PANews reported on September 9 that according to Startupticker, Recoveries, a blockchain data analysis and digital asset recovery service provider, announced the completion of a strategic round of financing of 1 million Swiss francs, led by VerifyVASP and participated by a group of angel investors. The new funds are intended to be used to accelerate the development of its artificial intelligence-enhanced blockchain investigation management system that supports cross-chain investigations, in order to simplify the digital asset recovery process for global exchanges, banks, insurance companies and law firms.

ETHZilla CEO McAndrew Rudisill said the company’s strategy is to deploy Ether on the Ethereum network through layer-2 protocols and tokenizing real-world assets. Ether treasury company ETHZilla is looking to raise another $350 million through new convertible bonds, with funds marked for more Ether purchases and generating yield through investments in the ecosystem. ETHZilla chairman and CEO McAndrew Rudisill said on Monday that the company’s strategy is to deploy Ether (ETH) in “cash-flowing assets” on the Ethereum network through layer-2 protocols and tokenizing real-world assets. A growing number of digital asset companies are moving past simply holding crypto and looking to generate yields through active participation in the ecosystem, which crypto executives told Cointelegraph in August, could help spark a DeFi Summer 2.0.Read more

