Andreessen Horowitz launches $4.5 billion crypto fund. Audi to launch NFT. Portugal will not apply taxes on Bitcoin.
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Recap of the Week
Portugal will not apply taxes on Bitcoin or any cryptocurrency
Andreessen Horowitz launches $4.5 billion crypto fund
World Bank won’t support Central African Republic’s crypto hub to adopt BTC
Polkadot launches $250M stablecoin fund
UK’s Wembley Stadium adopts blockchain ticketing
eBay drops its first NFTs
Audi to launch NFT
Terra will revive the failed Luna cryptocurrency but not the UST coin
Singapore venture firm NGC launches $100M Web3 and metaverse fund
Brazil requires citizens to pay taxes on like-kind crypto trades
Wembley Stadium adopts blockchain ticketing
Latest Funding Rounds in Crypto
SingularityNET raises €23.6M · Founded in 2017 · Netherlands
SingularityNET is a decentralized marketplace for AI algorithms.
The funds will be used to adopt AI tools, accelerate product roadmap, support decentralized AI growth, and scale the ecosystem.
Round led by LDA Capital Limited.
Babel Finance raises $80M in Series B · Founded in 2018 · Hong Kong
Babel Finance is a global cryptocurrency financial services provider serving institutional and HNW investors.
The firm claims to have 500 clients and a loan book of $3 billion.
Babel Finance plans to expand globally, especially in the UK, Latin America and North America.
The round, that values the company at $2 billion, was led by Jeneration Capital, 10T Holdings and others.
ZenLedger raises $15M in Series B · Founded in 2017 · US
ZenLedger is an analytics startup that simplifies crypto taxes for governments, investors and tax professionals.
The company supports more than 500 exchanges, 50 blockchains and 40 DeFi protocols. The revenue has grown 5x from last year.
The funds aim is for launching new tailored products and expanding its team.
Led by ParaFi Capital, with contributions from Three Point Capital, King River Capital, G1 Ventures and many others.
Ocean Protocol raises $5M in Seed Round · Founded in 2017 · Singapore
Ocean Protocol is a decentralized data exchange protocol that lets people share and monetize data.
The $5 million investment will be spread out across 20 projects over 24 months, to build a new Data Economy.
Led by Cypher Capital.
Acquisitions
Headline acquires AlgOptions
Terms were undisclosed
Headline is a Texas-based fintech startup and media company with a built software on the Algorand blockchain.
AlgOptions is a permissionless, decentralized option protocol for ALGO and Algorand Standard Assets.