Cryptobitfix raised $4.5 million from liberty city ventures

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Crypto Regulation
DCG and Barry Silbert hit with securities lawsuit 

CryptoBitfix closed a $4.5 million Series B funding round.

The round was led by Liberty City Ventures with participation from Evolution Equity Partners, Declaration Partners, former OSS CEO Brian Brooks and former CFTC Chairman Christopher Giancarlo.

The funds raised will be used to increase the number of financial partners and new research and development.

The founders of CryptoBitfix believe that the lack of proper controls and risk mitigation tools are major barriers to mass adoption of cryptocurrencies.

To recap, CryptoBitfix raised $15 million in strategic investment in November.

In May of that year, the startup closed a $20 million Series A funding round backed by FTX, NYDIG and others.

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Martyn Landi

Martyn Landi is a savvy blockchain content writer with about 5 years of experience. He helps crypto brands gain visibility by creating content with a tone, voice, and style that aligns with their vision and goals. When he is not writing or tweeting about cryptocurrencies, NFTs, web3, or metaverse, he is either cycling, watching movies, or reading other content.