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Ramp raises $70M to build crypto payment infrastructure for business
Ramp Network, a crypto-focused fintech startup that builds payment infrastructure, said Wednesday that it has raised $70 million in new funds to add more payment methods to its product line and hire more talent. The company’s Series B round was co-led by Mubadala Capital and Korelya Capital, with participation from Balderton Capital and Cogito Capital. ...
Directus nabs $7M to build an open data platform for the enterprise
Directus, the developer of an open-source data management platform for the enterprise, today announced that it has raised $7 million in new funding to focus on growing its no-code app that can be installed atop any SQL database. True Ventures led the Series A round with participation from seed investor Handshake Ventures. This funding raises ...
Island raises additional $60M funding for its secure enterprise browser
Dallas-based startup Island, the developer of the security-focused “Enterprise Browser,” today announced an additional $60 million investment led by Georgian to continue its ongoing mission to provide for the security needs of enterprise users. Georgian’s investment extends the company’s previously announced Series B funding round in March that raised $115 million led by Insight Partners, ...
Update: Binance nixes deal to acquire FTX after crypto liquidity crisis
Updated: Binance Holdings Ltd., the world’s largest cryptocurrency exchange, Wednesday reversed itself and said it’s nixing a tentative agreement to acquire competitor Sam Bankman-Fried’s FTX for an undisclosed amount. “Our hope was to be able to support FTX’s customers to provide liquidity, but the issues are beyond our control or ability to help,” Binance said ...
Report: Crypto exchange FTX withdrawals falter amid Binance-led token selloff
Cryptocurrency exchange FTX Trading Ltd. reportedly stopped processing withdrawals of certain currencies earlier this morning, according to a report from The Block amid a massive sale of the exchange’s native FTT tokens by competitor exchange Binance Holdings Ltd. The Block research analyst Stephen Zheng cited Etherscan data showing that customer withdrawals on the Ethereum blockchain ...
Estonian crypto exchange Coinmetro raises $7M to expand operations
Estonian cryptocurrency exchange Coinmetro said today that it raised 7 million euros, or about $7 million, in a strategic funding round that valued the startup at $180 million. Founded in 2018, Coinmetro operates a full-service crypto exchange with an intuitive user interface with a license to operate in the European Union and also the United ...
FTX’s Bankman-Fried addresses insolvency rumors amid Binance’s token selloff
Cryptocurrency billionaire Sam Bankman-Fried’s crypto exchange FTX Trading Ltd. recently became the target of rumors of insolvency after competitor Binance Holdings Ltd. announced plans to liquidate its entire holdings of FTX’s native FTT tokens. After the announcement, users also flocked to the exchange to begin withdrawing from their accounts, according to a report today from Bloomberg. ...
Digital assets startup Bakkt to acquire Apex Crypto for $200M
Digital asset platform Bakkt LLC, a startup founded by New York Stock Exchange owner Intercontinental Exchange Inc., said Thursday that it plans to acquire crypto trading firm Apex Crypto LLC from Apex Fintech Solutions. The company will initially pay $55 million in cash at the closing of the deal and up to $145 million in ...
Dapper Labs lays off 22% of staff as NFT market falls
Roham Gharegozlou, founder and chief executive of Dapper Labs Inc., the developer of CryptoKitties and the nonfungible token market NBA Top Shot, announced late Wednesday that the company is laying off 22% of its staff in the wake of the falling NFT market. “These reductions are the last thing we want to do, but they ...
Hivemapper launches dashcam-enabled blockchain mapping network
Decentralized mapping startup Hivemapper Inc. today launched its global network that sources and creates map coverage through specialized dashcams and saves the data to a Solana-based blockchain network. Drivers can now begin using the dashcams, supplied by Hivemapper, to receive rewards in the company’s cryptocurrency, HONEY, for contributing to street-level imagery and adding to the decentralized ...