Connect with us

News

Animoca Brands leads $7M funding round for Param Labs

Param Labs, a leading provider of blockchain-based solutions, has successfully secured a $7 million funding round, marking a significant milestone in the company’s growth and expansion efforts. The funding round, led by prominent venture capital firms, underscores investor confidence in Param Labs’ innovative technology and strategic vision.

Published

on

Param Labs, a leading provider of blockchain-based solutions, has successfully secured a $7 million funding round, marking a significant milestone in the company’s growth and expansion efforts. The funding round, led by prominent venture capital firms, underscores investor confidence in Param Labs’ innovative technology and strategic vision.

The $7 million funding round will provide Param Labs with additional resources to further develop and scale its blockchain solutions, which are designed to address a wide range of industry challenges and opportunities. The company’s innovative approach to blockchain technology has garnered attention from investors seeking to capitalize on the transformative potential of decentralized systems.

Param Labs’ blockchain solutions offer a variety of applications across industries such as finance, supply chain management, healthcare, and beyond. By leveraging blockchain technology, Param Labs aims to streamline processes, enhance transparency, and reduce costs for businesses operating in diverse sectors.

The successful completion of the $7 million funding round is a testament to Param Labs’ strong leadership team, innovative technology, and market potential. With the support of leading venture capital firms, the company is well-positioned to accelerate its growth trajectory and establish itself as a key player in the blockchain industry.

In addition to developing its core blockchain solutions, Param Labs plans to use the funding to expand its team, enhance its infrastructure, and pursue strategic partnerships and collaborations. These initiatives will enable Param Labs to better serve its clients and drive innovation in the rapidly evolving blockchain ecosystem.

The $7 million funding round represents a vote of confidence in Param Labs’ ability to deliver value and innovation in the blockchain space. As the company continues to execute on its growth strategy, investors and stakeholders can expect to see continued advancements and achievements from Param Labs in the coming months and years.

In summary, Param Labs’ successful $7 million funding round marks an exciting chapter in the company’s journey and underscores the growing interest and investment in blockchain technology. With its innovative solutions and strong financial backing, Param Labs is well-positioned to capitalize on opportunities in the dynamic and rapidly evolving blockchain industry.

Business

Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

Published

on

Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

Continue Reading

Business

Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

Published

on

Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

Continue Reading

Business

Hackers are selling counterfeit phones with crypto-stealing malware

Published

on

Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

Continue Reading

Trending

Copyright © 2025 cryptonews.lk