City Venture Financial News

09.03 / 15:25

business Adoption Gaming Cake DeFi Cake DeFi launches $100M venture arm for Web3, gaming and fintech initiatives

Singapore-based decentralized finance (DeFi) services firm Cake DeFi announced the launch of a $100 million venture arm dedicated to serving as accelerators for Web3, gaming, nonfungible tokens (NFT) and other crypto initiatives.

08.03 / 18:45

business Blockchain Women Bitcoin Equality If the glass slipper doesn’t fit, smash it: Unraveling the myth of gender equality in crypto

Crypto’s reputation as a boys’ club does not come as a surprise: It sits at the very intersection of tech and finance, perpetuating the legacy of “bro culture” that is coded into Silicon Valley and Wall Street. It was only in 2020 when Citigroup bank appointed the company’s first female CEO, Jane Fraser. This was a milestone in its 200-year long history and in the history of Wall Street itself, having the first woman lead one of the largest Wall Street banks.

08.03 / 16:17

business Investments Bitcoin Bain Capital Ventures sets up half a billion-dollar fund for crypto projects

Bain Capital Ventures, one of the world's largest startup-investment firms with $5.1 billion in assets under management, has announced the formation of a new $560 million fund that will focus on crypto-related investments.

08.03 / 00:55

Citi CEO Gap Citigroup boost businesses Closing the gender gap for women-led businesses could boost global GDP by $2 trillion, Citi says

Women receive a small fraction of venture capital funding and closing the investment gender gap could drive economic growth, according to a new report from Citigroup.

07.03 / 19:51

business Web3 Funding Venture Capital VC Roundup: Web3 infrastructure developers attract major investors

Despite extreme volatility in the price of crypto assets, venture funds continue to make strategic investments in the industry. In recent weeks, the focus has shifted to infrastructure developers in Web3, play-to-earn and GameFi — nascent industries that still have significant upside ahead.

04.03 / 10:11

Adoption Funding City-building startup Praxis secures $15M in Series A Funding

Peter Thiel-backed city-building startup Praxis has raised $15 million in Series A funding from a variety of crypto venture firms led by Paradigm Capital, Sam Bankman-Fried's Alameda Research, and Three Arrows Capital.

28.02 / 10:57

Venture capital firms that diversify risk losing their distinctiveness

The extraordinary boom in private funding for early-stage businesses has attracted banks and mainstream investors into territory long‑dominated by venture capital firms. In response, some venture capital firms are starting to look more like banks and mainstream investors. This seems a risky strategy.

21.02 / 17:21

Blockchain Provident Lowe's CEO AIM Interview with Alfprotocol CEO: “We aim to become a homepage for DeFi on Solana”

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

17.02 / 20:31

business Funding Venture Capital Digital Currency Group DCG leads $205M growth fund for The Graph

Blockchain data indexing protocol The Graph has launched a $205 million ecosystem fund to lure new developers to its platform, offering further evidence that venture capital firms were still keen to support growth funds centered around decentralized applications.

17.02 / 19:17

business Funding Venture Capital Sequoia Capital launches crypto fund worth up to $600M

American venture capital firm Sequoia Capital has launched a new cryptocurrency fund as part of its ongoing efforts to bootstrap the next generation of promising crypto-focused startups.

17.02 / 12:55

Blockchain UPS Target Digital crypto startups Digital Asset Firm Castle Island Ventures Raises $250M to Target Web3 Crypto Startups

Digital asset company Castle Island Ventures completed the largest financing in history, up to $250 million to invest in startups focused on building currency networks, financial services and Internet architecture, such as web3.

16.02 / 13:01

UPS Ethereum Reddit Ethereum wallet Rainbow Raises $18M in Series A Funding

Ethereum wallet Rainbow has raised $18 million in Series A funding.

14.02 / 20:13

business Funding Metaverse Venture Capital VC Roundup: Animoca leads NFT3 raise, Arca launches NFT fund and Alexis Ohanian broadens crypto exposure

Venture capital funding in the cryptocurrency market is showing no signs of slowing, as major investors continue to back promising startups in niche industries spanning the metaverse, nonfungible tokens (NFTs) and GameFi.

11.02 / 12:39

Blockchain DEX Decentralized Exchange Venture Capital Support Active funds in the DeFi sector provide support to liquidity protocol on Solana

Centralized exchanges continue to be among the most used tools for investors to buy, sell and exchange cryptocurrencies, a reality often likened to the level of security and monitoring the third party can provide to the end-user. Consider that thousands or even hundreds of thousands of dollars can be lost without a centralized exchange if the investor forgets their key.

10.02 / 14:53

business Adoption Investments PwC Meet the top 5 busiest crypto funders of 2021, according to PwC

Merger and acquisition deals in the cryptocurrency industry, simply known as M&As, have massively increased in 2021, with associated value jumping nearly 5,000%, according to PwC, one the largest accounting firms in the United States.

07.02 / 18:31

business Polygon Funding Venture Capital Polygon raises $450M in Sequoia-led funding round

Layer-2 scaling solution Polygon has raised $450 million in a funding round that was backed by some of blockchain’s biggest venture funds — offering further evidence that major investors are looking to support the future of Web3 development.

04.02 / 18:11

business Blockchain VC funding Blockchain startups grow as global VC funding generated $25.2B in 2021

Last year was impressive for blockchain startups, as research from CB Insights found that venture capital funding reached new heights during every quarter of 2021. According to CB Insights’ “State Of Blockchain 2021” report, $25.2 billion worth of venture capital funding went to global blockchain startups last year, demonstrating a 713% increase from $3.1 billion in 2020.

04.02 / 00:31

business Funding Venture Capital Crypto Biz: The crypto industry is more bullish than the Bitcoin charts, Jan. 27–Feb. 2

Is Bitcoin (BTC) in a bull market or a bear market? Has the current market cycle already peaked or can we expect another leg higher? Venture capital funds don’t seem to care either way. They’re too busy building equity in promising blockchain plays.

03.02 / 17:25

business Latin America Funding South America Crypto-focused enterprise payment platform Tribal Credit raises $60M

Crypto-focused enterprise payment platform Tribal Credit has raised $60 million in an oversubscribed investment round, putting the company on track to continue its expansion in Latin America — a region that has seen significant uptake of blockchain-based cross-border payments.

31.01 / 17:29

business wallet solana Funding Solana Ecosystem Solana ecosystem wallet Phantom raises $109M

Software wallet and browser extension Phantom has raised $109 million in Series B financing to continue expanding its cross-platform capabilities beyond Solana.

30.01 / 20:19

Twitter coinbase Gemini Kraken Is the Coinbase effect giving the exchange an unfair advantage

We know that the “Coinbase Effect” has turned into an industry-wide phenomenon. This is because any token’s listing by the exchange is known to give a positive push to its value.

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