City Venture Financial News

18.09 / 19:27

business Technology Adoption Gaming NFTs will bring crypto to billions of users, explains VC investor

Avichal Garg, the CEO and co-founder of Electric Capital, defines himself as “an NFT maximalist” – who believes that nonfungible tokens (NFTs) will play an essential role in bringing crypto to the masses. Unlike other crypto niches, NFTs are relatable to aspects of everyday life such as art, music and games.

16.09 / 04:49

business Blockchain Ethereum proof-of-work 'Green ETH' narrative to drive investment and adoption, says pundits

The shedding of Ethereum’s energy-intensive proof-of-work (PoW) system is expected to see Ether (ETH) “flow into the institutional world,” according to a number of fund managers and co-founders.

15.09 / 23:23

business Trading Funding Venture Capital Ex-Citadel execs raise $50M for high-frequency crypto trading platform

Cryptocurrency startup Portofino Technologies has officially launched its high-frequency trading platform for digital assets, securing major funding from venture capital firms in the process.

13.09 / 14:39

UPS BTC BLOCK Platform GameFi and NFTs Set to be First to Recover From Downturn as Venture Funds Flow In

Venture capital funding for NFT and gaming companies within crypto rose by 66% in August, from USD 507 million in July to USD 842 million. This increase comes during a month when total VC funding within the cryptocurrency sector declined overall, suggesting that it may be NFT and GameFi cryptocurrencies that lead the way out of the ongoing bear market.

08.09 / 16:41

business Blockchain Investments Gaming Animoca confirms $110M round led by Temasek, plans new acquisitions

Animoca Brands, a major player in the metaverse and blockchain gaming, has officially disclosed details of a funding round led by Singapore's state-owned investor Temasek.

07.09 / 04:51

business Blockchain Adoption kpmg VCs pour $14.2B into crypto in H1 2022, but investments now slowing

Venture capital firms poured $14.2 billion into crypto across 725 deals in the first half of 2022, but big four accounting firm KPMG predicts investments will likely slow for the remainder of the year.

05.09 / 21:47

business Funding Venture Capital Blockchain incubator valued at $100M following NGC Ventures-led Series A

Blockchain-focused incubator and adviser PANONY has closed a Series A funding round backed by NGC Ventures, one of Asia’s largest crypto investment firms, putting the company on track to expand its portfolio and geographic presence.

02.09 / 21:43

business Stablecoin Tether Venture Capital Crypto Biz: You can’t stop the Tether FUD

In the world of crypto, FUD stands for fear, uncertainty and doubt. It’s often evoked intentionally to draw negative attention to a particular project or business. One of crypto’s most enduring legacies has been the constant FUD surrounding Tether, whose USDT stablecoin commands a market capitalization of nearly $68 billion. Whether intentional or not, The Wall Street Journal ran a story this week claiming that Tether was on the edge of technical insolvency and that it wouldn’t take much to push the stablecoin issuer into financial peril. Of course, Tether didn’t take it lying down and immediately issued a response to what it considered to be a “disinformation” campaign by the Journal.

02.09 / 20:17

business Funding lending Venture Capital Future Bnk To The Future eyes acquisition of crypto lender SALT

Crypto lending platform SALT has received a buyout offer from a prominent online investment platform — a move the company said could potentially enhance its product offerings and advance its mission of making digital assets more accessible to mainstream audiences.

01.09 / 00:19

NFT regulation Virtual Property A16z proposes a set of licenses especially for NFTs, based on Creative Commons model

Venture capital firm Andreessen Horowitz (A16z) announced Wednesday that it had devised a set of six licenses tailored to nonfungible tokens (NFTs) that are based on the model pioneered by Creative Commons. Like Creative Commons licenses, there is a range of rights available through a variety of the proposed NFT licenses, titled Can’t Be Evil licenses.

31.08 / 07:27

business Funding Reddit Venture Capital ‘Everything’s on sale’: Reddit founder, Galaxy and Genesis execs raise big money

Reddit co-founder Alexis Ohanian’s venture capital (VC) firm Seven Seven Six (776) is looking to raise a crypto investment fund worth $177.6 million, while current and former executives from Galaxy Digital and Genesis are raising a $500 million fund of their own.

30.08 / 14:45

business Investments Bitcoin Singapore state investor leads $100M round for crypto firm Animoca: Report

The venture capital market of the cryptocurrency industry is holding strong despite the crypto winter as major government-linked firms reportedly continue betting on big industry players.

30.08 / 14:23

cryptocurrency RBI Grant PE, VC industries vulnerable in rising interest-rate scenario: James Grant

In a rising interest-rate world, many financial sectors and products including private equity and cryptocurrencies will face an existential crisis, according to James Grant.

26.08 / 00:53

business Investments Venture Capital Alameda Research and FTX merge VC operations: Report

Sam Bankman-Fried’s cryptocurrency exchange FTX’s investment arm has reportedly absorbed the venture capital operations of Alameda Research in response to the ongoing crypto bear market.

25.08 / 17:15

business Web3 Funding Venture Capital Polygon founder Sandeep Nailwal launches $50M Web3 fund

Cryptocurrency entrepreneur and Polygon founder Sandeep Nailwal has raised $50 million for a new startup fund dedicated to Web3 companies, underscoring venture capital’s growing interest in the blockchain-powered internet.

23.08 / 16:05

business Adoption defi Investments Future Metaverse promises: Future of Web3 or just a market gimmick?

The Metaverse as a concept is an attempt to fuse physical reality, augmented reality (AR) and virtual reality (VR) into one seamless and immersive experience.

19.08 / 21:17

business Web3 Funding Venture Capital Crypto Biz: Crypto VC is back with a vengeance

You’ve no doubt heard the expression, follow the money. Well, if you do that in the venture capital world, you’ll be led directly to crypto, blockchain and digital assets. After a modest summertime lull in venture financing, this week saw the announcement of two massive raises worth a combined $500 million. That’s $500 million VCs are allocating to crypto-focused startups at the intersection of Web3, blockchain infrastructure and decentralized communities.

18.08 / 19:19

Adoption Investments Web3 Venture Capital venture capital funding Blockchain venture capital funding down over 43% in July: Report

Typically a lagging indicator of the sector’s health, the explosion of venture funding in the blockchain sector in 2021 and the first half of 2022 appears to be cooling off after seven consecutive sectors of growth. According to Cointelegraph Research, inflows in the blockchain venture capital market have declined by 43% month-on-month in July 2022.

17.08 / 17:15

business Web3 Funding Venture Capital Blockchain VC Shima Capital debuts with $200M Web3 fund

Shima Capital, a new venture firm focused on early-stage blockchain projects, has launched its debut fund to support emerging digital asset companies — and has received considerable backing in doing so.

17.08 / 15:25

business Web3 Funding Venture Capital CoinFund launches $300M early-stage Web3 venture fund

Blockchain venture firm CoinFund has launched a new investment fund devoted to Web3 and other crypto-focused startups, opening the door to fresh funding opportunities for entrepreneurs during the bear market.

17.08 / 03:49

business Blockchain Investments Venture Capital Google invested a whopping $1.5B into blockchain companies since September

Google parent company Alphabet poured the most amount of capital into the blockchain industry compared to any other public company, investing $1.5 billion between Sep. 2021 and Jun. 2022, a new report shows.

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