Concordium Raises $36 Million Funding After Closing 4th Private Placement
Privacy-centric blockchain, Concordium has concluded the fourth private sale of its GTU tokens to fund further development of its public and permissionless compliance-ready solutions. In total, the private placement rounds have secured Concordium, which is run by a team of Danish innovators, a capital injection of $36 million. The latest financing round values the company […]
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Concordium, a privacy-focused blockchain, has just completed its fourth funding round in which the firm raised $36 million; this pushed the valuation of the blockchain firm to around $1.5 billion. The funding round was focused on the Private Placement of its cryptocurrency GTU. The raised capital would be used to expand the works of the […]
Bit Mining is looking to exit China’s market in response to the recent government crackdown on mining. Shenzhen-based crypto mining firm, Bit Mining, is raising $50 million to fund an expansion out of the Chinese market.Announced on July 12, the firm has entered into an agreement with select institutional and accredited investors to raise $50 million through a private placement. Bit Mining is raising the funds in response to the Chinese Communist Party’s crackdown on crypto mining in May, noting plans to “acquire additional mining machines, build new data centers,” and expand its....
“It’s not $400 million. It’s the credibility that comes with the people who wrote those cheques,” Celsius CEO said. Cryptocurrency lending platform Celsius Network has raised $400 million in a new equity funding round amid United States regulators increasingly cracking down on crypto lending.Announcing the news on Oct. 12, Celsius noted that the latest funding was led by Canada’s second-largest pension fund, Caisse de dépôt et placement du Québec (CDPQ), and WestCap, an equity firm established by former Airbnb executive Laurence Tosi.Celsius Network raises $400m. @FT "The funding round was....
Blockchain operations are increasingly embracing more traditional financing from big-name venture funds to leverage these strategic stakeholders’ benefits instead of crowdfunding avenues popularized during the last blockchain hype wave. Funding Roundup: Concordium, StakeWise, and Automata Reveal Private Capital from Leading Funds In a significant departure from the last crypto startup wave focused on raised public capital in the form of initial coin offerings (ICO), token sales, and exchange launches, today’s advancing blockchain initiatives are increasingly tapping private....
Concordium, the enterprise blockchain focused on delivering DLT to businesses at scale, has launched its third testnet. As the project approaches its mainnet release, an incentive program has also been created, promising to reward developers and community members who participate in Concordium’s third testnet of 2020. On October 6, the latest testnet went live, with […]