Blockchain developer QuickNode raises $60M at $800M valuation
Like other blockchain developers, QuickNode is pivoting sharply into Web3 — a sector that has attracted keen venture capital interest. Go to Source Powered by WPeMatico
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FTX VCs liable to ‘serious questions’ around due diligence — CFTC Commissioner
The lack of recordkeeping of FTX coupled with “an auditor no one’s ever heard of” forces the CFTC to ask questions about the mindset of the institutional investors. Go to Source Powered by WPeMatico
Crypto Biz: SBF’s newest Excel spreadsheet reveals all
FTX’s debtors are applying “Herculean” effort to unearth the exchange’s remaining assets. Meanwhile, Sam Bankman-Fried claims FTX US is solvent. Go to Source Powered by WPeMatico
Former FTX US president raises $5M for new crypto software firm
Brett Harrison departed FTX US roughly two months before FTX Group filed for bankruptcy, citing “cracks” in his relationship with SBF. Go to Source Powered by WPeMatico
Crypto could solve venture capital’s due diligence problem — VC exec
Due diligence has always been an issue in the venture capital space according to a VC executive, but crypto offers a solution: A public and immutable ledger. Go to Source Powered by WPeMatico
Deal Box launches $125M blockchain and Web 3 venture fund
The firm previously specialized in tokenizing equity and bond issuance for startups. Go to Source Powered by WPeMatico
Africa Web3 games publisher Carry1st raises $27M
VC firms Bitkraft Ventures and Andreessen Horowitz participated in the funding round, which aims to advance Web3 gaming in Africa. Go to Source Powered by WPeMatico
Blockchain industry shows signs of stabilizing in 2023: Report
December continued to see Bitcoin trade below its 50-, 100- and 200-day moving averages, but stabilization in the DeFi sector is flashing positive signals at the start of 2023. Go to Source Powered by WPeMatico
FTX collapse may boost ‘further trust’ in crypto ecosystem — Nomura exec
Jez Mohideen, co-founder and CEO at Laser Digital, argued that traditional financial companies entering the crypto space will help to regulate the industry. Go to Source Powered by WPeMatico
2023 could be a rocky year for crypto venture investments: Galaxy Research
Around $30 billion was invested into crypto and Web3 startups in 2022, but will it be repeated this year? Go to Source Powered by WPeMatico