Crowdfunding news-Page 3
Bitcoin is great, but real crypto innovation has moved elsewhere
Something is brewing, and those with finely tuned noses can smell it. As traders have come to expect, Bitcoin (BTC) is doing “Bitcoin things” by bouncing around between the usual “key” support and resistance levels, and to be honest, it’s all starting to feel a bit boomerish. Bitcoin’s long-awaited “moon” depended on institutional investor buy-in, breaking the previous all-time high at $19,000 and a set of other firmly held beliefs. Well, all that happened, and the run to $64,900 exceeded many investors’ wildest dreams. But despite this, the entire BTC situation just feels predictable and boring if you are of …
Blockchain / Sept. 18, 2021
Ethereum documentary featuring Vitalik Buterin raises $1.9M in 3 days
The cryptocurrency community is highly anticipating the release of a new documentary about the Ethereum blockchain, with the film’s funding campaign exceeding expectations. A crowdfunding round for the Ethereum-themed documentary, dubbed Ethereum: The Infinite Garden, has surpassed its goal of 750 Ether (ETH), raising a total of 1,035.96 ETH worth $1.9 million as of Friday, the creators announced. And that’s a wrap. 984.16 ETH raised for the film. 31.08 ETH to @gitcoin grants. 20.72 ETH to @Carbonfundorg. THANK YOU to everyone who supported, and congratulations to our new producers. Now let’s go make a movie! See the complete set of …
Decentralization / July 19, 2021
Crypto crowdfunding platform launches DEX for project-specific tokens
Hot on the heels of launching its crypto-powered crowdfunding platform in May, a blockchain firm dedicated to supporting R&D for hi-tech projects is entering the DeFi space with its own decentralized exchange. The core of Tecra’s business is the Tecra Space crowdfunding platform, which supports start-ups focused on technology, innovation and sustainability. It supports them by tokenizing the intellectual property (IP) of these fledgling businesses for small investors interested in backing projects that can do well while doing good. Each project supported by Tecra Space offers its own tokens, which can be purchased with Ether, Tether stablecoins and TecraCoin (TCR) …
Blockchain / May 24, 2021
Kusama (KSM) price hits new highs as parachain auctions begin to take shape
Major protocol upgrades are one of the most potent sources of price movement for cryptocurrency projects as community members and investors get excited about new features and traders rush in to “buy the rumor and sell the news.” One protocol that has seen its price rise to new heights this week, despite the overall bearish conditions affecting the market, is Kusama (KSM), an experimental blockchain platform and a sister chain to Polkadot’s platform. Kusama is designed to provide an interoperable and scalable framework for developers. Data from Cointelegraph Markets Pro and TradingView shows that after dropping to a low of …
Markets / May 14, 2021
DeFi Money Market closure after SEC probe could set rocky precedent
The SEC’s recent inquiry into the Tim Draper-backed DeFi Money Market platform is the most recent example in a concerning trend of increasing action by regulators against unregistered securities. As a result of regulatory inquiries, DMM is ceasing operations. mTokens can be redeemed with interest accrued to-date through the following link: https://t.co/mWB1WacKaH — DMM DAO (@DMMDAO) February 5, 2021 It joins Kik Interactive, Ripple and Coinseed as crypto projects facing the wrath of regulators under aspects of securities law. The mystery behind DeFi Money Market’s abrupt closure on Feb. 5 was unveiled in the project’s official Telegram channel on Feb. …
Regulation / Feb. 19, 2021
How crypto can make starting a business faster and cheaper
The coronavirus pandemic has shaken up the world of work — igniting an entrepreneurial spirit in the hearts of thousands. A recent article in The Wall Street Journal claimed that applications for new U.S. businesses have been rising at the fastest rate since 2007. But one crypto-focused company says aspiring business owners face a big problem: The current solutions for getting their ideas off the ground are slow, expensive and centralized. Ideaology’s goal is to bring everything that a budding entrepreneur would need under one roof — and the organization has the ambitious target of reaching 100,000 people this year. …
Blockchain / Jan. 21, 2021
