Alexis Ohanian is extremely bullish on cryptocurrency, even using the proceeds from his early Ether investment to found a crypto-focused venture capitalist firm.
Superchain Network Raises $4M to Build Decentralized Data Indexing Protocol
The $4 million combined seed and pre-seed round included participation from Blockchain Capital, Maven 11 and other investors.
Sequoia, Multicoin Lead $6M Round for Crypto Startup TipLink
TipLink’s technology lets users send crypto assets and NFTs through an easy-to-use link.
Galaxy Digital, PayPal Lead $20M Fundraise for Chaos Labs
The startup offers an automatic economic security system and simulation engine for decentralized finance projects.
Polyhedra Network Raises $10M for Zero-Knowledge Infrastructure
Binance Labs and Polychain Capital led the round with Animoca Brands and dao5 participating.
Web3 Messaging Platform Salsa Raises $2M in Pre-Seed Round
The mobile app is now available in beta and has a partnership with a Proof of Attendance Protocol (POAP).
Web3 Communication Stack Sending Labs Raises $12.5M
The startup creates technology to make decentralized communication easier for developers and users.
Angel investors vs. venture capitalists
Angel investors are seed-stage financiers who offer mentorship to nascent businesses for equity, while venture capitalists inject substantial capital into later-stage firms.
Sequoia Capital, Paradigm among VCs facing “tricky” FTX investor lawsuit
It’s a “tricky case,” as it is unknown what obligation these firms actually had to “completely separate investors,” suggests a crypto lawyer.
Bain Capital Crypto Backs $4.5M Round for Blockchain Interoperability Startup Orb Labs
Orb Labs emerges from stealth preparing to launch its first products.
Deutsche Bank’s DWS eyes 2 German crypto firms for investment: Report
Companies negotiating with DWS Group include Deutsche Digital Assets, a crypto exchange-traded products provider, and market maker Tradias.
VC Roundup: ZK proofs, DeFi protocol and longevity DAO attract investment
Venture capital deals slowed in the second half of 2022 amid the bear market. However, behind the scenes, blockchain startups continue to build.
Long-standing crypto project vs. scam: Ava Labs CEO shares key difference
Ava Labs CEO has condemned players that jump into every single new coin offering or token in the hopes that they will go up.
a16z votes against proposal to deploy Uniswap V3 on BNB Chain
The venture firm used its 15 million UNI holding against the deployment using the Wormhole bridge.
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.
DCG companies laid off over 500 employees as contagion spreads
Cryptocurrency exchange Luno fired 330 employees on Jan. 25, joining other DCG companies in cutting headcount.
Venture capital investments into blockchain continue to free-fall: Report
Q4 2022 saw investment capital inflows of $2.3 billion, continuing the trend since April sparked by the collapse of Terra and subsequent fallout.
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.
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.
FTX VCs liable to ‘serious questions’ around due diligence — CFTC Commissioner
The lack of recordkeeping of FTX coupled with “an auditor no one’s ever heard of” forces the CFTC to ask questions about the mindset of the institutional investors.