Venture funding for African crypto startups grew 11x in 2022: Report

While Africa has not yet seen a “blockchain mega-deal,” the report noted that crypto unicorns might emerge from the region in 2-3 years. As the African region continues to adopt crypto and blockchain, more venture funding flowed into the continent in 2022’s first quarter compared to the first quarter of 2021, according to a new report by blockchain-investment firm Crypto Valley Venture Capital (CV VC) and Standard Bank. The report, titled “The African Blockchain Report 2021,” shows that blockchain startups were able to raise $91 million within 2022's first quarter.

Delphi Digital Explains How the LUNA-UST Fiasco Harmed the Firm

The cryptocurrency research and investment firm is hoping to learn a lesson from the Terra crash after suffering a large unrealized loss.

Venture Capital Giant Andreessen Horowitz Launches New $600,000,000 Metaverse Fund

A Silicon Valley-based investment firm is launching a new $600,000,000 metaverse fund in its latest push to embrace crypto assets.

Irreverent Labs Raises $40m in Funding, Led by a16z

Seattle startup Irreverent Labs has once again raised $40 million in funding led by Silicon Valley heavyweight investment firm a16z.

Hedge Fund Marshall Wace Forms Workforce, Focusing on Blockchain Investments

Investment firm Marshall Wace is forming a blockchain team, focusing on investing in private blockchain-related companies.

VanEck enters metaverse with launch of NFT collection

VanEck Community NFT co-founder Matt Bartlett said that the tokens could serve as a type of digital membership card. VanEck, an investment firm with over $82 billion in assets under management, revealed its entrance into the Metaverse by releasing a collection of 1,000 nonfungible tokens (NFTs) on Monday.The VanEck Community NFT, which is based on the Ethereum network, features an illustration of Alexander Hamilton called “Hammy” as he journeys through time and space in his quest to understand past, present and future financial policies.

Bitcoin Has Reached ‘Escape Velocity’ Based on One Metric, Says Hedge Fund CEO Anthony Scaramucci

Global investment firm SkyBridge Capital founder and CEO Anthony Scaramucci is expressing bullish sentiment on Bitcoin (BTC).

Dragonfly Capital Launches $650M Venture Fund

The crypto-focussed investment firm, Dragonfly Capital has closed its third fund with $650 million.

Tokens․com Makes a Big Metaverse Move into SuperWorld

PRESS RELEASE. The Web3 Investment firm has purchased 40 NFT plots of virtual real estate on the SuperWorld platform.

The Boom and Bust Days of Bitcoin (BTC) Are Over, According to Fidelity Macro Analyst – Here’s Why

A macro analyst at a $3.3 trillion investment firm says the days of Bitcoin (BTC) skyrocketing over 1,000% and then crashing 80% are over.

Venture Capital Giant Andreessen Horowitz Launches Crypto and Web3 Research Lab

A Silicon Valley-based investment firm is launching a new technological research lab to focus on innovation and problem solving as the world of crypto and blockchain expands and matures.

Security Compliance Firm Seon Pulls $93m from Investors Backed by IVP

Seon, a United Kingdom-based fintech security and compliance platform has pulled over $93 million in a Series B funding round from investors led by IVP, a Silicon Valley-based investment firm.

$34,000,000,000 Asset Manager Investcorp Launches Global Blockchain Fund

A leading global alternative investment firm is establishing a blockchain fund with a global investment mandate.

BlackRock joins stablecoin issuer Circle's $400M funding round

Already being the primary asset manager of USDC cash reserves, BlackRock will now also be exploring capital market applications for the USDC stablecoin. Circle, a major peer-to-peer payments firm and the principal operator of the UDC Coin (USDC), has announced a $400 million funding round and a new partnership with the American investment firm BlackRock.The USDC issuer has entered into an agreement for a funding round featuring investors like BlackRock, the investment advisory firm Fidelity Management and Research, the London-based hedge fund Marshall Wace and Fin Capital, as Circle officially announced Tuesday. The investment round is expected to close in the second quarter of 2022.Apart from providing strategic investment and being the primary asset manager of USDC cash reserves, BlackRock has inked a broader strategic cooperation with Circle.

White Star Capital raises $120M for Ubisoft backed Web3 investment fund

The Web3 tech investment firm will contribute up to $7 million to as many as 25 companies across Europe, Asia, and North America with the new funds. Tech venture capital firm White Star Capital has secured $120 million in funding for its second Digital Asset Fund (DAF II) to invest in crypto networks and early-stage blockchain and Web3 businesses.The fund is primarily backed by game publishing giant Ubisoft and will take a particular focus on decentralized finance (DeFi) and gaming.

Animoca Drives into Crypto Racing Games With Latest Acquisition

The NFT and Metaverse investment firm plans to continue building out its REVV Motorsport ecosystem with a Metaverse-first approach. Gaming and venture capital firm Animoca Brands has completed its landmark acquisition of Eden Games, publishers of the Gear.Club, Test Drive series, and other popular racing games.Eden Games is a France-based firm that was founded in 1998.

Three Ex-Citi Executives Launch Crypto Investment Firm

Three former Citi executives have started a new crypto investment firm named Motus Capital.

Crypto venture capital firms see surging assets under management

Filings reveal the massive amount of assets that crypto venture funds are managing, Andreessen Horowitz’s (a16z) crypto funds were also disclosed to be worth around $9 billion. Venture capital (VC) firms focused on Web3 projects and crypto businesses are accumulating billions of dollars worth of assets under management as more capital is injected into the sector.The assets under management figure for Web3 and crypto investment firm Paradigm has recently been revealed.

