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Galaxy, Lightspeed Lead $15M Raise for Turnkey, Crypto Wallet Startup From Former Coinbase Employees
23.4.2024
The company from ex-Coinbase employees aims to help developers build better blockchain wallets
Former Israeli Military Intel Personnel Launch New Crypto Firm Blockaid with $33 Million in Funding – What Does it Do?
24.10.2023
Web3 security company Blockaid said it has emerged from stealth with $33 million in funding to protect users from fraud, phishing, and hacks.
The company, founded in September 2022, concluded its series A funding round, bringing the total raised to $33 million, led by Ribbit Capital and Variant...
Leading Venture Capital Firms Including Softbank and Sequoia Named as Defendants In Fresh Lawsuit for Links With FTX
9.8.2023
A class-action lawsuit filed in the United States District Court for the Northern District of California has named 18 venture capital investment firms as defendants for their links with the bankrupt crypto exchange FTX.
The lawsuit has named major VC firms as defendants, including Temasek, Sequoia...
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...
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
Bridge Protocol LayerZero Passes 50M Cross-Chain Messages
25.7.2023
The milestone highlights the demand for crypto users to transfer liquidity between chains and conduct cross-chain token swaps
Change the Code Blasts Wall Street for Propping Up Bitcoin Initiatives
30.6.2023
Change The Code, a Greenpeace-backed initiative that seeks to change Bitcoin’s consensus algorithm, has blasted Wall Street companies for the support they are showing to Bitcoin-related activities. On social media, it has called out companies like Fidelity, Blackrock, JPMorgan, and Goldman...
Crypto Protocol LayerZero Raises $120M Series B at $3B Valuation
4.4.2023
The cross-chain interoperability and messaging protocol last raised funds in March 2022 at a $1 billion valuation
FTX’s $45M Sequoia Sale Cleared, as Embed Divestment Delayed
29.3.2023
A Delaware bankruptcy judge approved the sale of the bankrupt company’s assets to Abu Dhabi’s investment arm
FTX Reaches $45M Deal to Sell Interest in Sequoia to Abu Dhabi's Investment Arm
9.3.2023
The agreement requires approval from a Delaware bankruptcy court as failed exchange seeks to raise funds for creditors
Sequoia, Multicoin Lead $6M Round for Crypto Startup TipLink
21.2.2023
TipLink's technology lets users send crypto assets and NFTs through an easy-to-use link
Sequoia Capital, Paradigm among VCs facing "tricky" FTX investor lawsuit
15.2.2023
It’s a “tricky case,” as it is unknown what obligation these firms actually had to “completely separate investors,” suggests a crypto lawyer
BlackRock CEO: FTX Token caused downfall, but tech still revolutionary
1.12.2022
Despite taking issue with tokens created by centralized exchanges, BlackRock’s CEO sees securities tokenization as the next evolution of the financial market
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...
Report: Crypto Crash Kingpin Who Played League During Meetings Apparently Sucked At It
14.11.2022
Last week, crypto exchange FTX went from being valued at nearly $32 billion to filing for bankruptcy, and its founder, Sam Bankman-Fried, went from being the crypto space’s only ethical genius to being just a dude like the rest of us, albeit one who lost customers and investors alike a fortune....
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...
CEO Of Crypto’s Biggest Bust Played League Of Legends While Pitching Investors
10.11.2022
FTX CEO Sam Bankman-Fried spent the last year on a victory tour. The “crypto kingpin” held court at Bloomberg’s Crypto Summit over the summer and was crowned as a mega donor savior to Democrats in the midterm elections. His company even gloated about him playing League of Legends during high-level...
Sequoia Capital marks down entire $214M FTX stake to zero
10.11.2022
The venture capital firm assured partners it ran a rigorous due diligence assessment when it invested in FTX, finding the exchange to generate $1 billion in revenue and $250 million in operating income
Twitter monetization and free speech drove Binance's $500M injection: CZ
1.11.2022
Binance will also assist Twitter’s integration into Web3 by implementing crypto payments and deploying a dedicated team of on-chain specialists to stop spam bot accounts