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Tesla and Spacex CEO Elon Musk has secured $7.139 billion in new financing commitments to fund his acquisition of Twitter, including from several pro-crypto companies. Cryptocurrency exchange Binance, for example, has committed to invest $500 million in the social media platform alongside Musk. Crypto-Friendly Companies Join Elon Musk to Buy Twitter Tesla CEO Elon Musk … Read more
Shaun Maguire, a crypto partner of Sequoia Capital, one of the venture capital firms most active when it comes to investments in the cryptocurrency space, issued its opinion on the future of many VCs investing in crypto. To him, many of the companies that are now experimenting with crypto investments will “pull back” due to … Read more
Filings reveal the massive amount of assets that crypto venture funds are managing, Andreessen Horowitz’s (a16z) crypto funds were also disclosed to be worth around $9 billion. Go to Source Powered by WPeMatico
Layerzero Labs, the firm behind the interoperability protocol Layerzero, has revealed the company has raised $135 million in a Series A+ finance round led by Andreessen Horowitz (a16z), FTX Ventures, and Sequoia Capital. The new financing brings Layerzero Labs’ overall valuation to $1 billion and the funds will be leveraged to develop cross-chain decentralized applications … Read more
Hack VC, a crypto investment firm, has launched a new $200 million crypto-based seed fund. The venture capital company, which is behind the hack.summit() event, one of the biggest blockchain programming events in the world, aims to invest in early stage Web3-based teams. The idea behind this fund is to accompany these teams each step … Read more
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 “commitment to crypto.” Venture Firm Sequoia Capital to Launch a Fund Focused on Liquid … Read more
The digital currency exchange FTX Trading Limited announced the firm has raised more than $420 million in a Series B-1 fundraise. The capital raise follows the crypto exchange’s financing round at the end of July when FTX raised $900 million. After the raise was announced on October 21, FTX said the firm’s estimated valuation is … Read more
FTX Trading Ltd. announced the firm has closed the largest capital raise in crypto exchange history in a Series B funding round for $900 million. The financing gives FTX a valuation of around $18 billion and the crypto firm aims to expand its global presence. FTX Closes Largest Capital Raise in Crypto Exchange History FTX … Read more
Newton Project has officially launched its blockchain product NewChain TestNet, along with Newton’s wallet NewPay and browser NewExplorer. This marks that Newton now has a product which embodies its visions for the future, namely a gradual and steadfast process to commercialization. With regards to transaction processing speed, technical solutions and product functions, Newton’s NewChain TestNet … Read more
Sequoia Capital, a venture capital firm headquartered in Menlo Park, California is suing the Chinese founder of the cryptocurrency exchange Binance, Changpeng Zhao (better known as CZ). The American VC fund reportedly accuses CZ of allegedly negotiating with another firm while he signed an exclusivity agreement with Sequoia. Also Read: Bitcoin in Brief Wednesday: Crypto … Read more
