Venture Capital

ConsenSys Strategy Chief Steps Down to Launch Venture Fund

ConsenSys chief strategy officer Sam Cassatt is stepping down to launch a new venture fund, Aligned Capital, with the backing of ConsenSys founder Joe Lubin. ConsenSys said Cassatt will stay on with the ethereum venture studio in an advisory capacity. Speaking Friday at San Francisco’s TransTech Conference, Cassatt said his fund is seeking to raise …

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DeFi Startup Compound Finance Raises $25 Million Series A Led by A16z

Lending protocol Compound Finance just raised $25 million in a round led by Andreessen Horowitz’s a16z crypto fund, marking one of the largest venture capital investments in a decentralized finance (DeFi) startup to date. According to DeFi Pulse, Compound has nearly $103 million worth of crypto locked up in its automated system, which can generate …

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Winklevoss Capital, Coinbase Back $1.8 Million Round for Bitski Crypto Wallet

A startup making it easier for developers to put crypto wallets in their applications is announcing a seed round from the likes of Galaxy Digital, Winklevoss Capital and Coinbase Ventures. Bitski thinks its developer platform can help the crypto sector overcome a key hurdle: For most folks, setting up a wallet is a pain. By …

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Ripple Invests in Biometric Cybersecurity Startup’s $2.2 Million Round

Cybersecurity startup Keyless has raked in $2.2 million in seed funding to expand a security product that unlocks access to users’ private keys with encrypted biometric data. The London-based firm claims to be the first in the world to combine biometrics with cryptography and has attracted investors like venture fund gumi Cryptos Capital, which led …

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Pension Funds Put $50 Million Into Morgan Creek’s New Blockchain Fund

Morgan Creek Digital has raised the first $60.9 million tranche of its $250 million target for its second venture capital fund. Morgan Creek revealed exclusively to CoinDesk that the same institutions from the first fund, including two public pension funds, have increased their investments in the second by more than twofold. Together, Fairfax County’s Virginia’s …

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‘Teenage Bitcoin Millionaire’ Co-Founds $1 Million Investment Fund for Crypto Startups

The leaders of crypto payment app Metal Pay, Marshall Hayner and Erik Finman, are launching an investment fund. Dubbed Metal VC, the $1 million dollar fund will focus on micro and angel investments, primarily in early-stage companies involved in banking and decentralized finance. The fund will allow the startup to align with partners as it …

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NIXT – Nexinter Launches Exchange Offering Using SLP

<header class=”article__header”> </header> Today, NextHash and Bitcoin.com have entered a technical partnership to design and structure the NIXT utility token. NIXT token is being listed in its fully operational exchange Nexinter on top of Bitcoin Cash, using the Simple Ledger Protocol (SLP) framework. The Simple Ledger Protocol whitepaper was published last July and the project …

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Stripe-Backed Payments Firm Raises $100 Million to Compete Against Stablecoins

Stripe-backed digital payments platform Rapyd raised $100 million in a Series C funding round to face off against the arrival of stablecoins. The VCs behind the platform are pushing the pace with the funding round, after Rapyd raised a $40 million Series B in February. General Catalyst and Tiger Global, which both backed $35 billion-valued …

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New Interest in DAOs Prompts Old Question: Are They Legal?

“Ethereum is only now starting to shrug off its ‘PTSDAO,’” tweeted Ameen Soleimani, the SpankChain CEO and creator of a now-$1.2 million decentralized autonomous organization (DAO) called the MolochDAO. After an infamous hack drained “The DAO” of roughly $60 million in 2016, developers have been hesitant to kickstart new projects in its likeness. That is, …

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Crypto Venture Firm 1confirmation Announces New $45 Million Fund

Venture capital firm 1confirmation is announcing a new, $45 million fund for investing in cryptocurrency startups. Led by early Coinbase employee Nick Tomaino, the firm’s first fund, focused on seed rounds, amounted to $26 million. “We wanted to start off relatively small, prove out the model and raise more capital if the model was working,” Tomaino …

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