|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Celestia Foundation Raises $100M as Its TIA Token Falls 54%
Sep 24, 2024 at 02:04 am
The news comes as as Celestia's native token, TIA, had fallen 54% since the beginning of 2024.
Celestia Foundation, the organization behind the Celestia blockchain network, announced today that it has raised $100 million in a Series B funding round led by Bain Capital Crypto.
The capital will be used to further the development of Celestia’s modular blockchain technology, which is designed to scale Ethereum by making it possible to store data off-chain.
The foundation has now raised a total of $155 million in funds, and counts participation from IOSG Ventures, HashKey, SNZ, and IOSG Ventures.
Celestia is part of a growing field of modular blockchains, aimed to solve scalability issues with features that enhance the speed or execution of transactions. It is also a provider of data availability, which is pitched as a cheaper alternative to storing data on layer-1 blockchains like Ethereum.
Modular blockchains are a hot topic in the crypto space, as they offer a potential solution to the scalability problems faced by many layer-1 blockchains. Celestia is one of the leading modular blockchain projects, and its technology has the potential to significantly scale Ethereum.
Modular blockchains are still a relatively new concept, and it will be interesting to see how Celestia’s technology develops and is adopted by the Ethereum community in the coming months and years.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- South Africa Traders Fair 2024 Concludes in Johannesburg
- Sep 24, 2024 at 12:45 pm
- The South Africa Traders Fair, organised by FINEXPO, concluded on 21 September 2024 at the renowned Protea Hotel Johannesburg Wanderers, marking a major success.
-
- Internet Computer (ICP), Sui (SUI), and BlockDAG (BDAG) Making Headlines as Cryptocurrency Market Nears Bull Run
- Sep 24, 2024 at 12:15 pm
- The cryptocurrency market may be on the brink of another bull run, and three coins are currently making headlines: Internet Computer (ICP), Sui (SUI), and BlockDAG (BDAG).
-
- Coin Master Free Spins And Coin Links Today September 24, 2024
- Sep 24, 2024 at 12:15 pm
- Coin Master is one of the most popular games that both Android and iOS users can download for free. It is a unique game which requires gamers to build village
-
- $GRT Airdrop Tempest: Weather the Claiming Storm
- Sep 24, 2024 at 12:15 pm
- Did you qualify for $GRT Airdrop?
-
- The Graph (GRT) Token on the Verge of Breaking August Highs
- Sep 24, 2024 at 12:15 pm
- The Graph [GRT] token has performed well since last Monday. Like the rest of the crypto market, the token has registered double-digit price gains.
-
- Coins.ph Expands PHPC Stablecoin to Solana Blockchain
- Sep 24, 2024 at 12:15 pm
- Coins.ph announced that their Philippine Peso stablecoin, PHPC, will be supported on the Solana blockchain, broadening its use cases for remittances, DeFi, and on-chain FX trading.
-
- Aptos Enhances BTC Integrations, Polygon Shows Recovery Signs, BlockDAG Testnet Launch Stuns
- Sep 24, 2024 at 12:15 pm
- Aptos is enhancing its presence with the integration of sBTC, which marries Bitcoin with decentralized finance (DeFi) and gaming sectors.
-
- Limited THETA NETWORK Airdrop — Claim Yours Now!
- Sep 24, 2024 at 12:15 pm
- Everything you need to know about THETA NETWORK Airdrop
-
- The Great Bitcoin Mining Migration: How the US Overtook China as the Global Leader
- Sep 24, 2024 at 11:50 am
- In recent years, the global Bitcoin mining landscape has undergone a dramatic transformation. Once dominated by Chinese miners, the hashrate distribution has shifted significantly.