Mercury, Brex and Customers Bank are just some of the names being batted around to crypto founders who are now left scrambling to find alternate banking services following the collapse of Silvergate, ...
Tag: Startups
Singapore Has A New Backer For Travel And Retail Startups In Asia
Gharage is in search of some winning investment opportunities in Asia. getty The business incubator and venture builder, Gharage, has landed in Singapore in pursuit of early-stage travel and retail st...
SVB collapse unlikely to hit fundraising for Southeast Asia startups: VCs
SANTA CLARA, CA, US – MARCH 13: People wait outside the Silicon Valley Bank headquarters in Santa Clara, CA, to withdraw funds after the federal government intervened upon the bank’s colla...
British startups react to Silicon Valley Bank UK’s rescue by HSBC
An entrance to the Alphabeta Building, which houses the offices of UK unit of Silicon Valley Bank, in the City of London, UK, on Monday, March 13, 2023. HSBC Holdings Plc is set to buy the UK arm of S...
Silicon Valley Bank collapse hits startups as far away as China
Silicon Valley Bank has a 50% stake in its joint venture with Shanghai Pudong Development Bank. Future Publishing | Future Publishing | Getty Images The Silicon Valley Bank fallout has ripple effects ...
Can the UK save its startups as SVB fallout spreads around the world
BOE places the UK arm of the troubled Silicon Valley Bank under insolvency. The heads of 130 technology companies in the UK believe lender’s bankruptcy represents an existential threat to the UK tech ...
After Silicon Valley Bank Fails, Tech Startups Race to Meet Payroll
Tech startups and other businesses raced to line up sources of cash for payroll and other immediate needs after their deposits in Silicon Valley Bank, long a linchpin of tech financing, were locked up...
Silicon Valley Bank failed for one simple reason: its key startup clients lost faith.
Silicon Valley Bank SIVB, -60.41%, a 40-year-old bank at the heart of the valley’s ecosystem, was forced to shutter Friday after its core depositors — many of them startup companies — took out $42 bil...
VCs urge startups to withdraw funds from Silicon Valley Bank
Venture capital firms on both sides of the Atlantic have been urging their portfolio companies to move money out of embattled lender Silicon Valley Bank, deepening fears of a run on the tech-focused b...
Coinflex rebrands to OPNX with Leslie Lamb as CEO of 3AC founders’ latest venture
Coinflex is rebranding to Open Exchange (OPNX), Kyle Davies and Su Zhu’s latest crypto venture. New CEO Leslie Lamb shared the news on LinkedIn. The exchange, intended for trading claims a...
OpenSea, ConsenSys among prized crypto startups with shares available at big discounts
As the crypto industry suffers, decacorns can be yours at mere unicorn prices. Shares in numerous private crypto startups are currently being offered at sizable discounts on Birel.io, a platform...
FTX sues Grayscale and DCG, citing ‘exorbitant’ fees
Collapsed crypto exchange FTX filed a lawsuit against Grayscale Investment, citing mismanagement of the firm as evidence that it was in violation of Trust agreements. The FTX debtors also filed ...
Crypto startups, beware the ‘dry powder fallacy’
Great crypto and web3 startups will be fine in this bear market, considering there’s so much dry powder, right? One-liners about “dry powder” positioned alongside emojis of rocket ships and do...
Ethereum L2 Scroll reaches $1.8 billion valuation in new funding round: Source
Published 30 minutes earlier on Scroll, an Ethereum Layer 2 network that uses zk-rollups technology, raised $50 million in a new funding round. Investors in the round included Polychain Capital,...
Zimbabwean Blockchain Startups Launch Service to Help Migrants Efficiently Move Funds Across Borders – Africa Bitcoin News
Two Zimbabwean startups, Flexid and Uhuru Wallet, recently launched a platform that offers digital identity and remittance services to migrants living and working in South Africa. The two startups hai...
Conflux raises $10 million from DWF Labs in token round
Conflux, a Layer 1 blockchain developer, raised $10 million from DWF Labs. The investment will help Conflux expand its technology and grow its user base, DWF Labs said Wednesday. Conflux co-foun...
The Tech Tribune Announces Its 2023 Best Tech Startups in Miami
MIAMI–(BUSINESS WIRE)–#business—The Tech Tribune staff has compiled the very best tech startups in Miami, Florida. In doing our research, we considered several factors including but not limited to: Re...
Binance bites back against Forbes report claiming transfer of $1.8 billion in client collateral
Binance denied using client assets without consent after a Forbes report said the crypto exchange moved “$1.8 billion of collateral meant to back its customers’ stablecoins.” Forbes ...
WiNFUND: New Fund Mints NFT Collection to Accelerate Africa’s Women-Led Start-Ups Tackling Health Challenges
Non-profit fund and public mint of new WiNFUND NFTs will help to drive improvements in access to healthcare LONDON–(BUSINESS WIRE)–Today we are announcing the public launch of the 100% non-profit WiNF...
AI Startups Boom In San Francisco Amid $100 Billion Google Mistake
Bessemer’s Sameer Dholakia, Jasper’s Shane Orlick, Stability AI’s Emad Mostaque, Replit’s Amjad … [+] Masad and Anthropic’s Dario Amodei at GenAI conference in San ...
Base Protocol’s token jumps 250% despite no affiliation with Coinbase
Base Protocol’s token skyrocketed today, reaching a high of nearly $7.50 around 11:30 a.m EST after months of price stagnation below $1. The spike may have been caused by a misunders...
The Tezos Foundation Teams Up with Google Cloud to Accelerate Web3 Development for Corporations and Start-ups on the Tezos Blockchain
Google Cloud will become a validator on Tezos BERN, Switzerland–(BUSINESS WIRE)–The Tezos Foundation, which promotes the Tezos blockchain protocol’s adoption and development, announced today that it i...
Web3 database developer Polybase raises $2 million in pre-seed funding
Deals • February 22, 2023, 9:01AM EST Published 30 minutes earlier on Polybase, a crypto startup developing a privacy-focused decentralized database, raised $2 million in a pre-seed funding round. ...
Layoffs spell opportunity for some fintech startups
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it d...
Crypto hedge fund Galois Capital shuts after getting caught up in FTX saga: FT
Galois Capital, a crypto hedge fund that had half of its assets trapped on the collapsed crypto exchange FTX, is reportedly shutting down and returning its remaining money to investors. “G...