City Venture Financial News
15.08 / 19:07
business
Funding
Venture Capital
Bloomberg
acquires
Crypto-focused venture firm Dragonfly acquires hedge fund: Bloomberg
Cryptocurrency venture firm Dragonfly has acquired a digital asset-focused investment fund for an undisclosed amount — a move that managing partner Haseeb Qureshi said mirrors the broad consolidation trend underway in the industry.
12.08 / 23:29
business
coinbase
Toronto
Crypto Biz: A Futurist take on crypto
You might not know it, but Canada is quietly becoming a major player in the blockchain and crypto scene: Ethereum has strong Canadian roots, Toronto-based 3iQ launched North America’s first physically-settled Bitcoin (BTC) exchange-traded fund (ETF) and the percentage of active crypto holders in the country has increased steadily over the past two years.
12.08 / 00:37
business
defi
Venture Capital
Loans
Maven 11 launches $30M lending pool on Maple as borrowers turn to DeFi
Netherlands-based crypto investment firm Maven 11 has launched its third lending pool on Maple Finance, giving borrowers access to liquidity amid the bear market.
11.08 / 00:29
business
Adoption
Investments
Venture Capital
Financial
Wealth managers and VCs are helping drive institutional crypto adoption — Wave Financial execs
Two executives at Wave Financial, an asset management firm providing bespoke strategies to high-net-worth individuals and entities, have reported seeing increased institutional demand for crypto products amid the bear market.
09.08 / 23:31
markets
Ethereum
Adoption
Total value locked in DeFi dropped by 66%, but multiple metrics reflect steady growth
The aggregate total value locked (TVL) in the crypto market measures the amount of funds deposited in smart contracts and this figure declined from $160 billion in mid-April to the current $70 billion, which is the lowest level since March 2021. While this 66% contraction is worrying, a great deal of data suggests that the decentralized finance (DeFi) sector is resilient.
06.08 / 19:59
business
Cybersecurity
Funding
Lightning Network
network
blockchain security firm
VC Roundup: Lightning Network payment rail, DeFi trading platform and blockchain security firm raise millions
Even with the onset of crypto winter, 2022 has been a watershed year for venture capital funding. Crypto and blockchain companies collectively raised $30.3 billion in venture capital in the first half of 2022, exceeding all of last year's totals. While the number of deals has declined in recent months, startups at the intersection of blockchain payments, decentralized finance (DeFi) and cybersecurity are still attracting sizable interest from the VC community. The latest edition of VC Roundup highlights some of the most intriguing funding deals of the past month.
04.08 / 19:49
Adoption
regulation
Venture Capital
Cointelegraph Consulting
Building the blockchain industry despite market drops and regulation threats
“The cryptocurrency market is the only truly free market that exists in the financial universe,” said Dan Tapiero, CEO of 10T Holdings, during a recent video discussion with Cointelegraph Research.
03.08 / 11:07
Blockchain
Ethereum
Research
Bitcoin
Contributors piling into Bitcoin, Ethereum, and Solana since 2018: Report
Despite crypto market turbulence, active contributors across Bitcoin, Ethereum, and Solana’s top projects have increased by an average of 71.6% per year since January 2018, according to a new report.
28.07 / 16:25
UPS
MET
venture capital funding
Venture capital funding to dry up amid ‘red flags’ in first half of 2022
British companies looking to raise cash in the second half of 2022 will be met with an increasingly cautious venture capital market, as economic uncertainty hits investment.
27.07 / 19:32
business
Funding
Pantera Capital
valuation
NFT domains platform Unstoppable raises $65M Series A at $1B valuation
On Wednesday, nonfungible token (NFT) domains platform Unstoppable Domains announced that it closed a $65 million Series A funding round at a valuation of $1 billion.
26.07 / 09:53
cryptocurrency
NOT
What Crisis? Not All Gloom And Doom, Venture Capitalists Bet Big On Crypto
Cryptoverse: What crisis? Venture capitalists bet big on crypto
25.07 / 18:51
business
Web3
Funding
Venture Capital
valuation
Aptos Labs raises $150M, more than doubling valuation
Layer-1 blockchain developer Aptos Labs has closed a $150 million funding round to further its ambitions in the Web3 space, further highlighting venture capital’s appetite for budding crypto-focused startups.
25.07 / 12:47
CEO
coinbase
Crypto users
1 Billion Crypto Users Projected by 2030, Study Shows
According to a joint study by Boston Consulting Group (BCG), Bitget and Foresight Ventures, the total number of cryptocurrency users will reach 1 billion by 2030.
22.07 / 23:05
business
Venture Capital
Court
saga
Crypto Biz: The 3AC saga takes another bizarre twist
About eight months ago, I vouched pretty strongly for Su Zhu to be included in the prestigious Cointelegraph Top 100. My reasoning was pretty straightforward: Zhu was not only an influential figure on social media, but he ran arguably the most revered hedge fund in crypto — Three Arrows Capital, also known as 3AC. Then, the bear market of 2022 exposed 3AC as a house of cards run by founders who believed their own hype — and made reckless business decisions along the way.
22.07 / 19:53
Blockchain
Binance
Digital
Bitcoin
Top 3 Cryptocurrencies to Buy in 2022
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.
22.07 / 14:53
UPS
JPMorgan
Bitcoin
Venture capital piles $18bn into crypto — and JPMorgan sees the record pace continuing
Bitcoin may have just capped its worst quarter in more than 10 years, but venture capital doesn’t care—and private money is piling into crypto at a historic, breakneck pace.
21.07 / 16:43
business
Blockchain
Technology
education
FTX CEO and Solana co-founder offer advice for building Web3 ecosystems
The blockchain ecosystem is constantly evolving, yet there always seems to be one overarching sector dominating at a given time. For example, decentralized finance (DeFi) projects received an impressive amount of venture capital funding in 2021, making it the most invested sector last year. Findings further show that nonfungible tokens (NFTs) were the second most invested sector, while Web3 and infrastructure ranked third.
21.07 / 00:27
business
coinbase
Venture Capital
Crypto firms facing insolvency 'forgot the basics of risk management' — Coinbase
Department heads at Coinbase have weighed in on the market downturn amid solvency concerns around Three Arrows Capital, crypto lending firm Celsius, and Voyager Digital, saying the crypto exchange had “no financing exposure” to the companies.
19.07 / 21:07
regulation
Venture Capital
Terra
Financial
Singapore's financial watchdog pushes back against Terra and 3AC associations
Ravi Menon, the managing director of the Monetary Authority of Singapore, or MAS, said companies often labeled by the media in connection to the recent market volatility as “Singapore-based” were not representative of the country’s approach to crypto regulation.
18.07 / 19:49
business
Adoption
Investments
Venture Capital
Web3 dominates venture capital interest in blockchain industry in Q2 2022
Cointelegraph Research brings an analysis of all the deals and trends from venture capital (VC) in the blockchain industry during the second quarter of 2022.
16.07 / 00:53
business
SEC
Funding
Bankruptcy
Crypto Biz: 3AC’s founders are nowhere to be found
In the world of crypto, there’s no such thing as “too big to fail.” Three Arrows Capital, once the most recognizable hedge fund in the industry, has essentially gone belly-up after its founders believed their own hype and decided to go full-degen mode during the worst macro climate of a generation. Since the proverbial shit hit the fan last month, founders Kyle Davies and Su Zhu have kept a very low profile. So low, in fact, that their whereabouts remain a mystery, according to court documents.
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