binance labs

Polygon founder raises $50M for emerging markets-focused web3 venture fund

Ethereum layer-two scaling platform Polygon raised $450 million earlier this year in its first major financing round. Now, the protocol’s co-founder Sandeep Nailwal is launching another project,

Crypto, where the fallen seek a fresh start

Welcome back to Chain Reaction. Last week, we talked about privacy in crypto and how it’s sometimes at odds with regulation. This week, we’re covering a larger-than-life founder who is per

What Zuckerberg’s money can’t buy

Welcome back to Chain Reaction. Last week, we looked at Solana’s smartphone and the post-Apple tech industry. This week, we’re looking at a web3 without Big Tech. To get this in your inbox

Formerly rich NFT buyers party through the pain

Welcome back to Chain Reaction. Last week, we talked about infinite pessimism in the crypto markets. This week, we’re talking about parties and tattoos and booze and fun. If you want to get this

The Winklevoss twins rock on

Welcome back to Chain Reaction. Last week, we talked about an arrest in the crypto world that had investors sweating. This week, we’re talking about rocking through the general malaise of a cryp

Binance Labs closes $500M fund to focus on web3 and blockchain adoption

Venture capital firms continue to deploy and raise capital for crypto markets despite volatility in recent weeks, with Binance Labs closing a $500 million investment fund to focus on web3 and blockcha

Former Binance executives launch $100M crypto fund

A group of former executives from Binance, one of the largest cryptocurrency exchanges globally, has created a $100 million venture fund, the team told TechCrunch on Thursday. Old Fashion Research (OF

Open source project Tea is brew2 for web3

Open source code is integral to tech stacks at many large companies, but its authors rarely get recognized — let alone compensated — for their work.  Max Howell claims the package manager

Nym gets $6M for its anonymous overlay mixnet to sell privacy as a service

Switzerland-based privacy startup Nym Technologies has raised $6 million, which is being loosely pegged as a Series A round. Earlier raises included a $2.5 million seed round in 2019. The founders als

Binance Labs leads $1.6M seed round in DeFi startup MOUND, the developer of Pancake Bunny

Decentralized finance startup MOUND, known for its yield farming aggregator Pancake Bunny, has raised $1.6 million in seed funding led by Binance Labs. Other participants included IDEO CoLab, SparkLab

Into Africa: tech leaders weigh in on Jack Dorsey’s planned move to the continent

It’s not every day that the CEO of a large Silicon Valley tech company decides to relocate to a different part of the world in order to learn more about it — particularly when it has been

Terra is an ambitious crypto project to build a stable coin through e-commerce

Four of the world’s largest crypto exchanges are leading a $32 million investment in an ambitious venture out of Korea that’s aiming to develop a new stable coin using e-commerce as the ly