City Venture Financial News

01.10 / 22:01

business NFT defi Venture Capital Startups VC Roundup: Investors eyes blockchain analytics, gaming and crypto privacy

Crypto startups keep raising capital despite tight liquidity and adverse macroeconomic conditions. September saw major developments in the space, such as Farmville co-creator Amitt Mahajan raising $33 million to create Web3 games, and Animoca Brands disclosing $20 million capital gathered to push forward the development of its Mocaverse platform.

30.09 / 08:11

Blockchain Law Stablecoin Binance regulation SEC Paradigm accuses SEC of bypassing rules in Binance lawsuit

Venture capital firm Paradigm has criticized the United States Securities and Exchange Commission (SEC) for bypassing the standard rulemaking procedures in its current legal action against the cryptocurrency exchange Binance.

28.09 / 14:49

UPS Manufacturing Avid country innovations Ashwin Dani of Asian Paints: A billionaire who found his real wealth in Iyengar Yoga

Ashwin Dani, whose father co-founded one of Asia's biggest paint companies, Asian Paints, where Dani was the non-executive chairman, India's industry has lost an innovative entrepreneur and yoga a tireless evangelist. Dani, a steadfast disciple of legendary Yoga guru BKS Iyengar, had set up an Iyengar Yoga studio at his home in Mumbai. According to Forbes India, Dani's real-time wealth currently stands at $7.7 billion. With Dani's technological expertise and entrepreneurial zeal, Asian Paints lived up to its name and became Asia's second-biggest paint company after decades of leadership in the Indian market.

28.09 / 11:45

Provident Booking CEO Platform Matthews Experts valuation Farther closes Series B funding round to gain $131M valuation

A Series B funding round has raised $31 million for Farther, as backers including Lightspeed Venture Partners joined existing investors to more than double its valuation to $131 million.

26.09 / 14:31

Venture Capital UK eToro VCTs/EIS venture capital funding Value of UK venture capital funding deals halves in 2023

Despite this year-on-year decline the UK remained a core market for VC fundraising, maintaining its spot as the lead European market on this metric and in the top five globally.

24.09 / 19:09

UPS Action consequences Old overseas investment deals could come under ED fire

Since 2015 the law allows the Enforcement Directorate (ED) to seize equivalent assets in India for illegally holding assets abroad.

23.09 / 08:15

defi Hackers hacks DeFi activity on the decline, but investment rolls in: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.

23.09 / 03:09

Citi Provident Aware Parke country travelers Corporate India is going the extra mile to hit green goals

carpooling among employees, battery-operated cabs, preferred parking and virtual meetings wherever possible -corporate India is going the extra mile to ensure a greener future as the country looks to transition towards net zero. A clutch of companies including Infosys, Capgemini, Ericsson, and EY Global Delivery Services (GDS) are making employee travel more sustainable to reduce their carbon footprint. While increasing the usage of electric vehicles (EVs) is one part of the strategy, these companies are also focusing on measures like cutting down non-essential travel, phasing out CNG vehicles, and encouraging carpooling among employees.

22.09 / 00:13

ByteDance Qualcomm show reports US venture firm GGV Capital to separate China business amid geopolitical tension

(Reuters) — U.S. venture capital firm GGV Capital said on Thursday it plans to split its business into two, with one focused on Asia and the other on the U.S., as political pressure mounts on American companies to limit investments in Chinese technology.

21.09 / 15:03

Blockchain Ethereum Adoption NFT Gaming Venture Capital Farmville co-creator-led company raises $33M to create Web3 games

Proof of Play, a company led by Farmville co-creator Amitt Mahajan, raised $33 million to create Web3 games, according to a Sept. 21 announcement. Majahan is the CEO of Proof of Play, and Twitch co-founder Emmett Shear is a board member.

20.09 / 13:27

Provident Amazon Strategy Apple Align innovations Cultivating a Product-Centric Culture: Leadership's Role in Innovation

20.09 / 09:25

Venture Capital Prominent Crypto and Fintech Alumni Launch $60M Oak Grove Ventures Fund

On September 19th, Oak Grove Ventures made a significant foray into venture capital by launching a substantial $60 million fund. The fund strategically focuses on cutting-edge technology, with a keen interest in artificial intelligence (AI), Web3, and biotech.

19.09 / 03:59

business Web3 Venture Capital Andreessen Former Andreessen Horowitz execs launch Bastion after $25M funding round

Two former executives from Andreessen Horowitz (a16z)’s crypto division have managed to raise $25 million in seed funding for their newly launched Web3 startup Bastion — despite the recent drought in venture capital funding.

18.09 / 20:43

business defi Funding Venture Capital Blockchain Capital Blockchain Capital closes funds totaling $580M for investments in crypto gaming, DeFi

Venture capital group Blockchain Capital announced the closing of two new funds, totaling $580 million, for investment in infrastructure, gaming, DeFi, and consumer and social technologies.

18.09 / 06:45

business Investments Venture Capital Banks SVB Scaramucci leads bidding for Silicon Valley Bank VC arm: Report

SVB Financial Group, the former parent company of Silicon Valley Bank is getting closer to a deal that will see the institution sell its venture capital arm SVB Capital.

18.09 / 04:23

UPS ByteDance show track China VC deals plunge, on track for worst pace in more than seven years

BEIJING — Slowing growth and geopolitical tensions are stifling the Chinese startup world that once spawned unicorns such as ByteDance and Didi, according to a PitchBook report Monday.

16.09 / 05:05

UPS IPO Digital Align LSE Tata Sons may explore options, including an IPO, to avoid upper-layer NBFC tag

(This story originally appeared in on Sep 16, 2023)

14.09 / 18:09

business Report Venture Capital Research shock Liquidation cascade puts crypto market into shock: Report

August was the worst month for the crypto markets since Bitcoin (BTC) bottomed out in November 2022. What was initially perceived by many as merely a summer slump turned into a pronounced market downturn as liquidations cascaded on the derivatives market, erasing 7.3% of BTC’s and 6.9% of Ether’s (ETH) value. Grayscale’s court victory was only a temporary reprieve from these losses, as the price retraced back to the levels starting out the month. This caused one of the largest liquidation events in crypto, totaling more than $1 billion lost when the price dropped to $26,000.

13.09 / 12:09

UPS Lowe's Digital Racing Venture Capital Pantera Capital Pantera Capital to Increase VC Reach to Mid-Stage Crypto Firms

Digital assets investment giant Pantera Capital is increasing its venture capital (VC) reach to mid-stage crypto-centric companies, at a time when investors are interested in artificial intelligence (AI), particularly after the crypto market rout.

13.09 / 10:39

markets business Blockchain Adoption Europe European Union shares Crypto ahead in fintech investments in France and Germany in 2023: Report

In the midst of the global fintech market downturn, the crypto and blockchain sector managed to become a leader in investments in a number of major European markets.

13.09 / 08:27

Citi Aware Enterprise resolution Coffee Day Global and IndusInd Bank settle insolvency resolution plea at NCLAT

Coffee Day Global, its lender IndusInd Bank has decided to withdraw its insolvency resolution application against the company after the private sector lender assigned its loans to ASREC (India), an asset reconstruction company (ARC). The Chennai bench of the National Company Law Appellate Tribunal (NCLAT) on Wednesday allowed the withdrawal of Coffee Day’s appeal in its oral order after both sides informed that they are settling the matter.

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