Ethereum News Daily Official TheBitTimes.com

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Pepe Unchained ($PEPU) achieved a major milestone by reaching $8 million in funding on Saturday. Since then, the project has added another $310,000 to bring its total funds raised to $8.31 million on Monday. The next target of $9 million is in sight and $PEPU has all the momentum it needs – which all the market downturns this year have not been able to stop –  to surpass this target by the end of the week. In a recent update on X (formerly Twitter), Pepe Unchained announced that its Layer 2 solution on Ethereum is approaching launch. While this is positive news, it may also suggest that the project’s capital-raising efforts are possibly nearing completion, as its website states that the chain will go live once the presale ends. Once the presale concludes, it may become difficult for investors to acquire $PEPU at its current rate. However, since there is no official confirmation yet, there is still an opportunity to purchase tokens at a disc...

Backed Finance AG, a leading issuer of tokenized real-world assets and tokenization services, announced a successful Series A funding round, having secured $9.5 million.  Led by Gnosis, the funding round attracted both existing and new investors including Exor Seeds, Cyber Fund, Mindset Ventures, Stake Capital Ventures, Blockchain Founders Fund, Blue Bay Capital, and Nonce Classic. Backed brings traditional finance to blockchain The funding highlights Backed’s mission to bring traditional finance (TradFi) to the blockchain. Picks for you Crypto traders lost $100 million in 4 hours as the market crashed 35 mins ago Promising Ethereum tokens to invest in May 2024 47 mins ago Cardano price prediction after whale activity explodes 1 hour ago Professional trader warns of ‘catastrophic’ market crash and crypto lows 1 hour ago round ed-md layout-adjustment"> Adam Levi, Backed co-founder, expressed excitement about the investment round , stat...

Amid a crypto downturn, startup Bastion successfully garners $25 million in a funding round spearheaded by a16z crypto, aiming to ease blockchain use for conventional businesses. Bastion, a startup supported by Andreessen Horowitz’s crypto arm, a16z crypto, emerges from stealth mode. Co-founded by Riyaz Faizullabhoy and Nassim Eddequiouaq — former chief technology and chief security officers at Andreessen Horowitz’s crypto division — Bastion recently raised $25 million in a funding round . 1/ After months of building in stealth mode, we are ready to introduce ourselves and announce our $25M fundraise led by @a16zcrypto. We are Bastion, and we are here to help brands and businesses build a digital world that people actually want to live in pic.twitter.com/mZPCxo1yRl — Bastion (@BastionPlatform) September 18, 2023 Notably, this fundraising comes amidst a bear market for digital assets. “It was clear that even as crypto came back down into another bear market, this ti...

The venture capital firm will allocate up to $200,000 to blockchain projects that it deems promising. On May 24, Singaporean venture capital firm Foresight Ventures announced that it would pledge an additional $10 million to its Foresight X Accelerator, bringing its total to $20 million. The move comes as the firm opens the second phase of accelerator applications, which will focus on Web3 projects building in the artificial intelligence (AI), zero-knowledge (ZK), machine learning, Bitcoin (BTC), liquid staking derivatives, and nonfungible token ecosystems. Previously, Foresight earmarked $10 million for its accelerator , which launched last November. In its first phase, Foresight focused on 30 companies from its Web3 project pool, providing an investment of $50,000 to $200,000. As the accelerator moves into its second phase, Foresight will allocate $200,000 to each selected project and assign up to three mentors and one fund partner from the VC firm to provide practical guidance...