China News Today TheBitTimes.com

Bubblemaps, CoinScan, Hinkal Protocol, and Mythic Protocol are among the latest crypto and blockchain funding deals. Crypto startups keep raising capital despite tight liquidity and adverse macroeconomic conditions. September saw major developments in the space, such as Farmville co-creator Amitt Mahajan raising $33 million to create Web3 games, and Animoca Brands disclosing $20 million capital gathered to push forward the development of its Mocaverse platform. In another related development, Block chain Capital closed two new funds in September, with $580 million to be deployed in crypto gaming and decentralized finance projects in the coming months. Cointelegraph’s VC roundup showcases the latest projects raising capital despite the market’s long downward trend. Bubblemaps secures $3.2M for data visualization Data visualization startup Bubblemaps secured 3 million euros ($3.2 million) in a seed funding round spearheaded by INCE Capital. According to the startup, the funding will...

American venture capital investor Tim Draper warned business founders to prepare for "more and more" bank failures if the government continues to "print money and whipsaw interest rates." American venture capital investor and entrepreneur Tim Draper advised founders to keep at least two payrolls worth of cash in Bitcoin (BTC) or alternative cryptocurrencies,in response to the uncertainty created by the collapse of Silicon Valley Bank (SVB). In a March 25 report directed at business founders, Tim Draper stated that Bitcoin is a hedge against a “domino run” on the Banks and on overbearing Government intervention, adding that businesses “can no longer rely” on a single bank or governing body to manage their cash. Some tips for business cash management post SVB. https://t.co/dVEw0EJJyZ #bitcoin #trust #freedom — Tim Draper (@TimDraper) March 24, 2023 Draper suggested that business founders keep at least “6 months of short-term cash" in two separate bank accounts...