Chain News by Thebittimes.Com

In conjunction with the $33 million raise, Blockaid said it’s coming out of stealth with customers like MetaMask and OpenSea. Blockaid, a blockchain security startup and partner of the MetaMask cryptocurrency wallet, has secured $33 million funding to scale its technology designed to stop malicious transactions. The Series A funding round for Blockaid was led by major industry venture capital firms, including Coinbase investor Ribbit Capital and the early-stage VC firm Variant. Other funding members included Sequoia Capital, Cyberstarts and Greylock Partners. Announcing the news on Oct. 23, Blockaid also said its security platform is coming out of stealth with its inaugural customers like MetaMask, the OpenSea marketplace, the Rainbow wallet and the Zerion wallet. The startup has formed a strategic alliance aiming to provide security solutions for Web3 applications and protect users from malicious transactions. MetaMask previously disclosed that it was collaborating with Blockaid an...

The lawsuit alleged that these VC firms made many deceptive and misleading statements about FTX while encouraging customers to invest in the exchange for their personal gain. A total of 18 leading venture capital investment firms including the likes of Temasek, Sequoia Capital, Sino Global and Softbank have been named as defendants in a class action lawsuit filed in Miami for their links to now-bankrupt crypto exchange FTX. The lawsuit filed on Aug.7 alleged that these investment firms were responsible for 'aiding and abetting' FTX fraud . The suit claimed that the defendants in the case used their “power, influence and deep pockets to launch FTX’s house of cards to its multibillion-dollar scale”. Snippet of Cabo vs. Temasek Holdings lawsuit. Source: courtlistener.com The lawsuit noted that the FTX cryptocurrency exchange violated several securities laws and stole customers' funds while the defendant VC firms especially the likes of Temasek offered an illusive picture o...

In 2023, GameFi developers should focus on building out quality more than quantity. 2022 was a huge year for the play-to-earn (P2E) gaming scene. An influx of capital and users was followed by a sharp downturn in Blockchain Game token prices and a decrease in players — and the market is still reeling. And, with fallout from the FTX disaster reaching into every corner of the industry, play-to-earn’s prospects seem bleak on the surface. But peeking under the hood, the numbers tell a different story: Strong funding this year has set the stage for serious “buidling” in 2023.  A consistent flow of strong raises for Web3 gaming studios has been silently infusing the market with funding for months. In August, UnCaged studios raised $24 million, contributing to nearly $750 million raised by Web3 gaming studios in that month alone. The momentum continued through September when Revolving Games raised $25 million, and October, when Odyssey Interactive, Stardust and SkyWeaver pulled in $19 milli...

Crypto database shows that most firms are venture capital at 52.8%, followed by hedge funds with 44.3% and then private equity and mutual funds at 2.9%. Despite Venture Capital funding halving in October, there seem to be funds that still remain bullish on this space investing in emerging markets, Web3 and infrastructure. But, most people do not know who these mysterious funds are or what they are made of, or if there is a project starting up, how to get in touch with these funds. That is why Cointelegraph Research created a Crypto Funds Database, which keeps track of a list of nearly 900 different crypto funds from around the world. This database is designed for those looking to keep up with contacts from the movers and shakers within the crypto industry. From general information like founding dates, contact information (with backup contacts as well), size of firms, assets under management (AUM) size and much more, this database provides a great overview with actionable data. The Cr...

Disclaimer: The text below is an advertorial article that is not part of  Cryptonews.com  editorial content. If you follow the crypto industry, you probably heard about Solana’s (SOL) epic rise in 2021. Investors that got in at launch in 2020 could’ve cashed out nearly 44,000% gains at SOL’s peak in November 2021. Of course, we all dream of profits like this, and now there’s a new token that could see the same meteoric ascent .  That token is Metacade (MCADE), and in this article, we’re going to discover what could lead Metacade to become as successful as Solana. What is the Solana (SOL) Platform? Solana is a blockchain platform that uses smart contracts to provide a framework for others to build applications. It’s often compared to Ethereum as one of its main rivals, as their functions are pretty similar. Where Solana differentiates itself, however, is in its transaction speeds and fees. When Solana was first annou...