Tagged: blockchain

Partior Welcomes Deutsche Bank to $80M Series B

This week, Partior, a blockchain-based Fintech for real-time clearing and settlement, announced that Deutsche Bank joined its Series B funding round as a strategic investor, bringing the total investment to $80 million. The funds are earmarked for product development and geographical expansion. This marks the close… Read More

Parallel Blockchain Startup Pharos Raises $8m to Develop Protocol

Pharos, a layer-1 blockchain network focused on hyper-parallelism, has completed an $8 million seed investment round. The funding was co-led by Lightspeed Faction and Hack VC, with SNZ Capital participating as a strategic anchor investor. Additional support came from Reforge, Dispersion Capital, Hash Global, Generative… Read More

Reinsurance Industry Needs Blockchain Boost: Nayms Co-Founder, CTO Ted Georgas

A catastrophic hurricane season has shed light on the reinsurance industry as it faces significant cost increases. Ted Georgas, co-founder and CTO of Nayms, a crypto-native reinsurance marketplace, said blockchain-based systems could dramatically reduce those costs. Georgas explained that reinsurance is a mechanism where insurance… Read More

Common Crawl Foundation, Constellation Network, Seek to Bridge Blockchain, AI

The Common Crawl Foundation, a non-profit organization founded in 2007 and dedicated to providing a copy of the Internet to the public, and Constellation Network, a Web3 blockchain ecosystem notable for providing solutions to the US Department of Defense, this announced a strategic partnership aimed… Read More

Security Breach Prompts Aark Digital to Issue $225K Bounty

Blockhain-focused Aark Digital has offered a 15% bounty in response to a recent security breach that led to the unauthorized withdrawal of around 1,386,085 USDC and 24.143 ETH. The incident, which involved unauthorized access to Aark Digital’s systems, resulted in the loss of approximately $1.4… Read More

Bitget and Foresight Ventures Invest $30m in TON Blockchain

Bitget and Foresight Ventures have announced a strategic $30 million investment in The Open Network (TON) blockchain, marking a significant move to support the network’s growing ecosystem. The two companies, a crypto exchange and a web3 investment firm, plan to invest in Toncoin (TON) tokens… Read More

DeFi Platform Drift Secures $25m to Expand Services on Solana

Drift, a decentralized finance (DeFi) platform built on the Solana blockchain, has raised $25 million in a Series B funding round led by Multicoin Capital. The new capital will support Drift’s expansion, focusing on developing a full suite of financial services, including spot and derivatives… Read More

80% of Crypto Token Prices Never Recover Following a Hack – Report

Immunefi, the blockchain cybersecurity platform protecting over $190 billion in assets, has just released its Hacks & Token Prices Report, which is said to be the most comprehensive overview of the impact of hacks on the prices of protocols’ native tokens. This research report from… Read More

Metallicus, the Developer of The Digital Banking Network, Introduces Metal Pay in Australia

Metallicus, the developer of The Digital Banking Network, a blockchain-based payments network built to meet regulatory standards globally, is pleased to announce the launch of its flagship consumer app, Metal Pay, in Australia. This expansion marks a significant milestone in Metallicus’ mission “to support the… Read More

XDC Network, the Blockchain Supporting Trade Finance and RWAs, Teams Up with Deutsche Telekom MMS

XDC Network, the “enterprise-ready” blockchain for global trade finance and RWAs, is pleased to announce its collaboration with Deutsche Telekom MMS. Deutsche Telekom MMS is a subsidiary of Deutsche Telekom, which is said to be “one of the world’s leading integrated telecommunications companies.” The collaboration… Read More

Layer 1 Blockchain Agoric, which Focuses on Chain Abstraction, Announces Key Updates

Agoric, a layer 1 blockchain designed for chain abstraction, has recently announced several significant developments that will enhance its ecosystem and provide new opportunities for its community and developers. Last week, Agoric had announced the launch of its Orchestration API, which is “designed to revolutionize… Read More

Allium Secures $16.5m in Series A Funding to Enhance Blockchain Data Solutions

Allium, a blockchain data platform for enterprises, has raised $16.5 million in a Series A funding round led by Theory Ventures, with participation from seed investors Kleiner Perkins and Amplify Partners, according to an announcement. As part of the investment, Tomasz Tunguz, Founder of Theory… Read More

Singapore: Blockchain Exchange Net Zero-X Launches to Bridge Climate Tech Financing Gap

Singapore’s latest blockchain initiative, Net Zero-X, launched this week, introducing a specialized exchange platform for institutional and accredited investors focused on green, clean, and climate tech projects. The platform aims to address the critical financing gaps that are impeding global efforts to transition to a… Read More

Blockchain and Crypto Ecosystem Security Report: Over $1.19 Billion Lost Across 408 Onchain Incidents in H1 2024

CertiK has released its market update, entitled Hack3d: The Web3 Security Quarterly Report – Q2 + H1 2024. CertiK‘s Hack3d: The Web3 Security Report for Q1 2024 digital assets and blockchain ecosystem update is described as “the industry’s most comprehensive record of statistics and analysis… Read More

Israeli Blockchain Startup SendBlocks Emerges From Stealth With $8.2M Seed Funding

Israeli startup SendBlocks, a blockchain data management company, announced this week that it is coming out of stealth mode with $8.2 million in seed funding. The SendBlocks platform is fully customizable, allowing blockchain enterprises, ecosystems, protocols, and applications to define pertinent data and leave it… Read More

Blockchain Ecosystem Security Report: 223 Recorded Incidents During H1 2024 Resulted in $1.43 Billion in Losses

SlowMist has released its 2024 Mid-Year Blockchain Security and Anti-Money Laundering Report. According to CoinMarketCap, the global cryptocurrency market cap “reached approximately $2.34 trillion by June 30, 2024, highlighting robust growth.” However, SlowMist pointed out that this development “comes with increasingly severe blockchain security challenges.”… Read More

Israel’s Fhenix Raises $15m to Advance Confidential Blockchain Technology

Fhenix, an Israel-based company specializing in Layer 2 blockchain technology that leverages fully homomorphic encryption (FHE), has successfully closed a $15 million Series A funding round. The round was led by Hack VC, with additional investments from Dao5, Amber Group, Primitive, GSR, Collider, and Stake… Read More

Blockchain Solutions Startup Almanax Secures Pre-Seed Funding

Almanax, a blockchain startup specializin in security solutions for the Web3 sector, has secured a pre-seed investment from defy.vc, a venture capital firm based in San Francisco. Additionally, the company has been selected to participate in NVIDIA’s Inception Program, a prestigious initiative aimed at nurturing… Read More

Pantera Capital Invests in Telegram’s TON Blockchain

Pantera Capital has announced a significant investment in TON, the Telegram L1 blockchain, signaling a major push to boost cryptocurrency adoption across the globe. Revealed on the social media platform X, this collaboration is set to utilize Telegram’s vast user base of over 900 million… Read More

Espresso Systems Raises $28m in Series B Funding for Blockchain Sequencing Marketplace

Blockchain project Espresso Systems has successfully closed a $28 million Series B funding round, with a16z crypto leading the investment. This latest financial boost brings the total funding to over $60 million, following a $30 million Series A round in 2022 and an initial $2… Read More

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