Investments

Chainalysis Raises $100 Million In Series C

  • The capital will be used to reach more potential clients worldwide, including government agencies and private businesses.
  • Chainalysis will continue to assist institutions with cryptocurrency finance oversight and dealing with crime-related activities.

Chainlink Awards Grant For xDai Integration

  • Protofire will use the grant for a native integration of Chainlink's oracle technology into xDai Chain.
  • Being both a validator and core developer of the xDai technology stack made the firm an excellent candidate for the grant.

Binance’s $100 Million Accelerator Fund Adds 5 New Projects

  • Along with the first batch of blockchain companies who received funding, the projects working on Binance Smart Chain now number 11.
  • The exchange platform will look to recruit more new developer organizations, which are inclined to foster innovation and help grow the Binance ecosystem.

Overstock’s Medici Ventures Acquires Controlling Stake In Bitt

  • Medici Ventures now has a controlling stake in blockchain startup Bitt after an $8 million equity purchase.
  • Prior to this latest equity purchase, Medici had invested about $7 million across two earlier equity deals.

DeFi Project DODO Closes $5M Funding Round Led By Binance Labs

  • The DODO DeFi project is developing a new market-making algorithm, said to incorporate elements from both AMM and the centralized exchange's order book.
  • With the newly-acquired funds, the firm will focus on increasing its organic trading volume, optimizing its price oracles, and other developments.

DeFi Project Aave Receives $25M Investment

  • The $25 million investment comes from Blockchain Capital, Standard Crypto, and Blockchain.com Ventures, among others.
  • The funds will be used to bring DeFi "closer to institutional use", as well as to expand Aave's team in order to facilitate the growing Asian markets.

Square Invests $50 Million In Bitcoin

  • The payment firm was able to secure 4,709 Bitcoin at an average price of $10,600 per BTC, which is equal to 1% of Square's total assets.
  • The firm has stated that BTC is "an instrument of economic empowerment" that can help the "world to participate in a global monetary system".

Bitpanda Closes $52M Series A Led By Peter Thiel’s Valar Ventures

  • Led by Peter Thiel’s Valar Ventures, the Series A funding round will help Bitpanda expand to new European markets.
  • The firm expects to hire around 70 new employees and release several new products by the end of 2020.

APY.Finance Raises $3.6 Million In Seed Funding To Develop Yield Farming Platform

  • The company is said to be building a next-generation DeFi, which will allow users to onboard yield farming strategies in a risk/reward optimized way.
  • APY.Finance is further planning to issue a native governance token, dubbed APY, to support decision making on the protocol.

Linear Finance Raises $1.8 Million In Seed Funding

  • Various key strategic investors such as BGC Ventures, Alameda Research, and Hashed will aid Linear in its pursue of growth.
  • Tony Gu, NGC founding partner, and Ryan Kim, Hashed co-founder, are said to be joining Linear’s advisory board.