📈A quick review of the seventh-largest #crypto exchange Ripple(XRP) with a present market cap of 16.23 bn.

🔸#Ripple is the #blockchain-based digital payment network and protocol with its own cryptocurrency called XRP serving over 3 mn users worldwide.

🔸Founded by Chris Larsen and Jed McCaleb in 2012 in San Francisco.

🔸Ripple’s net sales have increased from $491 mn (Q3 2021) to $717 mn (Q4 2021) and recorded a #revenue of $110.6 mn in FY 2021.

🔸Currently, it has a circulating supply of 45.40 bn #XRP tokens and a max supply of 100 bn XRP tokens.

🔸Ripple’s offerings include Cross-border payments, #CBDC solutions, On-demand Liquidity services, and much more.

🔸To launch the On-Demand Liquidity payment service in Brazil, Ripple partnered with Travelex and plans to open up even more payment avenues in the coming months.

🔸Ripple has raised $293.8 mn in #funding over 14 rounds and has made 25 #investments.

🔗 Read More : https://www.linkedin.com/feed/update/urn:li:activity:6968887644621590528

📈 Read about #FTX - One of the largest crypto exchanges globally handles 11% of the $2.4 tn in derivatives trading monthly.

🔸With 5+ mn active users, FTX has seen a 1500% increase in registrations in 2021.

🔸Founded by Gary Wang and Sam Bankmanand Fried in May 2019.

🔸Currently, FTX supports 300+ cryptos, 499 trading pairs, and 11 fiat currencies.

🔸#FTT (FTX’s native token) is used as collateral in futures trading and staking which has a circulating supply of 134.33 mn and a total supply of 345 mn.

🔸FTX’s daily trading volume was $10 bn and a market cap of $32 bn as of Feb 2022.

🔸Made #Partnerships with IndiGG, and AZA Finance to enter Indian, African, and European markets.

🔸FTX’s offerings include spot & margin trading, OTC trading, futures, NFTs, and a mobile app.

🔸Raised $3.7 bn in 7 #funding rounds and made 20 #investments.


🔗Read More : https://www.linkedin.com/feed/update/urn:li:activity:6971050506601324544

🌐How #Chainlink become the top decentralized oracle network in almost every #cryptocurrency project?

🔸Nearly 1000s of applications use Chainlink every day!

🔸Founded by Sergey Nazarov and Steve Ellis in June 2017 in the Cayman Islands.

🔸Offers tamper-proof inputs, outputs, and computations to access #smart contracts on any #blockchain.

🔸#Link is the native coin of Chainlink used to pay node operators for providing data to smart contracts.

🔸Presently, it has $453 mn Link tokens in circulation and a maximum supply limit of $1 bn link tokens.

🔸Many #Defi projects, like Aave, Compound, and dYdX, formerly use Chainlink, and it recently became the first #EVM substitute to run on the Solana network.

🔸Raised $32 mn in 4 #funding rounds and recently made an #investment in DLC. Link’s Pre-seed round.

🔸Multiple top businesses have integrated Chainlink including GSR, Cardano, and Elwood Technologies.

🔗Read More: https://www.linkedin.com/feed/update/urn:li:activity:6972903322357813248

🌐How did #Polygon become the first to address the major issues associated with #Ethereum?

🔸Do you know? More than 19,000 #Dapps are using Polygon and can process up to 72K transactions per second on each side chain.

🔸Polygon is the decentralized Ethereum scaling platform to create & collaborate with Dapps.

🔸Founded by Anurag Arjun, Jaynti Kanani, Mihailo Bjelic, and Sandeep Nailwal in 2017.

🔸#Matic is a polygon’s native token used to manage and secure the network by staking and interacting with dApps.

🔸As of Apr 2022, Matic was the 18th largest #crypto asset with a market cap of $11.3 bn.

🔸Polygon’s offerings include Zk-based ID platforms, Nightfall solution, wallet, API, Bridge widget, and Bridge API.

🔸Raised $451.5 mn in 7 #funding rounds and made 15 #investments in businesses including Mighty Bear Games, Optic, and Fanclash.

