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Elliptic, a blockchain analytics company, raises $60M in Series B

Venture capital funds and other investment institutions continue to pour money into the blockchain sector A statement released on Monday confirmed that London-based crypto analytics and insight firm Elliptic had closed a $60 million Series C funding round led by Evolution Equity Partners. Two of Europe’s most prominent investors in technology, Octopus, and AlbionVC participated…

Venture capital funds and other investment institutions continue to pour money into the blockchain sector

A statement released on Monday confirmed that London-based crypto analytics and insight firm Elliptic had closed a $60 million Series C funding round led by Evolution Equity Partners. Two of Europe’s most prominent investors in technology, Octopus, and AlbionVC participated in the round. SoftBank, Digital Currency Group, Wells Fargo and Digital Currency Group were also present.

“As announced in the Wall Street Journal today, we have closed a $60m Series C funding round. The round is a milestone and a recognition of our critical role in the crypto ecosystem,” a blog post by CEO Simone Maini read.

The post also pointed out that the funding would be invested in expansion efforts, with a portion directed into research and development. These areas are crucial for Elliptic in adapting to the growing crypto space and providing service to institutional customers. Elliptic stated that it strives to be ahead in accuracy and scale, as well as reliability.

Maini recognized the recent funding round as a result the analytics firm’s contributions to the crypto industry. The chief executive told Reuters that Elliptic’s efforts played a critical role in the ecosystem’s growth and in enhancing the adoption of digital assets.

“Without really robust basic insights and tooling that can help facilitate financial crime, protection and risk management, it’s really hard for these businesses to be able to embrace the opportunity,” she noted.

Richard Seewald (the founder of Evolution Equity Partners) also recognized Elliptic’s role as a safe adoption of crypto within a digital world and said that the funds would increase the reach of the analytics company.

” Elliptic has raised more funds to expand its market-leading crypto asset risk management services to financial institutions, businesses and regulatory authorities all over the globe. “

The blockchain intelligence company provides transaction analytics to traditional financial institutions, FinTech companies and government agencies. It also provides risk management services to crypto companies. Since its inception eight years ago, Elliptic has served over 100 customers.

Financial crime compliance is becoming more important. Neil Cunha Gomes from SoftBank Investment Advisers says that Elliptic’s early entrance into the space has allowed it to gain trust from financial institutions. Elliptic, according to him, is well-positioned to facilitate crypto adoption.

Several other crypto analytics companies have been growing through funding in recent weeks. In June, Chainalysis raised $100 million in a Series E funding round that saw its valuation cross the $4 billion mark. Around the same time, San Francisco-based TRM Labs gained an initial $14 million in fundraising.

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BitcoinOS Launches Charms: Metaprotocol for Programmable Tokens on Bitcoin and UTXO Blockchains

BitcoinOS (BOS) has announced the launch of Charms, a groundbreaking metaprotocol designed to enable native, programmable tokens on Bitcoin and other UTXO blockchains without the need for bridges or custodians. This new protocol allows developers to create decentralized applications and smart assets directly on Bitcoin, facilitating seamless token transfers across UTXO-based chains such as Cardano…
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qBTC to Release Open-Source Quantum-Safe PoW Bitcoin Side Chain, Adds Jameson Lopp as Advisor

This content is provided by a sponsor. LAS VEGAS, May 23, 2025 – Quantum Safe Technologies Corp, the research collective building qBTC, the world’s first quantum-safe sidechain for Bitcoin, today announced it will publish the full source code of its proof-of work- side chain protocol during the Bitcoin 2025 Conference in Las Vegas…
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Report: Trump administration wants USAID to adopt blockchain technology

USAID will change its name to the US Agency for International Humanitarian Assistance (IHA) By using blockchain technology, it will “radically increase security, transparency, and traceability” The revamp comes after Elon Musk’s Department of Government Efficiency (DOGE) cut USAID numbers from 10,000 to just under 300 in early February The Trump administration reportedly wants its…


Mavryk Dynamics raises $5M to build its RWA L1 blockchain network

  • USAID will change its name to the US Agency for International Humanitarian Assistance (IHA)
  • By using blockchain technology, it will “radically increase security, transparency, and traceability”
  • The revamp comes after Elon Musk’s Department of Government Efficiency (DOGE) cut USAID numbers from 10,000 to just under 300 in early February

The Trump administration reportedly wants its United States Agency for International Development (USAID) to “leverage blockchain technology” as it works on renaming the organization.

According to a report from WIRED, a government memo has been circulating among State Department officials detailing plans for USAID. In the 13-page document – first reported on by Politico – it states that as part of the revamp, USAID will change its name to US Agency for International Humanitarian Assistance (IHA).

The memo also suggests “leveraging blockchain technology” which will “radically increase security, transparency, and traceability.”

It adds: “This approach would encourage innovation and efficiency among implementing partners and allow for more flexible and responsive programming focused on tangible impact rather than simply completing activities and inputs.”

USAID staffers on leave

Since US President Donald Trump re-entered the White House, significant changes have been made to organizations in the US. One of which is USAID.

In early February, USAID staff were put on administrative leave “with the exception of designated personnel responsible for mission-critical functions,” according to a government notice.

Following the implementation of Elon Musk’s Department of Government Efficiency (DOGE), staff numbers at USAID have been cut from 10,000 to just under 300.

In a post on X in February, Musk wrote: “USAID is a criminal organization. Time for it to die.”

USAID is a criminal organization.

Time for it to die. https://t.co/sWYy6fyt1k

— Elon Musk (@elonmusk) February 2, 2025

Blockchain in humanitarian efforts

The use of blockchain in humanitarian efforts has been used before with many seeing the potential is can bring. In 2020, UNICEF invested around 135 Ethereum – about $30,000 at the time – into eight companies from seven developing countries to assist in developing prototypes and to scale their projects.

Financial services company AID:Tech turned to the payment rails of stablecoin issuer Circle to provide fraud-resistant disaster relief delivery in USDC in 2021. By doing so, they wanted to reduce inequality and increase opportunities by bringing accountability and transparency to the distribution of federal relief.

Realizing the benefits of blockchain technology, AID:Tech was the first company to use the technology to deliver international aid in 2015.


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