Mumbai-based exchange CoinCDX announced on March 24 it had received $3 million in new funding. The Series A round was led by: Bain Capital Ventures Polychain HDR Group BIG NEWS:
CoinDCX secures $3 Million Series A funding led by Polychain Capital (@polychaincap), Bain Capital Ventures (@BainCapVC) and HDR Group, operator of Bitmex (@BitMEXdotcom) with participation from other VCs.#TryCrypto
Read in detail here – https://t.co/bJk8Zmoyxi
— CoinDCX: India's Largest Cryptocur
Paradigm Labs, a decentralized finance project, backed by veteran crypto investors Polychain Capital, Dragonfly Capital, and Chapter One Ventures, is shutting down. As of today, our Zaidan trading system and web interface will no longer be functional, and no protocol fees will be collected by the Zaidan’s War Chest staking pool after the current epoch ends on March 16th.
All stakers should move their stake to a different pool by that date.
— Paradigm Labs (@ParadigmMarket)
The Chinese Government is indirectly participating in a security token offering (STO). The Nervos Network STO kicks off on October 16, aiming to raise an undisclosed amount within two weeks through the CoinList platform. So far, Polychain Capital confirmed that it is going to contribute $5.7 million to the STO, in addition to previous investments. Kevin Wang, the co-founder of the Nervos project, told that the Hong Kong-based China Merchants Bank International (CMBI), a wholl