Home Business THESE ARE THE TOP CRYPTOCURRENCY FUNDING AND INVESTMENTS TO BUY IN 2021

THESE ARE THE TOP CRYPTOCURRENCY FUNDING AND INVESTMENTS TO BUY IN 2021

NewTurn.Online has compiled a list of cryptocurrency funding options that you should be aware of.

Cryptocurrency trading has exploded in recent years, owing largely to the rise in the value of Bitcoin. Because other cryptocurrencies, such as Dogecoin and Ethereum, performed well in the market for a long time, many people from all over the world became interested in the cryptocurrency market.

In today’s digital currency world, there are over 1000 cryptocurrencies. While only a few of them have made it to the remarkable cryptocurrency list, others are working hard to increase their pricing and market capitalization. Following the surge in cryptocurrency adoption, many start-ups and businesses began offering cryptocurrency-related solutions.

A significant number of organizations are entering the cryptocurrency market to profit, from cryptocurrency trading to providing protection from crypto-based frauds. This has significantly increased the number of investors willing to invest in such disruptive companies. Cryptocurrency funding has also increased dramatically in recent years. As a result, Analytics Insight has compiled a list of recent cryptocurrency funding that you should be aware of.

Bitwise

The total amount raised was $70 million.
Series B transactions are the most common.
Henry Kravis, Stanley Druckenmiller, and Bridgewater CEO David McCormick are among the key investors.

Bitwise Asset, a well-known cryptocurrency fund manager, has raised US$70 million in a Series B investment round that included a number of institutional investors as well as around 30 individuals from Wall Street and Silicon Valley. Bitwise Asset, one of the most well-known cryptocurrency fund managers, has raised US$70 million in a Series B investment round that included a number of institutional investors as well as over 30 Wall Street and Silicon Valley individuals.

Goldfinch

The total amount raised was $11 million.
Type of transaction: Series A
Andreessen Horowitz is a key investor.

Goldfinch has raised US$11 million in a Series A fundraising round led by Andreessen Horowitz, a venture capital firm. The startup, which is based in San Francisco, focuses on a decentralized protocol that allows crypto to borrow without requiring crypto collateral. Unsecuritized borrowers can profit from decentralized finance thanks to Goldfinch (Defi). The company wants to make crypto lending more accessible, especially to people and businesses in developing nations who don’t have enough tangible assets to meet traditional collateral standards.

Ledger

Amount raised: US$380 million
Series C is the transaction type.
Cathay Innovation, Draper Esprit, and Digital Currency Group are among the key investors.

Cathay Innovation, Draper Esprit, and Digital Currency Group were among the primary participants in a US$380 million fundraising round led by Ledger. The company’s total valuation now stands at US$1.5 billion thanks to the Series C funding. Ledger, which was founded in 2014, sells hardware and software to keep cryptocurrency safe. So far, the company has sold over 3 million hardware wallets and claims that its systems protect around 15% of all crypto assets worldwide.

Pintu

Amount raised: US$6 million
Transaction type: Series A
Key investor(s): Pantera Capital, Intudo Ventures, and Coibase Ventures

Pantera Capital, Intudo Ventures, and Coinbase Ventures led a Series A fundraising round for Pintu, a cryptocurrency marketplace aimed at first-time digital currency buyers. The Indonesian firm is benefiting from the legitimacy of its government’s regulation of Bitcoin and other cryptocurrencies. Pintu makes buying Bitcoin, Ethereum, and other cryptocurrencies easy for first-time investors. Pintu is a licensed crypto assets broker registered with Bappabeti and the Ministry of Communication and Informatics.

Circle

Amount raised: US$400 million
Transaction type: Not disclosed
Key investor(s): Fidelity

Circle, a Coinbase cryptocurrency partner, has raised US$440 million in a new round of funding led by Fidelity and FTX. Circle, on the other hand, refused to provide the parameters of the new financing agreement, including its latest value. The company is now working to improve its USD Coin, a stablecoin backed by the US dollar that was intended to reduce the volatility of the cryptocurrency market. Circle entered bitcoin trading after experimenting with various options such as a payment app, an over-the-counter trading desk, and so on.

Solana Labs

Amount raised: US$314 million
Transaction type: Not disclosed
Key investor(s): Andreessen Horowitz

ICO (first coin offering) In a recent investment round headed by Andreessen Horowitz, Solana Labs Inc raised $314 million. The funds will be used to develop technology for the fast-growing area of cryptocurrency markets known as decentralized finance, according to the company (Defi). Solana, which was founded in 2017, introduced a blockchain network that is quicker and more energy-efficient than Bitcoin or Ethereum.

TRM Labs

Amount raised: US$14 million
Transaction type: Series A
Key investor(s): Bessemer

TRM Labs, a blockchain intelligence firm, has secured $14 million in a Series A round headed by Bessemer Venture Partners. TRM Labs, based in San Francisco, California, assists financial institutions and government organizations around the world in detecting and preventing crypto-related fraud. PayPal Ventures, Jump Capital, and Blockchain Capital were among the investors in the round, according to the business. The disruptive solution provider has experienced a 600 percent boost in revenue this year due to the increased usage of bitcoin assets. The rising demand for crypto-related management and compliance software has played a big role in the price increase.

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