The total cryptocurrency market rose about 10%, or more than $300bn (£238bn), in the hours since the US Presidential announcement, according to cryptocurrency data and analysis company CoinGecko. Bitcoin, the world’s largest cryptocurrency by market value, rose over 11% to $94,164 after Sunday’s announcement. Ethereum, the second-largest cryptocurrency, was up around 13% at $2,516. XRP surged 33%…
Web3 funding for Q3 2024 reached $5.4 billion, reflecting a strong investor appetite for scalable, compliance-friendly, and user-centered blockchain solutions. Key Funding Updates • Borderless.xyz • Raised: $3 million (pre-seed) • Objective: Building a stablecoin payment network connecting fiat and digital currencies in over 50 countries. • Use Case: Low-cost, real-time cross-border transactions via the…
Web3 continues to attract significant funding, underpinning its growing presence across industries. Recent funding rounds suggest a blockchain infrastructure and automation focus. Notable Projects and Investments • Gelato Network: Closed an $11 million funding round for developing blockchain automation tools that make dApps more efficient and scalable. • Compliance Tools: With increased regulatory oversight, Anti-Money…
The continuous attraction of huge funding and attention to the Web3 space reflects its dynamism and growth across industries. Here is what is new: Funding Highlights • Web3Intelligence closed a private funding round of $4.5 million, with a utility token that would underpin compliance support and premium features in DeFi platforms. • Gelato Network secured…
