Auto Added by WPeMatico

Sequoia Capital Designates $500-600 Million to Crypto Fund Focused on Liquid Digital Assets

On February 17, the venture capital firm Sequoia Capital announced the launch of a new $500 million to $600 million sub-fund dedicated to “liquid tokens and digital assets.” The company…

Continue ReadingSequoia Capital Designates $500-600 Million to Crypto Fund Focused on Liquid Digital Assets

Bank of Russia Reports First Successful Digital Ruble Transfers Between Users

Testing of the digital ruble has started in Russia with the country’s central bank announcing the first complete transactions between individual wallets. The monetary authority, a staunch opponent of cryptocurrencies,…

Continue ReadingBank of Russia Reports First Successful Digital Ruble Transfers Between Users

Red Bull Racing Partners With Bybit, F1 Team Says It’s the ‘Largest per Annum Crypto Sports Deal to Date’

Red Bull Racing (RBR) has announced the cryptocurrency exchange platform Bybit has joined RBR as a principal team partner. According to the announcement, RBR says the deal is the “largest…

Continue ReadingRed Bull Racing Partners With Bybit, F1 Team Says It’s the ‘Largest per Annum Crypto Sports Deal to Date’

Ethereum Web3 Wallet Rainbow Raises $18 Million From Alexis Ohanian’s Seven Seven Six

The team behind the Ethereum wallet Rainbow announced the project has raised $18 million in a Series A funding round led by Alexis Ohanian’s venture capital firm Seven Seven Six.…

Continue ReadingEthereum Web3 Wallet Rainbow Raises $18 Million From Alexis Ohanian’s Seven Seven Six

Animoca Brands and Venture Accelerator Brinc Launch $30 Million Play-to-Earn Guild Fund

The blockchain firm Animoca Brands announced the company has partnered with the venture accelerator Brinc in order to launch a play-to-earn (P2E) Guild Accelerator Program. Both firms plan to dedicate…

Continue ReadingAnimoca Brands and Venture Accelerator Brinc Launch $30 Million Play-to-Earn Guild Fund

European Commission to Launch Digital Euro Consultations in March, Propose Bill Early Next Year

The executive arm of the EU is gearing up to start public consultations on the digital euro project next month. The European Commission will also prepare new legislation to establish…

Continue ReadingEuropean Commission to Launch Digital Euro Consultations in March, Propose Bill Early Next Year

Fitch Ratings Downgrades El Salvador Deeper Into Junk Status Citing Bitcoin Risks

One of the largest rating agencies in the U.S., Fitch Ratings, has downgraded El Salvador’s long-term default rating deeper into junk status, citing risks from adopting bitcoin as legal tender…

Continue ReadingFitch Ratings Downgrades El Salvador Deeper Into Junk Status Citing Bitcoin Risks

Polygon Raises $450 Million From Sequoia Capital India, Softbank, Shark Tank’s Kevin O’leary

The blockchain project Polygon announced it has raised $450 million on Monday in a fundraising round led by Sequoia Capital India with participation from more than 40 venture capital firms.…

Continue ReadingPolygon Raises $450 Million From Sequoia Capital India, Softbank, Shark Tank’s Kevin O’leary