Blockchain startup Predicate announces $7 million in financing, with 1kx and others participating
Blockchain startup Predicate has announced the completion of a $7 million financing round, with investors including top venture capital firms Tribe and 1kx. The company was founded by two former employees of the blockchain project Celo, with the aim of helping cryptocurrency companies better comply with regulatory requirements. The company's solution will be provided on the Ethereum and EVM-compatible chains, with plans to expand to other blockchains in the future. Predicate is also collaborating with the recently completed token issuance heavy pledge network EigenLayer to develop an operator community that deploys Predicate technology using proof of stake systems.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
MARA's stock jumps after raising $1 billion via convertible notes to buy more bitcoin
MARA Holdings announced the successful closing of its $1 billion offering of 0% convertible senior notes due 2030.The bitcoin miner plans to allocate around $199 million of the proceeds to repurchase $212 million in principal of its existing convertible notes due 2026. The remaining funds will be used to acquire more bitcoin.
Gold loses luster as institutional demand fuels bitcoin price surge, analysts say
Bitcoin’s 46% surge over the past month, contrasted with gold’s 3% decline, highlights a shifting investor preference toward alternative store-of-value assets, analysts say.Derivatives traders are buying up bitcoin call options ahead of Trump’s inauguration, signaling strong bullish sentiment for the beginning of 2024.
SEC is 'engaging' Solana ETF applicants: report
SEC “engaging” on Solana ETF applications, sparking optimism for potential approval in 2025.VanEck, 21Shares, and Bitwise lead Solana ETF filings amid pro-crypto White House hopes.SOL token rises 4.6% to $247.91, bolstered by Solana’s strong DeFi ecosystem and demand.
Shiba Inu Developer Says SHIB Is No Longer a Memcoin
Trending news
MoreCrypto prices
More