🔗Read More: https://www.linkedin.com/feed/update/urn:li:activity:6973247426363097088

📈Are you willing to start and enjoy crypto trading, consider #Huobi, one of China’s top 3 #crypto exchanges and top 9 worldwide?

🔸Founded by Jun Du and Leon Li in 2013 in Seychelles.

🔸Huobi’s #offerings include Spot trading, P2P trading, Futures, Options, Margin, OTC market, staking, Huobi earn, a mobile app, wallet, and mining pools.

🔸Huobi's #revenue as of July 2022 was $110.1 mn, an increase of 0.18% from June 2022's $91.7 mn.

🔸Integrated #Pyth network, an oracle solution to offer financial data (Price feeds) for its Defi ecosystem.

🔸Raised $2 mn in 5 #funding rounds and has made nearly 35 #investments.

🔸Acquired 3 organizations; Bitex, BitTrade, and Huobi technology.

🔸Recently partnered with Chiliz to launch Fan Token Zone, and also hosted a special PrimeBox event with a 2 mn USDT prize pool.

🔗Read More: https://www.linkedin.com/feed/update/urn:li:activity:6974992891874082816

🌐Have you heard? Employees can get paid in #cryptocurrencies!

► With ZenGo apart from having the most secure #wallet, users can even earn up to an 8% yield on their #crypto holdings.

► Founded by Gary Benattar, Omer Shlomovits, Ouriel Ohayon, and Tal Be'ery in July 2018 in Tel Aviv, Israel.

► #ZenGo’s offerings include a crypto wallet, crypto card, lending, and #Ethereum staking.

► Raised $48 mn in 4 #funding rounds and some of the lead investors were Insight Partners, Samsung Next, and HashKey Capital.

► Let’s have a glance at the PPT slides for an in-depth idea.

🔗 Read More: https://www.linkedin.com/feed/update/urn:li:activity:6975445620685770752

📈 Do you know? Kraken Digital Asset Exchange was among the first few #crypto exchanges to offer spot trading, derivatives, and index products.

🔸 Ranked 4th largest crypto #exchange based on traffic, liquidity, and trading volumes.

🔸 Nearly 1000% increase in sign-ups in 2021! Over a $207+ bn quarterly trading #volume!

🔸 Founded by Jesse Powell in July 2011 in California.

🔸 Nearly 185+ cryptos, 130+ #trading pairs, and 7 fiat currencies are available for trading.

🔸 Kraken's #revenue in FY 2021 was $25.7 mn, more than 100% growth compared to 2020.

🔸 Kraken’s offerings include margin trading, staking, futures, OTC, proof of reserves, #KrakenPro, #CryptoWatch, and API.

🔸 Recently, RAKBANK partnered with #Kraken to revolutionize crypto trading in the UAE.

🔸 Raised $132.6 mn in 15 #funding rounds from 2B Global Capital, VentureGarage, and others.

🔗 Read More : https://www.linkedin.com/feed/update/urn:li:activity:6976898421060222976

🚀 Do you know? 1 out of every 4 crypto holders is with KuCoin Exchange! Are you also the one?

🔸 The number of transactions per day on #Kucoin exceeded $11 bn.

🔸 KuCoin is the top 6 #crypto exchange with a 24-hr trading volume of $979. 19 mn.

🔸 Founded in Sep 2017 by KuCoin Micheal Gan and Kent Li.

🔸 Kucoin’s offerings include spot & margin trading, P2P trading, Futures, #Staking, NFT marketplace, #Kucoin wallet, an app, etc.

🔸 The first Centralized Exchange to launch an #NFT ETF trading zone to support #Blue-Chip NFT Investments.

🔸 Attracted 6 mn new users from Asia, the Middle East & Africa, and Europe in Q1 2022, nearly 491% YOY user growth.

🔸 Made #partnerships with Talos, Coinrule (YC S21), Fanz, and Bit.Country & Metaverse.Network.

🔸 Raised $180 mn in 3 #funding rounds from SIG, Jump Crypto, Circle, IDG Capital, and more.

🔗 Read More: https://www.linkedin.com/feed/update/urn:li:activity:6977607929159974912

🚀 Here is the Bitstamp review, the 10th largest #crypto exchange by spot trading with a daily trading volume of $293.05 mn.

