SBI launches $600 million fund to invest in Web3 and AI
The SBI Digital Space Fund, a JPY 100 billion ($660 million) initiative, focuses on startups in emerging tech, succeeding the SBI 4+5 fund, aiming at early-stage capital injection.
Latest funding News
Japanese startups secure nod to issue digital assets for funding boost
Startups in Japan are now allowed to issue digital assets, including digital currency tokens, as the country aims for a $72 billion annual startup funding goal by 2027.
R3 blockchain lays off a fifth of its employees
R3 slashed the jobs to “maintain a strong operating and financial position” at a time when blockchain funding has dried up as its landmark projects stall.
Africa: Blockchain startups sees 429% surge in funding in 2022
A new report reveals that Africa was the region with the highest growth in blockchain funding, with KuCoin and Scroll.io hitting the unicorn valuation.
Indian digital currency sector sees slowdown in startup funding: PwC
A report by PwC shows revealed that funding in Indian startups dipped 40% in Q2, with digital currency startups feeling the most heat as funds dry up.
CoinDCX raises $90M to become India’s first digital currency unicorn
It intends to use the funds to grow its customer base and launch new products as it continues to compete with WazirX, the other major exchange in the country.
Bitfarms to raise $31M in additional funding
The publicly listed block reward mining operation expects gross proceeds of nearly CAD$40 million via the sale in the United States of 11,560,695 common shares.
BC Technology Group raises $90 million in fresh stock offer
The Hong Kong based group, which runs cryptocurrency exchange OSL, issued 45 million shares at HK$15.50, raising a total of HK$697 million—roughly equivalent to $90 million.
BC Technology Group confirms $90 million funding for digital asset expansion
BC Technology Group, which owns and operates OSL, is hoping to raise the funding at a time of significant growth in demand for digital assets in local and regional markets.
Crypto analysis firm Chainalysis secures $30M in Series B funding
Chainalysis, a cryptocurrency analysis firm, has raised $30 million in Series B funding, as the firm looks to expand into new markets in 2019.
Analysts positively trace crypto donations to Hamas
Cryptocurrency denialists have often tried to state that digital currency only has illicit purposes, even though there is more evidence of fiat being used to fund these activities.
Coinbase eyes adding ‘hundreds’ of cryptos after closing new $300M round
Crypto exchange and wallet service Coinbase has raised $300 million through its Series E funding round, designed to provide more capital to power its mission to “accelerate the adoption of cryptocurrencies.”