Venture capital exec says ‘lack of innovation’ drives funding away from crypto
Foresight Ventures partner Tony Cheng said that most of the narratives like layer-2 solutions, zero-knowledge tech and nonfungible tokens have already "played out."
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Kraken Ventures to raise $100M in second fund, with focus on ‘early stage founders’
The organization will also reserve a “significant portion” of the fund for follow-on investments and long-term entrepreneurial support.
How blockchain is transforming fundraising for startups and entrepreneurs
Investors and entrepreneurs can create and execute investment agreements directly on the blockchain.
FTX splurged on cartoon, book about humans and ‘Pineapple House,’ alleges CEO
Thousands in grants were given out by former FTX executives for niche projects, according to a report by FTX restructuring chief John Ray.
Hong Kong says Cyberport attracted 150 Web3 firms in a year
The country’s financial secretary says state funding and support have helped draw Web3 innovators to the digital hub.
Is the cryptocurrency market about to break its 10-week losing streak?
Regulatory uncertainty and the lack of transparency on stablecoins caused crypto markets to trade at its lowest levels in 3 months.
Bitcoin and select altcoins show resilience even as the crypto market sell-off continues
Regulatory enforcement against the crypto sector has spooked investors, but the total crypto market capitalization continues to hold above $1 trillion.
HyperPlay raises $12M in Series A funding round
Griffin Gaming Partners and Bitkraft co-lead investors in a $12 million Series A funding round for MetaMask and Game7’s HyperPlay.
Cronos Labs launches second cohort of $100M Web3 accelerator
On May 15, the chosen projects commenced the 12-week program after being granted seed funding of $30,000.
Bitcoin, Ethereum bears are back in control — Two derivative metrics suggest
Given the uncertainty in the macroeconomic environment, Bitcoin price bulls have no reason to bet against a six-week descending wedge pattern.
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