CRYPTO STARTUP FUNDING
Mudrex launches commission-free product ‘Earn’ for 50 cryptocurrencies
Mudrex launches 'Earn' for passive income on 50 coins, aiming for steady returns without fees. Edul Patel, CEO & co-founder of Mudrex, said the Earn product is already gaining traction, attracting over 5,000 users.
Bitcoin rally and ‘short memories’ reignite everything in crypto
Bitcoin's rally is reviving animal spirits in the financial world, with a surge in deal flow and investments. The crypto market sees a return of bull market hallmarks, including celebrity endorsements and new tokens creation at a rapid pace.
Ethereum ETFs: Why it is a game-changer for mainstream crypto adoption
Ethereum's pivotal role in propelling the mainstream adoption of crypto cannot be overstated. As the market undergoes continuous evolution, Ethereum stands as a cornerstone, guiding the industry toward unprecedented growth and innovation.
Crypto 're-staking' platforms boom as traders chase bigger returns
More than $18 billion worth of cryptocurrency has moved into a new type of platform which offers investors rewards in exchange for locking up their tokens, in a complex scheme that analysts warn poses a risk for users and the crypto market.
Bluestone's unicorn round; Sorin’s Rs 1,350-crore fund
Happy Wednesday! Omnichannel jewellery startup Bluestone is nearing unicorn status with a potential $100-million pre-IPO investment. More on this in today’s ETtech Morning Dispatch.
Recent Crypto funding surge set to transform the Altcoin market in 2024; 5 top Cryptos to watch
Cryptocurrency startup funding surged by 40.3% to $2.4 billion in Q1 2024, while global venture capital investments hit a five-year low. Bitcoin price soared to $73,803 after BlackRock and Fidelity approved bitcoin spot ETFs.
- Go To Page 1
Venture capital funding in crypto rises to $2.4 billion: PitchBook
Funding was spread across 518 deals and rose by 40.3% from the previous quarter, according to data firm PitchBook. Global venture capital investments dropped to a near five-year low in the same period.
Unicorn sightings slump; Tata’s chip exports
Happy Tuesday! Despite deal activity in late-stage startups showing signs of a revival, new unicorns aren’t being birthed. This and more in today’s edition of ETtech Morning Dispatch.
India’s crypto regulations can do with a HODL strategy
As the global crypto asset market progresses, India finds itself at a pivotal juncture. There’s an opportunity to chart a course that delicately balances innovation in this nascent but super exciting sector, together with risk management, while drawing invaluable insights from the regulatory experiences of other nations.
Forget Mumbai or Bengaluru, this city reigns as the cryptocurrency capital of India
Notably, Delhi boasts of 25% of crypto investors, followed closely by Bengaluru with 16%. Mumbai (9%), Hyderabad (8.9%), Chennai (8%), Kolkata, Pune, Lucknow, and Ahmedabad also contribute significantly to the expanding presence of crypto enthusiasts in the country.
Casting an eye on India’s Web3 landscape across crypto, gaming
India has emerged as the fastest-growing adopters of cryptocurrency investments in 2024, as on-chain value received by Indians reached $270 billion in 2024, up 60% year-on-year.
OpenAI removes Sam Altman's ownership of its Startup Fund
OpenAI's VC fund altered governance, separating CEO Altman's ownership. Ian Hathaway now leads, managing investments and accelerator programs. Altman's role clarified post scrutiny on his external investment activities.
Norms for swappable e-bus batteries; Avanse, Subko raise funds
The government is framing rules to enhance interoperability for batteries used in electric buses. This and more in today’s ETtech Top 5.
Bankrupt FTX sells stake in hot AI startup Anthropic
FTX, the bankrupt company once run by disgraced crypto king Sam Bankman-Fried, will sell two-thirds of its shares in hot AI startup Anthropic for $880 million, a court filing said on Monday. The biggest chunk of the Anthropic shares will go to ATIC Third International Investment Company, which is affiliated to the Mubadala sovereign wealth fund in the United Arab Emirates, the court filing said.
