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Kraken Ventures to raise $100M in second fund with focus on ‘early stage founders’
14.8.2023
The organization will also reserve a “significant portion” of the fund for follow-on investments and long-term entrepreneurial support
Legal Twist: Three Arrows Capital Co-Founder's Citizenship Renunciation Disrupts Court's Jurisdiction in Bankruptcy Case
14.8.2023
In the bankruptcy case of Three Arrows Capital (3AC), a crypto hedge fund that ceased operations, a judge has rejected a request to hold co-founder Kyle Davies in contempt of Court and impose sanctions....
Read More: Legal Twist: Three Arrows Capital Co-Founder's Citizenship Renunciation Disrupts...
Russia to Test Digital Ruble in 11 Cities, Moscow Subway
12.8.2023
Russia’s capital Moscow and 10 other cities will host pilot tests for the digital ruble, Bank of Russia Deputy Governor Olga Skorobogatova announced. Over a dozen Russian banks are going to take part in the trials with real transactions and users scheduled to commence in mid-August. Russia Prepares...
Crypto Biz: PayPal’s stablecoin goes live, Bitstamp seeks capital, and Coinbase's L2
11.8.2023
This week’s Crypto Biz explores PayPal’s stablecoin, Coinbase’s new layer 2 network, Bitstamp’s fundraising and the growing popularity of crypto bots on Telegram
Crypto Biz: PayPal’s stablecoin goes live, Bitstamp seeks capital, and Coinbase’s L2
11.8.2023
This week’s Crypto Biz explores PayPal’s stablecoin, Coinbase’s new layer-2 network, Bitstamp’s fundraising and the growing popularity of crypto bots on Telegram
Dubai-Based Illuminati Capital Raises $50 Million for Web3 and Gaming Investments
11.8.2023
The new Dubai-based crypto venture fund Illuminati Capital has raised $50 million for a fund that aims to invest in early-stage blockchain and Web3 gaming startups.
According to a report from VentureBeat, the hope with the new VC fund is to bring the founders’ experience from the blockchain...
Digital Currency Group Strikes Back: Motion to Dismiss Gemini’s Lawsuit Filed
11.8.2023
Digital Currency Group (DCG) has filed a motion to dismiss the lawsuit brought against them by Gemini Trust Company, LLC. The motion, filed in the Southern District of New York, argues that Gemini’s allegations of fraudulent misrepresentations related to the Gemini Earn program are without...
TSMC Advances Towards 2-Nanometer Chips in Taiwan; A Breakthrough That Could Revolutionize Bitcoin Mining
10.8.2023
Taiwan Semiconductor Manufacturing Co. (TSMC) is taking bold strides toward the future of semiconductor technology, planning to manufacture next-generation 2-nanometer (nm) chips at a new plant in Kaohsiung, Taiwan. Reports detail that the date for mass production remains undecided, with...
How to become a ‘Blockchain Radical,’ according to podcaster Joshua Dávila
9.8.2023
Despite its libertarian reputation, author and podcaster Joshua Dávila, aka The Blockchain Socialist, believes crypto is for everyone — including the Left
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...
VC Firm Blockchain Capital Twitter Account Hacked, Starts Promoting a Fake Token Giveaway
9.8.2023
Hackers are believed to have gained access to crypto-focused venture capital firm Blockchain Capital’s X (Twitter) account, fraudulently offering a giveaway of tokens called “BCAP.”
Hackers made a series of posts on Aug 9., promoting a token claim scam to lure customers to connect their...
Temasek, Sequoia Capital, Softbank and 15 VCs face lawsuit for “abating” FTX fraud
9.8.2023
The lawsuit alleged that these VC firms made many deceptive and misleading statements about FTX while encouraging customers to invest in the exchange for their personal gain
Blockchain Capital’s X account hacked promoting token claim scam
9.8.2023
The account has made multiple posts promising a token giveaway and ushers users to a copycat website to connect their crypto wallet
Multicoin Backer L1 Digital Raises $152M for Second Crypto VC Fund
8.8.2023
The Swiss advisor makes direct investments in crypto projects and also backs early-stage crypto investment firms
Ubik Capital announces a collaboration with Injective
8.8.2023
Ubik Capital has announced joining hands with Injective. The collaboration comes with the objective of revolutionizing the DeFi landscape, that is the landscape of decentralized finance. Both will now unlock the possibilities of decentralized trading by leveraging the potential of the fully...
Sino Global Capital Takes Legal Action, Files $67.3 Million Claim Against FTX Trading Ltd
8.8.2023
Sino Global Capital, led by Matthew Graham, has taken legal action against now-defunct crypto exchange FTX, filing a claim worth $67.3 million on behalf of its Liquid Value fund.
The fund, launched in collaboration with former FTX CEO Sam Bankman-Fried in 2021, intended to raise $200 million...
Bitstamp crypto exchange to raise funds for global expansion: Report
8.8.2023
One of the world’s oldest cryptocurrency exchanges, Bitstamp, is trying to scale its operations with new fundraising advised by Galaxy
Binance's VC Arm Dominated Funding Rounds Last Week Even as Regulators Scrutinized the Crypto Exchange
7.8.2023
Binance Labs announced investments in four incubator projects and participated in a round for privacy infrastructure startup zkPass
Sino Global Files $67M Claim Against FTX-Alameda
7.8.2023
Sino Global invested in tokens heavily affected by the decline of Sam Bankman-Fried's FTX crypto empire and partnered with FTX on a fund raised with outside investors' capital
Crypto Exchange OPNX Bids to Take Over Hodlnaut in Singapore: Capital Injection of $30 Million Expected
7.8.2023
OPNX, a digital asset exchange created by the founders of failed hedge fund Three Arrows Capital, has proposed a takeover of the struggling crypto lender Hodlnaut.
OPNX has offered to inject $30 million worth of FLEX digital tokens into Hodlnaut to fund a partial creditor payout...