crypto exchange agrees to pay $5M settlement to CFTC

Kyt Dotson — Tue, 07 Jan 2025 19:00:50 +0000

The Gemini Trust Co. LLC, the New York-based cryptocurrency exchange founded by the Winklevoss twins in 2014, has agreed to pay a $5 million civil penalty to settle a lawsuit filed by the U.S. Commodity Futures Trading Commission over allegedly misleading statements it made about how easily the price of bitcoin futures could be manipulated. […]

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Morgan Stanley’s E*TRADE reportedly considering cryptocurrency trading amid regulatory shift

Duncan Riley — Thu, 02 Jan 2025 23:19:20 +0000

Multinational investment bank and financial services company Morgan Stanley is reportedly considering plans to launch cryptocurrency trading services through its E*TRADE arm amid an expected more favorable regulatory environment under the incoming second Trump administration. The news was first reported by The Information, which claims that the plans are still in the exploratory phase. Morgan […]

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ChainOpera AI raises $17M to build blockchain network for AI agents and apps

Kyt Dotson — Thu, 26 Dec 2024 19:05:12 +0000

ChainOpera Inc., a blockchain company building a decentralized network and artificial intelligence operating system to accelerate AI development, said Wednesday it has raised $17 million in seed funding led by Finality Capital, Road Capital and IDG Capital. Notable investors also participating in the round including Camford VC, ABCDE Capital, Amber Group, Modular Capital, Sparkle Ventures, […]

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Russia’s finance minister reveals bitcoin is being used to conduct foreign trade

Mike Wheatley — Wed, 25 Dec 2024 23:35:28 +0000

Russia’s finance minister has revealed domestic companies are already using bitcoin and other digital currencies as a mechanism for international payments. The admission comes after the country issued legislative changes allowing the use of crypto to get around sanctions, Reuters reported today. The sanctions, imposed on Russia as a result of its invasion of Ukraine, […]

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Crypto advocates push Trump to take action on day one

Mike Wheatley — Tue, 24 Dec 2024 01:44:01 +0000

Prominent figures in the cryptocurrency industry are putting pressure on U.S. President-elect Donald Trump to take immediate steps to fulfill his campaign promises once he returns to the White House in January. Trump is reportedly planning to deliver a flurry of executive orders on his first day in office, Reuters said. He’ll take over from […]

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Avalon Labs raises $10M to grow its bitcoin-based stablecoin

Kyt Dotson — Mon, 23 Dec 2024 17:50:00 +0000

Avalon Labs, the developer of a stablecoin built atop the bitcoin blockchain, announced today it has raised $10 million in a new early-stage funding round to grow its decentralized finance capabilities and cryptocurrency. The Series A round was led by Framework Ventures with participation from UTXO Management, Presto Labs and Kenetic Capital among others. The bitcoin […]

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Decentralized Storage Alliance welcomes six new members to advance data solutions

Duncan Riley — Thu, 19 Dec 2024 14:00:31 +0000

The Decentralized Storage Alliance today welcomed six new members as the organization continues its mission to transform enterprise data storage with decentralized solutions. Founded in 2022, the DSA is a professional organization dedicated to advancing decentralized storage solutions for enterprises. The alliance fosters innovation in secure, scalable and cost-effective data storage with the goal of […]

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Morpheus launches blockchain-based decentralized AI compute project

Kyt Dotson — Tue, 19 Nov 2024 18:35:14 +0000

Morpheus, a blockchain project developing a decentralized artificial intelligence compute network, announced Monday on X that it has launched its platform for empowering AI smart agents. The project’s network is designed as an open-source peer-to-peer platform for general-purpose “personal” generative AI run using blockchain technology. The company said that it intends to use the decentralized nature […]

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Polymarket CEO targeted in FBI raid over alleged violations of US trading restrictions

Duncan Riley — Wed, 13 Nov 2024 23:58:29 +0000

The U.S. Federal Bureau of Investigation conducted an early-morning raid on the residence of Polymarket Labs Inc. Chief Executive Office Shayne Coplan today, seizing his phone and electronic devices as part of an investigation into claims that the betting platform accepted trades from users based in the U.S. Founded in 2020, Polymarket operates as a decentralized […]

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0G Labs raises $40M to advance development of decentralized AI Operating System

Duncan Riley — Wed, 13 Nov 2024 23:25:59 +0000

Web 3 and blockchain company Zero Gravity Labs Inc., also known as 0G Labs, revealed today that it has raised $40 million in additional seed funding to accelerate the development of its decentralized AI Operating System and also received a $250 million liquid line token purchase commitment. Founded in 2023, 0G Labs is developing a […]

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Ethereum’s ENS Lab name service set to launch overhauled ‘Namechain’ blockchain identity network

Kyt Dotson — Mon, 11 Nov 2024 19:30:04 +0000

Ethereum Name Service parent company ENS Labs Ltd. today announced plans to launch its own layer 2 scaling network for its blockchain-based name service. The new network is called Namechain, and ENS Labs said it intends to launch the it around the end of the year. According to the company, the blockchain network will use […]

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Block shares slip after-hours amid mixed earnings results

