One of crypto’s longest-running exchanges has been sold
One of the longest-standing crypto exchanges has new owners after Europe-based Bitstamp was sold to South Korea’s Nexon, marking the gaming firm’s second such acquisition. The acquirer is NXMH, a...
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NYSE operator’s crypto project Bakkt brings in $182M
The Intercontinental Exchange’s (ICE) cryptocurrency project Bakkt celebrated New Year’s Eve with the announcement of a $182.5 million equity round from a slew of notable institutional investors. ICE,...
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Go-Jek buys fintech startup Coins.ph for $72M ahead of Philippines expansion
Ride-hailing startup Go-Jek’s expansion into the Philippines ran into problems earlier this month over its ownership structure, but that isn’t deterring the Indonesian company from investing into the...
View ArticleLatin America Roundup: Uber acquires Cornershop, SoftBank invests in Buser...
Sophia Wood Contributor Share on Twitter Sophia Wood is a Venture Partner at Magma Partners. Sophia is also the co-founder of LatAm List, an English-language Latin American tech news source. More...
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Alchemy is secretly fixing blockchain’s node nightmare
The top cryptocurrency companies have quietly begun to outsource their infrastructure problems to a tiny stealth startup. It’s called Alchemy. Today it’s making the big public reveal of its technology...
View ArticleEco raises $26M in a16z-led round to scale its digital cryptocurrency platform
Eco, which has built out a digital global cryptocurrency platform, announced Friday that it has raised $26 million in a funding round led by a16z Crypto. Founded in 2018, the SF-based startup’s...
View ArticleInjective Protocol raises $10M from Pantera Capital, Mark Cuban for its ‘DeFi...
Back in December last year Injective Protocol launched the testnet for its DeFi protocols for cross-chain derivatives trading, with backing from giant crypto exchange Binance. It has now raised $10...
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Alchemy raises $80M at a $505M valuation to be the ‘AWS for blockchain’
Blockchain developer platform Alchemy announced today it has raised $80 million in a Series B round of funding led by Coatue and Addition, Lee Fixel’s new fund. The company previously raised a total of...
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With backers like Tiger Global, LatAm crypto exchange Bitso raises $250M at a...
Bitso, a regulated crypto exchange in Latin America, announced today it has raised $250 million in a Series C round of funding that values the company at $2.2 billion. Tiger Global and Coatue co-led...
View ArticleCrypto finance startup Amber Group raises $100M at $1B valuation
More mainstream venture capital firms are jumping on the crypto bandwagon as investors increasingly consider bitcoin an investable asset, despite the recent massive price drops of a few major...
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Offchain Labs raises $120 million to fix Ethereum’s shortcomings with its...
As the broader crypto world enjoys a late summer surge in enthusiasm, more and more blockchain developers who have taken the plunge are bumping into the blaring scaling issues faced by decentralized...
View ArticleAncient8 secures $4M in seed to democratize social and financial access in...
Ancient8, Vietnam’s blockchain gaming guild, develops a community and software platform to enable everyone to play P2E (play-to-earn) games and build the metaverse while earning rewards. “We lend our...
View ArticleSubspace Labs raises funding for a more scalable, sustainable blockchain
As the crypto space has grown in popularity, some of the most popular blockchains have struggled to meet user demand. New projects are aiming to tackle issues like notoriously high energy use, hefty...
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Indian crypto exchange CoinDCX tops $2 billion valuation in new $135 million...
CoinDCX has doubled its valuation to $2.15 billion (post-money) in eight months following a fresh $135 million funding, it said today, as the Indian cryptocurrency exchange looks to aggressively expand...
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Ondo’s decentralized investment bank matches crypto companies with capital...
The crypto-based decentralized finance ecosystem has, despite bouts of volatility, been ballooning in terms of assets since last year’s “DeFi summer.” DeFi is quickly maturing, which means startups are...
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Down bad
Welcome back to Chain Reaction. Last week, we talked about layoffs and the Winklevoss rock gods. This week, we’re looking at a new layer of crypto doom and gloom. Get this newsletter in your inbox...
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Can VCs game crypto out of this downturn?
Welcome back to Chain Reaction. Last week, we looked at Musk holding onto doge. This week, we’re talking about where all of this crypto VC money is possibly gonna go. To get this in your inbox every...
View ArticleLegendary investor Julian Robertson has passed away — but leaves behind many...
Julian Robertson’s hedge fund investors didn’t want to listen to him when, in 1999, he questioned the sanity of the prices being paid for shares in nascent internet companies. So months after being...
View ArticleStacked gets $13M to be the Twitch for web3 gamers
Few areas in tech today are as polarized as the blockchain gaming space. Legacy developers and gamers are calling play-to-earn games Ponzi schemes, while crypto-believers say games that incorporate...
View ArticleWhich Ethereum-focused startups will survive the Merge?
As the Ethereum network transitions its system through a new upgrade called the Merge, many are wondering which startups within its ecosystem will be best positioned to thrive in a post-Merge world....
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