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Sequoia Capital Cuts Crypto Fund by Over 65% to $200 Million – What's Going On?
28.7.2023
Venture capital giant Sequoia Capital has slashed the size of its cryptocurrency fund by over 65%, reducing it from $585 million to $200 million, Wall Street Journal reported citing sources familiar with the matter.
The venture capital giant has also made corresponding cuts to its ecosystem fund...
Grayscale urges SEC to approve all Bitcoin ETFs simultaneously
28.7.2023
Grayscale's ETF was previously knocked back by the SEC and it wants it and competing ETFs approved together so none have an advantage
Sequoia slashes its crypto fund by 66% after industry collapses: Report
28.7.2023
The $85-billion venture capital firm launched the Sequoia Crypto Fund in February 2022
Sequoia Capital Slashes Crypto Fund From $585M to $200M : WSJ
27.7.2023
The vaunted VC firm told investors earlier in the year it would shrink the fund to reflect a changed market
Spain's A&G Launches New Crypto Fund Under Spanish Law with PwC Oversight
27.7.2023
Spanish private bank A&G has launched Spain’s first locally regulated crypto hedge fund, the firm announced this week.
The crypto hedge fund has been registered under the name Criptomonedas, F.I.L., and will be overseen by Spain’s financial markets regulator, Comisión Nacional del Mercado...
Private Banking Firm With $14B Assets Starts First Crypto Fund of Spain
26.7.2023
The fund will be accessible to professional investors only and will be audited by PwC
Ethereum Infrastructure Provider Flashbots Raises $60 Million in Series B Funding – Crypto Bull Market Back?
26.7.2023
Ethereum (ETH) infrastructure provider Flashbots has raised $60 million in its Series B funding round, signaling a potential resurgence in the crypto bull market.
The funding round was led by Paradigm, a San Francisco-based technology investment firm, according to a July 21 filing with...
Latam Insights — Argentina Reaches IMF Agreement, Bitfarms to Open New Mining Operations in Paraguay
25.7.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Argentina reached a new agreement with the International Monetary Fund (IMF), Bitfarms will open two bitcoin mining farms in Paraguay, and Venezuela is...
Spanish Bank A&G Launches Crypto Investment Fund Offering
25.7.2023
The leading Spanish private bank A&G has launched a crypto investment fund offering, in a sign adoption is continuing to rise in the European nation.
Europa Press reported that A&G will launch an investment fund product after registering the fund’s brochure with the regulatory National Securities...
BCH Ecosystem Fund Bolsters Cashtokens Ecosystem With $20 Million Investment
24.7.2023
PRESS RELEASE. Dubai, July 24, 2023 – The BCH Ecosystem Fund has announced a significant $20 million investment in the Cashtokens ecosystem, following unanimous approval during the Bitcoin Cash (BCH) Network Upgrade on May 15, 2023. The Cashtokens protocol holds the potential to create...
Crypto Investors Sour on Bitcoin Funds After Massive Inflows, Turn Instead to Ether and XRP
24.7.2023
Digital asset investment products recorded outflows last week for the first time since mid-June, CoinShares reported
Blackrock’s Bitcoin ETF Application Update, Warnings of Possible Reversal in XRP Ruling, and More — Week in Review
23.7.2023
Financial megalith Blackrock’s bitcoin exchange-traded fund (ETF) application has now been accepted by the U.S. Securities and Exchange Commission, and added to the regulator’s docket. In related news, a former official from the SEC has said the recent ruling on XRP from the SEC...
FTX Sues SBF, Former Execs to Recover Over $1 Billion
22.7.2023
Crypto exchange FTX is trying to regain $1 billion in a lawsuit against founder Sam Bankman-Fried (SBF) and some former executives. FTX’s new management argues the funds were misappropriated through dubious deals and transactions made before the coin trading platform went bankrupt last fall. Failed...
Craig Wright Will Be Able to Fight Bitcoin Copyright Claim in UK After Winning Appeal
21.7.2023
Craig Wright, who claims to be Bitcoin inventor Satoshi Nakamoto, will be able to argue his case that the Bitcoin file format should receive copyright protection under UK law after a bench of three UK judges accepted his appeal to a previous court denial, according to a court filing
Central Bank of Argentina Reduces Dollar and Yuan Disbursement to Importers
21.7.2023
Importers are accusing the Central Bank of Argentina of stalling on the delivery of dollar-based payments under the pretext of high freight costs. According to importers, the Argentine government considers freight costs exceeding 15% of the value of the merchandise imported as an inconsistency....
Former FTX COO Constance Wang Joins Sino Global Crypto Fund
20.7.2023
Zhe Constance Wang, a former associate of the embattled FTX CEO Sam Bankman-Fried has joined Sino Global Capital, a digital asset fund as its head of gaming.
Wang has often been described as a “right-hand man” of Bankman-Fried in his funding push during her time at FTX. She joined the exchange...
Myanmar Shadow Government to Start Neobank With Crypto Rails to Fund Fight Against Military Junta
20.7.2023
The National Unity Government bank is set to run on Polygon and do currency swaps via Uniswap v3 pools and USDT stablecoins
US Securities Regulator Accepts Valkyrie’s Spot Bitcoin ETF Application
19.7.2023
The U.S. Securities and Exchange Commission (SEC) has formally accepted the spot bitcoin ETF application filed by asset manager Valkyrie. The move, which opens the door to an official review process, follows last week’s acknowledgment of Blackrock’s bitcoin ETF application. U.S. SEC to Review...
Solana Foundation, Polygon Lead $30M Fundraise for Web3 Firm Cosmic Wire
19.7.2023
The startup offers metaverse-creation tools and a list of general blockchain infrastructure solutions
Ex-FTX COO Constance Wang Joins Crypto Fund Sino Global
19.7.2023
Matthew Graham, Sino Global’s founder and CEO, was a close associate of Sam Bankman-Fried during FTX’s rise