Duncan Riley — Thu, 07 Nov 2024 23:50:42 +0000

Shares in Block Inc. declined slightly in after-hours trading today after the financial services company fell short on revenue in its fiscal third-quarter but reported slightly better-than-expected earnings. For the quarter ended Sept. 30, Block reported adjusted earnings per share of 88 cents, up from 50 cents per share in the same quarter of last […]

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Blockchain firm Axal nabs $2.5M to build verifiable autonomous agent network

Kyt Dotson — Thu, 31 Oct 2024 19:05:57 +0000

Axal, a blockchain company developing a network of autonomous agents, announced today it has raised $2.5 million in pre-seed funding led by CMT Digital. The funding round also saw participation from a16z Crypto Startup School, Escape Velocity, IDG Vietnam, Artichoke Capital, Trident Digital, Blockchain Builders Fund, Blockhunters Group, Echo and the Mentat Group. Axal is […]

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Coinbase and Robinhood miss earnings estimates and shares drop

Duncan Riley — Wed, 30 Oct 2024 23:22:08 +0000

Shares in Coinbase Global Inc. and Robinhood Markets Inc. both fell in after-hours trading today after they each fell short of expectations in their most recent quarter. For its third quarter, which ended on Sept. 30, Coinbase reported adjusted earnings per share of 28 cents, up from a loss of one cent per share in […]

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Data privacy-focused Nillion network raises $25M to expand decentralized solutions

Kyt Dotson — Wed, 30 Oct 2024 16:10:01 +0000

Nillion today announced it has raised $25 million in a new funding round for its trust-sensitive computation network, which focuses on decentralized networking with an optional blockchain component. The round was led by Hack VC, with additional support from Distributed Global and Hashkey. Angel investors and strategic contributors from projects including Arbitrum, Worldcoin and Sei […]

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Stripe acquires stablecoin infrastructure startup Bridge

Maria Deutscher — Mon, 21 Oct 2024 23:26:50 +0000

Stripe Inc. today announced plans to buy Bridge Ventures Inc., a startup with a platform for processing stablecoin transactions. The companies didn’t disclose the deal’s financial terms. However, a source told Forbes that Stripe is paying $1.1 billion for Bridge. That’s more than five times the valuation startup reportedly received following a funding round earlier […]

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Sam Altman’s Worldcoin rebrands as World and launches updated iris-scanning Orb

Duncan Riley — Fri, 18 Oct 2024 00:45:40 +0000

Worldcoin, the identity-proving cryptocurrency project co-founded by OpenAI Chief Executive Officer Sam Altman, today announced a rebrand and a new version of its Iris-scanning Orb. Starting today, Worldcoin is now known as World because, at least according to the company, the name Worldcoin “no longer encapsulates the mission of the project — to accelerate every […]

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Stripe reportedly in talks to acquire fintech startup Bridge for $1B

Duncan Riley — Thu, 17 Oct 2024 23:45:35 +0000

Payment technology company Stripe Inc. is reportedly in talks to acquire fintech startup Bridge Ventures Inc. for $1 billion. According to Forbes, the acquisition talks, which are still under discussion and subject to either party walking away, would be Stripe’s largest deal to date. Some of the sources referenced by Forbes also note that regulatory considerations such […]

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Blockstream raises $210M to boost bitcoin blockchain layer 2 scaling technology

Kyt Dotson — Wed, 16 Oct 2024 16:00:31 +0000

Bitcoin and blockchain infrastructure company Blockstream Corp Inc., said Tuesday it has raised $210 million in new funding led by Fulgur Ventures. The company said the funds will be used to expand the development and adoption of the company’s bitcoin layer 2 technology, which is used to scale up blockchain transactions, mining operations and financial […]

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Uniswap Labs announces Unichain, a layer 2 blockchain for scaling decentralized finance

Kyt Dotson — Thu, 10 Oct 2024 18:30:59 +0000

Uniswap Labs, the developer behind the most popular decentralized cryptocurrency exchange, today announced the launch of its own application-specific layer 2 blockchain network, Unichain. The company said the new blockchain network is geared toward helping build a scaling solution for Ethereum, a popular blockchain for decentralized finance, or DeFi, to help lower transaction times and […]

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Celestia Foundation nabs $100M for modular blockchain network

Kyt Dotson — Tue, 24 Sep 2024 17:25:22 +0000

Celestia Foundation, the team behind the modular blockchain network Celestia, has raised $100 million in new funding. The investment, announced Monday, was led by Bain Capital Crypto, with additional contributions from Syncracy Capital, 1kx, Robot Ventures, and Placeholder. It follows a previous $55 million investment led by Bain Capital Crypto and Polychain Capital in 2022, bringing the […]

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Cudis raises $5M for a blockchain-based AI-powered wearable health ring

Kyt Dotson — Wed, 18 Sep 2024 15:30:18 +0000

Wearable device health startup Cudis known for its smart health ring today announced it has raised $5 million in seed funding to scale up its ring to larger markets and improve its artificial-intelligence health-centric features. Led by Draper Associates, investors also included DraperDragon, Skybridge, Penrose, SNZ, Mozaik, NGC, Foresight Ventures, OGBC and Monke Ventures, among […]

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