The History and Evolution of Ethereum: From ICO to Enterprise Adoption
A decentralized, open-source blockchain technology called Ethereum enables programmers to create and use decentralized apps (dApps). Since its creation by Vitalik Buterin in 2015, it has grown to rank among the most well-liked and widely utilized blockchain systems around. We'll examine Ethereum's development and history in more detail in this post, from its initial coin offering (ICO) to its...
The future of Ethereum’s scalability: Layer 2 solutions
Introduction Ethereum, the world's second-largest cryptocurrency by market capitalization, is facing a scalability problem. As more users and applications are added to the Ethereum network (ETH), the amount of data that needs to be processed and stored is increasing exponentially. This has led to slow transaction times and high fees, making it difficult for Ethereum to be used as a...
The Future of Crypto Swaps: Emerging Trends and Technologies
Since more investors are looking to invest in digital assets, cryptocurrency swaps have become more and more popular. One cryptocurrency may be traded for another in a crypto swap, either through a centralized exchange or a decentralized exchange (DEX). As new trends and technologies continue to change the scene, the future of crypto swaps appears bright. If you wish...
The Consequences of Not Paying Crypto Taxes: Understanding the Risks and Penalties
Introduction Cryptocurrency has gained significant popularity in recent years, and it has become a preferred mode of payment and investment for many individuals. However, just like any other investment, it is subject to taxation. Failure to pay crypto taxes can lead to significant consequences, including legal penalties, interest and penalties on unpaid taxes, and audit and investigation by tax authorities....
Connecticut-based maritime transport startup ThayerMahan raises USD 30 million in Series C funding
Groton, Connecticut, April 13, 2023 — Leading autonomous marine surveillance technology provider ThayerMahan concluded a USD 30 million Series C investment, with the MC2 Security Fund as the primary investor (MC2). In addition to AE Industrial Partners, Hegemon Capital, and a subsidiary of RiverPark Ventures, other prominent new investors in the round include I Squared Capital, Ducenta Squared Asset...
New York-based computer products startup NetBox Labs raises USD 20 million in Series A funding
BOSTON -April 14, 2023 - With the USD 20 million Series A fundraising of NetBox Labs, which assists businesses in constructing and managing complex networks, Burns & Levinson represented client Flybridge Capital as the leading investor. The investment, which was disclosed on April 11 and was headed by Flybridge, included contributions from the Founder Collective, IBM, the CEO of...
Texas-based semiconductor startup EnergyX raises USD 50 million in Series B funding
AUSTIN, Texas and DETROIT, April 11, 2023 — General Motors Co. (NYSE: GM) and Energy Exploration Technologies Inc. ("EnergyX") announced a strategic partnership to advance EnergyX's lithium extraction and refinery technology as well as the fact that GM Ventures is leading a USD 50 million Series B investment round in EnergyX. The cooperation aims to employ EnergyX's cutting-edge technology...
Denver-based consumer administration startup Elevate raises USD 8 million in funding
April 11, 2023 — DENVER, Elevate, a well-known platform for consumer-directed benefits administration, revealed that it has received USD 8 million for growth. In addition to Fin Capital and preexisting investors Norwest Venture Partners, Greycroft, Bowery Capital, and Firebolt Ventures, the round, which Anthemis led, also received funding. With this capital, Elevate will further develop its cutting-edge capabilities, including...
Switzerland-based Alentis Therapeutics raises USD 105 million in Series C
Basel, Switzerland-based clinical-stage biotech developing breakthrough treatments for organ fibrosis and Claudin-1 (CLDN1) positive tumours, Alentis Therapeutics, raised USD 105 million in Series C. The round took place on April 13, 2023. Jeito Capital, together with Novo Holdings A/S and RA Capital Management, led the financing for the firm. Meanwhile, BB Pureos Bioventures, Bpifrance via its InnoBio 2 fund...
Teamworks raises USD 65 million in Series E and acquires Arms Software
North Carolina, USA-based, enterprise SaaS company serving elite sports and tactical organizations globally, Teamworks raised USD 65 million in Series E. The round took place on April 12, 2023. San Francisco-based, growth-oriented investment firm Dragoneer Investment Group led the financing for the company. In addition, the company acquired USA-based Arms Software. The latter empowers more than 400 collegiate athletic departments...
