This week’s Crypto Biz explores SVB Capital bids, new funds from Blockchain Capital, the Hut 8-US Bitcoin merger and Citigroup’s private blockchain. The venture capital industry appears to be gearing up for portfolio rebalancing in 2024, with investors positioning themselves to increase exposure to digital assets in the next bull market. Blockchain Capital, for instance,…
Read more
Blockchain Capital, a venture capital fund for cryptocurrency builders, has announced the closing of two funds that together total $580 million. The fundraiser, the largest one of the company in its ten years of existence, reveals the interest of investors in the blockchain sector as a source of business opportunities. Blockchain Capital Raises $580 Million…
Read more
Blockchain Capital, a crypto-focused investment firm, has successfully raised $580 million for two new investments funds in infrastructure, gaming, DeFi, and consumer technologies. The first, the sixth $380 million early-stage fund, will concentrate on newer companies and protocols in pre-seed and Series A rounds. This fund follows the firm’s fifth early-stage fund, valued at $300…
Read more
The funds include $380 million for early stage investments and a $200 million “opportunity fund.” Venture capital group Blockchain Capital announced the closing of two new funds, totaling $580 million, for investment in infrastructure, gaming, DeFi, and consumer and social technologies. The funds will operate as Blockchain Capital’s sixth early stage fund and its first…
Read more
Co-founder and managing partner at Blockchain Capital, Bart Stephens, has taken legal action against an unidentified hacker who allegedly stole $6.3 million worth of cryptocurrencies from his digital wallets, Forbes reported. Stephens claims Jane Doe exploited a SIM-swap vulnerability, manipulating personal information sourced from the dark web to bypass security protocols with the cellular network…
Read more
The account has made multiple posts promising a token giveaway and ushers users to a copycat website to connect their crypto wallet. The X (Twitter) account of crypto-focused venture capital firm Blockchain Capital has seemingly been taken over by scammers attempting to lure users with the promise of a token claim. On Aug. 9, Blockchain…
Read more
After Tools for Humanity, the team behind the biometric cryptocurrency project Worldcoin announced it had raised $115 million in a Series C led by Blockchain Capital, Sam Altman, co-founder and chief executive of the artificial intelligence (AI) firm Openai, clarified at an event held at Tel Aviv University that he is not involved in the…
Read more
The venture capitalist predicted blockchain would perform based on its own fundamentals, similar to Amazon and Apple. The economic landscape may seem dire at the moment, but it’s unlikely to affect blockchain development, according to Pantera Capital CEO Dan Morehead. In an interview for Real Vision on Thursday, the venture capitalist said that he believes…
Read more
Libra gets another member as it strives to have 100 entities on board. The Facebook-initiated Libra blockchain project continues to grow as its governing body has added a new major industry partner. Blockchain Capital, one of the largest venture capital firms in the blockchain industry, has joined the Libra Association, according to an official Sept.…
Read more
Payment processor PayPal has led a $4.2 million funding round for cryptocurrency risk management platform TRM Labs to further grow its services. Payment processor PayPal has led a $4.2 million funding round for cryptocurrency risk management platform TRM Labs. In a Nov. 19 press release TRM Labs announced that it secured $4.2 million in an…
Read more
