The report said that Alabama Securities Commission Director Joseph Borg indicated that his agency and several other states are involved in the investigations, which focus on whether Genesis and other ...
Tag: Capital
T3rn Raises $6.5 Million in a Strategic Funding Round Led by Polychain Capital
November 25, 2022 – Berlin, Germany T3rn, the next-generation fail-safe multichain protocol, raised $6.5 million in a strategic funding round led by Polychain Capital, the world’s premier digital asse...
Polychain Capital Led $6.5M Strategic Funding Round to t3rn
t3rn, the next-generation fail-safe multichain protocol has raised $6.5 million in a private funding round. t3rn would make cross-chain transactions easier. The world’s top investment firm for digital...
Luno Africa Says Customers and Operations Not Affected by Turmoil at Genesis Capital – Coinotizia
Just days after reassuring concerned customers, Marius Reitz, the general manager of crypto exchange Luno Africa, recently reiterated the company has not been impacted by Genesis Capital’s decision to...
t3rn Raises $6.5M in a Strategic Funding Round Led By Polychain Capital
Berlin, Germany, 25th November, 2022, Chainwire Berlin, Germany, November XX, 2022 – t3rn, the next-generation fail-safe multichain protocol, raised $6.5m in a strategic funding round led by Polychain...
China’s capital city Beijing battles Covid with more apartment lockdowns
Covid restrictions have tightened in Beijing while infections keep soaring, prompting lockdowns of communities. Jade Gao | Afp | Getty Images BEIJING — China’s capital city is grinding to a near...
Luno Africa Says Customers and Operations Not Affected by Turmoil at Genesis Capital – Exchanges Bitcoin News
Just days after reassuring concerned customers, Marius Reitz, the general manager of crypto exchange Luno Africa, recently reiterated the company has not been impacted by Genesis Capital’s decision to...
Block.one and its CEO become largest Silvergate Capital shareholders
Brendan Blumer, CEO of Block.one, which developed the EOSIO blockchain platform and EOS (EOS) coin, has purchased a stake in Silvergate Capital, the holding company for Silvergate Bank, a crypto-fiat ...
Block.one Along With CEO Bought 3M Shares of Silvergate Capital
The paperwork, dated Nov. 23, indicated Nov. 16 as the date of the transaction. This transaction will make them Silvergate’s biggest stakeholder. According to a filing with the SEC, Brendan Blumer, CE...
Bitcoin Might Reach $149K After Next Halving Cycle: Pantera Capital
Analysts at the top asset management company, Pantera Capital, believe the Bitcoin price might hit $149K, but no sooner than after the next halving — presumably, in 2025. Pantera Capital: The next BTC...
Hacker Steals $42M Worth Crypto From Fenbushi Capital Founder
8 seconds ago | 2 mins read Bitcoin News SlowMist said hackers had stolen Shen’s wallet seed code. The investor was reportedly utilizing the non-custodial Trust Wallet. On Wednesday, Bo Shen, a foundi...
Hackers steal $42M from Fenbushi Capital founder’s wallet
General partner at Fenbushi capital Bo Shen tweeted on Nov. 23 that malicious players stole $42 million from his personal wallet on Nov. 10. A total of 42M worth of crypto assets, including 38M in USD...
Sequoia Capital Regrets Backing FTX But Defends Vetting Process
(Bloomberg) — Top partners at the powerful venture capital firm Sequoia Capital apologized to their investors in a conference call Tuesday for backing FTX, a pair of bankrupt cryptocurrency exch...
Kenyan Lawmaker Proposes Introducing Crypto Income and Capital Gains Tax – Regulation Bitcoin News
According to a capital markets amendment bill reportedly sponsored by Kenyan lawmaker Abraham Kirwa, cryptocurrency holders in the country will be obliged to pay taxes on gains. In addition, the bill ...
Hacker steals $42 million from Fenbushi Capital partner Bo Shen
Bo Shen, founding partner at Fenbushi capital, said his private crypto wallet was hacked in an incident on Nov. 10, which resulted in a $42 million loss of various crypto assets. The majority o...
