The vaunted VC firm told investors earlier in the year it would shrink the fund to reflect a changed market.
Paradigm Moves $3.5M in MakerDAO’s MKR Tokens Following Peer a16z’s Maneuver
Paradigm Capital’s transfer follows venture capital firm a16z depositing $7 million of MKR to Coinbase.
Crypto Startups Raised $201.4M in Venture Funding Last Week, Led by Infrastructure
The largest fundraises for the week belonged to metaverse startup Futureverse and RISC Zero, creator of developer tools for zero-knowledge proofs.
Crypto Biz: Binance slashes costs, Ripple ready for US banks and crypto VCs return
This week’s Crypto Biz looks at Binance’s ongoing efforts to curb declining profits, Ripple’s expectation that U.S. banks may soon adopt XRP and the first signs of venture capital returning to crypto.
Crypto VC funding tumbles as economic uncertainty scares off investors
June rejected the three-month trend of rising venture capital investment into crypto, though that’s not necessarily a bearish signal.
Web3 VC Shima Capital Didn’t Slow Strategy for Crypto Winter
The investor in early-stage crypto companies has remained one of the most active investors in the space despite a bear market and the collapses of FTX and three banks.
Crypto VC is struggling only from a North American perspective — Animoca Brands CEO
Speaking with Cointelegraph at the Collision conference in Toronto, crypto veteran Yat Siu outlined how crypto firms can cope with unique environments, stressing that it is not “as bad as it sounds.”
Silicon Valley: The Mecca for Venture Capital May Be Cooling on Crypto
The storied birthplace of the U.S. tech industry is dripping with talent and money. But crypto founders who live in the No. 8 spot on CoinDesk’s Crypto Hubs 2023 list say that Web3 is losing ground to artificial intelligence in the race to capture the Valley’s wallets and minds.
Venture capital financing in crypto, explained
Venture capital firms invest in early-stage startups to fuel innovation, growth and technological advancements within the crypto ecosystem.
Sequoia partner says investing in FTX was the right move: Report
Sequoia’s Alfred Lin stood up for the firm’s $213.5 million investment in the now-bankrupt crypto exchange FTX.
Crypto VC market flashes green amid macroeconomic recession alarms
May 2023 marked the second consecutive month of crypto VC activity growth, surpassing $1 billion in funding for the first time since September 2022.
Crypto Biz: Crypto outflows surge, a16z’s UK office, and the silent altcoins ban
A tight regulatory environment in the United States coupled with soaring interest rates is forcing crypto companies to rethink their business strategies.
DeFi Credit Protocol Concordia Raises $4M in Round Led by Tribe, Kraken
Concordia, now live in public testnet on Aptos, offers a multi-chain risk and collateral management platform for digital assets.
Mick Mulvaney-Linked Astra Protocol Faces Investor Backlash Over ‘Severely Deficient Communication’
Astra Protocol, provider of Web3 compliance solutions, previously had a dispute with investor Republic Crypto over an alleged token sale.
Salesforce Leads $6M Round for AI-Backed Web3 Data Platform Mnemonic
The startup provides actionable non-fungible token (NFT) data for enterprises and developers.
Cointelegraph Pitch Room launched, bridging promising projects to quality investors
Cointelegraph presents Pitch Room, where innovation meets opportunity.
Sequoia Capital announces three-way split to separate China business
One of the world’s largest venture capital firms, Sequoia Capital, will split into U.S./Europe, India/SEA, and Chinese branches.
StepStone VC Raises $97M for Two Blockchain Funds
SEC filings show pooled investment figures for the two private equity funds.
PayPal Ventures Leads $52M Round for Crypto Firm Magic
The startup offers non-custodial wallet infrastructure for an enterprise client list that includes Macy’s and Mattel.
Crypto Infrastructure Firm Anoma Foundation Raises $25M
The Swiss non-profit oversees the Anoma blockchain architecture and the layer 1 blockchain Namada.