City Venture Financial News

15.06 / 09:17

business Blockchain defi lending Su Zhu’s cryptic statement as rumors swirl of 3AC liquidations and insolvency

Su Zhu, the co-founder of Singapore-based crypto venture capital firm Three Arrows Capital (3AC) has put out a cryptic statement on Twitter in response to swirling rumors that the company is battling against insolvency.

11.06 / 18:41

Blockchain Technology Adoption Investments What are investment DAOs and how do they work?

A decentralized autonomous organization (DAO) that raises and invests capital into assets on behalf of its community is an investment DAO. Investment DAOs tap into the power of Web3 to democratize the investment process and make it more inclusive.

11.06 / 00:11

business Stablecoin Funding Usd Coin Crypto Biz: Stablecoins are paving the way for mass adoption of crypto, June 2-8

Stablecoins are a controversial subject in crypto. Questioning the legitimacy and backing of Tether (USDT) is a right of passage for many entering the crypto market for the first time. The meltdown of the Terra ecosystem left little doubt that algorithmic stablecoins don’t have a future beyond Do Kwon’s fantasies. Pesky regulators are constantly poking and prodding at dollar-pegged assets in order to carve out firmer rules on their usage.

10.06 / 20:09

business Funding Huobi Venture Capital Huobi Global launches $1B investment arm focused on DeFi and Web3

Digital asset exchange Huobi Global has spun out a new investment arm focused on decentralized finance (DeFi) and Web3 projects, further highlighting venture capital interest in the blockchain economy.

09.06 / 12:17

Blockchain UPS Pool Solana Launches $100m Web3.0 Fund for South Korean Startups

Solana, one of the biggest Layer-1 blockchain protocols, through its subsidiaries Solana Ventures and Solana Foundation, has launched a $100 million fund to back startups in the South Korea Web3.0 ecosystem.

08.06 / 21:53

business Funding Venture Capital DAO ‘Data DAO’ Delphia raises $60M Series A led by Multicoin Capital

Algo-adviser startup Delphia has closed a $60 million investment round backed by some of crypto’s biggest venture funds as it embarks on the creation of a new data-focused decentralized autonomous organization (DAO).

02.06 / 22:05

business Funding Venture Capital Research After record growth, VC crypto investments decline 38% in May

This short-term decline in investments can be correlated to the recent market correction, which made Bitcoin (BTC) and other major cryptocurrencies lose 50% or more of their value.

02.06 / 08:35

business Blockchain Adoption Netscape creator says Web3 really is like the rise of the early internet

Billionaire tech entrepreneur turned venture capitalist, Marc Andreessen says that Web3 and its underlying blockchain technology reminds him of the rise of the early internet.

30.05 / 17:53

business Funding Metaverse Asset Tokenization VC Roundup: The rise of blockchain gaming, DAO management and asset tokenization

Bitcoin (BTC) and the broader cryptocurrency market have provided very little comfort in recent weeks, as macroeconomic headwinds and the implosion of the Terra ecosystem continue to reverberate. But, if we look beyond the immediate price action, we observe an industry that continues to grow and evolve, as well as attract sizable capital investments from major funders. The latest edition of venture capital (VC) Roundup highlights the continued growth of Web3 gaming, metaverse applications and even decentralized finance (DeFi) protocols.

29.05 / 14:51

Blockchain cryptocurrency Venture Capital Future Cryptos crumble but VCs remain gung-ho on future prospects

According to a report compiled by financial services and investment management firm Galaxy Digital, Venture Capitalists (VCs) have invested over $10 billion in crypto startups in the first quarter of this year.

27.05 / 21:27

business Google Funding Venture Capital smart money Crypto Biz: Smart Money is betting big on Web3, layer 2, May 19-25

Billions and billions. That’s what venture capitalists are spending to get ahead of the curve in crypto. Their latest fixation is Ethereum layer-2 scaling solutions and Web3, an umbrella term that describes the next stage of the internet’s evolution. So, while the cryptocurrency market is in a state of extreme fear, smart money investors — TradFi folks who invest with expert knowledge — continue to pour countless sums into the space.

