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Ant Group to Withdraw Investment from A&T Capital amid Market Downturn 

The company’s decision to distance itself from A&T Capital comes when the crypto industry is navigating its own set of challenges. Chinese fintech giant Ant Group is withdrawing its investment from A&T Capital. The crypto venture-focused company received $100 million from Ant Group to invest in offshore crypto ventures, Bloomberg reported

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Germany’s blockchain funding increases 3% amid market downturn: Report

Germany has reached an all-time high in global venture capital funding share in 2023 despite a decline in the overall performance of the blockchain market across the globe, according to a report published by Crypto Valley Venture Capital (CVVC). Within CVVC's report titled "The German Blockchain Report 2023," the country's blockchain

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Binance’s zero-fee Bitcoin update could echo March downturn

Binance cryptocurrency exchange announced its intention to modify its zero-fee Bitcoin trading program on Aug. 24. This action has the potential to initiate a significant market downturn, reminiscent of the 90% trading volume decline observed following Binance's discontinuation of zero-fee trading in March.In an official statement, cryptocurrency exchange Binance unveiled

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Where’s the recession? These 3 economic indicators can alert investors to a market downturn

Inflation came down a lot faster than most investors and analysts anticipated, reaching 3% in June. The recession that most analysts predicted is nowhere to be seen, according to the 3.6% unemployment rate nearing a 50-year low and the S&P 500 Index showing a 19% gain year-to-date.While the current market

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Execs remain positive on long-term prospects amid VC funding downturn

As crypto prices remain at lower levels, venture capital (VC) funding also recorded one of its worst quarters since 2021. Despite this, executives in the space remain optimistic about the industry’s long-term potential. Crypto data platform RootData highlighted that the second quarter of 2023 delivered one of the worst performances in

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