City Venture Financial News

31.05 / 19:07

crypto winter layoffs Blockchain Analytics Firm Nansen Cuts 30% of Staff Amid Market Slump

Blockchain analytics firm Nansen is cutting 30% of its staff, the company’s CEO Alex Svanevik announced via Twitter on Tuesday.

31.05 / 17:35

Blockchain Adoption NFT Investments Sport cryptocurrency investment cricket From cricket to crypto: AB de Villiers ventures into Web3

AB de Villiers is a household name in the world of cricket, renowned for his swashbuckling batting style and records in the shorter formats of the game. Perhaps less well known is his involvement in the Web3 and cryptocurrency space as he moves on from an illustrious sports career.

29.05 / 02:33

regulation Investments Report Bloomberg FTX compensation Temasek slashes compensation for execs responsible for its $275M FTX investment

Singapore investment firm Temasek Holdings has reduced compensation for the execs responsible for the firm’s investment into the now-defunct crypto exchange FTX.

26.05 / 21:15

defi DAO Voting Elections DAO Attack A16z releases anonymous voting system for Ethereum

Venture capital fund Andreessen Horowitz, also known as A16z, has released a Solidity library that can be used for anonymous voting on Ethereum. Called “Cicada,” the library prevents an individual voter’s choice from being known before polling ends. When combined with zero-knowledge group membership systems like Semaphore, it can also make the identity of the voter permanently unknowable, according to a May 24 blog post from A16z engineer Michael Zhu.

24.05 / 10:25

business Blockchain Web3 Funding Venture Capital Foresight Foresight Ventures pledges additional $10M for Web3 accelerator

On May 24, Singaporean venture capital firm Foresight Ventures announced that it would pledge an additional $10 million to its Foresight X Accelerator, bringing its total to $20 million. The move comes as the firm opens the second phase of accelerator applications, which will focus on Web3 projects building in the artificial intelligence (AI), zero-knowledge (ZK), machine learning, Bitcoin (BTC), liquid staking derivatives, and nonfungible token ecosystems.

24.05 / 07:17

business Blockchain Web3 Funding Venture Capital Press Release Dispersion Capital launches $40M venture fund to ‘bring Web3 to the masses’

Early-stage venture capital firm Dispersion Capital recently exited stealth to launch a $40 million fund for startups working on infrastructure for Web3 projects.

18.05 / 21:07

business Venture Capital banking Digital Asset Singaporean family office to set up digital bank in Bahrain

The Whampoa Group, a family office based in Singapore, will open a digital bank in Bahrain, the kingdom’s Economic Development Board said on May 18. The Group expects to open the bank by the end of the year and is aiming for a global client base.

18.05 / 17:19

Blockchain Adoption defi Venture Capital Startups Blockchain developers launch $50M fund to increase Wormhole adoption

A $50 million fund has been launched to help startups that use the Wormhole cross-chain messaging protocol, according to a May 18 announcement. The new fund is being managed by venture capital fund Borderless Capital and is backed by over 20 other blockchain development teams and venture capital firms, including Circle, Polygon Ventures, Solana Foundation, JumpCrypto, and others.

17.05 / 09:57

coinbase Venture Capital Investment Coinbase CEO's Start-Up NewLimit Raises $40 Million to Increase Human Lifespan

NewLimit, a startup co-founded by crypto exchange giant Coinbase CEO Brian Armstrong, has raised $40 million with a goal to add years to people's lives.

12.05 / 08:53

business Funding Venture Capital Crypto VCs made $2.6B worth of deals in the first quarter of 2023

While the crypto space still suffers a bear market, venture capital (VC) firms have still managed to make a number of deals at the start of 2023, proving that the space is very much alive even in what many would call a “crypto winter.”

11.05 / 11:21

business Assets Digital Asset reports Financial Animoca Brands reports $3.4B of assets in an interim financial update

Venture capital firm Animoca Brands released an interim financial report laying out its key unaudited financial positions as of April 30, 2023. The company revealed around $3.4 billion in assets, claiming it remains financially strong despite recent reports of its valuation plummeting.

10.05 / 16:05

business Binance NFT Funding Venture Capital BSC BNB NFT marketplace Tabi raises $10M in angel funding

Tabi, the nonfungible token marketplace previously as Treasureland, has completed a $10 million angel funding round, the BNB Chain-based platform announced on May 10.

03.05 / 17:07

business Blockchain Funding Venture Capital Fuse blockchain pledges $10M for ecosystem development

On May 3, layer-1 blockchain Fuse announced that it would pledge $10 million to “reinvigorate the Fuse ecosystem and drive growth in multiple areas.” The program, dubbed “Fuse Ignite,” is structured between liquid incentives and grants. As told by developers:

02.05 / 14:19

regulation a16z Framework regulatory A16z Crypto Calls for 'More Nuanced' UK Regulatory Framework for Digital Assets

Venture capital giant Andreessen Horowitz, better known as a16z, has called for a “more nuanced” approach to crypto regulations in the UK, saying the current don’t distinguish between risky centralized crypto systems and less risky decentralized systems.

26.04 / 12:31

Blockchain Technology defi privacy Democracy Why anonymity is key to self-autonomy — And how crypto helps freedom movements win

In the mid-2010s, the Islamic State was rapidly advancing through Iraq and Syria, conquering territory and terrifying residents. However, one group of Kurds in Northern Syria representing the de facto autonomous Democratic Federation of Northern Syria, in an area known as Rojava, successfully fought back the Islamic State and captured the attention of the world.

24.04 / 18:35

business defi Funding Futures Derivatives Bitcoin Options Ethereum Options DeFi options protocol raises $17M for buy-side marketplace

Thetanuts Finance, a decentralized finance (DeFi) protocol offering crypto options contracts, has raised $17 million to offer a buy-side marketplace and expanded list of coins, according to an April 24 announcement from the team.

24.04 / 01:51

business Twitter Venture Capital exchanges Bankruptcy OPNX CEO scolds claimed backers after some deny investing in the firm

A number of supposed Open Exchange (OPNX) investors have been blasted by the CEO of the crypto claims trading platform after some publicly distanced themselves from the project after being named as backers.

23.04 / 06:19

coinbase Report Bloomberg white house Meta Platforms Meta Ceo Bitcoin Biden's comms director barred from former crypto clients: Report

United States President Joe Biden will reportedly ban his communications director from handling matters related to any crypto or technology firms he has previously worked with, while allowing him to advise on crypto regulation.

22.04 / 02:23

business Investments Web3 Venture Capital data VC funding VC funding into Web3 start-ups down 82% year-over-year: Crunchbase

According to data from Crunchbase, venture capital (VC) funding into Web3 start-ups tanked 82% year-over-year (YoY), declining from $9.1 billion in Q1 2022 to $1.7 billion in Q1 2023.

21.04 / 19:31

business Trading Venture Capital Bankruptcy 3AC founders' OPNX exchange claims to be funded by AppWorks, SIG, MIAX Group

OPNX, an exchange jointly founded by members of the Three Arrows Capital (3AC) and Coinflex teams, has revealed the venture capital firms purportedly backing it. An April 21 video posted by the company featured CEO Leslie Lamb thanking some of the major backers of the project, including AppWorks, Susquehanna (SIG), DRW, MIAX Group, China Merchant Bank International, and Token Bay Capital.

20.04 / 20:53

business Funding Venture Capital Cloud Mining Former Ethereum miner CoreWeave raises $221M in Series B

On Apr. 20, specialized cloud provider CoreWeave announced that it had secured $221 million in a Series B funding round, putting the company on track to expand operations and increase capacity in various emerging technologies.

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