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Dispersion Capital launches $40M venture fund to ‘bring Web3 to the masses’
23.5.2023
The firm aims to fund startups building infrastructure for Web3 and other decentralized technology projects
Namada, Osmosis to Co-fuse Blockchain to Fund Public Goods
23.5.2023
Privacy-focused blockchain firm Namada is seeking to partner with Osmosis to fund software “public goods” and airdrop its planned NAM token to OSMO investors.
In a recent blog post, Namada co-founder Christopher Goes revealed that he has proposed a partnership with Cosmos-based Osmosis that would...
Solana integrates AI into blockchain, raises grants fund to $10M
23.5.2023
The ChatGPT plugin integrated into Solana is open source and can be downloaded from GitHub
Binance denies fund mismanagement allegations, calls it ‘conspiracy theory’
23.5.2023
A mainstream report citing multiple insiders claimed that Binance mingled customer's funds with corporate funds at Silvergate Bank
TON Foundation launches Accelerator Fund worth $250 million
23.5.2023
TON, short for The Open Network, has launched an Accelerator Fund worth $250 million with the objective of promoting and incentivizing developments on the network. The goal is also to attract new developers to the ecosystem, facilitating innovation on the layer-1 blockchain. Interested developers...
Bitcoin Spurs 5th Consecutive Week of Outflows at Crypto Investment Funds: CoinShares
22.5.2023
The outflows totalled $32 million last week, pushing total during the streak to $232 million
The Kingdom of Bhutan’s Business Division Explores Crypto Ventures With Bitdeer Partnership
22.5.2023
A recent report reveals that Druk Holding & Investments (DHI), the business division of Bhutan’s Royal Government, is exploring crypto initiatives to enhance its portfolio expansion. DHI recently teamed up with Singapore-based crypto company Bitdeer to “jointly develop green...
Africa and Asia-Focused Fintech Jia Raises $4.3 Million in Seed Funding Round
21.5.2023
Jia, a blockchain fintech startup, recently revealed it has raised $4.3 million in a seed funding round which was led by the early-stage consumer crypto fund TCG Crypto. Jia has said it will use the funds raised to bolster its Kenyan and Philippines operations. Later, Jia will also use the capital...
Luxury Auction House Sotheby’s Sells Portion of 3AC’s NFT Collection for $2.5 Million
21.5.2023
Sotheby’s, the luxury auction house, successfully generated $2.5 million through the sale of non-fungible tokens (NFTs) from the now-defunct crypto hedge fund Three Arrows Capital (3AC). Among the sold pieces was Fidenza #725, a digital collectible crafted by the artist Tyler Hobbs. This...
Renowned Investor Jim Rogers Warns US Dollar’s Time ‘Coming to an End’ as Countries Seek Alternatives
21.5.2023
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, says the U.S. dollar’s time is coming to an end as more countries are seeking alternatives to the USD. “Many friends of America are moving, trying to find something to compete with...
How crypto funds shape the development of the digital asset market
20.5.2023
A look at the role played by crypto funds in providing essential capital and liquidity, propelling the growth and expansion of the crypto market
Bankrupt crypto hedge fund 3AC’s NFT auction fetches $2.5M
20.5.2023
Three Arrows Capital is currently undergoing bankruptcy proceedings and owes an estimated $3.5 billion to creditors
Blockchain developers launch $50M fund to increase Wormhole adoption
18.5.2023
Wormhole is a cross-chain messaging protocol often used to transfer assets from one blockchain to another
Unidef Introduces Decemount to Expedite Global Shift to Decentralization
18.5.2023
PRESS RELEASE. Dubai, UAE — May 18, 2023 – Today, Unidef (unidef.org), a global network of organizations focused on hastening the global shift to a decentralized future, proudly unveils its latest initiative, Decemount. This ambitious project seeks to fund and empower talented individuals...
Borderless Capital Leads Wormhole-Powered $50M Cross-Chain Fund
18.5.2023
Among the other investors are Jump Crypto, Arrington Capital, the Solana Foundation and Aptos Labs
Investors Seek Refuge in Cash as Recession Fears Mount, BOFA Survey Reveals
18.5.2023
Investors, plagued by mounting pessimism, have sought refuge in cash, according to a recent survey conducted by Bank of America. The survey highlights a notable 5.6% increase in cash reserves during May, as apprehensive investors brace themselves for a potential credit crunch and a recession....
CoinShares Report: Digital Asset Fund Outflows Reach $200 Million
16.5.2023
Crypto-backed investment funds saw net outflows for the 4th consecutive week last week, bringing the total outflows for the 4-week period to $200 million, CoinShares’ latest crypto fund flows report showed.
For last week alone, outflows from crypto-backed funds reached $53.8 million, approximately...
Animoca Brands now supports the $10 million Global Educators Fund
16.5.2023
Yat Siu, the Chairman of Animoca Brands, has announced that the venture is now a part of the $10 million Global Educators Fund. Animoca Brands gets on board with the intention to contribute to the fund along with other partners, including, but not limited to, GEMS Education, TinyTap, and Dalton...
Bitcoin Has a Problem in the US Says Prominent Hedge Fund Manager Paul Tudor Jones
16.5.2023
American billionaire hedge fund manager Paul Tudor Jones said bitcoin has a “real problem” due to unfriendly regulation in the US, in a recent interview with CNBC.
“Bitcoin has a real problem because in the United States, you have an entire regulatory apparatus against it,” Jones said.
Appearing...
Digital asset market shrinks as fund outflows reach $200M: CoinShares
15.5.2023
According to CoinShares, digital asset investment products saw outflows totaling $54 million last week