Credit Suisse shareholders greenlight $4.2 billion capital raise
The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Arnd Wiegmann | Reuters Credit Suisse shareholders on Wednesday approved a 4 billion Swiss franc...
Sequoia Capital apologizes to investors after $150 million FTX loss: WSJ
Sequoia Capital partners apologized to investors for the $150 million it lost on investments in crypto exchange FTX, the Wall Street Journal reported. In a Tuesday call with investors, Sequoia p...
Crypto Lender Genesis Could File for Bankruptcy Without a Fresh Capital: Report
Crypto brokerage firm Genesis is struggling to raise fresh capital for its lending unit and has warned potential investors that it may need to file for bankruptcy if its efforts are abortive, Bloomber...
Bain Capital and 6th Man Ventures lead $4 million round for crypto privacy startup Nucleo
Nucleo, a company that aims to build on-chain privacy infrastructure for organizations, has raised $4 million in seed funding. The round, led by the crypto arm of investment firm Bain Capital a...
These stocks are burning cash fast and might need to raise capital soon, Goldman Sachs flags
Equity strategists at Goldman Sachs GS, +0.27% point out the cost of money is no longer next to nothing. The weighted average cost of capital for U.S. companies has gone from near the lowest level in ...
NFT utility platform Tropee raises $5 million led by Tioga Capital: Exclusive
European web3 firm Tioga Capital led a $5.1 million (€5 million) seed investment in NFT utility platform Tropee. Crypto founders such as The Sandbox’s Sébastien Borget, Exclusible’s...
Orbeon Protocol Setting New Highs by Bringing Venture Capital and Crowdfunding to the Blockchain
[PRESS RELEASE – Please Read Disclaimer] Venture capital has powered some of the most disruptive companies in the world. From Facebook to Airbnb and Uber, some of the most innovative startups got thei...
What Does FTX Tell Us About The State Of Venture Capital?
Sam Bankman-Fried dons a tie to speak at a congressional hearing on digital assets, December 2021. The Washington Post via Getty Images Much has been written about the implications of FTX’s collapse f...
Bitcoin Financial Services Firm Unchained Capital Cutting Staff, Reshuffling Management
Unchained Capital reduced its workforce by about 15% and moved its head of business development Parker Lewis to the board of directors as well as chief product officer Will Cole to a senior advisory r...
Bitcoin lender and custodian Unchained Capital announces job cuts
Joe Kelly, CEO of Bitcoin financial services outfit Unchained Capital, said the company will reduce its staff by “roughly 15%” as part of efforts to manage the business during the current crypto bear ...
This Crypto Venture Capital Loses Almost $1B On FTX, When Will This FTX Fiasco End?
The collapse of the FTX crypto exchange is one of the biggest shocks to hit the industry. The impact of the fall is spreading to different crypto assets and several investors on the exchange. The cryp...
Markets Jittery As Silvergate Capital Faces Potential Bank Run
The crypto market continues to struggle in the wake of the stunning collapse of the FTX exchange. The latest casualty seems to be crypto bank Silvergate Capital. The crypto bank has seen a significan...
Multicoin Capital Says FTX Will Not Be End of Crypto
As far as the crypto industry is concerned, Multicoin Capital said it does not believe FTX will be the downfall of the industry. Crypto venture capital firm, Multicoin Capital is seeing a bright futur...
Orbeon Protocol (ORBN) Is Disrupting Venture Capital, First Phase Sells Out In 2 weeks
[PRESS RELEASE – Please Read Disclaimer] Blockchain technology, which powers cryptocurrencies, has been getting a lot of buzz recently. New startups have begun implementing this powerful technology in...
Multicoin Capital Reportedly Has $835M Exposed to FTX
5 hours ago | 2 mins read Editors News The FTX crash has caused the fund to fall by a startling 55% over the previous month. Multicoin Capital reportedly chooses to write down FTX to zero. The FTX out...
Multicoin Capital to Write Off All Its FTX Positions
The crypto market’s downward movement for the year 2022 started from the Terra (LUNA) crash. While the market was still recovering where Bitcoin was gradually moving above, the FTX-Alameda crisis made...