Last year was impressive for blockchain startups, as research from CB Insights found that venture capital funding reached new heights during every quarter of 2021. According to CB Insights’ “State Of Blockchain 2021” report, $25.2 billion worth of venture capital funding went to global blockchain startups last year, demonstrating a 713% increase from $3.1 billion in 2020.The … [Read more...] about Blockchain startups grow as global VC funding generated $25.2B in 2021
Startups
Crypto Exchange FTX Establishes $2B Fund to Invest in Crypto Startups
Crypto derivatives exchange FTX has set up a $2 billion fund to invest in crypto-industry startups, the Wall Street Journal reported, citing Amy Wu, who heads the fund. Wu later confirmed the move in a tweet.FTX Ventures is one of the industry's largest funds, the report said. The full funding came from FTX and its founder, Sam Bankman-Fried. Investments could be as low as … [Read more...] about Crypto Exchange FTX Establishes $2B Fund to Invest in Crypto Startups
Industry Body for Indian Startups Seeks Crypto Rules in Coming Budget Session of Parliament
“It is critical for the Union Budget to clearly lay down taxation clarity around crypto assets by formally naming them in tax laws,” said a letter to India’s Finance Minister by IndiaTech.org, an industry body of startups including crypto exchanges. The group plays an active part in discussions about policy framework to regulate crypto with government and India’s central bank, … [Read more...] about Industry Body for Indian Startups Seeks Crypto Rules in Coming Budget Session of Parliament
Coinbase CEO Brian Armstrong Is Sued for Allegedly Stealing Blockchain Startup’s Work
It was, according to the complaint, Armstrong’s intent to “steal MouseBelt’s work for themselves, to not only eliminate a potential competitor but to obtain for ResearchHub the benefits of the financial, design and technical resources MouseBelt put into Knowledgr, thereby allowing ResearchHub to launch sooner at less cost a successful platform based entirely or substantially on … [Read more...] about Coinbase CEO Brian Armstrong Is Sued for Allegedly Stealing Blockchain Startup’s Work
Indian state government to accredit Web2 and Web3 blockchain startups
The state government of Telangana announced the launch of the India Blockchain Accelerator program to foster early-stage Web2 and Web3 startups and blockchain developers aimed at solving real-world challenges. The program will be launched in partnership with unicorn crypto exchange CoinSwitch Kuber and Lumos Labs, a technology innovation management firm. In a dialogue with … [Read more...] about Indian state government to accredit Web2 and Web3 blockchain startups