Polychain Capital, Coinfund Raise $350M for New Crypto Funds
Polychain Capital and Coinfund, two crypto venture capital firms, raised $350 million for their new investment funds. According to sources acquainted with the situation, Polychain raised $200 million during the “first close” of its fourth investment fund, according to a July 18 Forbes article. After the closure, Polychain will have contracts with investors and be […]
Nevada Court Orders Prime Trust Into Temporary Receivership
Nevada courts have ordered Prime Trust, a prominent crypto custodian now facing financial troubles, into temporary receivership on July 18. Prime Trust, a once-thriving custody company for digital assets, has been formally declared under receivership by Nevada authorities. Companies that are bankrupt or almost insolvent are placed in receivership mode to allow for the organization’s […]
Manta Network Developer p0x Labs Raises $25m Series A
P0x Labs, the cryptographic development team building Manta Network, announced its $25 million Series A. With major contributions from Polychain Capital and Qiming Venture Partners, P0x Labs, the cryptographic development team behind Manta Network, has announced that it has raised $25 million in a Series A fundraising round. The funding increases the company’s valuation to […]
DeFi Liquidity Protocol Symbiosis adds Support for zkEVM rollup Linea
Decentralized finance liquidity protocol has added support for Linea, a Consensys-developed zkEVM-based scalable solution for cross-chain swaps. Linea is a developer-ready zkEVM roll-up type, according to a statement from Symbiosis. This means it is Ethereum-compatible and allows developers to reuse a significant amount of existing infrastructure when constructing multi-asset-based solutions. Linea includes over 100 protocols, […]
Societe Generale Obtains France’s First Crypto Licence
French bank Societe Generale has become France’s first company to obtain a crypto services license. The provider will be granted the right to custody of the digital assets and the ability to buy, sell, and exchange them for real money. On July 19, the Autorité des Marchés Financiers (AMF), France’s stock market regulator, updated its […]