Crypto app Valora raises $20M, becomes independent from Celo
Valora said it will use the funds for product development and create educational content "to get more people comfortable using cryptocurrencies." Celo-powered crypto wallet Valora has closed on a $20 million funding round, as the company announced it will become a standalone entity.In a Tuesday announcement, Valora said Andreessen Horowitz, Polychain Capital, SV Angel, Nima Capital, NFX, Valor Capital, and others had invested $20 million in a Series A round for the crypto app, which will now operate as an independent company. Jackie Bona, the former head of consumer growth of Celo's cLabs....
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Celo offers a blockchain payments platform using customers' cellphone numbers to secure their public keys.
Deutsche Telekom’s T-Systems MMS is now a public validator on Celo via its Open Telekom Cloud infrastructure. The United States-based venture capital fund Andreessen Horowitz (a16z) has picked T-Systems MMS validator group, a subsidiary of Deutsche Telekom, to delegate its native Celo (CELO) assets.According to a notice on Deutsche Telekom's website on Tuesday, T-Systems MMS is running the validator nodes via the company's Open Telekom Cloud which reportedly delivers robust security capabilities.As previously reported by Cointelegraph, Deutsche Telekom invested in Celo back in April,....
The largest telecommunications provider in Europe, Deutsche Telekom AG, announced on Monday that it will be leveraging Coinbase Custody to hold the firm’s celo tokens. Celo is a mobile-first platform that connects to decentralized apps, is EVM compatible, and the network allows holders to stake the crypto asset. While keeping the celo tokens with Coinbase Custody, Deutsche Telekom will stake the tokens for its subsidiary T-Systems MMS. Deutsche Telekom Plans to Secure Celo Tokens With Coinbase Custody Deutsche Telekom AG, the owner of mobile communications brand T-Mobile, has....
cLabs, the developer behind Celo blockchain, has announced plans to transition the platform to be an Ethereum layer-2 network. The proposal, the developer said, comes after extensive research and discussions within the Celo community. The goal is to drive the adoption of blockchain, making it accessible to users regardless of their location. A notable feature […]
It was the first time the Celo mainnet had gone down in more than two years. Proof-of-stake-based blockchain Celo has been suffering from an on-and-off network outage lasting 24 hours, though the blockchain appears to be up and running again now. Celo is an open-source blockchain that enables users with phone numbers to make payments with crypto by using their phone numbers as a proxy for public keys. Celo updated its Twitter followers after the network came back online, noting it was the network’s first outage since the mainnet launch on April 22, 2020, and that it has begun a “thorough....