▪️ Founded in Aug 2011, one of the longest-running crypto #CEXs serves about 4 mn users across 100+ countries.

▪️ #Bitstamp’s founders are Damian Merlak and Nejc Kodrič.

▪️ Users have access to 78 cryptos, 170+ #trading pairs, and 3 fiat currencies.

▪️ Bitstamp’s #revenue as of July 2022 was $46.4 mn and in 2021, saw a 6.6% increase in total revenue from $51.89 mn to $55.35 mn.

▪️ Bitstamp's offerings include a #Desktop interface, #Mobile app, Bitstamp #Earn, #API connectivity, etc.

▪️ Bitstamp has raised $12.4 mn in 2 #funding rounds and has made 3 investments including Thalex.

🔗 Read More : https://www.linkedin.com/feed/update/urn:li:activity:6980871710321381376

🌐 Owning #Crypto is not a big deal; however, keeping it safe from hackers is.

🔹 Check out Ledger, one of the Top five #hardware crypto wallets, which is also recommended by Forbes, Bloomberg, and TechCrunch.

🔹 Offers Ledger Nano S Plus, Ledger Nano X, and Ledger Live app to store and secure crypto assets offline.

🔹 With 4 mn users and a #valuation of $1.5 bn, Ledger hit $20.7 mn revenue in FY 2021.

🔹 Raised $468 mn in 7 #funding rounds and has made 3 investments including Flowdesk, Kaizan, and Starton.

🔗 Read More: https://www.linkedin.com/feed/update/urn:li:activity:6993435364208123904

After starting out hot, 2022 proved to be a challenging year for the crypto industry, with the May collapse of #Terra triggering what analysts have deemed the latest #Cryptocurrency Winter.

Global #funding for VC-backed crypto #startups dropped from $8.8 billion in the first quarter of 2022 to $6.2 billion in the second quarter to around $3.4 billion in the third quarter.

Here is the list of the biggest #crypto fundings of 2022

As per CoinDesk data, Last month, private crypto startups saw a significant decline in venture capital and other investments, totaling $548 million compared to $6 billion in January 2022.

The number of transactions also declined from 166 to 62. The report reveals that most of the deals in 2023 were for early-stage companies with smaller investments.



#Crypto #Funding #DeFi #CeFi #Web3 #Investment

The landscape of crypto unicorns is more dynamic than ever!

Here's a snapshot of the top 10 giants leading the charge in the blockchain and cryptocurrency space in 2023, as presented by CoinPedia.

From exchange platforms to security services, these unicorns are redefining the financial frontier with impressive valuations and substantial VC backing.



#Unicorns #Blockchain #Crypto #Web3 #Coinpedia #Funding

#NibiruChain raises $12 million in #funding round, attracting significant investment from major backers. #CryptoNews

Funding aimed at rapid growth, enhancing developer tools, expanding versatility, and solidifying position in industry.
https://coinpedia.org/news/protocol-village-nibiru-chain-made-it-to-12-million/

#Bakkt Holdings, Inc. expresses confidence in operations despite SEC filing concerns about #funding. #cryptoNews

Bakkt emphasizes transparency, compliance, and commitment to clients, plans detailed #financial insights in upcoming earnings announcement.
https://coinpedia.org/news/bakkt-expresses-confidence-to-continue-business-despite-financial-uncertainty-in-previous-sec-filing/

Treasury Department official challenges Senator Warren's anti-#crypto narrative, citing flaws in terrorist #funding claims.

Senator Lummis opposes overregulation, warns against historic mistakes in crypto legislation based on flawed data. #CryptoNews
https://coinpedia.org/news/treasury-official-discredits-sen-warrens-crypto-terrorism-claims-undermining-legislative-efforts/

#Bitcoin breaks $63K, triggering short-liquidations; funding rate rises, signaling #bullish sentiment among traders.

Market cautious as history shows high #funding rates precede significant price drops; eyes on U.S. macroeconomic data.
https://coinpedia.org/price-analysis/bitcoin-funding-rates-surge-on-dydx-and-deribit-following-63k-breakout-will-bulls-avoid-a-top/