China News Daily Official TheBitTimes.com

The protocol reached a total value locked of $3.8 billion at its peak. Cross-chain protocol Wormhole has secured a $225 million investment at a valuation of $2.5 billion. According to the Nov. 29 announcement, the investment round was led by Brevan Howard, Coinbase Ventures, Multicoin Capital, Jump Trading, ParaFi, Dialectic, Borderless Capital, and Arrington Capital.  The Wormhole Foundation also announced the launch of Wormhole Labs, which the company says "is an independent technology company that specializes in building products, tools, and reference implementations that help grow cross-chain activity and development." Currently, its blockchain-to-blockchain communications technology is used to bridge assets, power oracle data feeds, and transfer non-fungible tokens. Wormhole was launched in 2021 and has since facilitated over $35 billion in transactions. Developers claim that the protocol processes over 2 million cross-chain messages across more than 30 chains every d...

Crypto payment provider Triple-A has raised $10 million in a Series A funding round led by Peak XV (former Sequoia India and Southeast Asia) and Shorooq Partners. The investments come just a year after Triple-A raised $4 million from Razer’s venture arm zVentures. According to a report by TechCrunch, the Singapore-based firm has also attracted capital from undisclosed existing investors. This brings its total raised volume to $14 million just a year after the firm raised $4 million from Razer’s venture arm zVentures. With the proceeds, Triple-A is planning to expand its offerings in the Middle East, North America, and South America, as well as listing new tokens. As per TechCrunch, Triple-A currently has over 70 employees with offices in Miami, Hong Kong, Paris, and Barcelona. You might also like: Pioneers from Ripple, Mastercard, and Telegram discuss crypto adoption Triple-A’s funding rounds Founded in 2017 by Eric Barbier, Triple-A is offering crypto ...

Decentralization could help bring scientists in underfunded fields and locations to the table without requiring relocation or reemployment The Nature science journal recently published an editorial in its Nature Bioscience section lauding the use of decentralized autonomous organizations (DAOs) as a revolutionary new method by which researchers working in underfunded scientific fields can create communities around their work and raise funding which, otherwise, might not be available. In a DAO-based research scheme, a project’s organization, fundraising, feedback, and pipeline from discovery to product/industry can all be handled by the same decentralized governing body. Per the Nature article, the general workflow would also be streamlined compared to the status quo: “Project proposals are sent to the DAO, and each DAO member is able to vote on whether a particular project should be funded. Members have tokens … to provide support and feedback to new project proposals. Research result...

San Francisco-based firm Paradigm has invested $60 million to support the development of Flashbots’ new Ethereum blockchain transaction packaging software version.  Notably, the series B funding round contrasts with the current trend among Silicon Valley venture capitalists. Flashbots fosters transparency Flashbots, a Cayman Islands-based software provider that bundles Ethereum blockchain transactions, secured funding via “decentralization beauty contest.” This involves selecting investors through reverse pitches. The funding has led to a valuation of at least $1 billion, as confirmed by a Flashbots representative. Since 88% of validators collaborate with entities like Flashbots to receive additional fees, this valuation is expected. You might also like: Flashbots drops new short-term censorship resistance strategy Flashbots specializes in developing software to address the issue of “maximal extractable value” (MEV), referring to the a...

A look at the role played by crypto funds in providing essential capital and liquidity, propelling the growth and expansion of the crypto market. A crypto fund is an investment fund that primarily focuses on investing in cryptocurrencies or digital assets. It allows investors to gain exposure to the crypto market without having to purchase individual coins or tokens themselves. Instead, these funds pool money from multiple investors to purchase various cryptocurrencies, often including Bitcoin (BTC), Ether (ETH) and other popular tokens. Crypto funds can also be categorized based on their investment strategies. For instance, some funds may invest exclusively in Bitcoin, while others may invest in a diverse range of cryptocurrencies or focus on investing in tokens that have promising underlying technology or are backed by established companies. Additionally, some funds invest in crypto-related companies like mining or trading firms. Investors in crypto funds may include high-net-worth...

Blockchain4Youth will provide courses through Bitget Academy and host university lectures on the topic of Web3. On May 4, cryptocurrency derivatives exchange Bitget announced it would allocate $10 million over five years for its novel corporate social responsibility project . Dubbed "Blockchain4Youth," the project will provide Blockchain courses and certifications through Bitget Academy and host campus lectures in partnership with universities worldwide. In addition, Bitget staff wrote: "The platform will also collaborate with other leading blockchain firms to incubate innovative projects by young entrepreneurs and host U30 (Under the age of 30) hackathons to identify the most promising ones." Blockchain4Youth will commence this month with a series of campus lectures on Web3 held in universities across Taiwan, Vietnam and Thailand. Bitget Academy courses will also be available around the same time. The exchange says it is open to partnerships with educators for...