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Category: News
Industry Recovery Initiative, Backed by 18 Organizations, Has Now Funded 14 Projects

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  • On November 24, 2022, we launched the Industry Recovery Initiative (IRI) as part of our ongoing effort to support the crypto industry after a difficult year.
  • Three months later, the IRI is backed by 18 organizations that have jointly committed $1.1 billion.
  • At the time of writing, IRI participants have funded 14 projects, with another 57 in due diligence. Applications for support from the IRI are still open.

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Banking Crisis Won’t Kill Crypto-Banking Despite Short-Term Pain

From alternative banks to on-chain banking, crypto banking still has plenty of options, experts say.

The crypto ecosystem was built on the belief that no one entity, meaning a bank, should be in charge of one individual’s finances, but until that becomes a reality, traditional banking will likely have to serve as a bridge between centralized finance and decentralized finance.

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Andrei Grachev comments on SVB, Silvergate, and Signature

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  • Insider asked crypto execs and experts where the industry will go after critical partners failed.
  • Markets are at risk of more volatility and less liquidity in the near term, one cofounder said.
  • Others see a bull case for decentralized finance and parking assets in non-custodial wallets.

Crypto is facing a banking problem, with three of the industry's crucial financial partners shuttering in the past week.

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Tonstarter Closes $1.5 million Seed Round as Primary Fundraising Platform for The Open Network (TON)

Tonstarter Closes $1.5 million Seed Round as Primary Fundraising Platform for The Open Network (TON)

Dubai, UAE, March 09, 2023 (GLOBE NEWSWIRE) -- The TON Foundation, a non-profit association of developers and enthusiasts that exists to advance The Open Network (TON), has today announced that Tonstarter, the primary fundraising platform on TON, has closed a seed round of $1.5 million.

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DMCC Crypto Centre and DWF Labs Collaborate to Attract a New Stream of Crypto Firms to Dubai

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  • New USD 5 million growth platform for web3 and blockchain businesses at the DMCC Crypto Centre
  • DWF Labs partnership marks the Centre’s latest partnership with a global web3 leader

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Conflux raises $10 million from DWF Labs in token round

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  • Conflux raised $10 million from DWF Labs.
  • DWF Labs bought the Conflux tokens, which will “linearly unlock over a period of time,” Conflux co-founder Fan Long told The Block.

Conflux, a Layer 1 blockchain developer, raised $10 million from DWF Labs.