Blockchain & crypto news from India
Cryptography researchers from Stanford University are creating a new privacy-based layer-1 blockchain. As per a new press release, the Espresso System project aims to create a blockchain combining ‘proof-of-stake consensus and a [Zero-Knowledge]-Rollup process to achieve low fees and high throughput’. Espresso Systems has already generated $32 million in funding led by Greylock Partners and…
Blockchain-based music streaming platform Audius collected $5 million in a prudent round of funding from some of the prominent names in the music world. Artist investors in Audius include Nas, Katy Perry, Jason Derulo, The Chainsmokers through their Mantis VC, Steve Aoki, Pusha T, Disclosure and Linkin Park’s Mike Shinoda. The platform that avows to…
CoinDCX is now India’s first crypto unicorn after the exchange raised $90 million from investors led by Facebook Inc. co-founder Eduardo Saverin’s B Capital Group. On Tuesday, in an interview, co-founder and CEO Sumit Gupta said that the latest funding round values at $1.1 billion. Other investors include existing partners Polychain Capital, Coinbase Ventures, Jump…