An Indian blockchain company 5ire, recently raised $100 million in a Series A round of funding from UK-based Sram and Mram. The company with a $1.5 billion valuation has suddenly emerged as the latest addition to the Unicorns in India. Notably, Alphabit, Marshland Capital, Launchpool Labs, and Moonrock Capital, four well-known startup investors, each committed […]
An Indian blockchain company 5ire, recently raised $100 million in a Series A round of funding from UK-based Sram and Mram. The company with a $1.5 billion valuation has suddenly emerged as the latest addition to the Unicorns in India.
Well, with this news, it might look like the Indian crypto sector is booming. However, this doesn’t seem to be the case, at least not in the last couple of months. Furthermore, on 1 February 2022, searches for the term “Cryptocurrency” reached an all-time high, with a reading of 100. Since then, most days have seen values between 17 and nine.
Additionally, the fact that crypto exchanges have been mostly shut off from the conventional financial system since mid-April adds to the misery of the Indian investors.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Indian day school settlement claim deadline passes, despite calls for extension | CBC NewsThe deadline has passed for survivors of federal and Indian day schools to apply for compensation in the class action settlement, though individuals can ask to be considered for a six-month extension.
Read more »
Clients of crypto lender Celsius face long wait over fate of their fundsCiting extreme market conditions, Celsius froze withdrawals in June in a move that reverberated through the crypto world and beyond
Read more »
Crypto lender Celsius files for bankruptcyCrypto lender Celsius Network files for bankruptcy
Read more »
Crypto lender Celsius files for bankruptcy after cash crunchCelsius has more than 100,000 creditors
Read more »
Crypto lender Celsius files for bankruptcy after cash crunchCelsius has more than 100,000 creditors
Read more »
Crypto lender Celsius files for bankruptcy after cash crunchCelsius has more than 100,000 creditors
Read more »