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Crypto exchange Luno to cut 35% of its workforce citing crypto market ‘turbulence’
London-based cryptocurrency exchange Luno announced Wednesday that it will lay off 35% of its workforce, citing the turbulent markets that have been pummeling the entire crypto industry. “2022 has been an incredibly tough year for the broader tech industry and in particular the crypto market,” said Chief Executive Marcus Swanepoel. “Luno unfortunately hasn’t been immune ...
Web3 startup Spatial Labs raises $10M to connect clothing to the metaverse
Spatial Labs, a Web3 startup aiming to change the consumer experience by connecting fashion to the blockchain, today said it has raised $10 million in seed funding led by Blockchain Capital with additional participation from Jay Z’s Marcy Venture Partners. The company was founded in 2020 by Iddris Sandu (pictured), a business entrepreneur interested in ...
Google’s Flutter is getting improved graphics features, web integration and RISC-V support
Flutter, Google LLC’s multiplatform open-source app development framework, showcased some upcoming developments for the project during the Flutter Forward developer event today in Nairobi, Kenya, that demonstrated how the framework aims to help developers build apps in the future. Flutter acts as a user interface toolkit for developers to rapidly build apps for mobile, web ...
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 ...