RateCaptain
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us
No Result
View All Result
Subscribe
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us
No Result
View All Result
Rate Captain
No Result
View All Result
Home Cryptocurrency

Cryptocurrency Startups Bagging Hundreds of Millions in Fresh Funding

Rate Captain by Rate Captain
February 2, 2022
in Cryptocurrency, Economics, News, Technology
Reading Time: 1 min read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

AlsoRead

OFIs: CBN sets criteria for enrollment onto credit risk management system

Brazil’s Largest Crypto Exchange Partners With Stellar To Work on a CBDC

BNP Paribas has joined JPMorgan’s blockchain-based network.

Startups in the cryptocurrency space have had a strong start to 2022, with news players in the crypto industry bagging hundreds of millions of dollars in funding despite skepticism of investors about the instability of crypto prices recently.

Various privately-held firms has disclosed big cash infusion in January 2022, the Bahama based  crypto exchange  FTX and its associates in the United Stated who has a valuation of $32 billion and $8 billion respectively, has raised a combined $800 million.

A crypto infrastructure start-up known as Blockdaemon gained $155 million on a $1.3 billion valuation, while Fireblocks, a crypto infrastructure start-up, was valued at $8 billion in a $550 million round as most deal negotiation started In 2021.

Cryptocurrencies and the ventures launched to aid the development of the industry has experienced rapid investment, with blockcain and crypto startups raising a whopping $25 billion in 2021, According to CB insight data, crypto start up grew 800% as venture capitalists invests in tokens and bitcoin.

As the instability of the crypto market continue to persist due to a sharp sell-off, with bitcoin falling by 100% to as low as $33,000 in January. The world’s largest cryptocurrency ended the month down over 18%, marking its worst start to a year since 2018.

Crypto start-ups has seen their market capitalization increase even as public tech stocks saw a pullback. The Nasdaq Composite decreased by approximately 12%.

Previous Post

Nigeria Fails to meet Crude Oil Target as OPEC+ Likely to Maintain Existing Output

Next Post

Revenue of Nigeria’s Biggest Oil Marketing Firms Surge amid Global Supply Crisis

Related News

CBN Advises Nigerian Commercial Banks to Pay more attention to financial transactions linked with Benin Republic

OFIs: CBN sets criteria for enrollment onto credit risk management system

by Rate Captain
May 25, 2022
0

The Central Bank of Nigeria (CBN) has criteria to be met by Other Financial Institutions (OFIs) to qualify for enrollment...

Brazil’s Largest Crypto Exchange Partners With Stellar To Work on a CBDC

Brazil’s Largest Crypto Exchange Partners With Stellar To Work on a CBDC

by Rate Captain
May 25, 2022
0

Mercado Bitcoin and Stellar are joining forces to develop a minimum viable product as part of the Brazil’s efforts to...

BNP Paribas has joined JPMorgan’s blockchain-based network.

BNP Paribas has joined JPMorgan’s blockchain-based network.

by Rate Captain
May 23, 2022
0

French banking giant BNP Paribas (EPA) has joined JPMorgan's (JPM) blockchain-based network for fixed income market trading, according to a...

Tether, USDT market cap has dropped by US$10B since UST collapse

Tether, USDT market cap has dropped by US$10B since UST collapse

by Rate Captain
May 23, 2022
0

Tether, the operator of the world’s largest stablecoin USDT, has seen US$10 billion of its market capitalization shaved off since...

Next Post

Revenue of Nigeria's Biggest Oil Marketing Firms Surge amid Global Supply Crisis

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

IMF Cautions Central African Republic against Adopting Bitcoin

5 cryptos that could strengthen your portfolio in June

May 25, 2022
CBN Advises Nigerian Commercial Banks to Pay more attention to financial transactions linked with Benin Republic

OFIs: CBN sets criteria for enrollment onto credit risk management system

May 25, 2022

Popular Story

  • European Commission Proposes a Halt in Ukrainian Export Duties

    ECB warns that unbacked crypto assets represent a risk to financial stability

    0 shares
    Share 0 Tweet 0
  • For $3 each, a man sells 933 selfies as NFTs, and the collection is now worth millions.

    0 shares
    Share 0 Tweet 0
  • Interpol, Kenya Government Probe Three Nigerian Fintech Tycoons over N128 Billion from Nigeria

    0 shares
    Share 0 Tweet 0
  • Brazil’s Largest Crypto Exchange Partners With Stellar To Work on a CBDC

    0 shares
    Share 0 Tweet 0
  • 5 cryptos that could strengthen your portfolio in June

    0 shares
    Share 0 Tweet 0
Rate Captain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.