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Sequoia Capital Creating $500 Million Crypto Fund for Token Investment
18.2.2022
Last October, Sequoia Capital announced intentions to deconstruct the traditional venture capital model by forming a single fund to handle all of its U.S. and European assets (including publicly-traded shares). Now it’s setting out its next steps, including a $600 million fund focused...
Sequoia Capital Designates $500-600 Million to Crypto Fund Focused on Liquid Digital Assets
18.2.2022
On February 17, the venture capital firm Sequoia Capital announced the launch of a new $500 million to $600 million sub-fund dedicated to “liquid tokens and digital assets.” The company noted during its announcement that the new fund highlights Sequoia’s strategic...
DCG leads $205M growth fund for The Graph
17.2.2022
The Graph launched its mainnet in December 2020 and is already being used by leading DeFi protocols and EVM-centric chains
Sequoia Capital launches crypto fund worth up to $600M
17.2.2022
Venture capital firms allocated $25.2 billion towards blockchain and cryptocurrency projects in 2021, the highest on record
Animoca Brands and Venture Accelerator Brinc Launch $30 Million Play-to-Earn Guild Fund
15.2.2022
The blockchain firm Animoca Brands announced the company has partnered with the venture accelerator Brinc in order to launch a play-to-earn (P2E) Guild Accelerator Program. Both firms plan to dedicate $30 million over the next two years toward early-stage startups focused on expanding the global...
Coming Soon, Time Raiders: The Greatest NFT Treasure Hunt of All Time
15.2.2022
PRESS RELEASE. LONDON, February 15, 2022 – Independent video game studio and publisher Utopian Game Labs, has teamed up with alphabit fund, the crypto asset fund advancing the overall development of the sector by investing in the world’s most innovative blockchain projects, to bring...
VC Roundup: Animoca leads NFT3 raise, Arca launches NFT fund and Alexis Ohanian broadens crypto exposure
14.2.2022
Hartmann Capital has also launched a new metaverse fund and Solana NFT marketplace aggregator Hyperspace raised $4.5 million
IMF: Crypto Is No Match for Well-Designed Central Bank Digital Currencies
14.2.2022
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, says that crypto assets and stablecoins are no match for well-designed central bank digital currencies (CBDCs). “If CBDCs are designed prudently, they can potentially offer more resilience, more safety...
South Korean Sovereign Wealth Fund 'Indirectly' Buys Coinbase Shares
12.2.2022
A South Korean sovereign wealth investment fund has "indirectly" bought shares in the listed American crypto exchange giant Coinbase – although it has since distanced itself from crypto-related interests....
Read More: South Korean Sovereign Wealth Fund 'Indirectly' Buys Coinbase Shares
Billionaire Bill Miller Has ‘Very Big’ Bitcoin Position — Calls BTC ‘Insurance Against Financial Catastrophe’
12.2.2022
Veteran investor and fund manager Bill Miller says he has “a very big position” in bitcoin and expects to see a lot of institutional adoption this year, particularly among endowments and foundations. “Bitcoin is insurance against financial catastrophe,” he opined. Bill...
Canadian Trucker Protesters Eye Bitcoin Amid Court-Ordered Fund Freeze
11.2.2022
The government of Canada’s Ontario has obtained an order from the province's Superior Court of Justice that allows freezing some USD 9.4m in funds collected through crowdfunding platform GiveSendGo for the 'trucker protest' -- encouraging calls by some of the protest’s supporters to develop...
Report: Lebanon Planning to Devalue Currency by 93%, Depositors to Lose $38 Billion
9.2.2022
The Lebanese government is reportedly planning to devalue the local currency by up to 93% in a desperate bid to receive funding from the International Monetary Fund (IMF). As part of the plan, a major portion of foreign currency deposits in the banking system will be converted into local currency...
North Korea Still Hacking Crypto Exchanges to Fund Its Weapons Program, Says UN
7.2.2022
Independent sanctions monitors have told the United Nations (UN) that North Korea is continuing to use crypto and raids on international crypto exchanges as a major revenue stream to fund its nuclear and ballistic weapons programs.
The monitors, Reuters reported, submitted their findings to...
Billionaire Ray Dalio Discusses Future of Money, Insists Some Governments Will Ban Crypto
6.2.2022
Billionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has shared his view on cryptocurrency investing and the future of money. He believes that crypto will be banned by different governments. Ray Dalio on the Future of Money and Crypto Bridgewater...
Gofundme Shuts Down Truckers’ Freedom Convoy Fundraiser, Move Highlights the Importance of Crypto Crowdfunding
5.2.2022
This week the world has been watching the thousands of truckers in Canada protesting the vaccine mandates at the Freedom Convoy in Ottawa. The Freedom Convoy has received worldwide support and millions of dollars were raised using Gofundme to help fund the protest. However, the crowdfunding...
Crypto Asset Manager Grayscale Launches ‘Future of Finance’ ETF in Partnership With Bloomberg
4.2.2022
Grayscale Investments has launched its first exchange-traded fund (ETF). The Grayscale Future of Finance ETF “seeks to invest in the companies and technologies shaping the ‘future of finance.'” Grayscale’s First ETF Grayscale Investments, the world’s largest...
Video Game Retailer Gamestop Partners With L2 Startup Immutable X, Launches $100 Million NFT Fund
3.2.2022
Last May it was discovered that the video game retail giant Gamestop was stepping into the world of non-fungible token (NFT) technology. Nine months later, Gamestop has revealed it is partnering with the layer two (L2) Ethereum scaling project, Immutable X. The two teams have also established...
Immutable and GameStop to Launch an NFT Marketplace, $100M fund; IMX & GME Rise
3.2.2022
Australia-based Immutable has announced that its layer 2 (L2) scaling protocol for Ethereum (ETH) and non-fungible tokens (NFTs), Immutable X, has partnered with the US-based videogame retailer GameStop (GME) to launch an NFT marketplace.
The new marketplace will be fully carbon neutral, said...
El Salvador Rejects IMF Call to Abandon Bitcoin as Legal Tender
2.2.2022
El Salvador has rejected the recommendation by the International Monetary Fund (IMF) to drop bitcoin as legal tender. The country’s finance minister reportedly “angrily” said, “No international organization is going to make us do anything, anything at all.”...
Crypto Asset Manager Wisdomtree Reveals ‘Direct-to-Retail’ Digital Wallet
1.2.2022
The crypto asset and exchange-traded fund (ETF) manager Wisdomtree has revealed the company is launching a new digital wallet called Wisdomtree Prime, which will allow users to hold crypto assets, blockchain-enabled funds, tokenized versions of commodities like gold, and access to stocks or bonds...