City Venture Financial News
20.12 / 21:05
business
Investments
Research
Bitcoin
VC funding
Blockchain VC funding surpasses 2021 total despite declining since May
It’s been a tough year for crypto, and venture capital activity confirms it. The collapse of FTX in November was the latest and most shocking in a series of closures of key market players this year — including Celsius, Voyager and BlockFi — that have shaken investor sentiment and wiped out $1.5 trillion in market capitalization from cryptocurrency space.
16.12 / 01:29
business
Investments
The VC-dominated crypto funding model needs a reboot
Does the crypto industry’s funding space need an overhaul? This is one of many questions swirling in the wake of FTX’s downfall: When the prominent exchange collapsed, it left behind a long line of helpless creditors and lenders — including many promising projects dependent on funds promised by Sam Bankman-Fried and company.
09.12 / 20:53
Blockchain
Web3
Venture Capital
Investors chase Web3 as blockchain industry builds despite bear market
The third quarter of 2022 saw a reduction in venture capital activity across the entire blockchain industry. Investors appear to be moving away from decentralized finance (DeFi) and into Web3.
08.12 / 23:37
Ethereum
Investments
Venture Capital
Bitcoin
Drop
Countries and institutions move into crypto despite market drop: Report
The crypto markets have been in decline since the start of the second quarter of 2022. Each time it seemed like the apparent crypto winter would experience a minor thaw, another notable collapse happened: Celsius, Three Arrows Capital, and more recently, FTX.
04.12 / 00:41
business
Mining
FTX
Alameda Research invested $1.15B in crypto miner Genesis Digital: Report
Crypto mining company Genesis Digital Assets was the biggest venture investment made by Alameda Research, FTX's sister company and in the center of the exchange's bankruptcy. Documents disclosed by Bloomberg on Dec. 3 show that Genesis Digital raised $1.15 billion from Alameda in less than nine months.
02.12 / 17:25
business
Bitcoin
acquires
Thai VC fund acquires troubled exchange Zipmex for $100M: Report
After weeks of negotiations on a potential buyout of Zipmex, venture capital fund V Ventures has reportedly reached a deal to acquire the embattled cryptocurrency exchange.
28.11 / 21:23
Blockchain
Adoption
Investments
Venture Capital
Crypto fund investment still dominated by the United States: Database
Despite venture capital funding halving in October, there seem to be funds that still remain bullish on this space investing in emerging markets, Web3 and infrastructure. But, most people do not know who these mysterious funds are or what they are made of, or if there is a project starting up, how to get in touch with these funds.
23.11 / 20:47
Blockchain
Adoption
Investments
Venture Capital
VC funding
Blockchain VC funding halves in October despite some strong raises
Blockchain venture capital inflows sharply decreased in October from the previous month. According to Cointelegraph Research, the number of individual deals dropped from 93 to 69 monthly.
23.11 / 17:49
17.11 / 16:37
business
lending
FTX
Bankruptcy
The FTX contagion: Which companies were affected by the FTX collapse?
While the FTX collapse may have had a severe effect on the broader crypto market, some companies bore the brunt of the impact and were directly hit by the storm that the embattled crypto exchange brought.
16.11 / 18:03
business
Ethereum 2.0
Funding
Open Source
zkSync
open
zkSync developer Matter Labs raises $200M, commits to open-sourcing platform
Matter Labs, the developer behind the Ethereum Virtual Machine-compatible zkSync, has received major industry backing as it pledges to fully open-source its platform — marking the first such initiative for a zk-Rollup technology.
16.11 / 05:49
business
Investments
Venture Capital
FTX
Paradigm co-founder feels 'deep regret' investing in SBF and FTX
The co-founder of asset management firm Paradigm says they feel “deep regret” for having invested in FTX amid recent revelations involving FTX, Alameda Research, and Sam Bankman-Fried.
15.11 / 15:17
Blockchain
BLOCK
Binance
coinbase
Top 8 Crypto VC Firms and Funds for 2022
Disclaimer: The Industry Talk section features insights from crypto industry players and is not a part of the editorial content of Cryptonews.com.
14.11 / 20:29
Blockchain
Investments
Research
Bitcoin
Turbulence for blockchain industry despite strong Bitcoin fundamentals: Report
In the past, it was often said that Bitcoin (BTC) moves the entire crypto and blockchain industry. Is this still the case?
14.11 / 12:21
business
Binance
Liquidity
FTX
recovery
Binance creates industry recovery fund to help projects struggling with liquidity
As the effects of the FTX crisis continue to affect the markets negatively, crypto exchange Binance is creating a fund to help potentially strong projects that are having liquidity issues.
11.11 / 13:33
Blockchain
UPS
Digital
Platform
TradFi
Japanese Tradfi Giant Nomura’s Crypto Arm to Launch Coin Trading Platform
The Japanese tradfi giant Nomura is set to launch crypto trading platform for professional traders by early 2023 – as the firm looks to ramp up its crypto operations.
10.11 / 10:41
business
Blockchain
Investments
Funding
stake
Sequoia Capital marks down entire $214M FTX stake to zero
Venture capital firm Sequoia Capital tweeted out a letter sent to its partners on Nov. 10 revealing the firm had marked its $213.5 million investments in FTX and FTX US down to $0, claiming them as a complete loss.
09.11 / 16:55
business
Payments
Funding
Venture Capital
Ramp, builder of crypto payment rails, raises $70M
Crypto-focused fintech company Ramp has raised $70 million in venture capital, upping its pledge to continue building a unified payment experience for digital assets.
07.11 / 03:29
business
Investments
Decentralization
Founders should consider VC firms their allies as they build in the bear market
This year’s bear market trajectory should be looked upon as a favorable opportunity for Web3 founders to raise capital and build cutting-edge products. Some of the most robust businesses today were built during market downturns, and founders now have a real opportunity to ensure they’re building products and services that meet genuine, real-world needs and look beyond oversized checks to find the most suitable business partnership.
01.11 / 02:19
Lowe's
Digital
Low
Investment in Crypto Hits a New Low – How Much was Raised?
Venture capital investments in crypto companies hit its lowest level for the year in the third quarter, but still remains well above a 7-year average for the industry.
28.10 / 01:05
business
Blockchain
Funding
Usd Coin
Solana-based protocol seeking to decentralize ride-sharing raises $9M
The ride-sharing industry is poised for another paradigm shift with Web3 protocols, allowing new companies and drivers to bid for rides using a matching algorithm, according to the Decentralized Engineering Cooperation (DEC) — the company behind the Solana-based protocol TRIP that enables mobility-based applications.
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