City Venture Financial News

12.07 / 23:59

business Funding Venture Capital DAO Multicoin Capital raises $430M for new crypto startup fund

Prominent crypto investor Multicoin Capital has launched a new venture fund valued at $430 million, further demonstrating venture capital’s growing interest in the blockchain economy amid the bear market.

12.07 / 22:39

business Funding Metaverse Sandbox Animoca Brands raises $75M to advance ‘open metaverse’ concept

Blockchain gaming and venture studio Animoca Brands has closed another strategic funding round, giving the company additional resources to expand its acquisition targets in the metaverse sector.

12.07 / 13:17

Provident Waves Digital Gap Gate Ventures Invests in Crossover Markets Group Seed Round

Disclaimer: The text below is a press release is not part of Cryptonews.com editorial content.

09.07 / 20:03

business Payments Funding Venture Capital VC Roundup: ‘Web5,’ Metaverse sports and Bitcoin monetization startups generate buzz

A lot has happened in the Bitcoin (BTC) and cryptocurrency markets since our last edition of VC Roundup. The monumental collapse of the Terra ecosystem spilled over into other segments of the digital asset market, exposing over-leveraged traders, lending platforms and venture capital funds. In the process, Bitcoin’s price plumbed new lows, falling below the previous cycle’s peak for the first time in its history.

08.07 / 21:47

business Bankruptcy VC funding Bitcoin Miner Broker Crypto Biz: Crypto broker goes bankrupt, Bitcoin miner capitulates and China VC funding soars

Those of us anxiously awaiting a summer relief rally for Bitcoin (BTC) may have to wait a little while longer. The bear market is still cleansing us of our excess — and revealing the most toxic players in our industry. I’ve talked to you about Terra, Celsius, Three Arrows Capital, BlockFi— what about Voyager Digital? The crypto broker filed for Chapter 11 bankruptcy this week, putting hundreds of thousands of creditors on high alert.

08.07 / 02:01

business Blockchain Gaming Sky Mavis VC firm Konvoy launches new $150M fund, eyes blockchain-based games

Venture capital firm Konvoy Ventures is set to fork out at least $30 million to back various cryptocurrency and blockchain-based games.

05.07 / 14:13

business Blockchain Bitcoin Crypto investor Sequoia Capital China reportedly raises $9 billion

Sequoia Capital China, the Chinese affiliate of cryptocurrency-friendly venture capital firm Sequoia Capital, is about to raise $9 billion for its four new funds focused on Chinese startups.

02.07 / 01:07

business coinbase MicroStrategy goldman sachs Crypto Biz: Coinbase downgraded, 3AC deemed insolvent and Michael Saylor buys the dip

Coinbase has long been considered an important bellwether of the cryptocurrency market. Last year, when the company was expanding its workforce, adding institutional clients and issuing stock, crypto prices were hitting record highs. Now, in the depths of crypto winter, Coinbase finds itself slashing a fifth of its workforce, losing retail trading volume and contending with downgrades of its credit and stock.

01.07 / 23:15

business Investments lending Deal Option BlockFi announces deal with FTX US, including 'option to acquire' for $240M

FTX US has inked a deal with BlockFi that will give the crypto derivatives exchange the option to purchase the lending firm.

30.06 / 18:21

business Adoption Investments Funding OP Crypto launches $100M fund to back early-stage crypto VCs

OP Crypto, a cryptocurrency venture capital firm founded by former Huobi executive David Gan, is launching a new fund to support emerging fund managers focused on early-stage crypto investments.

30.06 / 15:19

business regulation Venture Capital information Singapore reprimands 3AC for providing false information

The Monetary Authority of Singapore (MAS) has reprimanded Three Arrows Capital (3AC), a battled hedge fund, for providing inaccurate information to the authorities. In a statement published Thursday, the MAS said that the firm violated capital requirements by having assets under management in excess of the permitted amount.

27.06 / 16:27

business exchanges Bitcoin Voyager Digital issues notice of default to Three Arrows Capital

Crypto exchange Voyager Digital has issued a notice of default to hedge fund Three Arrows Capital (3AC) for its failure to pay its 15,250 Bitcoin (BTC) and 350 million USD Coin (USDC) loan disclosed in a previous statement.

25.06 / 00:03

business event kpmg Toronto Crypto Biz: Crypto was in full swing at Collision Conference, June 17-23

For all the gloom and doom in the cryptocurrency market these days, our industry continues to make inroads into mainstream tech. This week, I had the pleasure of attending the sold-out Collision Conference in Toronto, and crypto was featured prominently. During the event, I got to moderate three panels, including two that were crypto-focused. The fact that the biggest tech conference in North America is letting me talk cryptocurrency after a six-month bloodbath proves there’s more to the industry than just price. And, I’m not saying the price isn’t important — but context is everything.

23.06 / 09:47

business Blockchain Citi defi Nexo hires Citibank to advise on acquisitions during market turmoil

Crypto lending platform Nexo, says that its strong balance sheet means it can ride to the rescue to provide liquidity during the current market turmoil by acquiring the assets of struggling crypto firms.

22.06 / 23:27

business Blockchain exchanges Bitcoin Voyager enters into $500M loan agreement with Alameda amid 3AC exposure

Trading platform Voyager Digital takes a loan from trading firm Alameda Research because of its exposure to crypto venture capital firm Three Arrows Capital (3AC).

22.06 / 13:31

business Funding Bitcoin valuation Crypto brokerage FalconX raises $150M at $8B valuation

Despite the ongoing bearish trend in cryptocurrency markets, venture capital firms continue pouring capital into major industry players like FalconX.

18.06 / 00:09

business Tether coinbase Bankruptcy Crypto Biz: Crypto carnage pushes Celsius, Three Arrows Capital closer to insolvency, June 9-16

The 2022 version of crypto winter has been unlike anything we’ve seen before. As I warned last month, the meltdown of the Terra ecosystem didn’t end with Luna Classic (LUNC) hitting zero. The biggest threat was contagion. As the dust began to settle, we finally got a glimpse of who was left holding the bag. Crypto lender Celsius and Singapore-based venture firm Three Arrows Capital suffered heavy losses during the debacle. These firms, once a staple of the budding crypto industry, now risk demise following weeks of massive selloffs in the market.

17.06 / 19:47

business Venture Capital BTC Markets Terra Three Arrows Capital weighs bailout as Kyle Davies breaks silence: Report

Crypto-focused hedge fund and venture capital firm Three Arrows Capital is considering the sale of remaining assets and even a bailout as it grapples with the prospect of insolvency in the wake of a violent collapse in digital asset markets.

17.06 / 14:37

business Adoption Binance defi Bear market no issue for Binance Labs’ DeFi incubation program

Binance Labs, the venture capital and incubation arm of the Binance cryptocurrency exchange, continues its business as usual despite the ongoing bear market.

16.06 / 12:35

business Blockchain defi Investments freeze Liquidity provider asks platforms to freeze 3AC funds to recover assets after litigation

Danny Yuan, the CEO of trading firm 8 Blocks Capital, called out to platforms that are holding funds owned by 3AC to freeze the assets, as rumors of 3AC’s insolvency stay afloat.

16.06 / 04:41

business Blockchain Adoption Investments True Global Ventures doubles down on Web3 with $146M ‘follow-on’ fund

Venture capital firm True Global Ventures 4 Plus (TGV4 Plus) has announced the closure of a $146 million funding round earmarked for a wide range of Web3 projects — highlighting investors’ continued interest in crypto despite an ongoing bear market.

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