CoinTracker, the market leader in cryptocurrency tax and portfolio tracking for consumers, announced today that it has secured $100 million in Series A financing, bringing CoinTracker’s total valuation to $1.3 billion. The round was led by Accel, with participation from new and previous investors including General Catalyst, Initialized Capital, Y Combinator Continuity, 776 Ventures, Coinbase Ventures, Intuit Ventures, Kraken Ventures, as well as Claire Hughes Johnson (Former COO, Stripe), Gokul Rajaram (Coinbase and Pinterest board member), Jeremy Liew (Early Investor in Affirm and Snapchat), and Alex Bouaziz (Deel CEO).
Cryptocurrencies are here to stay. Adoption has surpassed retail and is now at the institutional level, with publicly-traded companies and even governments bringing it into the fold too.
Lately, metaverse projects have been gaining traction in the crypto and blockchain space, with gaming as one of the most pursued activities. Games like Axie Infinity have made history, having generated roughly US$780 million in sales within 30 days back in June 2021. This game has since reached US$1.1 billion in sales and a valuation of about US$3 billion. Some of this success can be attributed to its play-to-earn model, which is also partly behind the success of other metaverse games. These include Silk, My Neighbor Alice, Gods Unchained, CryptoKittties, Pirate X Pirate, Forest Knight and Mines of Dalarnia.
Ascenders, the highly anticipated AAA action RPG gaming title, announced a $6.4 million private round co-led by Paramount Capital, Three Arrows Capital, Sino Global Capital, and Merit Circle, the leading investors in blockchain technology and gaming. The investment also features prominent players in the blockchain ecosystem including DeFiance Capital, Blizzard Fund, Colony Labs, GuildFi, Momentum 6, Forward Analytics, Avocado Guild, ZeePrime, Snack Club, Layer X, Mintable and others.
Logitech For Creators, an extension of Logitech dedicated to empowering creators to pursue their passions, announced the second annual Logitech Song Breaker Awards. The awards honour creators shaping pop music through dance challenges, memes and trends they have shared on social media, especially on TikTok and YouTube, over the past year.
The highest daily trading volume was on February 22, 2021, at $64.20 million. Over the same period, the NFT marketplace recorded an average of 17,766 daily traders
A new federal Gov't, a pandemic, a war and tough trading markets, has prompted women to investigate something new for their investment portfolio. According to a survey by Fidelity, despite lacking confidence in their investment techniques, 20% of women have decided these conditions need a new strategy to help them achieve options for their future they desire.
A recent survey by YouGov has found that of the 12% of respondents that indicated they’ll be investing their tax return, a quarter of them plan to invest in cryptocurrency.
Nexus Mutual will execute the single largest DAO treasury deposit on Bancor this week, joining dozens of DAOs that have recently staked treasury funds on Bancor. The deposit of over $2.2m wNXM comes as a growing number of top DAOs and token projects are allocating funds on Bancor, including UMA, Flexa Network (AMP), Paraswap (PSP), KeeperDAO (ROOK), Harvest Finance (FARM), Request Network (REQ), Instadapp (INST), WOO Network DAO (WOO) & more.
More Australian artists, musicians and retailers are diving into the metaverse with the creation of NFTs that can be traded on secure Australian-based Etherium networks such as Bulltalk.io. Recently launched blockchain social media and NFT platform Bulltalk.io has more creatives turning to it every day for a secure space to mint, promote and sell NFTs. CEO of Lehmansoft, which owns Bulltalk.io, Raymond Chen said the platform was exploding with more virtual Australian content. Bulltalk.io is unique – it is a decentralised network that combines the best features of platforms like OpenSea, Instagram, Reddit and Twitter including advanced social media capabilities and a secure Ethereum-backed marketplace.