Binance Invests in Bitcoin Liquid Staking Project Lombard
Binance’s venture capital and incubation arm has invested in Lombard, the crypto project behind the Bitcoin liquid staking token LBTC. With this investment, Lombard can launch LBTC on new chains. In a release, co-founder and head of strategy at Lombard, Jacob Phillips, stated that the objective is to expand the decentralized finance scene on Bitcoin […]
Hong Kong’s HashKey Postpones HSK Token Launch Due
HashKey, Hong Kong’s largest regulated cryptocurrency exchange, delayed the HSK token launch for “more favorable market conditions.” The company behind the Hong Kong-based cryptocurrency exchange, HashKey Group, has decided to delay the release of its HSK token, citing the general performance of the market as being “relatively subdued over the past three months.” Within an […]
Blockcast Raises $2.85M to Scale Content Delivery
Lattice Fund led the $2.8 million seed round for Blockcast to extend its decentralized infrastructure for high-bandwidth content. A press release states that Blockcast raised $2.85 million in its seed funding round, with participation from angel investors and well-known investors like Solana founder Anatoly Yakovenko, as well as Lattice Fund, Protocol Labs, Finality Capital […]
Blockstream Secures $210M to Drive Layer-2 Growth
Blockstream has raised $210 million in convertible note funding to bolster its Bitcoin operations and to buy BTC ahead of the next market cycle. According to the Bitcoin infrastructure firm , the funding will help accelerate the company’s layer-2 products. In a news release, Blockstream also intended to utilize a portion of the funds to […]
Ripple Backs $25m Round for Crypto Platform Bitnomial
Ripple led a $25 million fundraising round for Bitnomial, a digital assets derivatives exchange and brokerage platform. Bitnomial revealed that Ripple, the firm that created XRP, headed the fundraising round. This occurs as Botanical, the startup’s perpetual futures trading platform, prepares for public launch. A news announcement states that Botanical is intended to provide customers […]