Venture Capital Financial News

26.03 / 06:13

Government Adoption Venture Capital Bitcoin businesses Businesses should hold two payrolls 'worth of cash' in crypto: Tim Draper

American venture capital investor and entrepreneur Tim Draper advised founders to keep at least two payrolls worth of cash in Bitcoin (BTC) or alternative cryptocurrencies,in response to the uncertainty created by the collapse of Silicon Valley Bank (SVB).

24.03 / 20:21

business Venture Capital consequences bail Venture capitalists bail on Zipmex bailout, company warns of consequences: Report

Cryptocurrency exchange Zipmex has reportedly not received the latest payment under its buyout agreement with venture capital firm V Venture. The exchange has sent a letter to the firm warning that it will have to begin liquidating one of its units without that money.

23.03 / 05:33

business regulation Venture Capital FTX Court Bankruptcy Fried Backed FTX seeks to claw back $460M from Bankman-Fried-backed VC firm

Bankrupt crypto exchange FTX is seeking to recover $460 million of allegedly misappropriated customer funds from venture capital (VC) firm Modulo Capital, which received a sizeable investment from Alameda Research last year.

21.03 / 19:15

business Web3 Funding Venture Capital DAO Anonymous DAO tomi raises $40M for 'surveillance-free' internet

Alternative internet developer tomi has raised $40 million from venture capital firms as part of a broader effort to lure content creators to its decentralized World Wide Web alternative.

12.03 / 12:13

business Adoption Investments Venture Capital Banks Silicon Valley SOLIDARITY Over 100 VCs, investors voice solidarity with Silicon Valley Bank

As the 40-year-old banking institution, Silicon Valley Bank (SVB), winds down operation, numerous venture capitalists and investors joined hands and decided to cushion the impact in case the bank “were to be purchased and appropriately capitalized.”

12.03 / 04:53

regulation Venture Capital Bank of England Silicon Valley Startups Silicon Valley Bank's UK branch shut down by Bank of England

The Bank of England (BoE) has halted the operations of Silicon Valley Bank’s U.K. branch (SVB UK), stating that it has a “limited presence” and no “critical functions” supporting the financial system in the United Kingdom (UK).

11.03 / 20:53

business Blockchain Venture Capital Sky Mavis Failed tech bank SVB held over $5B for prominent crypto VCs: Report

According to a report that began circulating on March 11 in the aftermath of the collapse of Silicon Valley Bank (SVB), prominent blockchain venture capitalists (VCs) have over $6 billion worth of assets held by the now-defunct financial entity. These include $2.85 billion from Andreessen Horowitz (a16z), $1.72 billion from Paradigm and $560 million from Pantera Capital.

27.02 / 21:39

markets business Blockchain Technology Investments Venture Capital Blockchain Founders Fund raises $75M to encourage Web3 mass adoption

Blockchain Founders Fund, a venture capital fund supporting the adoption of Web3 and blockchain technology, has announced the close of a $75 million fundraising round from companies such as Polygon, Ripple, Octava, NEO Global Capital, Appworks, GSR, LD Capital, Metavest Capital and others, such as Sebastien Borget, chief operating officer of The Sandbox.

24.02 / 15:25

Blockchain Adoption Investments Venture Capital cryptocurrency investment Q4 VC blockchain and crypto funding drops off in Q4 2022: Report

2022 will go down as a tough year for the cryptocurrency space and bleak market conditions were mirrored by a downtrend of venture capital funding flowing into blockchain and crypto activities.

22.02 / 09:21

Ethereum NFT Investments coinbase Reddit Venture Capital Decentralization Reddit co-founder bought 50,000 Ether during pre-sale, for $15K

The co-founder of the social media website Reddit, Alexis Ohanian, reportedly bought 50,000 Ether (ETH) for just $15,000 during the cryptocurrency’s presale in 2014, a cost of just 30 cents per coin.

13.02 / 20:23

business Report Venture Capital Research Bitcoin Led by Bitcoin, blockchain industry starts 2023 off strong: Report

2023 is off to a great start, with Bitcoin (BTC) rocketing up 40% in January. The good news is not relegated to just Bitcoin, however, as this price increase has sent ripple effects across the cryptoverse. Mining revenue jumped $22.66 million in January, and crypto-related stocks doubled on average. Despite this good news, venture capital investments are down 23% from the previous month.

