(Bloomberg) — Just months before Silvergate Capital Corp. announced that it was winding down, banking’s first casualty from the crypto industry’s implosion, a company called Block.one was boosti...
Tag: ThielBacked
Thiel-Backed Fund Sold Off Crypto Last Year
A Peter Thiel investment fund’s sale of its Bitcoin holdings last year demonstrates a growing corporate divestment from cryptocurrencies. Founders Fund, a venture capital firm co-founded by billionair...
Peter Thiel-Backed Bullish Pulls the Plug on $9B SPAC Deal
Crypto exchange Bullish has called off the planned merger worth $9 billion with Far Peak Acquisition Corp. According to an official statement, the two entities have mutually agreed to terminate their ...
Peter Thiel-Backed Crypto Exchange Bullish Calls Off SPAC Deal
“Our quest to become a public company is taking longer than expected, but we respect the SEC’s ongoing work to lay new digital asset frameworks and clarify industry-specific disclosure and accou...
Thiel-Backed Urbit Is Web3, Weird and Wonderful. IDGAF Who Made It
But I have to, in order to minimize the risk of this piece disappearing into a black hole. And the fact that this thirsty, pathetic pandering is practically a job requirement for my profession, even i...
India Freezes Peter Thiel-Backed Vauld’s Crypto and Bank Assets Worth $46 Million – Regulation Bitcoin News
India’s Enforcement Directorate (ED) has frozen crypto exchange Vauld’s crypto and bank assets worth about INR 370 crore ($46,439,181). Vauld halted deposits and withdrawals last month. The Indian law...
Peter Thiel-Backed Crypto Lender Vauld Suspends Withdrawals
A cryptocurrency lender backed by Peter Thiel and Coinbase Global Inc. suspended withdrawals, trading and deposits on its platform, citing volatile market conditions and financial difficulties facing ...
Peter Thiel-Backed Bitpanda Fires 730 Employees
Alex Dovbnya Massive layoffs continue to affect some of the leading cryptocurrency exchanges Vienna-based cryptocurrency exchange has fired 730 employees due to unfavorable market conditions, accordin...
Peter Thiel-Backed Bitcoin Trading Platform Bitpanda Cuts Staff
As crypto winter sets in, Web3 companies are finding themselves in the difficult position of cutting staff. During a company call earlier today, Vienna, Austria-based Bitpanda announced that it would ...
Peter Thiel-Backed BitDAO Votes to Invest $6.5 Million Into Ethereum NFT Collective PleasrDAO
BitDAO, one of the largest decentralized investment funds in the world, has today unanimously voted to channel $6.5 million into NFT investment collective PleasrDAO. The exact terms of the investment...
Peter Thiel-Backed Philippine Fintech Startup Raises $31 Million, Aims To Be A One-Stop Shop For Southeast Asia’s Financial Needs
(From left) PayMongo’s CTO Jaime Hing III, CEO Francis Plaza and CCO Luis Sia. COURTESY OF PayMongo Manila-based fintech startup PayMongo—backed by the likes of PayPal cofounder Peter Thiel, pay...