‘Largest Botnet Ever’ Tied to Billions in Stolen Covid-19 Relief Funds In a shocking revelation, cybersecurity experts have discovered that the “largest botnet ever” has been responsible for stealing billions of dollars from Covid-19 relief funds across the globe. This massive network of hijacked computers has become an alarming threat to both individuals and governments,… Continue reading ‘Largest Botnet Ever’ Tied to Billions in Stolen Covid-19 Relief Funds
Category: funds
Never express your ‘use of funds’ slide as percentages
When presenting a financial plan to potential investors, one of the most important slides is the ‘use of funds’ slide, which outlines how the funds raised will be spent. It’s common to see the use of funds slides expressed as percentages, but this can be a mistake. For one, percentages can be deceiving. The use… Continue reading Never express your ‘use of funds’ slide as percentages
Former FTX CEO Sam Bankman-Fried’s bail revoked ahead of October trial
The former CEO of the cryptocurrency derivatives platform FTX, Sam Bankman-Fried, is facing trial this October and will not be able to get out on bail. It is a significant development in the case as the high-profile crypto executive is accused of operating a fraudulent scheme to defraud investors of more than $27 million. The… Continue reading Former FTX CEO Sam Bankman-Fried’s bail revoked ahead of October trial
Sequoia Capital cuts crypto, ecosystem funds by over 50% as it continues to downsize
As more cryptocurrencies come to market, venture capital firms remain wary of the volatile asset class. One of the biggest players in the crypto space, Sequoia Capital, is taking this seriously, and is reportedly cutting its crypto and blockchain ecosystem funds by more than half. The move appears to be part of a larger effort… Continue reading Sequoia Capital cuts crypto, ecosystem funds by over 50% as it continues to downsize
a16z will ‘continue to tailor’ its multibillion-dollar crypto funds to market opportunities, GP says
On June 1, a16z, one of the leading venture capital firms in the crypto space, announced the launch of its third late-stage crypto fund. And Ginny Rometty, the general partner (GP) of a16z, has revealed that the multibillion-dollar fund will be tailored to the current market opportunities in the crypto space. Around five years ago,… Continue reading a16z will ‘continue to tailor’ its multibillion-dollar crypto funds to market opportunities, GP says
slowing market
In today’s challenging economic conditions, venture capital (VC) investing is facing greater challenges than ever before. But despite the slowdown in the venture capital market, one firm is still managing to close massive funding rounds. Canaan recently announced the close of $850 million across two new funds. This brings Canaan’s total capital under management to… Continue reading slowing market
The lowdown for European startups looking to raise money in 2023
With 2021 already here, many European startups have been looking ahead to the future. In particular, many are asking what does 2023 hold for them when it comes to raising money for their startup? As the years pass, the list of investors grows, and the fundraising landscape evolves. This means that startups need to ensure… Continue reading The lowdown for European startups looking to raise money in 2023
Daily Crunch
The popular crypto exchange Binance has recently been forced to suspend all spot trading, deposits, and withdrawals as a result of a major bug in their system. The platform freeze, which lasted for around an hour, occurred on Mon May 11 at 4:30 UTC. Binance quickly identified the source of the issue and recommenced operations… Continue reading Daily Crunch
Feds seized $2.7 million of Chinese billionaire’s money from Trump-aligned social network
The Federal Government of the United States recently seized a shocking $2.7 million of a Chinese billionaire’s funds that were linked to a Trump-aligned social network. The Attorney General announced that this money was seized from “GTV Media Group”, a company owned by Chinese billionaire Guo Wengui. GTV Media Group was founded in 2017 and… Continue reading Feds seized $2.7 million of Chinese billionaire’s money from Trump-aligned social network
Whoops! Crypto company Gemini is having some trouble with fraud
In recent news, popular crypto company Gemini has been the victim of some fraud. On March 9th, Gemini announced that an unauthorized party had accessed some of its customer accounts and transferred funds to unknown external wallets. Fortunately, Gemini reported that only a small portion of their customers were affected and all customer funds are… Continue reading Whoops! Crypto company Gemini is having some trouble with fraud