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Sequoia Capital Creating $500 Million Crypto Fund for Token Investment


Last October, Sequoia Capital announced intentions to deconstruct the traditional venture capital model by forming a single fund to handle all of its U.S. and European assets (including publicly-traded shares). Now it’s setting out its next steps, including a $600 million fund focused...

Wells Fargo: Cryptocurrency Has Entered ‘Hyper-Adoption Phase’


Financial services firm Wells Fargo says that cryptocurrencies are viable investments that have entered the “hyper-adoption” phase. “Cryptocurrencies have been following an adoption pattern similar to other new advanced technologies, such as the internet,”...

Canadian Lawmaker Introduces Bill to Encourage Crypto Sector Growth


A bill has been introduced in Canada to encourage the growth of the crypto sector. “Canada should be attracting billions of dollars in investment in the fast growing crypto asset industry. Today I introduced a bill, the first of its kind in Canada, to make sure this becomes...

Binance Makes a New Strategic Investment in Forbes


Forbes has released a press note to break the news about Binance’s plan to make a strategic investment in the company. It will be worth $200 million and will form a part of the existing PIPE, short for private investment in public equity, of $400 million without changing any values. The strategic...

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