Ciphrex Earns $500,000 in New Funding Round

Cryptocurrency security firm Ciphrex has completed a successful A-Series funding round, raising $500,000 (£327,934) Six accredited investors took part in the round, according to the company, but they wished their participation to remain private. Enrique Lombrozo, co-CEO and chief operations officer, said: “We are glad to announce we’ve met our goal of raising half-a-million dollars in this initial round. We raised $300k immediately, back in October 2014, and then we raised the remaining $200k in the last few weeks. These funds will allow us to further advance, promote and expand our line....

Cryptocurrency and blockchain technology-based leading software company Ciphrex had added Bitcoin law expert Peter Townshend to its Board of Advisors, the company announced via a press release today. The addition of Peter Townshend, who is also a partner at the leading law firm Perkins Coie LLP, will immensely boost the software company's position as it sets up for the Series B round of financing. Ciphrex's co-founder and Chief Operations Officer Enrique Lombrozo said, "We are delighted to have Peter Townshend join the Ciphrex team as our legal advisor. He is an outstanding attorney who....

Optimism, an L2 (Layer 2) rollup solution for Ethereum, has raised $150 million in its Series B funding round coming from big companies in the venture capital (VC) scene. The funding round was led by A16z and Paradigm, with the former also having invested during the previous funding round. The scaling solution reached a valuation of $1.65 billion with this fund injection, reaching well above unicorn status. Optimism Gets Backing to Keep Growing Optimism, a solution that allows for transacting on Ethereum with low fees, has scored a $150 million investment in its Series B funding....

Erthas’ metaverse, built on Binance smart chain, has just concluded a seed funding round. The project has garnered interest from the venture capitals and ended with an oversubscribed seed round which was considered an excellent achievement for the projects’ fundamentals. Ertha has collected funding from 4 venture capitalists. Investors backed the project seed funding round: […]

Moonpay, a cryptocurrency payments service provider, has raised $555 million during its first funding round. Led by Tiger Global Management, this series A funding round propelled the valuation of the company to $3.4 billion, which will be used for expansion endeavors. The fiat-to-crypto ramp that Moonpay provides is key to several hundred wallets and services for onboarding users with fiat currency. Moonpay Snags $3.4 Billion Valuation Moonpay, a startup that specializes in processing payments to purchase cryptocurrencies, has raised $555 million in its first financing round. The....