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A tight regulatory environment in the United States coupled with soaring interest rates is forcing crypto companies to rethink their business strategies. Go to Source Powered by WPeMatico
Cointelegraph presents Pitch Room, where innovation meets opportunity. Go to Source Powered by WPeMatico
One of the world’s largest venture capital firms, Sequoia Capital, will split into U.S./Europe, India/SEA, and Chinese branches. Go to Source Powered by WPeMatico
The firm aims to fund startups building infrastructure for Web3 and other decentralized technology projects. Go to Source Powered by WPeMatico
Whampoa Group started its digital asset arm in 2021 and has invested in a $500 million Binance Labs fund along with TikTok parent ByteDance. Go to Source Powered by WPeMatico
OPNX chief Leslie Lamb called out a number of venture capital firms on Twitter after some rushed to distance themselves from the company. Go to Source Powered by WPeMatico
Crunchbase noted that while it has been a bearish start for Web3 start-up funding in 2023, “venture funding is down in almost every sector.” Go to Source Powered by WPeMatico
DeFi firm Nascent was also claimed as a backer, but it has clarified that it only bought FLEX tokens from the company’s previous incarnation. Go to Source Powered by WPeMatico
The new funds will be used to increase headcount and expand the company’s presence in the Asia-Pacific region. Go to Source Powered by WPeMatico
According to the Federal Deposit Insurance Corporation (FDIC), the troubled bank Silicon Valley Bank (SVB) was acquired by First Citizens Bank & Trust Company, which is based in Raleigh, North Carolina. First Citizens acquired all deposits and loans from SVB, as well as the 17 branches that SVB owned across the United States. Silicon Valley … Read more
