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The new venture fund, which will remain under the DeFiance name, will focus on liquid crypto investments with a target of raising about $100 million, one person familiar with the matter said. DeFiance is focusing its efforts on institutional investors such as fund of funds and family offices, that person
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It’s evaluating several possible takeover candidates, some of which are companies operating retail-trading platforms, the person said. Negotiations are in preliminary stages and if acquisition talks fall through, it’s less likely FTX will raise money, according to the person. Original Source
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It’s unclear what the funds will be used for, as Alchemy has a history of making investments through its venture capital arm and a separate grants program. Original Source
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Founded in 2018, Bloccelerate is led by general partners Kate Mitselmakher and Sam Yilmaz. Past investments have included collaborative lending platform MakerDAO, the Avalanche blockchain and blockchain security firm Quantstamp, according to the firm’s website. Source
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According to the SEC filing, Samarity had sold $1 million in an equity offering with a $1.5 million target. The offering also covers options, warrants or other rights to acquire another security. Sales for the offering began on Aug. 25 and the capital raised to date has come from one
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The filing shows that Contribution Labs has raised $2,4 million toward its goal from two investors since the offering opened on Aug. 15. The offering involves a simple agreement for future equity, or SAFE, an arrangement where an investor pays cash now to receive equity in a company at a
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The the biggest cryptocurrency by market cap, has been battered this year following a huge market sell-off and the soaring global economy. Now trading at a price 70% lower than its November 2021 all-time high of $69,044.77. Ethereum, the second biggest digital asset followed suit, trading at around $1,584,82 at this
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U.S. Senator Elizabeth Warren says she is “very worried” that the Federal Reserve will tip the economy into recession. “There is nothing in raising the interest rates, nothing in Jerome Powell’s tool bag that deals directly with” the causes of inflation, she explained. Senator Elizabeth Warren on Inflation and the Fed
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Celsius, which had more than $8 billion loaned out to clients and $12 billion in assets under management as of May of this year, abruptly announced on June 12 it would stop withdrawals from its platform, citing “extreme market conditions.” The disclosure exacerbated those conditions, briefly sending bitcoin’s price below
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As economic conditions continue to worsen, financial experts worldwide are increasingly placing the blame at the feet of the United States Federal Reserve after the central bank was slow to respond to rising inflation early on. Financial markets are currently experiencing their worst stretch of losses in recent history, and
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