09.02 / 01:53

business Europe Venture Capital Deutsche Bank Deutsche Bank's DWS eyes 2 German crypto firms for investment: Report

Deutsche Bank's asset management arm is in discussions to invest in two German crypto companies, according to people familiar with the matter.

08.02 / 18:51

business Blockchain Funding Venture Capital Banks seed funding UK blockchain carbon offset platform raises $45M in seed funding

According to a press release published on Feb. 8, blockchain carbon credit transaction network Carbonplace has secured $45 million in an investment round from its nine founder banks with a combined $9 trillion in assets under management. The banks are BBVA, BNP Paribas, CIBC, Itaú Unibanco, National Australia Bank, NatWest, Standard Chartered, SMBC, and UBS. The London-based fintech has also announced that it will become an independent entity, led by new CEO Scott Eaton.

08.02 / 00:53

business Investments Funding Venture Capital DAO zk VC Roundup: ZK proofs, DeFi protocol and longevity DAO attract investment

2023 is off to a tepid start for crypto venture capital, as the industry continues to emerge from a prolonged bear market. But that doesn’t mean there aren’t deals. In January, Cointelegraph reported a $125 million raise from Blockstream, a $60 million allocation to QuickNode and pair of ecosystem funds from Injective and SSV worth $150 million and $50 million, respectively.

07.02 / 16:47

business Altcoin Scams Venture Capital avalanche Long-standing crypto project vs. scam: Ava Labs CEO shares key difference

Emin Gün Sirer, creator of the Avalanche Consensus protocol and Ava Labs CEO, believes that there is one very straightforward method to spot a long-standing cryptocurrency project.

06.02 / 01:09

business defi Uniswap Venture Capital DAO a16z votes against proposal to deploy Uniswap V3 on BNB Chain

Venture capital firm Andreessen Horowitz (a16z) voted against a final proposal to deploy Uniswap V3 on the BNB Chain using the Wormhole bridge, shows the Uniswap DAO forum.

27.01 / 22:45

business Funding Venture Capital Bankruptcy Celsius NOT Crypto Biz: A peek into BlockFi’s secret financials (it’s not pretty)

Crypto lender BlockFi has had a highly tumultuous 12 months. After getting caught up in the Terra fiasco, which resulted in one of the most prolific asset death spirals of all time, the company managed to avoid bankruptcy after receiving a $400 million lifeline in July 2022. The problem? Its lender was FTX US, and we all know what happened next.

26.01 / 00:21

business Grayscale Venture Capital Digital Currency Group 500 DCG companies have laid off over 500 employees as contagion spreads

Hundreds of people have lost their jobs at companies owned by crypto venture capital firm Digital Currency Group (DCG), as the long crypto winter, made colder by the FTX collapse, continues to affect the sector.

25.01 / 20:35

Blockchain Adoption Investments Venture Capital fall Venture capital investments into blockchain continue to free-fall: Report

Cointelegraph Research has analyzed all the deals and trends from venture capital in the blockchain industry during the fourth quarter of 2022. The second half of 2022 saw a dramatic decline in capital inflows across all five major sectors of the blockchain industry: decentralized finance (DeFi), centralized finance (CeFi), nonfungible tokens (NFTs), infrastructure and Web3. The first half of 2022 brought in just under $30 billion of investment, while the second half only saw $7.3 billion — a dramatic plunge.

25.01 / 17:39

business defi Funding Venture Capital Cosmos boost Injective launches $150M ecosystem fund to boost DeFi, Cosmos adoption

Injective, a layer-1 blockchain protocol founded in 2018, has launched a $150 million ecosystem fund to support developers building on the Cosmos network.

24.01 / 17:15

business Web3 Funding Venture Capital valuation Blockchain developer QuickNode raises $60M at $800M valuation

Blockchain development platform QuickNode has closed a $60 million funding round as part of a global expansion intended to onboard more users and developers to Web3 applications.

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