The cryptocurrency industry is attracting an increasing number of institutional players. This is evidenced by new investments in infrastructure and the increasing attention that companies are paying to Bitcoin as an asset class. The most important events of recent weeks are in the ForkLog review.
Security partner MetaMask raises $33 million
Startup Blockaid closed a $33 million Series A funding round with participation from Ribbit Capital and Varian. The MetaMask and OpenSea partner will continue to scale the technology with a focus on preventing malicious transactions.
Sequoia Capital, Cyberstarts and Greylock Partners also provided funds.
The team announced the removal of its platform from stealth mode. It is compatible with any blockchain.
In addition to MetaMask and OpenSea, the developers of Rainbow and Zerion wallets used the tools.
DEX SynFutures raised $22 million
Decentralized derivatives exchange SynFutures has closed a $22 million Series B funding round.
Its participants included Pantera Capital, HashKey Capital and Susquehanna International Group.
Co-founder and CEO of SynFutures Rachel Lin comments The Block refused to disclose the project’s valuation, but admitted the launch of the platform’s own token in the future.
Crypto broker Membrane Labs raised $20 million
Membrane Labs, a digital asset-focused trading platform, has closed a $20 million Series A funding round. CoinDesk.
It was led by Brevan Howard Digital and Point72 Ventures, with participation from Flow Traders, QCP Capital, Two Sigma Ventures, Electric Capital, Jump Crypto, GSR Markets, Belvedere Trading and Framework Ventures.
The funds raised will be used to create a trading infrastructure for the crypto industry.
DeFi protocol Elixir raises $7.5 million at $100 million valuation
DeFi protocol Elixir closed a Series A funding round in the amount of $7.5 million. The project valuation reached $100 million, reports The Block.
It was led by Hack VC with participation from NGC Ventures, AngelList Ventures, Bloccelerate, Ledger Prime, Genesis Trading, Hudson River Trading and other investors.
Coin Metrics raised $6.7 million
Analytics firm Coin Metrics has raised about $6.7 million. This is stated in statement to the US Securities and Exchange Commission.
Coin Metrics representative comments The Block said that the funds were received from a new investor.
Vitalik Buterin supported Nocturne Labs with a focus on privacy in Ethereum
Nocturne Labs, a startup focused on creating private accounts in the Ethereum ecosystem, closed a $6 million seed round. It was led by Bain Capital Crypto and Polychain Capital.
Funds were also provided by the co-founder of the second largest cryptocurrency by capitalization Vitalik Buterin, Bankless Ventures, Hack VC, Robot Ventures.
Nocturne is developing a protocol that will allow anonymous transactions in the Ethereum ecosystem.
The solution is expected to launch on the mainnet in November. In the future, support for L2 solutions will appear.
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ForkLog newsletters: keep your finger on the pulse of the Bitcoin industry!
2023-10-28 17:12:45
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