On Tuesday, ConsenSys, the leading Ethereum (ETH) and decentralized protocols software company with product suites such as MetaMask, Infura, and Truffle, announced the close of a $450 million Series D funding round led by ParaFi Capital. Notable new investors included Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, and C Ventures. The deal more than doubles its valuation since the firm's $200 million Series C raise in November 2021. Proceeds from the round will in part be converted to ETH to rebalance the ratio of ETH to USD-equivalents in ConsenSys' treasury. The firm actively seeks to use its …
The Avalanche project, a blockchain protocol founded by Cornell’s Emin Gün Sirer, has completed a $42 million public token sale after raising $12 million in a private sale in June. Avalanche blockchain developer AVA Labs said that the Avalanche network launch is expected to come by the end of August. Public sale offered a total of 72 million AVAX tokens The $42 million public sale took place on July 15, taking just a few hours to complete. Starting at 10:00 a.m. ET, the token sale offered up to 72 million AVAX tokens. At 2:33 p.m. ET, just four hours and …
Shark Tank celebrity Kevin O’Leary, also known as Mr. Wonderful, says he would be ready to increase his crypto allocations up to 20% as soon as there are clearer regulations around stablecoins. O’Leary, a former Bitcoin (BTC) skeptic, is now a vocal advocate of cryptocurrency, which currently makes up over 10% of his investment portfolio. Mr. Wonderful is particularly focused on U.S. dollar-pegged stablecoins, which he sees as an effective hedge against rising levels of inflation. By staking stablecoins, he pointed out, he can make up to 6% returns. He explained to Cointelegraph: ”When inflation is 6%, you're buying power …
Rounding up the last decade, Ethereum co-founder Vitalik Buterin revisited his predictions made over the years, showcasing a knack for being right about abstract ideas than on-production software development issues. Buterin started the Twitter thread by addressing his article dated Jul. 23, 2013 in which he highlighted Bitcoin's (BTC) key benefits — internationality and censorship resistance. Buterin foresaw Bitcoin’s potential in protecting the citizens’ buying power in countries such as Iran, Argentina, China and Africa. However, Buterin also noticed a rise in stablecoin adoption as he saw Argentinian businesses operating in Tether (USDT). He backed up his decade-old ideas around …
Ethereum co-founder Vitalik Buterin has shared three “huge" opportunities yet to be realized in crypto, including mass crypto wallet adoption, inflation-resistant stablecoins, and Ethereum-powered website logins. During an interview with Bankless co-owner David Hoffman, Buterin shared his outlook for the crypto industry in 2023, responding to Hoffman’s raised concern that the “adoption wave” for decentralized applications is now over and that there’s “less opportunity” for developers to come in and build new decentralized applications. Buterin instead shrugged off the “limbo period” that Hoffman eluded to, firstly suggesting that more developments need to be made on cryptocurrency wallet infrastructure in order …