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Sequoia Capital to divide global business into multiple parts

0xMain
June 7, 2023

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Sequoia Capital, a venture capital firm, revealed its plans for a upcoming split, where it will divide into three separate partnerships catering to the United States, China, and Asian markets. The announcement was made on June 6 via the firm’s Twitter. A move...

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US Fed to cease Silvergate Capital and Bank activity

0xMain
June 2, 2023

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California-based Silvergate Capital and Bank have been ordered to cease their operations by the board of governors of the Federal Reserve System and the Department of financial protection and innovation of California. The Federal Reserve Bank of San Francisco and the Department of...

Blockchain Capital fuels Worldcoin with $115m

0xMain
May 26, 2023

115m, Blockchain, Capital, fuels, Hacking, Worldcoin

Worldcoin, an ambitious crypto project co-founded by OpenAI CEO Sam Altman, has received a significant financial boost with the latest funding round. On May 25, the technology company behind Worldcoin, Tools for Humanity, announced an influx of $115 million in series C funding...

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PEPE losing investors after NFT scam while capital and interest flow to DigiToads

0xMain
May 20, 2023

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DigiToads‘ code is secure following a thorough review by Coinsult, a blockchain security and audit firm. Meanwhile, pepe coin (PEPE) remains under pressure and faltering. As laws regulating crypto and the industry are being developed, the resulting weak check and balances have made...

Borderless Capital, Polygon Ventures, and others launch $50m cross-chain interoperability initiative

0xMain
May 19, 2023

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Top blockchain teams and venture funds, including Algorand Foundation, Arrington Capital, and others, have come together to establish a $50 million cross-chain ecosystem fund. Managed by Borderless Capital, the fund is aimed at supporting and nurturing startups leveraging the Wormhole cross-chain messaging protocol....

River CEO says bitcoin interest fueled by institutional investors after $35m capital raise

0xMain
May 16, 2023

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River Financial, a San Francisco-based bitcoin technology and financial services institution raised $35 million in a new equity funding round, with the company’s CEO stating that institutional adoption rather than hype is mostly fueling a renewed interest in bitcoin. River’s new funding round...

Crypto winter might not be over according to bitcoin data, digitoads attracting capital

0xMain
May 13, 2023

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Experts are cautious, predicting that the crypto winter might not be over. Bitcoin traders remain split with most investors considering DigiToads. DigiToads is trending, expanding its social media presence as it continues establishing itself as a community-focused project while riding the meme token...

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Bankrupt FTX could be revived with $250m investment led by Tribe Capital

0xMain
April 18, 2023

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Venture firm Tribe Capital is reportedly contemplating a significant capital injection to help resurrect FTX, the bankrupt crypto exchange. The company is considering leading a $250 million fundraising campaign, anchored by $100 million from itself and its limited partners, as it explores options...

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Former OKX exec exits A&T Capital after sexual misconduct allegations

0xMain
March 29, 2023

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After facing accusations of sexual assault, Yu Jun resigned from A&T Capital, according to reports. Crypto exec exists firm Yu Jun is a founding partner of A&T Capital and equally participated in the creation of Ant Group Co. In a recent statement, A&T...

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FTX pursuing $460m from SBF-backed Modulo Capital

0xMain
March 23, 2023

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Amid SVB’s collapse, the defunct cryptocurrency exchange FTX is suing the venture capital company Modulo Capital, which got a significant investment from Alameda Research last year. The lawsuit seeks to recover $460 million in client monies that FTX is said to have improperly taken. Due to the...