Jake Chervinsky, chief legal officer at Variant Fund, a cryptocurrency venture capital firm, said in a social media post: "Today marks the beginning of a major shift in U.S. crypto policy. The goal is to achieve good regulation and a hundred flowers. The approach for the past four years has been to destroy entire meadows. The risk now is that a thousand scams will emerge: weeds kill flowers."
On January 15th, OpenAI announced the appointment of investment firm BlackRock executive Adebayo "Bayo" Ogunlesi to the board of directors. Ogunlesi is currently a senior management director of BlackRock and CEO of Global Infrastructure Partners, and has extensive experience in managing global organizations. He has held several senior positions at Credit Suisse and served as a legal assistant to U.S. Supreme Court Justice Thurgood Marshall. His addition will strengthen the OpenAI board's capabil...
According to CoinDesk, early-stage venture capital firm Sigma Capital has launched a $100 million fund focused on Web3 startups. According to an announcement via email on Tuesday, the Dubai-based firm is trying to capitalize on the reputation of the United Arab Emirates (UAE) as a cryptocurrency hub. The fund will focus on decentralized finance (DeFi), tokenization, and blockchain infrastructure by managing a portfolio of liquid tokens.
Capital Group, a Los Angeles-based investment firm with more than $2.30 trillion under management, has become one of Metaplanet's largest shareholders. Metaplanet, headquartered in Japan, attracted attention last year for building bitcoin (BTC) reserves by imitating Michael Saylor's MicroStrategy strategy. Metaplanet currently holds 1,762 bitcoins, making it the 15th largest listed company in the world to hold bitcoin.
Canadian investment firm Spirit Blockchain Capital said in a statement Thursday that it intends to leverage its Dogecoin holdings with a new revenue generation strategy. The publicly traded company says the move will enable it to deliver value to shareholders, in addition to expanding its financial efficiency and increasing the adoption of decentralized financial products.
Blockchain venture capital firm Verda Ventures has announced a $40 million MiniPay fund in partnership with web browser company Opera to support blockchain startups in emerging markets, with investors including Jump Crypto, Borderless Group and Richard Parsons. Startups benefiting from the MiniPay fund will have access to Opera's MiniPay wallet framework and build financial products around it, while also integrating related infrastructure.
A developer report released by venture capital firm Electric Capital found that Solana is the blockchain of choice for new developers. The report found that of the 39,148 new developers who started exploring cryptocurrencies this year, 7,625 were working on Solana, representing an 83 percent year-over-year increase in the number of developers on the network. This is the first time since 2016 that the Solana blockchain ecosystem has grown faster than Ethereum, the report said. However, in terms o...
Cosmo Jiang, general partner and portfolio manager at crypto hedge fund and venture capital firm Pantera Capital, said that as the industry matures, crypto investing will focus more on fundamentals, commenting: "If fundamental investing doesn't enter the industry, it means we failed, and all assets ultimately obey the law of gravity. At the end of the day, the only thing that matters to investors - and has been for thousands of years -...
Felix Hartmann, founder of venture capital firm Hartmann Capital, said most counterfeit products are likely to continue their downward trend until the end of January 2025. "Some counterfeit products may continue to rise briefly, but most counterfeit products may slowly decline or consolidate for 2-6 weeks," Hartmann said in an X post on December 10. "[In my opinion] there is not much opportunity to chase counterfeit products here, as many counterfeit products peak after 2-3 fluctuations in a wee...
DNA Holdings, a venture capital firm, has launched a trading platform dedicated to tokenizing investments in blockchain-based projects. The investment unit targets high-net-worth investors (individuals with at least $1 million in current assets), but also serves other venture capital firms seeking opportunities in the Web3 space.
U.S. money market fund assets rose to a record $6.77 trillion, according to the Investment Company Institute.
According to Bloter, South Korean venture capital firm Woori Technology Investment intends to sell its 7.22% stake in Upbit operator Dunamu after holding it for nine years. According to the third quarter report of Dunamu, a data analytics, retrieval and transmission system (DART) filed with the Financial Services Regulatory Authority (FSS), the stake is valued at about $300.88 million, while its acquisition cost in 2015 was only $3.89 million. The sale is expected to take place through block tra...
Cadenza, a venture capital firm specializing in blockchain and artificial intelligence, announced the completion of $50 million in its early-stage AI venture capital fund. The new fund will focus on pre-seed and seed stage investments, with a focus on infrastructure and enterprise application fields. Cadenza's current portfolio in the Web3 space includes: Web3 infrastructure Validation Cloud, Malaysia Digital Asset Exchange Hata, Web3 API platform Uniblock, L1 blockchain Linera, crypto wallet ap...
According to The Information, Sriram Krishnan, a general partner at venture capital firm Andreessen Horowitz, is leaving, and it is reported that he has been in discussions with Elon Musk about joining his government efficiency unit.
Closed-end investment firm C1 Fund Inc. filed a registration statement with the Securities Exchange Commission (SEC) on November 12 to raise $100 million through an initial public offering (IPO). The fund will invest at least 80% of its total assets in equity and equity-related securities of companies in the digital asset services and technology sector, with a focus on the top 30 leading companies in the sector. Headquartered in Palo Alto, California, C1 Fund is co-founded, president and CEO of ...