Vaneck Report Calculates Bitcoin Price Could Tap $4.8M if BTC Becomes the Global Reserve Currency

On Thursday, the investment firm Vaneck published a blog post that calculates how much gold or bitcoin would be worth if the two assets became global reserve assets.

Galaxy Digital delays BitGo acquisition to later on in 2022

The acquisition is scheduled to follow Galaxy's domestication in Delaware, which is expected to become effective between Q2 and Q4 of 2022. Cryptocurrency investment firm Galaxy Digital has not managed to finalize the acquisition of the digital asset custodian BitGo in the first quarter of 2022 as the firm originally planned.Galaxy Digital has made some changes to the terms of its acquisition of BitGo, CEO Mike Novogratz announced in an earnings call on Thursday.“We’ve adjusted the deal some, for progress that BitGo has made,” Novogratz said, noting that BitGo has hired about 150 people since the firms originally signed the deal in May last year.He added that Galaxy remains committed to “integrating BitGo and becoming an institutional crypto platform” and the companies will continue to work on integration.According to an official statement, Galaxy Digital and BitGo have renegotiated the acquisition to happen “immediately following” the domestication of Galaxy Digital as a Delaware corporation.

VanEck says Bitcoin could hit $4.8M if it became the global reserve asset

The investment firm made very high valuation for BTC and gold based on the extreme case that either becomes the reserve global currency. American investment firm VanEck believes that Bitcoin has double the upside of gold and could be worth as much as $4.8 million per coin if it becomes the global reserve asset.That’s a big ‘if’ of course, and VanEck thinks the Chinese Yuan is a more likely contender.The lofty assessment for BTC came in a March 30 insights piece written by VanEck’s Head of Active EM Debt Eric Fine and Chief Economist Natalia Gurushina who attempted to compare the price implications for gold and Bitcoin (BTC) if either were to be adopted as the backing for global currency regimes.VanEck’s analysis found that the implied price for BTC ranged from $1.3 million to $4.8 million.

Polygon NFT Gaming Firm Cross the Ages Secures $12m in Seed Round, Backed by Ubisoft, Animoca

Blockchain game "Cross the Ages" (CTA) has received a $12 million seed round from gaming crypto investment firm Animoca Brands, video game developer Ubisoft, and Sebastian Borget, co-founder and COO of The Sandbox.

British Crypto Investment Firm Launches Avalanche, Cosmos, Polygon ETPs

Crypto ETP issuer, ETC Group has launched three crypto exchange-traded products that track the price of Avalanche (AVAX), Cosmos (ATOM), and Polygon (MATIC).

DeFiance Capital founder loses $1.6M in hot wallet hack

The hackers took on one of the biggest names in DeFi, but may have bitten off more than they could chew as "Arthur_0x" warned, “you messed with the wrong person.” Founder of major crypto investment firm DeFiance Capital, “Arthur_0x”, has suffered a hack on one of his hot wallets resulting in the loss of more than $1.6 million in nonfungible tokens (NFTs) and crypto.In a tremendous show of support, the crypto community has come to his aid to help retrieve the stolen items as he asked people to blacklist the hacker’s wallet.

Goldman Sachs Makes Over-The-Counter Bitcoin Trade—First By Major Wall Street Bank

Galaxy Digital, a New York-based cryptocurrency investment firm that partners with Goldman on the bank's Bitcoin futures trading desk, facilitated the transaction.

Valkyrie Investments‘ Leah Wald on Bitcoin ETFs and the future of digital assets

Valkyrie Investments CEO Leah Wald opens up on the importance of Bitcoin ETFs and why the traditional financial world should pay attention to digital assets moving forward. Cointelegraph sat down with Leah Wald, CEO of digital asset investment firm Valkyrie Investments, to learn more about the importance of a Bitcoin (BTC) exchange-traded fund (ETF) and the future of digital assets. For context, Valkyrie Investments was launched in 2021 and is one of the only asset managers to have three Bitcoin-adjacent ETFs trading on the Nasdaq.

$150,000,000,000 Investment Giant Bain Capital Announces Massive New Crypto Arm

A leading investment firm with over $150,000,000,000 in assets under management is launching a new crypto fund.

Bain Capital Ventures Launches $560 Million Crypto Fund

Investment firm Bain Capital Ventures is launching a fund exclusively focused on the crypto industry.

VanEck files for new ETF to track crypto and gold mining companies

The ETF will track securities in an index that measures the performance of gold mining and digital assets mining firms, according to the filing. VanEck, an investment firm with almost $82 billion in assets under management, has submitted an application to the United States Securities and Exchange Commission (SEC) for the launch of a new exchange-traded fund that invests in gold mining and Bitcoin (BTC) mining companies.According to the SEC document filed on March 3, the fund will focus on securities in an index that reflects the performance of gold mining and digital assets mining firms.

FCA reiterates power to 'suspend or cancel' crypto firms' registrations following Bifinity concerns

Certain individuals and entities that are part of the Binance Group may now be considered “beneficial owners” of Digivault following the Bifinity and Eqonex partnership. The United Kingdom’s Financial Conduct Authority, or FCA, has issued a warning to Binance Markets in response to Binance’s payment company Bifinity and investment firm Eqonex entering a strategic partnership.In a Monday statement, the FCA reiterated that Binance Markets Limited was not allowed to conduct certain regulated crypto-related activities in the United Kingdom without prior consent due to previous concerns about the company being incapable of “being effectively supervised,” claiming some of its products posed “a significant risk” to investors.