STEPN impersonators stealing users’ seed phrases, warn security experts

Peckshield, a prominent blockchain security firm, exposed the existence of numerous phishing websites for the Web3 lifestyle app STEPN on Monday. Hackers insert a forged MetaMask browser plugin through which they can steal seed phrases from unsuspecting STEPN users, according to Peckshield. When these cybercriminals obtain the seed phrase, they gain complete control over the […]

A16z Leads $4M Seed Round for Web 3 Recurring Payments Startup

A_capital, Alchemy Ventures, CoinList and angel investors including Lauren Stephanian, Pantera’s Paul Veradittakit, Imran Khan and Nansen’s Alex Svanevik participated in the round, a press release said. Loop incubated with Archetype, according to Steinman. Source link

Binance​.US completes $200M seed round to hit $4.5B valuation

Binance​.US, the American partner of Binance, the world’s largest cryptocurrency exchange by trading value, has completed its first-ever external funding from investors like Circle Ventures. Binance.US has raised more than $200 million in a seed round to reach a pre-money valuation of $4.5 billion, the firm announced to Cointelegraph on Wednesday. Circle’s venture arm Circle […]

Crypto Trading Platform CrossTower Raises $6M in Seed Round

Crypto trading platform CrossTower announced Monday that it had raised $6 million in a seed funding round led by European tech investor Gerard Lopez. CrossTower said its platform supports highly-active order books and tight spreads for crypto-to-crypto trading. Launched last month, users can currently trade nine of the most frequently traded cryptocurrencies on the crypto […]

Polychain Capital, Square Crypto’s Steve Lee Invest in Bitcoin Broker’s $5.7M Seed Round

A slew of investors is backing bitcoin brokerage River Financial to the tune of $5.7 million. Announced Wednesday, the San Francisco-based startup has closed a seed round joined by Polychain Capital, Slow Ventures, Castle Island Ventures, DG Lab Fund, Cygni, Pfeffer Capital and IDEO CoLab Ventures, according to a release from the firm. Several individual […]

Bitcoin Broker River Financial Announces $5.7M Seed Round

San Francisco-based Bitcoin financial services company River Financial announced it had raised $5.7 million in a new seed funding round. In an update posted to the company website on June 17, River Financial stated it had received a $5.7 million investment in a seed round led by Polychain Capital. Slow Ventures, Castle Island Ventures, DG […]

Seed CX to Close Exchange, Focus on Settlements in Company Shift

Crypto derivatives platform Seed CX will be axing its exchange arm to focus solely on settlements. Announced Thursday, Seed CX intends to focus on its Zero Hash product, the company’s custody and settlement service. Zero Hash began offering back-office settlement functions for bitcoin forwards contracts in September of last year. “As a start up [sic], […]

Michelle Phan and Ashton Kutcher Invest in Lolli $3M Seed Round

Michelle Phan, YouTube beauty queen, and Ashton Kutcher are among the investors in Lolli that raised $3 million. The round was led by Pathfinder, with participation from Bain Capital Ventures, Craft Ventures, and Digital Currency Group. E-commerce startup Lolli, which gives online shoppers Bitcoin as rewards for online purchases, has attracted huge investment from a […]

Bitcoin Cash DeFi Startup Raises $1 Million in Seed Round

The General Protocols startup is developing its Decentralized Finance (DeFi) vision on Bitcoin Cash after raising more than $1 million in a seed funding round.  This round of funding allows the Singapore-based team to develop their flagship product AnyHedge on Bitcoin Cash. Anyhedge is an open source derivatives tool that exchanges and OTC desks can […]