City Venture Financial News

26.01 / 00:21

business Grayscale Venture Capital Digital Currency Group 500 DCG companies have laid off over 500 employees as contagion spreads

Hundreds of people have lost their jobs at companies owned by crypto venture capital firm Digital Currency Group (DCG), as the long crypto winter, made colder by the FTX collapse, continues to affect the sector.

25.01 / 20:35

Blockchain Adoption Investments Venture Capital fall Venture capital investments into blockchain continue to free-fall: Report

Cointelegraph Research has analyzed all the deals and trends from venture capital in the blockchain industry during the fourth quarter of 2022. The second half of 2022 saw a dramatic decline in capital inflows across all five major sectors of the blockchain industry: decentralized finance (DeFi), centralized finance (CeFi), nonfungible tokens (NFTs), infrastructure and Web3. The first half of 2022 brought in just under $30 billion of investment, while the second half only saw $7.3 billion — a dramatic plunge.

25.01 / 17:39

business defi Funding Venture Capital Cosmos boost Injective launches $150M ecosystem fund to boost DeFi, Cosmos adoption

Injective, a layer-1 blockchain protocol founded in 2018, has launched a $150 million ecosystem fund to support developers building on the Cosmos network.

25.01 / 01:37

business Mining Funding Bitcoin Bitcoin Price Blockstream raises $125M to finance expanded Bitcoin mining operations

Digital asset infrastructure company Blockstream has raised $125 million to finance its Bitcoin (BTC) mining colocation services, underscoring heightened demand for its institutional hosting services amid the bear market.

24.01 / 17:15

business Web3 Funding Venture Capital valuation Blockchain developer QuickNode raises $60M at $800M valuation

Blockchain development platform QuickNode has closed a $60 million funding round as part of a global expansion intended to onboard more users and developers to Web3 applications.

23.01 / 22:23

cryptocurrency APT Aptos Is it Too Late to Buy Aptos? Experts Give Their APT Price Predictions After 72% Rise in 7 Days

APT, the token that powers new up-and-coming layer-1 blockchain Aptos, is consolidating just to the north of the $13 level on Monday. Profit-taking in wake of a stunning 281% rally since the start of the month, with over 70% of these gains coming in the last seven days, preventing the cryptocurrency from holding at record-high levels just to the north of the $14 mark.

21.01 / 11:05

Adoption CFTC regulation Funding Venture Capital FTX FTX VCs liable to ‘serious questions’ around due diligence — CFTC Commissioner

Amid ongoing investigations around the defunct crypto exchange FTX, the Commodity Futures Trading Commission (CFTC) questions the due diligence conducted by institutional investors and their accountability regarding the loss of users’ funds.

20.01 / 23:13

business Web3 Venture Capital FTX Digital Currency Group Crypto Biz: SBF’s newest Excel spreadsheet reveals all

Large enterprise businesses spend tons of money keeping track of their financial dealings — think accountants, financial analysts, consultants and enterprise-grade accounting software. Sam Bankman-Fried, meanwhile, used Microsoft Excel.

20.01 / 18:55

business Funding Venture Capital FTX US President Former FTX US president raises $5M for new crypto software firm

The former head of FTX US is launching a new cryptocurrency software company and has raised $5 million from several investors, according to Bloomberg.

20.01 / 06:31

business Blockchain Adoption Venture Capital Crypto could solve venture capital's due diligence problem — VC exec

Venture capitalists battling with the difficulties of proper crypto firm due diligence should be looking at getting back to the basics — to "trust the chain," a crypto-focused venture fund executive argues.

19.01 / 03:35

Venture capital investment slumps again in torrid year

Global venture capital investment dropped for the fourth consecutive quarter in the final three months of 2022, with few signs of a bounceback in the months to come.

18.01 / 20:05

business Blockchain Venture Capital Deal Deal Box launches $125M blockchain and Web 3 venture fund

According to a press release published on Jan. 18, U.S.-based capital markets advisory and token offering platform Deal Box has launched a new $125 million venture capital arm dedicated to blockchain and Web 3.0 startups. The fund, dubbed Deal Box Ventures, will invest in companies categorized in the emerging growth, real estate, fintech, funtech, and social impact fields. Commenting on today's development, Thomas Carter, founder and chairman of Deal Box, said:

18.01 / 09:13

business SEC Gemini Kraken Digital Currency Group halts dividends in an effort to preserve liquidity

Venture capital firm Digital Currency Group (DCG) has told shareholders it is halting its quarterly dividend payments until further notice as it attempts to preserve liquidity.

17.01 / 18:11

business Funding Africa Web3 games publisher Carry1st raises $27M

Mobile games publisher Carry1st has closed a $27 million funding round to advance its publishing and digital content creation platform in Africa — a region its backers say is ripe for Web3 adoption.

16.01 / 22:35

Blockchain Gaming Mobile Games Opinion: 2023 is a BUIDL year for crypto gaming

2022 was a huge year for the play-to-earn (P2E) gaming scene. An influx of capital and users was followed by a sharp downturn in blockchain game token prices and a decrease in players — and the market is still reeling. And, with fallout from the FTX disaster reaching into every corner of the industry, play-to-earn’s prospects seem bleak on the surface. But peeking under the hood, the numbers tell a different story: Strong funding this year has set the stage for serious “buidling” in 2023.

12.01 / 21:11

business Investments Venture Capital Bitcoin Blockchain industry shows signs of stabilizing in 2023: Report

2022 was a rollercoaster ride of ups and downs for the blockchain industry. While the year’s first quarter looked promising, the crypto industry has been on a downward trajectory ever since. While indications of a global macroeconomic slowdown increase, these headwinds hamper the blockchain industry’s potential recovery.

07.01 / 01:41

business Investments Venture Capital boost FTX collapse may boost 'further trust' in crypto ecosystem — Nomura exec

The winds of crypto winter may be still blowing, but it doesn't seem to be stopping venture capital firms from piling into cryptocurrencies. In fact, recent events influenced by the bear market, such as the collapse of FTX, could bring "further trust into the ecosystem," according to Jez Mohideen, co-founder and CEO at Laser Digital, the recently launched digital assets arm of the Asian giant Nomura Holdings.

06.01 / 09:49

business Adoption Venture Capital Rocky 2023 could be a rocky year for crypto venture investments: Galaxy Research

Last year was a big one for crypto venture capital despite multiple high-profile meltdowns and the FUD (fear, uncertainty, and doubt) tsunami that followed. However, the funds may not flow as easily this year, a crypto researcher warns.

05.01 / 13:05

UPS Venture capital is drying up, but climate startups are bucking the trend

Sprout

04.01 / 17:33

MARKET Career Investment Wyre Crypto Payments Company Wyre Reportedly Shutting Down Due to Market Downturn, Recently Valued at $1.5 Billion – Bear Market Getting Worse?

Crypto payments company Wyre reportedly started laying off employees - but also decided on a complete shutdown.

01.01 / 01:11

business Binance Investments Top crypto Top crypto funding stories of 2022

2022 was a watershed year for crypto venture capital, as investors poured tens of billions of dollars into blockchain-focused startups despite the overwhelmingly bearish trend in asset prices. Is the VC-dominated crypto funding model good for the industry? Only time will tell.

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