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Ant Group, the Chinese fintech giant, is reportedly set to divest its investment in A&T Capital, marking a significant retreat from a $100 million venture central to its crypto strategy. This announcement represents a step back from a $100 million venture that had been a key component of its strategy in
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L1D is registered with FINMA, Switzerland's independent financial markets regulator, and manages one alternative investment fund plus the now two venture capital funds, which are backed by professional and institutional clients, including Swiss pension funds, family offices, wealth managers and banks. Founded in August 2018, L1D has had experience with
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The firm’s Chairman Axel Lehmann declined to comment on whether it will need assistance from the government in the future, he highlighted that the bank has no problems as it has good return capital ratios. With the banking industry in the United States currently experiencing financial strain, there may be a
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“Our direct exposure to FTX exchange was confined to mid-seven figures held in custody. Our investment into the equity of FTX was made prior to the launch of our fund, and we did not invest any LP capital into FTX,” Sino Global said in a tweet on Tuesday . Source
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OneOf, a sustainability-focused non-fungible token (NFT) platform, has raised $8.4 million in a strategic funding round that included Amex Ventures, the venture capital arm of American Express. The credit card company will host an exclusive pop-event that includes OneOf NFTs, according to a press release provided to CoinDesk. Original Source
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The funding comes as the dollar-pegged stablecoin dropped as low as $0.60 yesterday amid broader market turmoil. Source
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Blockchain Coinvestors has more than $450 million in assets under management. Original Source
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Circle has received a valuation of $9 billion in a new transaction terms with special purpose acquisition company (SPAC) Concord Acquisition Corp. Source
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“Moving to Solana is one of the big steps we made to solve a lot of the problems building Web 3 products on a blockchain like Ethereum,” Mahesh Vellanki, managing partner of SuperLayer, told CryptoX in an interview. “Whether we call them engage-to-earn, play-to-earn, learn-to-earn, we’re building architecture in a
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Animoca Brands, a prominent investor in non-fungible tokens (NFT) and decentralized gaming, has completed a capital raise of $65 million at a $2.2 billion valuation. the company announced Wednesday.The company announced Wednesday that investors in the round include Liberty City Ventures, Ubisoft Entertainment, Sequoia China, Dragonfly Capital, Com2uS, Kingsway Capital,
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