Venture capital deal flow into cryptocurrency startups is going in the same direction as the cryptocurrency market cap: down. The total crypto market cap has fallen almost 59% from about $2.25 trillion at the beginning of the year to $923 billion at the time of publication, according to CoinMarketCap data. “Deal activity tracks very closely […]
Apple’s 30% tech tax on developers has not just antagonized consumer tech giants like Epic Games and Spotify but is also turning web3 startups against it. Major NFT marketplaces OpenSea and Magic Eden noticeably only let users browse listings on their iPhone apps without enabling trading to avoid the steep fees. But doing so bars […]
Jesse Powell is stepping down from the CEO role at U.S.-based crypto exchange Kraken, The Wall Street Journal reported last month. Co-founded by Powell and Thanh Luu in 2011, Kraken is now the fourth-largest crypto exchange by volume, according to CoinMarketCap. It’s a critical inflection point for the company, which was valued at $10 billion […]
You have more than a month before Miami heats up for TC Sessions: Crypto on November 17, but you have only three days left until our special launch pricing sets sail and heads out to the OpenSea — ha, that’s a pretty NFT pun right there. Don’t waste another minute. Buy your pass — either […]
Huobi Global, once China’s top crypto exchange, has been retooling itself since exiting from the home market following Beijing’s crypto ban. Now the company is nearing a takeover by an investment firm. Huobi Global announced today that its controlling shareholder has completed the transaction to sell its entire stake to About Capital, a Hong Kong-based […]
While the overall crypto markets have been in a rough spot lately, web3 venture capitalists have never had more conviction — or more funding at their disposal — to back startups and teams building in the space. The big question on their minds is whether tokens and startup valuations have bottomed out, or if they […]
