peshkov Nomad, a bridge protocol for moving cryptocurrencies across different blockchains, has lost nearly $200M from hackers in a security exploit. The attack on Monday comes on the heels of a slew of similar high-profile events resulting in increased concerns about the evolving decentralized finance space. “We are working around the clock to address the … Read more
B2B SaaS start-up WebEngage today announced that it raised $20 million in Series B round led by Singularity Growth Opportunities Fund and SWC Global with participation from existing investors India Quotient, Blume Ventures and IAN Fund. The round also saw participation from a few family offices, including the likes of Unmaj Corporation, NB Ventures, Shashwat … Read more
Jim Magats, former PayPal executive who is being named CEO of the startup MX Photo: Tom Cook MX, the startup competing against Plaid to help connect financial institutions and fintech players, is naming PayPal executive Jim Magats its new CEO, CNBC has learned. Magats, a nearly two-decade PayPal veteran who was most recently senior vice … Read more
South Korean crypto investment company Uprise plans to compensate investors for damages incurred during its futures bet on Luna Classic (LUNC) — a token that was built on the ruins of the failed Terra ecosystem. Uprise is making arrangements to compensate 40% of the loss incurred by customers tied to its disastrous short bet on … Read more
India and Singapore-based B2B software-as-a-service (SaaS) start-up ElevateHQ has raised $1.1 million in a pre-seed funding round led by Leo Capital. Other investors who participated in the funding round included Veda.VC, PointOne Capital and 100X Entrepreneurs. ElevateHQ said it would utilise the funds towards acquiring talent, strengthening product and making further inroads in the North … Read more
peterschreiber.media/iStock via Getty Images Chevron (NYSE:CVX) is part of a $250M funding round announced Tuesday for Google-backed TAE Technologies, a nuclear fusion startup with a “non-radioactive approach” that has raised $1.2B in total. Japan’s Sumitomo (OTCPK:SSUMY) also participated in the funding round, and will help TAE bring its fusion technology to the Asia-Pacific region. TAE … Read more