Blockchain 

Ripple Invests in Cybersecurity Startup Funding Round

Ripple has invested in a $2.2 million USD seed funding round by London-based cybersecurity startup Keyless via its investing division, Xpring. Keyless claims to be the first company in the world to combine biometrics with secure multi-party computation. Xpring was launched in 2018 with the intention of enabling the Internet of Value, an online ecosystem allowing for the seamless movement of money. Since then, it has evolved into more of a startup investment arm of Ripple, funding unique and high-potential projects in the world of crypto in order to enable widespread adoption…

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Blockchain 

Ethereum SKALE Network’s Funding Round Raises $17.1 Million

Ethereum’s scaling platform, SKALE Network, has reportedly raised $17.1 million in a recent funding round for the launch of its mainnet. The company has indicated that this is Ethereum’s best chance of beating other smart contract platforms. SKALE Adds More Investors Backed by US-based SKALE Labs and NODE Foundation of Licheinstein, the platform now has around 40 investors. The investors are from different parts of the globe, which include the US, EU, Korea, Hong Kong, Singapore, and Japan. The financing round consists of $10 million from SKALE Labs as well…

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Blockchain 

BlockFi Raises Over $18 Million USD in Funding Round

US cryptocurrency lending startup BlockFi has raised $18.3 million USD in a funding round led by Valar Ventures, the company announced on Tuesday. BlockFi is the first company of its kind to receive institutional funding for crypto-based loans in US dollars, in the form of a $50 million lending facility from Galaxy Digital. The new capital will reportedly be used to expand the array of products on BlockFi’s existing platform that includes interest-earning accounts for Bitcoin (BTC) and crypto-backed USD loans. BlockFi also plans on using the investment to double…

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Blockchain 

Kraken Implements New Funding Options for 5 Fiat Currencies

The US-based crypto exchange Kraken is rolling out new funding options for five major fiat currencies. In order to do so, the exchange has partnered with Etana Custody. Let’s check this out. Kraken’s New Funding Options Yesterday, July 29, the crypto exchange put out an official announcement saying that it will offer new funding options for US dollars, Euros, Canadian dollars, British Pound, and Japanese Yen. Kraken’s global customer base can access the fiat funding options by linking their bank account and wiring funds to the in-built Etana Custody Wallet,…

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