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Blockstream raises $125M to expand bitcoin mining services
Bitcoin and blockchain infrastructure company Blockstream Corp. Inc. said today that it has raised $125 million in new funding to expand its bitcoin mining and hosting services, an industry that has been troubled by depressed markets. The fundraise was financed through a convertible note and a secured loan, according to the announcement Tuesday. Kingsway Capital ...
Crowdbotics raises $40M to turn ‘ideas into code’ with managed app development platform
App development can be tedious and difficult, but that’s sometimes only half the battle. Often simply getting the idea itself into code is the hardest part, which means knowing what open-source components are needed to make a project come to life. That’s where Crowdbotics comes into play. Thea startup today announced it has raised $40 ...
Forward Networks raises $50M for math-based ‘digital twins’ of enterprise networks
Network operations startup Forward Networks Inc. announced today it has raised $50 million in new funding to grow its unique offering that improves enterprise networks by creating “digital twins” of them. Digital twins are a type of simulation, usually describing real-world objects simulated in virtual environments so that they can be observed, manipulated or operated ...
Web3 developer platform QuickNode raises $60M led by 10T Holdings
QuickNode Inc., a blockchain infrastructure and end-to-end development platform for Web3 builders, said today that it has raised $60 million in new funding led by 10T Holdings to scale up the company’s capabilities and hire more developers. The Series B funding round also saw participation from Tiger Global, Seven Seven Six, Protocol Labs and QED. ...
Private blockchain sharding startup Calimero raises $8.5M
Blockchain infrastructure company Calimero Network said today that it has raised $8.5 million in seed funding to build private sharding capabilities for blockchain networks. The seed funding round was co-led by the crypto venture investment firms Khosla Ventures, Lyrik Ventures and the blockchain network Near Foundation. The funding round was closed in November 2022 and also ...
Crypto lender Genesis files for Chapter 11 bankruptcy
Genesis Global Holdco LLC, the parent company of embattled crypto lender Genesis, filed for Chapter 11 bankruptcy protection late Thursday night in the Southern District of New York after it was caught up in the aftermath of crypto exchange FTX Trading Ltd.’s implosion. In its filing, the company listed over 100,000 creditors with liabilities ranging ...
Metahood raises $3M to build a platform for trading metaverse real estate
Even as digital worlds and the metaverse have become more popular in the past few years, it turns out it is not easy to buy, sell and trade digital land in Web3 decentralized apps. With an eye to become a sort of real estate finder and trading platform, Metahood Inc. launched Wednesday into open beta ...
Crypto news site CoinDesk explores potential sale as parent company faces crisis
The cryptocurrency publication CoinDesk is reportedly exploring a potential partial or full sale and hired investment bankers at Lazard Ltd. to make that happen. CoinDesk Chief Executive Kevin Worth confirmed to The Wall Street Journal that there has been a lot of interest in buying the media company. “Over the last few months, we have received numerous ...
Apple delays AR glasses amid technical issues, plans cheaper MR headset
The much-anticipated augmented reality glasses from Apple Inc. appear to be mired in technical issues and are now postponed “indefinitely,” according to a report from Bloomberg, but the company may be focused on building a cheaper mixed reality headset. Apple had originally intended to release the AR glasses, dubbed Apple Glass, this year before delaying ...
Blue emerges from stealth with $3.2M in funding for DeFi protocol identity verification
Blue, a company that offers identity verification services for decentralized-finance traders to assist with “know your customer” and anti-money-laundering compliance, launched from stealth mode today with $3.2 million in funding. The funds were raised in a seed funding round co-led by Blockchange Ventures and Fenbushi Capital, the company said in a blog post. Other investors ...