Monday, May 27, 2024
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Lightspeed Faction launches $285M startup fund for crypto projects

Venture capital firm Lightspeed Faction has created a $285 million fund for crypto startups, according to a Nov. 9 announcement. The fund will focus on “early stage blockchain projects” and will also provide capital as these projects scale, the announcement stated.At Faction, no entrepreneur will ever have to answer: "why

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SEC Chair Gensler takes dig at lawyers advising crypto and defi projects

Gary Gensler alluded that cryptocurrency operators tapping legal consultants could be doing so due to their supposedly unlawful securities offerings. Gensler, Chairman of the U.S. Securities and Commission (SEC), reiterated skepticism regarding crypto service providers and their lack of compliance with existing financial laws overseeing the world’s largest capital market. Furthermore, the

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Metaverse projects failed on lack of correct business model: MetaMinds CEO

The metaverse may no longer have mainstream appeal to some global tech leaders compared to two years ago. However, weaknesses in the testing of the various investments and initiatives in the emerging technology may have resulted in some of them failing.On the sidelines of the recent Cardano Summit in Dubai,

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Audits and rug-pulled projects, a $650B token burn, and major DeFi protocol quits UK: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The past week in DeFi was filled with bullish resurgences for many projects, but it was the Uniswap founder’s $650 billion HayCoin (HAY)

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Vitalik Buterin discusses Ethereum’s future and innovative projects in AMA

In a recent interactive session, Ethereum’s co-founder, Vitalik Buterin, shed light on the platform’s technical advances and celebrated emerging decentralized projects within its ecosystem. In a recent Ask Me Anything (AMA) session, Ethereum Co-founder Vitalik Buterin touched on several topics that offer a glimpse into the potential trajectory of the Ethereum

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Web3 foundation plans to allocate $22 Million to Polkadot projects

The Web3 Foundation, a firm whose flagship project is the Polkadot blockchain protocol, has unveiled a new initiative to allocate $22.08 million and 5 million DOTs throughout the year 2024. This move aims to bolster the existing community-governed funding mechanism, which originates from the Polkadot Treasury. More updates to come Web3 Foundation was

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Binance tight-lipped on projects funded by $1B crypto recovery fund

Binance-spearheaded Industry Recovery Initiative (IRI), a co-investment project aiming to support the cryptocurrency industry in the aftermath of the FTX collapse, may not have been as effective as desired, a new report suggests.After announcing the IRI in November 2022, Binance spent $15 million in its BUSD (BUSD) stablecoins out of

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Stellar, PwC publish ‘framework’ to judge emerging market blockchain projects

The Stellar Development Foundation, developers of the Stellar network, released a financial inclusion framework for judging the efficacy of emerging market blockchain projects. The framework was developed in cooperation with consultants PricewaterhouseCoopers International (PwC) and was explained in a white paper published on September 25. Using this framework, the teams concluded

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