Cryptoverse: AI tokens outpace record-breaking bitcoin
Coins linked to AI-focused crypto projects have jumped alongside tech stocks like Nvidia, driven by insatiable investor appetite for applications like machine-learning. The rise of many AI crypto tokens has outpaced even that of bitcoin over the past year as the world's biggest cryptocurrency has surged to record levels.
Cryptoverse: AI tokens outpace record-breaking bitcoin
The rise of many AI crypto tokens has outpaced even that of bitcoin over the past year as the world's biggest cryptocurrency has surged to record levels.
New-age consumer brands pulling in funds, tech no bar; and other top stories this week
At the peak of the funding winter last year, an investor told me that the pace of investment deals will continue to be slow, but the nature of companies grabbing new cash will be different. The next obvious question was: what kind of companies? Consumer brands, the person said.
Core Foundation launches $5M innovation fund to boost India's Web3 ecosystem
Core Foundation announced a $5 million Innovation Fund to advance India's dApp ecosystem on Core Chain. The fund aims to empower Web3 communities, merge Bitcoin's security with Ethereum's flexibility, and boost India's crypto economy. It includes builder meetups, collaborations with Web3 incubators, and an accelerator program.
Is crypto back? What to know about bitcoin’s surge
A major turning point for the crypto industry arrived in August, when a court ruling paved the way for financial firms to offer new investment products tied to the price of bitcoin. The products, called exchange-traded funds, or ETFs, gave investors a way to dabble in cryptocurrencies without owning them directly.
ETtech Deals Digest: Startup funding drops 59% to 12 deals this week
According to data from Tracxn, February saw startups raise $516 million across 82 rounds, versus $551 million across 109 rounds in January.
Blockchain startup Avail raises $27 million in funding led by Peter Thiel's Founders Fund
Blockchain start-up Avail raised $27 million in funding led by Peter Thiel's Founders Fund and Dragonfly Capital. The funds will be used for product development, hiring, and marketing. Franklin Templeton launched a blockchain mutual fund. Regulatory approval for spot bitcoin ETFs could bring more awareness to the industry.
Crypto exchange FTX to sell shares in AI startup Anthropic
FTX invested $500 million in Anthropic in 2021, and currently holds a 7.84% stake in the company, according to court documents. The company had sought permission to sell the shares as part of its court-supervised effort to liquidate its assets and repay customers who lost access to their accounts when the company collapsed in 2022.
Direct tax: Budget expectations from startups, crypto industry
Start-ups have experienced a funding winter lately. Tax benefits may provide a necessary fillip to the industry. The crypto industry has been highlighting the impact that the one percent withholding tax on crypto gains has had on diversion of user traffic to foreign platforms.
Byju’s versus BCCI; Nazara’s fundraise
The company noted that the case contained both law and fact, which could only be settled via arbitration. Counsel for the BCCI, however, denied any negotiations and sought more time to consult with the Board.
New-age firms ride market surge in buoyant week; and other top tech, startup stories this week
On Friday, the 30-stock benchmark index BSE Sensex ended at a fresh all-time high of 72,568 points. In the broader buoyancy of the stock markets, shares of new-age companies Zomato, Nykaa, Honasa Consumer, Paytm, Delhivery and PB Fintech also rose through the week.
Mudrex sees surge in crypto deposits after FIU notices to crypto exchanges
"In the wake of the FIU’s directives, Mudrex saw an influx of crypto deposits. Among the depositors, a majority have invested amounts exceeding $1000, showcasing the platform's appeal to both seasoned investors and newcomers alike," stated Mudrex in a release.
Six crypto startups raise just $2.1 billion this year, down 80% from 2022
After raising more than $20 billion in funding rounds in 2021 and 2022, crypto startups are finding it difficult to get fresh capital these days, according to data presented by AltIndex.com.
ETSA 2023: Nominees for Startup of The Year; Coinbase discontinues services in India
Finally, it’s time to announce the last but most coveted category of The Economic Times Startup Awards 2023: Startup of The Year. A singular focus on innovation and growth is what it will take to lay claim to this title. This and more in today’s ETtech Morning Dispatch.
With trading community turning lukewarm, crypto startups look to rebuild for the future
If the sector is to grow, rather than those solely interested in making a profit, it will need committed users who benefit from those commitments and will stick to them even through a hurricane, say founders.
Load More
