Tag: Venture Capital

According to an article published by Bloomberg, on December 13, 2018, Basis, a stablecoin startup funded by the likes of Bain Capital Ventures, and Andreessen Horowitz has decided to call it a day due to the persistent ambiguity regarding classification of digital currencies as securities. Crypto Industry in Dire Straits Since November 2018, the cryptocurrency industry has been on a…

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Dapper Labs, the company behind the world’s first and most successful consumer blockchain product, CryptoKitties, has raised $15 million in financing led by Venrock, in an aim to bring more users to the blockchain, the company announced in a press release on November 1, 2018. Valuation Doubled in Venrock-Led Fundraising The company that created one of the most popular consumer…

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Binance, a blockchain company that runs one of the largest cryptocurrency exchanges in the world, has announced an investment from Vertex Ventures to open a crypto-to-fiat exchange in Singapore, Bloomberg reported on October 23, 2018. Vertex Invests in Binance to Expand in Singapore Vertex Ventures, the venture capital arm of Temasek Holdings Pte, has invested in digital asset trading platform…

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David Swensen, whose investing success with Yale’s endowment has earned him the nickname of Yale’s Warren Buffet, has made his first big bets on cryptocurrency by investing in two venture funds, CNBC reported on October 5. Influential Endowment Manager Jumps on the Crypto Bandwagon David Swensen, the chief investment officer of Yale’s $29.4 billion endowments, is reportedly making his first…

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A Singapore-based venture capital firm, Golden Gate Ventures, made an announcement via Reuters on August 10, 2018, that the company is primed to establish a $10 million fund to invest in blockchain and cryptocurrency startups. A Budding Partnership The new fund, dubbed “LuneX,” will primarily be used for investment in budding crypto and blockchain-based companies, including crypto token exchanges, security…

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Venture capital funds may not understand blockchain technology, but fully realize the economic benefits they stand to gain once the sector earns widespread momentum. Several blockchain companies have previously raised millions of dollars in fundings via ICOs or traditional methods, and it seems like companies related to the sector are raking in huge amounts of capital as well. Putting Mammoth…

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In recent times bad actors have taken advantage of the largely unregulated nature of the entire digital currency industry to lance their scam. Amidst this backdrop, the United States Securities and Exchange Commission (SEC) has not been taking these attempts lightly. However, some heavy-hitting VC firms in Silicon Valley have urged the regulatory watchdog to soften its harsh grip on…

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Chainalysis raised a $16 million Series A from Benchmark, an early venture fund that previously invested in Uber, Discord, Dropbox, eBay, Zendesk, and WeWork. The cryptocurrency compliance startup also released a new product called Know Your Transaction (KYT) which will help companies track criminals involved in financial fraud and money laundering. Federal Interest: Chainlaysis and the Mt Gox Case Chainalysis…

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Early Bitcoin adopter Tim Draper is convinced that cryptocurrencies will soon dominate the financial sector. Draper told Forbes, “I believe that Bitcoin and crypto will drive most of the commerce of the world.” The Silicon Valley venture capitalist has had confidence in Bitcoin since its initiation in 2009. Early Crypto Adopter and Believer In the past, Draper firmly supported Bitcoin…

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As of late, Vitalik Buterin has been focusing his attention on a venture capital fund that is based in China called Fenbushi Capital. However, with large-scale turmoil in the world of crypto recently, he has decided to leave his role in this VC firm and turn his attention back towards the future of the sector. Curbing Hype There have been…

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