Venture capital deals slowed in the second half of 2022 amid the bear market. However, behind the scenes, blockchain startups continue to build.
Value of WisdomTree’s crypto holdings fell 61.9% in Q4
The fund manager’s crypto portfolio has booked a loss in three of the past four quarters, according to recent financial statements.
Crypto Biz: A peek into BlockFi’s secret financials (it’s not pretty)
How much exposure does BlockFi have to Sam Bankman-Fried failed enterprises? A lot, according to accidentally leaked financials.
Crypto-friendly Stripe weighs public offering: Report
In 2021, Stripe raised $600 million from a group of investors at a valuation of $95 billion, making it one of Silicon Valley’s most valuable startups.
Injective launches $150M ecosystem fund to boost DeFi, Cosmos adoption
“DeFi has proven to be a resilient and reliable option for users in the face of the overarching CeFi collapse in 2022,” said Eric Chen, CEO of Injective Labs.
Blockstream raises $125M to finance expanded Bitcoin mining operations
Bitcoin miners came under significant pressure during the bear market; however, Blockstream said institutional hosting customers were more “resilient.”
Blockchain developer QuickNode raises $60M at $800M valuation
Like other blockchain developers, QuickNode is pivoting sharply into Web3 — a sector that has attracted keen venture capital interest.
Crypto Biz: SBF’s newest Excel spreadsheet reveals all
FTX’s debtors are applying “Herculean” effort to unearth the exchange’s remaining assets. Meanwhile, Sam Bankman-Fried claims FTX US is solvent.
Former FTX US president raises $5M for new crypto software firm
Brett Harrison departed FTX US roughly two months before FTX Group filed for bankruptcy, citing “cracks” in his relationship with SBF.
Bitcoin miner CleanSpark expands operations in Georgia
Some BTC miners have declared bankruptcy or sought financial aid to stay afloat. Others are finding unique ways to grow amid the bear market.
SSV launches $50M ecosystem fund to support ETH staking tech
Vitalik Buterin identified distributed validator technology, or DVT, as a key component of Ethereum’s decentralization efforts.
Crypto Biz: DCG’s ‘carefully crafted campaign of lies’?
The public battle between Cameron Winklevoss and Digital Currency Group CEO Barry Silbert continues to rage.
Bitfarms seeks to modify loan facility with BlockFi as bear market drags on
“During 2022, Bitfarms began taking proactive actions to increase financial flexibility and to reduce indebtedness and capital expenditure obligations,” according to CFO Jeff Lucas.
Sandeep Nailwal-backed Web3 accelerator launches demo day for first cohort
The Web3 developer program received interest from over 1,000 projects but only 15 were selected for Cohort 0.
Bitcoin mining stocks surge with broader market as traders see less aggressive Fed
The BTC price rose to three-week highs ahead of a highly anticipated U.S. CPI report later this week.
Crypto asset manager Osprey Funds lays off most of its staff: Report
Institutional demand for Bitcoin and other crypto assets has waned due to the bear market.
Crypto Biz: SBF has his day in court; Barry Silbert accused of ‘stalling’ over frozen funds
The founder of FTX pleaded not guilty to all criminal charges related to the collapse of crypto exchange FTX.
CME Group to launch 3 metaverse reference rates
Axie Infinity, Chiliz and Decentraland will be represented in CME’s new reference rates and real-time indexes.
Top crypto funding stories of 2022
2022 was a record-breaking year for blockchain and crypto VCs. Depending on who you ask, that’s either a good thing or a bad thing.
Crypto Biz: Did Michael Saylor buy the Bitcoin bottom for once?
MicroStrategy scooped up BTC at an average price of just under $17,200. Meanwhile, Binance’s CZ explains why there’s so much FUD surrounding his exchange.