DeFi News Official TheBitTimes.com

Blockaid, a startup specializing in advanced crypto security , has successfully raised $33 million in a Series A funding round, with Bessemer Venture Partners at the helm. The round also saw participation from existing investors such as Coinbase Ventures, Innovation Endeavors, and Aleph VC. Blockaid was founded in 2020 by a team of former Israeli intelligence and cybersecurity experts who saw the need for a more advanced and proactive approach to crypto security. The startup uses artificial intelligence and machine learning to analyze crypto wallets’ behavior and reputation and detect and prevent malicious activities such as fraud, money laundering, ransomware, and terrorism financing. You might also like: Israel finds new ally in crypto amidst conflict Blockaid’s platform enables crypto exchanges, banks, regulators, and law enforcement agencies to monitor and trace the flow of funds across different blockchain networks and to identify and block high-risk wa...

Carbonplace says it will use the funds to scale its services and become the "SWIFT of carbon markets." According to a press release published on Feb. 8, Blockchain carbon credit transaction network Carbonplace has secured $45 million in an investment round from its nine founder Banks with a combined $9 trillion in assets under management. The Banks are BBVA, BNP Paribas, CIBC, Itaú Unibanco, National Australia Bank, NatWest, Standard Chartered, SMBC, and UBS. The London-based fintech has also announced that it will become an independent entity, led by new CEO Scott Eaton. As told by Carbonplace, the company will use the investment to strengthen its platform and workforce, allowing it to scale its services to a larger client base of financial institutions and seek partnerships with other carbon market players, such as registries and stock exchanges around the world. Carbonplace has been described as the "SWIFT [Society for Worldwide Interbank Financial Telecommunicati...