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Venture Capital Firm Sequoia Apologizes to Fund Investors for $150 Million Loss on FTX
23.11.2022
In a rare move, American venture capital firm Sequoia Capital reportedly apologized to its fund investors for the $150 million it had lost on the now-bankrupt crypto exchange FTX.
The apology was reported by the Wall Street Journal, citing people familiar with the matter. Sequoia’s partners...
zkSync developer Matter Labs raises $200M, commits to open-sourcing platform
16.11.2022
Over 150 projects, including Chainlink, Uniswap and Aave, have signaled their intent to deploy on the layer-2 blockchain
Paradigm co-founder feels 'deep regret' investing in SBF and FTX
16.11.2022
Some challenged whether the multi-billion dollar venture capital firm did enough due diligence on FTX prior to investment
Major VC Firm Sequoia Capital Marks FTX Investment to $0 — Says ‘Liquidity Crunch Has Created Solvency Risk for FTX’
10.11.2022
Venture capital giant Sequoia Capital is marking its investment in the embattled crypto exchange FTX down to $0. “In recent days, a liquidity crunch has created solvency risk for FTX,” the firm stressed, adding that “The full nature and extent of this risk is not known at this...
Egyptian Fintech Raises $31 Million in Series B Funding Round
10.11.2022
Moneyfellows, an Egyptian fintech startup specializing in digitizing money circles, recently announced the close of its Series B funding round that raised $31 million. The funds will be used to finance Moneyfellows’ expansion into other markets as well as accelerate the fintech’s...
FTX Exposure Limited, Says Venture Capital Giant Sequoia
10.11.2022
In a note to Limited Partners, Sequoia says it invested just over $200 million in FTX via two funds
Ramp, builder of crypto payment rails, raises $70M
9.11.2022
The company is building payment rails that could make crypto purchases as ubiquitous as Paypal transactions
Crypto Venture Capital Investment Slowed Further in October: JPMorgan
8.11.2022
The current pace of capital flows is less than one-third of 2021 levels
Founders should consider VC firms their allies as they build in the bear market
7.11.2022
Venture capital firms offer value to startups beyond simply cash. They also bring business experience, broad networks and critical services to the table
Bitpanda Founders Set Up Own Venture Capital Firm: Report
3.11.2022
The three founders of crypto exchange Bitpanda have set up their own venture capital firm, according to a report by The Block Thursday
Venture Capital Firm Paradigm To Host Crypto Tech Event on Capitol Hill
3.11.2022
The Hands On Web3 event aims to give policymakers a hands-on demonstration of the crypto technologies they could regulate
Mastercard Study: African Fintech Sector Had One of the Highest Year-on-Year Growth Rates in Funding in 2021
1.11.2022
In 2021, African fintech startups accounted for 61% of the $2.7 billion in venture capital funding that was deployed on the continent, a new study has found. While its share of global fintech funding is just over one percent, the continent’s fintech sector still recorded one of the highest...
Celo ecosystem projects raise $77.3M in support of interoperability, ReFi
27.10.2022
The Celo blockchain supports mobile-first DeFi payment infrastructure. Several companies building on the platform have received venture funding
How Crypto Traders Are Reinventing Venture Capital
27.10.2022
Venture capital recedes from crypto in Q3, but not all is bleak: Report
26.10.2022
Even though venture capital inflows into the blockchain industry dropped by 66% in Q3 2022, it doesn’t necessarily suggest an overwhelmingly bearish sentiment
Proof-of-Stake L1 Blockchain Token Aptos Climbs Close to 20% Higher in 24 Hours
22.10.2022
Five days ago, the Aptos blockchain went live after the project received an influx of capital from venture capital (VC) firms and crypto exchanges like a16z, Binance, and FTX. During the past 24 hours, aptos (APT) is up more than 19% against the U.S. dollar and up 11.1% against bitcoin’s...
VC Roundup: Web3 dev, EVM sharding and crypto banking headline blockchain funding deals
22.10.2022
WWVentures, Shardeum, Myna Swap, Antic, Juno, Zerion and thirdweb attract venture capital interest in latest funding blitz
Celestia Foundation raises $55M for modular blockchain architecture
19.10.2022
The company claims that the technology will solve the challenges inherent when deploying and scaling blockchains
Bitcoin, venture capital and security tokens flash green: Report
18.10.2022
There are positive signals for crypto as Bitcoin closed September with only a 3% drop, while venture capital was up 20.6% and security token volume was up 19.76%
VC-Backed Blockchain Project Aptos Reveals Protocol’s ‘Mainnet Has Arrived’
18.10.2022
A new layer one blockchain network called Aptos announced the launch of its mainnet on Monday, following a slew of capital injections from a number of venture capital (VC) firms. The blockchain protocol, crafted with a Rust-centric programming language dubbed Move, is backed by VC companies such...