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The Solana price dropped 3% in the last 24 hours to trade at $144.78 as of 04:22 a.m. EST on trading volume that plunged 19% to $2.5 billion. This comes despite Solayer raising $12 million in a funding round led by Polychain Capital to advance its integrated restaking network on the Solana blockchain. The initiative aims to address Solana’s scalability and transaction inclusion challenges by leveraging a novel approach to staking and network bandwidth optimization. Solana Price On A Bearish Trend – Possible Rebound? Since mid-August, the Solana price has been in a consolidation phase, as SOL traded within the $148.61 resistance and the $137.42 support level, according to data from GeckoTerminal . The bulls were able to break out above the sideways pattern to the $162 resistance before retracing back to the $143 support. SOL then formed a rounding top pattern, as the bears aim to exert more pressure on the price. The price of Solana now trades below both the 50-day and...

GoPlus Security, a prominent cybersecurity firm dedicated to safeguarding the Web3 sphere, brought its Series II+ private funding round to an end, securing an impressive $4 million from a coalition of high-ranking venture capital firms, according to the lastest information shared with Finbold on March 8. Private II+ — GoPlus Security’s Web3 marketing strategy So far, GoPlus Security has received a total of $15 million in a number of funding campaigns led by investment entities such as Binance Labs, SevenX Ventures, Redpoint China Ventures, Avalanche (AVAX), and Crypto.com. With the latest funding round, the company solidified its position in the market and gained essential resources needed to fortify its mission of enhancing the Web3 experience.  Picks for you Dogwifhat trader turns $1.8k into $11 million in 3 months 1 hour ago Machine algorithm predicts FLOKI price for March 31, 2024 2 hours ago This AI token is being called the Nvidia of crypto 3 ho...

2022 saw an overall decline in the amount of venture capital funding going into the blockchain and cryptocurrency space. 2022 will go down as a tough year for the cryptocurrency space and bleak market conditions were mirrored by a downtrend of venture capital funding flowing into blockchain and crypto activities. A report from Blockdata highlights consecutive drops in funding through all four quarters of 2022, following booming venture capital funding into the wider Web3 space through 2021. Analyzing data from CB Insights, Blockdata rounded off 2022’s final quarter of venture capital funding value noting a 34% decline from Q3 2022. The last quarter of the year was down drastically in funding value in contrast to Q1 and Q2, dropping by 67% and 53% in comparison to the two quarters. The subsequent drop in venture capital investment dropped every quarter from an all time high of $11 billion in investments from a cumulative 692 deals in the first four months of 2022. Blockdata points to ...

Global technology firm Bosch partners in the launch of a new foundation, committing $100 million to a Web3, AI and IoT grant program. A $100 million is being earmarked for a grant program funding the development of Web3, AI and decentralized technologies in a partnership between Bosch and Fetch.ai. The two companies are collaborating to create the Fetch.ai Foundation, which will aim to fuel industrial adoption of innovative software, AI and Web3 technologies. The initiative will fund research and develop decentralized technologies for real-world use cases. The program will provide $100 million in grants to fund the long-term development of Web3-based solutions and services for the mobility, industrial technology and consumer industries. An announcement shared with Cointelegraph indicates that the grant program will invest in select companies and partners over a three-year period. Fetch.ai is a Cambridge-based artificial intelligence firm developing a decentralized machine learning ne...