The U.S. continued to lead the world in VC funding into the industry, investing a record high of $2.97 billion in the third quarter, up slightly from the second-quarter figure of $2.87 billion and the fifth consecutive quarter of increases overall. For Q3, the U.S. was followed by Asia with $1.4 billion invested, and Europe with $1.1 billion. Source link … [Read more...] about VCs Invested Record $6.5B in Crypto, Blockchain in Q3: CB Insights
VCs
Large VCs are sidelining smaller crypto investors, PwC crypto lead says
As cryptocurrency continues to take over mainstream finance, formerly cautious investors across the globe are rethinking their stance of counting crypto as a bad investment. This change of heart leads to a higher market valuation of crypto businesses due to increased funding from goliath investors. Citing this trend, PricewaterhouseCoopers crypto leader Henri Arslanian claimed … [Read more...] about Large VCs are sidelining smaller crypto investors, PwC crypto lead says
VCs bet big on layer-two as StarkWare raises a staggering $75 million
As Ethereum gas fees soar and the demand for scalability reaches fever pitch, layer-two scaling solution has announced today a $75 million Series B funding round led by Paradigm, Three Arrows, Alameda Research, Pantera Capital, and Sequoia, among others. The team announced the raise in a Tweet:Announcing our $75M Series B, led by @paradigm, with new investors (Three Arrows … [Read more...] about VCs bet big on layer-two as StarkWare raises a staggering $75 million
Silicon Valley VCs and BNY Mellon announce $170 million investment in Fireblocks for Bitcoin custody
The Bank of New York Mellon, known as BNY Mellon, is one of several investment firms investing in Fireblocks, a startup platform for digital asset custody. Fireblocks will raise $170 million in its Series C venture capital investment, according to Forbes.BNY Mellon plans to use Fireblocks’ technology for its custodian services, in an attempt to embrace and offer custodial … [Read more...] about Silicon Valley VCs and BNY Mellon announce $170 million investment in Fireblocks for Bitcoin custody