Chainalysis Secures $170 Million in a GIC-Led Funding Round

Chainalysis, one of the top crypto and blockchain intelligence firms, has raised $170 million in a Series F funding round. A report unveiled this news earlier today, citing a person familiar with the matter. This funding round doubled Chainalysis' valuation to $8.6 billion. According to the report, GIC, a Singapore-based sovereign wealth fund, led this funding round. The source did not mention other investors in the new funding round. However, it is worth noting that GIC has previously invested in…

Canadian Trucker Convoy Raises $450,000+ Using Bitcoin, Bypassing GoFundMe Restrictions

Tallycoin – a crowdfunding platform built on top of Bitcoin – has amassed over $450k in BTC in support of “Bitcoin For Truckers”. The fundraiser supports the Canadian “Freedom Convoy” that's been protesting against covid restrictions on Parliament Hill for over a week.  The event highlights Bitcoin as a censorship-resistant alternative to GoFundMe, which is reversing $10M in user donations to the same movement.  Bitcoiners Unite With Truckers According to Tallycoin, Bitcoin for Truckers has just passed its fundraising goal…

The Beginner’s Guide to Life Cycle Of an Initial Coin Offering (ICO)

Whenever anyone talks about ICO financing, every crypto enthusiast recalls when Ethereum was launched in 2014 as an ICO project. Ethereum has seen great success since its launch and has been able to compete with crypto giant Bitcoin. Although Ethereum was not the first ICO project, since its launch, there has been an upsurge in ICOs. A Fundera report shows that since 2014, ICOs have raised a cumulative total of $22.5 billion for new projects. The same report shows that…

The Emergence of Crypto IEO: Could 2020 Be the Hottest Fundraising?

In just over a year since it became popular, IEO (Initial Exchange Offering) managed to replace ICOs (Initial Coin Offerings) as the fundraising system of choice for a majority of blockchain enterprises.  In simple terms, IEOs are a token sale that operates through a partner exchange. It's identical to an ICO in almost every way except that investors who can participate in the sale are typically limited to users on the associated exchange. The IEO process kicks off with an…