Move over, Kickstarter: NFTs are the newest way for indie games to fundraise
On December 6th, just two days after the start of a NFT-backed “card pack” sale for their blockchain-based video game Alien Worlds, the 15-man team behind development studio Dacoco sold out of packs after having successfully raised $250,000. While a quarter million might seem like a pittance in a world where a single NFT critter can fetch six figures and more established games like The Sandbox and Decentraland routinely raise millions, for a smaller studio it’s the kind of raise that can ensure success for a project — and, according to Play To Earn editor-in-Chief Robert Hoogendoorn, the unique set …
Blockchain / Dec. 20, 2020
New blockchain platform vows to shake up startups with ‘collabvesting’
A project with big ambitions to become the biggest blockchain ecosystem in 2021 and beyond is building a platform where companies can discover talented freelancers, entrepreneurs can develop business ideas through crowdfunding, and passionate investors can get involved with startups they believe in. Ideaology says it is creating Active IDEA because there is an urgent need for a productive, digitally focused, self-sustaining environment where businesses can be nurtured and careers can thrive. In time, it’s hoped that aspiring businesspeople will be able to turn their vision into reality with the help of a community who can offer financial support, advice, …
Blockchain / Dec. 1, 2020
Polkadot reveals ‘initial parachain offerings’ to counter traditional IPOs
Much of the current blockchain ecosystem has been built around traditional concepts. Therefore, it’s not surprising to see crowdfunding mechanisms tailored specifically for blockchain projects that resemble initial public offerings. For example, in 2017, the blockchain space witnessed the rise of initial coin offerings, and while the ICO framework quickly attracted billions of dollars in venture capital, the approach was flawed, as any investor could participate by sending cryptocurrency to a project that had nothing to show for in terms of proof but a website (and sometimes a white paper). Unsurprisingly, many ICOs turned out to be fraudulent, resulting in …
Technology / Oct. 6, 2020
Celsius Network raises more than $20M via equity crowdfunding
Blockchain-based lending platform Celsius (CEL) Network has raised $20.17 million from more than 1,000 investors with one day to go in its recently extended crowdfunding offering. The most recent extension occurred long after passing the $17 million ‘target’, which itself was a substantial increase on the original $10 million to $15 million target. Celsius trumpeted it’s $10.7 million raised from 39 investors on the first day of the offering, but it then took 44 more days to raise the next $10 million. It emerged that Tether had tipped in $10M. Celsius founder and CEO Alex Mashinsky announced several extensions since …
Blockchain / Aug. 27, 2020
A Community-Governed DeFi Platform Makes Crowdfunding Decentralized
Mantra DAO, a community-governed Decentralized Finance (DeFi) platform with a focus on staking, lending, and governance, has announced it has finished its initial membership offering on August 16. In total, the project has raised $5.9 million. To make the crowdfunding more decentralized and prevent large investors from having too much control of the secondary market, Mantra DAO said it signed a digital Simple Agreement for Future Tokens, or SAFT, after completing know-your-customer activities with every single retail investor. SAFT is an investment contract offered by cryptocurrency developers, normally only to accredited investors. However, the project tells Cointelegraph that it is …
Decentralization / Aug. 16, 2020
Flipstarter Campaign Launched to Create Viral BCH Videos for Normies
Bitcoin Cash (BCH) advocate and CEO of BitcoinBCH.com, Hayden Otto, has launched a fundraising campaign to create viral videos promoting BCH to mainstream audiences — after failing to win over crypto converts to the cause. The last video produced by Otto garnered more than 100,000 views across various social platforms. He was also behind a controversial viral video last year showing a Bitcoin double spending exploit of the Binance-backed TravelbyBit payment network The campaign aims to raise 650 BCH (nearly $180,000) and has garnered 192.52 BCH (roughly $53,000) in donations already in the first 48 hours. The campaign is hosted …
Business / Aug. 12, 2020