26.05 / 15:39

business Blockchain Binance Venture Capital Former Binance executives launch $100 million venture fund

Multi-strategy blockchain investment fund Old Fashion Research (OFR) has completed its first close. Led by several former executives from Binance, OFR invested in over 50 blockchain projects in its first year.

25.05 / 22:17

Venture Capital Banks Value Bitcoin JPMorgan places BTC fair price at $38k, declares crypto a preferred alternative asset

JPMorgan has placed Bitcoin’s (BTC) fair price at $38,000, which is 28% higher than its current level of around $29,500, according to a note to clients the bank issued Wednesday. “The past month's crypto market correction looks more like capitulation relative to last January/February and going forward we see upside for bitcoin and crypto markets more generally," the note said. Bank strategist Nikolaos Panigirtzoglou was the lead author of that document.

25.05 / 21:37

business Blockchain Ethereum Bitcoin Andreessen Andreessen Horowitz closes $4.5 billion crypto fund amid market turmoil

Even though crypto markets appear to be on a long, arduous path ahead based on recent weeks of token turmoil, venture investors looking to get their hands on a Web3 future aren't slowing down.

25.05 / 18:29

business Funding Venture Capital Singapore venture firm launches $100M Web3 and metaverse fund

Crypto-focused venture firm NGC Ventures has launched a new ecosystem fund dedicated to Web3 projects, underscoring heightened investor demand for startups that are contributing to the development of a decentralized internet.

25.05 / 16:17

business cryptocurrency Andreessen Andreessen Horowitz raises $4.5 billion for fourth crypto fund

Venture capital giant Andreessen Horowitz said on Wednesday it has raised $4.5 billion for its fourth cryptocurrency fund, bringing its total funds raised for digital currency investments so far to more than $7.6 billion.

24.05 / 23:03

Blockchain interview World Economic Forum Davos WEF 2022: Web3 no longer just about crypto and DeFi, says Polkadot founder Gavin Wood

Although Web3 has become a sort of buzzword in the cryptocurrency community, its application and utility extend far beyond the world of blockchain, according to Polkadot founder Gavin Wood.

21.05 / 16:41

Blockchain Adoption defi How to incorporate a DAO and issue tokens to be ready to raise money from VCs

A DAO, or decentralized autonomous organization, is an online-based organization that exists and operates with no single leader or governing body. DAOs are run by code written on a blockchain like Ethereum (ETH) and are owned and operated by the people who use them.

20.05 / 20:37

business goldman sachs BitMEX Venture Capital Terra Terra Classic Crypto Biz: Amid crypto carnage, Goldman and Barclays fill their bags, May 12-18, 2022

Has there ever been a worse time to be in crypto? It depends on how you look at it. Amid Terra’s death spiral, Bitcoin (BTC) recording seven-consecutive weekly red candles, over $1 trillion in lost market cap across the ecosystem and an aggressive Federal Reserve hell-bent on reversing the chaos it created, major banks are quietly increasing their exposure to the sector. You’re going to love this: Goldman Sachs — once the most passionate Bitcoin detractors — and Barclays are doing some strategic buying as they prepare for the future of crypto trading.

19.05 / 06:27

business Blockchain Job Bitcoin Crypto jobs market holding up despite tech industry cutbacks

The crypto job market shows few signs of slowing down despite high profile cases of staff layoffs and hiring freezes across big tech companies.

19.05 / 05:09

business Technology Gaming $3B flows to Metaverse and Web3 gaming this month as A16z’s tips in $600M

Venture capital firm Andreessen Horowitz (a16z) has launched a $600 million fund dedicated to gaming startups with a focus on Web3 saying it believes “games infrastructure and technologies will be key building blocks of the Metaverse.”

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