Other Cryptocurrencies

Cubist, a security-focused Web3 dev tools provider, has scored $7m in a seed funding round headed by Polychain Capital.

Gyroscope, which stylises itself as the ‘All Weather Stablecoin’ has raised $4.5m in its seed funding round, which was co-led by Placeholder VC and Galaxy.

 Cryptocurrency tax and payroll platform Toku has secured $20m in a funding round led by Blockchain Capital.

The UK’s Financial Conduct Authority (FCA) has made another move to crackdown on crypto ATMs by inspecting several sites in East London.

Divly, a FinTech helping simplify tax declarations for the crypto market, has raised $400,000 in a new fundraise.  

Coinbase has purchased One River Digital Asset Management, a digital asset manager focused on providing clients exposure to digital assets through investment products.  

Redeem, which leverages web3 technology to allow users to send and redeem non-fungible tokens (NFTs), has reportedly raised $2.5m in its pre-seed.

The Reserve Bank of Australia (RBA) has announced a collaboration with the Digital Financial Cooperative Research Centre (DFCRC) on a research project to explore potential use cases of CBDC in Australia.

NeoSwap AI, an AI-powered NFT trading startup, has closed its pre-seed investment round and bagged $2m.

Huma Finance, an income-backed DeFi procotol, has scored $8.3m in a seed funding round led by Race Capital and Distributed Capital.