City Global Financial News

17.11 / 10:53

Ethereum BTC/USD ETH/USD Bitcoin Withdrawals Bitcoin Price and Ethereum Prediction - Risk-off Triggers as Genesis Trading Halts Withdrawals

Bitcoin is mostly unchanged on November 17, but it remains under pressure as Genesis Trading, a crypto financial services firm, has suspended withdrawals from its loan section, citing the "extraordinary market instability" caused by Sam Bankman's FTX collapse. Ethereum, the second-most valuable cryptocurrency, is also trading sideways, with a price range of $1,175 to $1,280.

16.11 / 19:47

markets Grayscale Genesis Trading Bitcoin Bitcoin Price Bitcoin price dips to $16.4K over Genesis woes as execs defend GBTC

Bitcoin (BTC) fell to intraday lows after the Nov. 16 Wall Street open as the FTX scandal appeared to claim another victim.

29.06 / 16:15

markets Stablecoin Pump and Dump week Double bubble? Terra's defunct 'unstablecoin' suddenly climbs 800% in one week

Terra's $40-billion experiment to create a functional "algorithmic stablecoin" project has failed drastically following its collapse in May.

11.02 / 18:23

Facebook Blockchain Adoption Microsoft Browser-based metaverse Portals aims to remove the need to get a VR headset

Metaverse startup Portals has raised fresh funds to finance its browser-based metaverse that allows people to enter without virtual reality (VR) equipment.

25.01 / 12:57

Blockchain Provident Digital $75M Capital Raised by Blockchain Founders Fund for Metaverse and Web3

Singapore-based venture capital Blockchain Founders Fund (BFF) has announced the launch of a new Venture Capital Fund II to support emerging projects in the cryptocurrency, Metaverse and Web3 space.

24.01 / 23:37

business Funding Metaverse Venture Capital Web3 Projects $75M Blockchain Founders Fund II backs portfolio of P2E and Web3 projects

Singapore-based Blockchain Founders Fund has launched a new venture capital fund to support emerging projects in the cryptocurrency, metaverse and Web3 sectors, offering further evidence that investors are still keen to back major growth trends in the digital asset market.

30.12 / 17:21

Ethereum defi Investments Loans Backed Genesis issues $6M NFT-backed loan to Meta4 Capital

Genesis Global Capital has completed one of its first purely NFT-backed loans for $6 million to Meta4 Capital, a Miami-based Web3 focused investment management firm. This loan is notable not just for its amount but for solely using nonfungible tokens (NFTs) as collateral instead of including broader liquid collateral. Meta4 operates as an NFT VC backed by Andreessen Horowitz, specializing in acquiring presumed rare and historically significant NFTs.

09.12 / 08:39

Polygon Web3 Blockchain technology Polygon and Lumos Labs launch PolygonLEAP 2021 Accelerator

Polygon has partnered with technology management firm Lumos Labs to launch PolygonLEAP 2021 Accelerator. This partnership will support Indian startups that want to start their Web3 journey, build innovative token economies, and get access to mentorship, ecosystem and marketing support.

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