Sequoia slashes its crypto fund by 66% after industry collapses: Report

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 [...]

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FTX to Sell Remaining Interest in Sequoia Capital to Abu Dhabi Sovereign Wealth Fund

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)

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Deaton Says This Investigation Could Lead to Gary Gensler’s ‘END’

Deaton supports claims that the SEC protects Chinese interests at the expense of American national security. Attorney John E. Deaton has asserted that a congressional investigation into the United States Securities and Exchange Commission’s failure to investigate questionable Chinese investments by Sequoia Capital could be the SEC chair Gary Gensler’s undoing. The lawyer representing thousands […]

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FTX Lawsuits Pile Up: Silvergate Bank, Sequoia Capital, Paradigm, Face Litigation

Major institutions face class action lawsuits over their roles in enabling and promoting FTX.

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Sequoia Capital, Paradigm among VCs facing "tricky" FTX investor lawsuit

It’s a “tricky case,” as it is unknown what obligation these firms actually had to “completely separate investors,” suggests a crypto lawyer.

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BlackRock CEO: FTX Token caused downfall, but tech still revolutionary

Despite taking issue with tokens created by centralized exchanges, BlackRock’s CEO sees securities tokenization as the next evolution of the financial market.

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Canada’s largest pension fund writes off $95M FTX investment

Canada’s largest pension fund Ontario Teachers said it would write off its $95 million in bankrupt crypto exchange FTX, according to a November 17 press statement.

The post Canada’s largest pension fund writes off $95M FTX investment appeared first on CryptoSlate.

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Crypto Flipsider News – FTX Update; Authorities Open Probe; Sequoia Zeros FTX; $900m SOL Unlocked; DeFi TVL Plunges

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Continue reading Crypto Flipsider News – FTX Update; Authorities Open Probe; Sequoia Zeros FTX; $900m SOL Unlocked; DeFi TVL Plunges at DailyCoin.com.

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Sequoia Capital's $213.5m Investments in FTX Marks Down to $0

Amid the liquidity crisis in FTX, Sequoia Capital announced to mark down its FTX investment to $0. (Read More)

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Sequoia Capital Drops Its FTX Holdings to $0, Following “Liquidity Crunch”

Sequoia Capital, the US-based venture capital firm, has dropped its FTX investment to zero dollars. In a recent letter to

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Sequoia Capital marks down entire $214M FTX stake to zero

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.

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Twitter monetization and free speech drove Binance's $500M injection: CZ

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.

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Binance and Sequoia Capital continue to support Musk’s Twitter takeover

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 […]

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Binance, Sequoia still backing Elon Musk’s bid for Twitter

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.

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Elon Musk Secures Funding From Crypto-Friendly Binance, Sequoia, Fidelity to Buy Twitter – Featured Bitcoin News

Tesla and Spacex CEO Elon Musk has secured $7.139 billion in new financing commitments to fund his acquisition of Twitter, including from several pro-crypto companies. Cryptocurrency exchange Binance, for example, has committed to invest $500 million in the social media platform alongside Musk. Crypto-Friendly Companies Join Elon Musk to Buy Twitter Tesla CEO Elon Musk […]

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Precog Finance Secures Investment and Partnership With Sequoia DAO

The blockchain and cryptocurrency space is expanding every passing day. One of the invariable outputs of a maturing industry is the unification of vital players to create impact faster, more effici...

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Crypto venture capital firms see surging assets under management

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.

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LayerZero Raises $135M to Tackle Interoperability in Crypto

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Solana’s Top NFT Marketplace Magic Eden Announces $27M Raise

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Sequoia Capital is Looking to Invest $500-$600M in Crypto Tokens

Sequoia Capital will primarily invest in liquid tokens – cryptocurrency tokens traded on third-party exchanges. 

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