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Bitcoin miners attract venture capital, new crypto mining project raises funds

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. According to a Messari report, Bitcoin miners have attracted the most venture capital investment in November. This surge comes as Bitcoin mining operations seek to expand their facilities and upgrade equipment to stay competitive. With new mining projects like Bitcoin Minetrix (BTCMTX) garnering traction in presale, the mining sector appears to show no signs of slowing down. Venture capital floods Bitcoin miners ahead of halving Crypto fundraising saw a significant uptick in November, with Bitcoin mining companies attracting the most capital. According to Messari, 90% of the 98 crypto deals worth $1.75 billion last month went to miners, far exceeding exchanges and payments projects. You might also like: Crypto news website Decrypt merges with Rug Radio Northern Data led the pack, raising over $600 million in a debt fina...

Bounty marketplace exec explained how to launch crypto project without getting hacked

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Oliver Hörr, Director of Operations at smart bounty marketplace Hats Finance, shared valuable insights at the ETHBarcelona conference on launch ing project s without the risk of being hacked , proposing innovative solutions to code auditing, and encouraging ethical hacking. In his speech, Hörr addressed the challenges of selecting auditors for web3 projects, highlighting the high costs and difficulty verifying their track records. To overcome this, he proposed two solutions. The first involves auditors having a “skin in the game” by allocating a portion of their payment into a bug bounty, sharing the project’s risk. This approach allows projects to consider tier two and three auditors, offering better value for the price. The second solution focuses on improving code auditing by offering financial incentives to auditors. This encourages thorough code review and timely vulnerability notifications. Additionally, Hörr discussed conducting audit challenges or competiti...

How can blockchain projects benefit from deploying their own DEX?

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As the crypto industry relies on centralized exchanges, blockchain projects are exploring the benefits of DEX integration to regain control of their native tokens. Cryptocurrency exchanges have been instrumental in the adoption of blockchain technology, but the industry has become too dependent on them. Today, the crypto industry is still geared toward exchanges and traders rather than blockchain projects and developers. There is too much friction for developers building projects on the app layer. Getting listed on a major centralized exchange (CEX) is a six-figure expense, plus additional fees each month for a market maker to ensure liquidity. In 2018, a Business Insider investigation found that crypto exchanges charge between $50,000 and $1 million to list initial coin offerings (ICOs). Even after those expenses, exchanges are the ones who profit from all the trading fees, which drains value from crypto projects and makes it hard to attract liquidity in a sustainable way. Besides ex...