Blockchain

Blockchain platform CyberMiles has closed its ICO on nearly $30m, in less than a day making it one of the quickest token sales to be completed.

Obligate, which offers blockchain-based regulated debt securities, has reportedly raised $4m in a seed extension.

The Board of the Bank for International Settlements (BIS) is going to open four more BIS Innovation Hub centres across North America and Europe.

Cere Network, a blockchain-based CRM ecosystem platform, has collected $3.5m in its seed round to fund growth of the platform.

Wells Fargo managing director Mike Mayo has claimed he expects automation to eliminate over 100,000 banking jobs over the next five years.

Web3 security provider CyVers has reportedly raised $8m in a funding round led by Elron Ventures.

Last week’s 32 FinTech rounds highlight how Latin America is exploding with new activity, how open banking has nudged closer to being fully adopted across Europe and the rising popularity of teen-focused ventures.

Earlier this month, El Salvador became the first ever country to make bitcoin legal tender, alongside the US dollar. While this may spell good news for those who trade in the cryptocurrency, is El Salvador the first of many countries to legalise bitcoin or will it be a one-off?

Covalent, which aims to bring transparency to blockchain, has reportedly raised $3.1m in its latest funding round.

California-based Blocknative, a web3 infrastructure business, has scored $15m in a Series A-1 funding raise.