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Salesforce Ventures led a $6 million seed extension round for crypto data platform Mnemonic. Polygon Ventures, Orange DAO, FIN Capital and FJ Labs also participated in the raise.

San Francisco-based Salesforce is a tool used by businesses to manage interactions with their customers, make sales and undergo marketing efforts. It recently launched support for “enterprise ready” AI services.

“Increasingly, we’ve seen a lot of interest from enterprises who want to understand and tap into Web3 to build trusted digital communities, and turn relevant data into actionable insights,” said Laura Rowson, senior associate at Salesforce Ventures.

Mnemonic is a platform that provides a raft of crypto data through APIs. This includes data on NFTs, NFT marketplaces and specific wallets containing NFTs. The funding will be used to expand the suite of APIs.

Mnemonic has added support for Polygon and Optimism. It recently added support for Coinbase’s Base testnet — built using the Optimism technology stack — and will continue this support when it transitions to mainnet.

Mnemonic previously raised $4 million in a seed round from Kenetic Capital, Monochrome Capital, Sound Ventures and Tribe Capital in December 2021.

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The startup provides actionable non-fungible token (NFT) data for enterprises and developers.

Supply is likely dropping as traders and investors increasingly choose to self custody bitcoin holdings amid regulatory and exchange risks.

Blockchain Australia said it wants to tackle the issue “head-on by using real data,” after reports that banks in the country were blocking payments to crypto exchanges.

Options market shows a bias for puts, or bearish bets, tied to bitcoin ahead of the pivotal Fed meeting.

Bitcoin maximalist Michael Saylor has said recent enforcement actions by U.S. regulators have made it clear that the crypto industry is destined to be rationalised down to a bitcoin (BTC)-focused industry.

The move follows a Tuesday ruling from a Delaware court.

The FTX founder pleaded not guilty to fraud in the U.S. after being extradited from the Caribbean country.

Banq, a payments subsidiary of troubled crypto custodian Prime Trust, has filed for Chapter 11 bankruptcy protection in the United States District Court of Nevada.

According to the bankruptcy filing, Banq has total assets worth around $17 million and total liabilities of around $5 million. The filing comes less than a week after Prime Trust, Banq’s parent company, reached an acquisition deal with rival BitGo, pending approvals.

This is a developing story and will be updated.

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Crypto traders on Twitter are citing data that suggests bitcoin has been traded to keep BNB afloat.