Venture capitalists invested $2.6 billion in crypto startups in Q1
For January–March 2023, venture investments in crypto startups across 353 funding rounds totaled $2.6 billion.News and analysis on venture investments in the cryptocurrency market.
Venture capitalists invested $2.6 billion in crypto startups in Q1
For January–March 2023, venture investments in crypto startups across 353 funding rounds totaled $2.6 billion.
Binance to Launch Build The Block Reality Show in the Metaverse
The cryptocurrency exchange Binance announced plans to host the reality show Build The Block in the metaverse. Viewers and a panel of judges will determine which of the 12 Web3 developers is worthy of becoming the next major project in the space.
Crypto venture firm Credably Neutral raises $5.5m
New investment firm Credably Neutral, focused on Web3, has received funding of $5.5m.
Binance puts assets under management by its venture arm at $9 billion as of end-Q1 2023
The value of assets under management by Binance's venture arm is estimated at $9 billion as of the end of Q1 2023. This was disclosed by the exchange's chief business officer, Ibo Ling.
Standard Chartered’s crypto-custody arm raises $36 million
Standard Chartered's crypto custody subsidiary Zodia Custody has raised $36 million in a Series A round.
DeFi protocol Thetanuts raises $17m
The DeFi protocol Thetanuts Finance, focused on crypto options, has closed a $17 million funding round led by Polychain Capital, Hyperchain Capital and Magnus Capital.
Animoca’s Web3-education unit raises $8.5 million
TinyTap, the subsidiary of Animoca Brands, raised $8.5 million from Sequoia China and Polygon at a $100 million valuation. The Block reports.
Tiger Global fund posts 20% loss after write-down of crypto startups
Tiger Global Management's venture fund posted a 20% loss for 2022 after a negative revaluation of crypto startup investments. The Information reports.
Ontario Teachers’ Pension Plan to write off $95 million investment in FTX
The Ontario Teachers' Pension Plan (Canada) said it plans to write off by the end of 2023 a $95 million investment in the Bitcoin exchange FTX that collapsed and its U.S. subsidiary.
FTX Collapse Pushes Coral Startup Into Survival Mode
The crypto startup Coral shifted to autonomous mode and did not lose its focus on development after the FTX collapse deprived it of the $20 million raised in its funding round. The Block uncovered the team's story.We use cookies to improve the quality of our service.
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