DePIN Glow Raises $30M from Framework Ventures, USV
The funds will be used to expand Glow’s solar grid in India, which is projected to replace the energy consumption of 34,000 households. Ethereum-based platform Glow has secured $30 million from venture capitalists to expand its decentralized solar farm initiatives. Framework Ventures and Union Square Ventures led the funding round, with participation from Lattice Ventures, Protocol […]
FTX Adviser AlixPartners Improves Crypto Tracing with Chainalysis
Crypto and DeFi fraud schemes resemble 1980s lending schemes and dot-com market manipulation, according to AlixPartners’ David White. Consulting firm AlixPartners, which is handling FTX’s bankruptcy proceedings, has joined forces with blockchain research company Chainalysis to enhance cryptocurrency tracing efforts. Announced on Oct. 31, the partnership aims to bolster digital asset tracing and forensic investigation […]
Brazil’s Crypto Imports Rose 40% in September
Brazil’s crypto activity continues to grow, with digital asset imports reaching $1.4 billion in September. Brazil’s digital asset imports reached $1.4 billion in September, marking a 40% increase from the approximately $1 billion recorded in September 2023, according to data released by the Central Bank of Brazil and local media on Oct. 29. Despite the […]
Legion Annouces Merit-Based Platform for ICOs in Europe
The reputation system is aimed at retail investors in Europe and projects worldwide seeking regulatory clarity for crypto fundraising. Legion, a crypto fundraising platform , has unveiled a new reputation system targeting retail investors and startups launching initial coin offerings (ICOs) under European Union regulations. As per Legion, this system “simplifies things for teams” by allowing […]
VanEck Introduces $30M Ventures Fund for Crypto and AI
VanEck’s new $30 million fund, VanEck Ventures, will invest in fintech, crypto, and AI firms developing next-generation payments. VanEck, one of the U.S. issuers of spot Bitcoin exchange-traded funds (ETFs), has introduced a new initiative to support early-stage projects in the cryptocurrency and artificial intelligence sectors. On October 9, VanEck announced the launch of VanEck […]