Web3Firewall announces $2.5m pre-seed investment round

Web3Firewall has closed a $2.5m pre-seed investment round led by Laser Digital (Nomura’s digital asset subsidiary) gumi Cryptos Capital (gCC) and SPEILLLP, a member of Susquehanna International Group.

The company has developed an intelligence-driven risk and compliance platform specifically to meet the evolving challenges of companies engaged in blockchain technology and digital assets.

Web3Firewall was founded in 2023 by Dr. Samer Fayssal, who was previously CISO and...

Supply chain technology provider Finboot announces latest funding round

Finboot has completed the first close of its latest funding round to accelerate the next phase of its growth strategy – with a particular focus on enabling companies and their net-zero transition through technology.

This latest funding round has been led by a strategic investor together with Wealth Club. 

Finboot helps its customers and partners accelerate their digital transformation, and by doing so helps them realise value and build trust through leading edge...

Circularise secures SAFE investment from SEKISUI CHEMICAL

Circularise, a blockchain platform for supply chain transparency and traceability, has formed a Simple Agreement for Future Equity (SAFE) with SEKISUI CHEMICAL, a specialist in the plastics manufacturing industry.

This strategic alliance, which involves an investment in Circularise by SEKISUI CHEMICAL, goes beyond financial support. SEKISUI CHEMICAL will enter a joint project with Circularise in a chemicals traceability project, introducing a digital product passport and testing...

nChain partners with Universal Plastic to accelerate sustainable innovation

nChain, a specialist in Web3 solutions, has signed a strategic partnership agreement with Universal Plastic, to achieve common sustainability goals towards ocean protection: regenerating the marine ecosystems by taking out plastic, giving agency to locals by fairly rewarding them for their efforts and making companies act upon their footprint, getting a step closer to the ESGs.

In this partnership, nChain is investing €2,000,000 and acquiring a 20% stake in the equity of...

Venom Foundation launches $1bn web3 fund from Abu Dhabi

Abu Dhabi, UAE

The Venom Foundation, an Abu Dhabi-based blockchain platform, and investment manager Iceberg Capital have unveiled a $1 billion venture fund to invest in web3 and blockchain projects.

The Venom Ventures Fund (VVF) plans to invest in pre-seed to Series A funding rounds with projects focused on decentralised finance (DeFi), payments, asset management, and blockchain gaming.

Venom Foundation is a layer-1 blockchain solution with a focus on “serving the needs of the Middle...

A quarter of students now own cryptocurrency

University students sitting at a table.

One in four (24%) of students are now cryptocurrency owners, according to UNiDAYS, a firm that specialises in offering student discounts.

The study of more than 24,000 UK students also found that a further third plan to buy cryptocurrency within the next three months. The ryptocurreny most commonly owned by students is Bitcoin (26%), followed by Dogecoin (11%), Ethereum (10%) and Ripple (3%).

Almost half (40%) of those questioned expect cryptocurrency to replace...