Venture capital firm Sequoia Capital stands to make approximately $100 million following Stripe’s $1.1 billion purchase of Bridge. The substantial return is particularly notable in the crypto sector, where venture funding has significantly declined since its peak in 2022. Other Investors Also Set for Major Returns According to reports from Bloomberg, Sequoia invested $19 million…
The post Crypto VC Funding Drops 20% in Q3 2024 appeared first on Coinpedia Fintech News Crypto venture capital funding fell 20% in Q3 2024 to $2.4 billion, driven by a “barbell market” where Bitcoin and high-risk memecoins dominated, leaving mid-tier projects overlooked, according to Galaxy Digital. The report noted a 17% decrease in deals,…
Openai, the company at the center of the artificial intelligence (AI) revolution, is reportedly seeking to raise $6.5 billion from investors, reaching a valuation of $150 billion. According to Bloomberg, the funds would be used to support the need for computing power and other expenses, as stated in a memo sent to employees last month….
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Decentralized music streaming service Tune.fm has secured a significant boost in its funding. It reportedly received $50 million from Global Emerging Markets, bringing its total capital raised to $80 million. This fresh infusion of cash is earmarked to provide liquidity for the platform’s native token, JAM, which powers the…
The post Tether Buys Stake in Latin American Agri Firm Adecoagro appeared first on Coinpedia Fintech News Tether on the front foot again! Tether, the USDT stablecoin issuer, has acquired a 9.8% stake in Adecoagro, a leading Latin American agricultural firm, for $100 million. As per the data, Adecoagro, valued at over $1 billion, operates…
Hypernative has successfully secured $16 million in a Series A funding round spearheaded by Quantstamp, with other notable investors joining the fray. This new capital will be channeled into enhancing its artificial intelligence (AI)-driven security solutions tailored for the Web3 ecosystem. Hypernative Garners $16M Funding to Fortify Web3 Security With AI Solutions In a blog…
In Q2, 2024 total crypto funding reached $2.83 Billion in 431 rounds, according to data from Rootdata. Iris Energy, a Bitcoin miner, has secured the highest funding of $413 Million in YTD. HUT 8, mining secured $150 Million in funding to bolster its data center capabilities for artificial intelligence (AI). Every year, thousands of corporations…
Space and Time (SxT) Labs has announced the completion of a $20 million Series A funding round, led by Framework Ventures and supported by several prominent investors. SxT Labs disclosed that the funding aims to accelerate the company’s development of tools that bridge the gap between artificial intelligence (AI) and blockchain technology. Space and Time…