If the fund raises more than $750 million, it would be the largest since the crypto market crash of May 2022.
Go to Source Author: Tracy Stephens
Most capital went into infrastructure and decentralized finance (DeFi) projects, data by RootData shows.
Goldman Sachs, nowadays one of the few Wall Street banks to do so, isn’t backing away from its negative stance against crypto, as it doesn’t see the value of the asset itself.
The VC is looking to raise between $750 million and $850 million, Bloomberg reported citing source familiar.
High-profile defections, and ongoing criticism from the community, paints a picture of a much-hyped scaling project running out of steam. But bitcoiners have always been critical of the leading scaling solution.
Agora intends to launch a USD-pegged stablecoin backed by cash and U.S. Treasury bills, focusing on non-US customers.
The nation unveiled a mandatory registration process for cryptocurrency platforms.
The SEC’s Hester Peirce called SAB 121 a “pernicious weed,” criticizing her agency’s closed-door approach to regulating the crypto industry.
Bitcoin seized by the DOJ in connection with Silk Road may be about to move to a Coinbase Wallet after a test transaction was detected.
