Thursday, August 18, 2022

CoinTracker raises $100m in Series A to meet client crypto tax compliance

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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).

World’s largest crypto exchange platform launches in Australia

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To trade using Binance Australia, users need to complete a simple and quick identity verification process which will allow them to deposit AUD directly from their bank accounts using PayID with no fees attached.

Penny the Pig: World’s first child friendly crypto currencies piggy bank

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Strive’s app and hardware combo displays any crypto wallet balance on the piggy bank, whilst parents can use the accompanying app to schedule crypto currency payments such as pocket money, and monitor their child’s digital transactions.

InvestaX gets funding from top crypto investment and capital markets firms

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InvestaX, an MAS (Monetary Authority of Singapore) licensed digital securities platform, announced that new strategic investors including Coinbase Ventures, Gate Ventures, Token Bay Capital, Sustainability Exchange Group (SEG), Global Blockchain Ventures, Startup-O, JST Capital, Baksh Capital, Thakral Corporation Ltd, Woodside Holdings Investment Management, and Balaji Srinivasan, have joined its Series A round.

Action RPG gaming title Ascenders closes $6.4m investment round

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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.  

Guild of Guardians mythic hero Lia NFT sells for record breaking $273k

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Guild of Guardians, an NFT-based mobile role-playing game (RPG) published by Immutable and developed by Stepico Games announced that its Mythic Hero Lia, the priestess of illumination in the game has been sold for more than $273k, the largest amount paid for a Layer 2 NFT.

Kalamint, the NFT marketplace on Tezos, announces a partnership with VR pioneers,...

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Signalling the future of NFTs, this move harmoniously ties the two mammoth industries paving the way for a number of opportunities in product integrations, curated virtual galleries, fan engagements, and the ability to experience the metaverse through the highest echelon of technological advances.

Community-led FTT DAO raises $7 million donated by FTX token fans

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FTT DAO, a community-led ecosystem DAO, received 250,000 $FTT, worth about $7m, in community donations to kick start its activities. A number of community contributors took part in the donation to help grow FTT DAO. Through this donation, which will be used as an ecosystem fund, FTT DAO plans to support upcoming community-led projects across areas like crypto education, decentralized finance and effective altruism for the FTT community.

ConsenSys successfully raises $450 million in Series D funding round

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ConsenSys announced the close of a $450m financing round, bringing its valuation to over $7bn. ParaFi Capital led this raise after participating in its Series C round in November 2021. New investors also joined, like Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, and C Ventures. Series C investors — Third Point, Marshall Wace, TRUE Capital Management, and UTA VC, United Talent Agency’s venture fund — also participated in this round. Sullivan & Cromwell LLP acted as ConsenSys’ legal advisor in this transaction.

Dacxi and ABC Bullion form unique supply and vaulting partnership

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Dacxi, announced a partnership with ABC Bullion to provide a simple, cost-effective way to invest in Gold, Silver and Platinum. Dacxi’s ‘precious metals’ bundle allows investors to purchase any amount of Gold, Silver and Platinum as a digital token. The underlying precious metals for each token are 100% backed by the physical metal, stored in ABC Bullion’s vaults and fully insured.