Macro investor Dan Tapiero has launched a $200 million fund intended to invest in mid- to late-stage companies in the digital asset ecosystem. According to a Notice of Exempt Offering of Securities filing today with the U.S. Securities and Exchange Commission, or SEC, Tapiero and his 10T Holdings partners Michael Dubilier and Stan Miroshnik have given the regulatory body notice of a $200 million growth equity fund for crypto and blockchain firms. The filing shows the fund has already sold $124 million of the original investment. The SEC filing notes the 10T Fund’s first sale occurred on Jan. 29, with …

Exordium, the publisher of the upcoming sci-fi strategy game Infinite Fleet, has announced a public security token offering, or STO, on the STOKR platform, starting Jan. 18. The $8 million sale to raise funds for the long-touted blockchain-powered MMO (or massive multiplayer online game), is being led by a $1 million investment from Tether International, the issuer of the largest stablecoin Tether (USDT). The public portion of the STO will have a hard-cap of $1 million and be limited to select European countries. This will include the majority of the European Union, with the notable exceptions of Germany and Belgium, …

Bitcoin (BTC) is continuing to rise to new heights above $35,000 on Wednesday as U.S. buyers on Coinbase further drive up the price. But the BTC futures market’s funding rate is also surging alongside futures open interest. The combination of a high funding rate, whales in Asia selling and a record-high futures market open interest raises the chances of a short-term correction. What’s more likely, a correction or a continuation of the Bitcoin rally? Currently, as Mechanism Capital’s Andrew Kang noted, the aggregated open interest of the Bitcoin futures market is at a new record high. He said: “Aggregated Open …

On Wednesday the Telos blockchain announced the launch of a new tool designed to help low-liquidity projects fundraise: a NFT product known as a “T-Bond.” In an interview with Cointelegraph, Douglas Horn — the author of the Telos whitepaper and the CEO of GoodBlock, a development company who assists with Telos core development — said that token-based fundraising is a tricky problem for both established and new projects. “Many crypto projects face challenges similar to our own. Telos never raised any money in a token sale, but many that have done ICOs see their finances running low before their projects …

Hashed, one of South Korea’s largest crypto asset fund managers, has raised $120 million to fund new blockchain ventures in the so-called “protocol economy.” The funds were raised via Hashed Ventures Inc., a new entity that will oversee the deployment of the nine-figure investment. The company has yet to disclose its backers, though a spokesman indicated that some of South Korea’s largest IT companies are involved. In the announcement, the company said: “Hashed plans to invest heavily in domestic and overseas startups that want to realize the'protocol economy,' which has recently emerged as a hot topic, as well as technology …

CoinDCX, a cryptocurrency exchange based in India, continues to aggressively expand its business with a massive new fundraise. According to a Dec. 21 announcement, CoinDCX has raised $13.9 million from industry investors like Coinbase and Polychain in its Series B funding round. Led by major blockchain software firm Block.one, the new raise also included Singaporean investment firm Temasek, Jump Capital, Uncorrelated Ventures, Mehta Ventures, and Alex Pack. This was CoinDCX’s third round of funding in 2020, bringing the company’s total raised amounts to $19.4 million. In March 2020, CoinDCX raised $3 million in a Series A round from firms like …

Polkastarter, a decentralized exchange on the Polkadot platform, is launching a mechanism for crowdfunding, with several projects lined up to offer token sales through the platform. Through a so-called “Fixed Swap Pool”, projects can list their tokens and set up a pool with a fixed per-token purchase rate. The product will go live on Dec. 15, and three projects will be using the platform to raise funds in the first three days of launch. These include two decentralized autonomous organizations, SpiderDAO and MahaDAO. Initial Decentralized exchange Offerings, or IDOs, first came into existence in the second half of 2019, although …

The Kraken cryptocurrency exchange announced that it would match $150,000 in donations to support open-source Ethereum projects on Gitcoin. Gitcoin is a developer-funding platform relying on a hybrid model of sponsored donations and direct community support. Through its quadratic funding model, community donations are used as guidance to identify the projects that should receive the most matched funding. The quadratic formula ensures that separate contributions are weighted more than a single large donation. For example, two people donating 1 Dai will result in a much higher match than just one person sending 2 Dai. Kraken’s participation comes as Gitcoin launches …

The team behind the 1inch protocol, which combines an automated market maker protocol and an aggregator for other DEXs, announced on Wednesday a successful Series A round for $12 million. Pantera Capital, a major venture fund active in the cryptocurrency space, led the round. A total of 10 other funds joined in the round, including: ParaFi Capital, Nima Capital, LAUNCHub Ventures, Spark Capital, Gumi Cryptos, Fabric Ventures, Struck Capital, Rockaway Blockchain Fund, Spartan Capital Securities and Blockchain Capital. Three business angels also participated in funding, including Josh Hannah, partner at Silicon Valley fund Matrix Partners; Kain Warwick, founder of Synthetix; …

New York Digital Investment Group has raised $150 million through two separate cryptocurrency investment funds, according to documents filed with the United States Securities and Exchange Commission on Nov. 24 and Dec. 1. The NYDIG Digital Assets Fund I raised $50 million, while the NYDIG Digital Assets Fund II raised $100 million. Reports suggest that the money raised by Fund I, which invests purely in Bitcoin (BTC), came from just two unnamed investors. Meanwhile, the larger Fund II is reputed to have received its entire $100 million investment from a single investor. The new funds follow a big year for …

The Waves Association announced on Wednesday a new grant program for cross-chain interoperability development. The pool consists of 1 million Waves tokens, worth approximately $3 million as of press time. Projects will be eligible for grants of up to 300,000 Waves to develop solutions for interoperability and cross-chain communication. There will be three separate types of grants: open grants, grants distributed through hackathons and Waves-focused grants. Sten Laureyssens, strategic advisor at the Waves Association, explained to Cointelegraph that open grants will have a wide scope: “For the open grant category, the grants are open to a wide variety of interoperability …

The Algorand Foundation, the governance and research organization behind major blockchain platform Algorand, is launching a new accelerator program in Europe. Known as “Algorand Europe Accelerator,” the new program intends to support European developers and entrepreneurs looking to build applications on the Algorand platform. Announcing the news on Oct. 15, the Algorand Foundation told Cointelegraph that the new program will launch in collaboration with established Algorand’s investors, Eterna Capital and Borderless Capital. As part of the program, Borderless Capital will distribute $15,000 in upfront seed funding to ten selected projects. Successful initiatives will be eligible for up to $500,000 in …