Tag: Venture Capital

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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Tim Draper has announced that he will participate in the Tezos ICO. Draper is the third generation in a line of Silicon Valley venture capitalists. He is a founding partner of Draper Associates and Draper Fisher Jurvetson (DFJ). His father was an early investor in Skype and owned 10 percent of the company when it was sold to eBay for…

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Blockchain Capital, which focuses on investing in bitcoin and blockchain startups, announced late February its intentions to raise $50 million for a new fund partly through the issuance of a proprietary digital token. The San-Francisco-based firm’s Managing Partner, Brock Pierce, said in an interview that an Initial Coin Offering (ICO) would finance a part of their third blockchain fund, where…

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