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Sequoia Capital, one of the leading venture capital firms in the world, has made a significant move by reportedly cutting its crypto-focused investment fund by a staggering 66%. According to a report from The Wall Street Journal, the once-valued $585 million fund has now dwindled to a mere $200 million. This drastic reduction comes as […]
Venture capital giant Sequoia Capital reportedly downsized its cryptocurrency fund from $585 million to $200 million, amid a liquidity crunch and a pivot away toward smaller crypto players. According to a July 27 Wall Street Journal report, the tech-focused VC firm told investors in March it would reduce its Sequoia Crypto Fund — along with [...]
The post Sequoia slashes its crypto fund by 66% after industry collapses: Report appeared first on Crypto Breaking News.
FTX has struck a deal with a company owned by the government of Abu Dhabi to sell its remaining interest in venture capital firm Sequoia Capital for $45 million. The deal is subject to approval by the Delaware bankruptcy judge and is part of FTX's efforts to liquidate its investments to pay off its debts to creditors. Meanwhile, Voyager Digital has agreed to set aside $445 million after being sued by Alameda Research over loan repayments. (Read More)
Major institutions face class action lawsuits over their roles in enabling and promoting FTX.
It’s a “tricky case,” as it is unknown what obligation these firms actually had to “completely separate investors,” suggests a crypto lawyer.
Read our crypto digest here.
Amid the liquidity crisis in FTX, Sequoia Capital announced to mark down its FTX investment to $0. (Read More)
The venture capital firm assured partners it ran a rigorous due diligence assessment when it invested in FTX, finding the exchange to generate $1 billion in revenue and $250 million in operating income.
Binance will also assist Twitter’s integration into Web3 by implementing crypto payments and deploying a dedicated team of on-chain specialists to stop spam bot accounts.
Over time, Binance has become more and more well-known. The exchange has been operating successfully with millions of consumers worldwide since its launch in 2017. With more than 600 coins available for trading, the exchange has created a reliable platform. Binance and Sequoia Capital, two of the principal equity investors in Elon Musk’s buyout of […]
The Twitter deal is back on this month, and Binance confirmed to Cointelegraph that it intends to support the deal as part of its push for Web3 adoption.
Filings reveal the massive amount of assets that crypto venture funds are managing, Andreessen Horowitz’s (a16z) crypto funds were also disclosed to be worth around $9 billion.
Sequoia Capital will primarily invest in liquid tokens – cryptocurrency tokens traded on third-party exchanges.
Continue reading Sequoia Capital is Looking to Invest $500-$600M in Crypto Tokens at DailyCoin.com.
Sequoia Capital will primarily invest in liquid tokens – cryptocurrency tokens traded on third-party exchanges.
Continue reading Sequoia Capital Is Looking to Invest $500M-$600M in Crypto Tokens at DailyCoin.com.
Sequoia Capital is doubling down on its bullish stance in the digital currency ecosystem with the launch of a $500 to $600 million investment. (Read More)
In a key milestone, EDX Markets has successfully kick-started its cryptocurrency trading operations and completed a fresh funding round (Read More)
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