Polygon founder raises $50M for emerging markets-focused web3 venture fund

Polygon founder raises $50M for emerging markets-focused web3 venture fund

Ethereum layer-two scaling platform Polygon raised $450 million earlier this year in its first major financing round. Now, the protocol’s cofounder Sandeep Nailwal is launching another project, he told TechCrunch exclusively — this time, in the form of Symbolic Capital, a venture capital fund built by and for web3 founders. Nailwal, alongside Cere cofounder Kenzi […]

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SEC spears ‘Crypto Crusaders’ over alleged pyramid scheme

SEC spears ‘Crypto Crusaders’ over alleged pyramid scheme

U.S. regulators are seizing their moment during this ongoing crypto bear market to crack down on bad actors in the space as many investors are already souring on the asset class. The U.S. Securities and Exchange Commission charged 11 people today in connection with Forsage, a crypto project that raised over $300 million from “millions […]

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Bitcoin’s bid to become the ‘one chain to rule them all’

Bitcoin’s bid to become the ‘one chain to rule them all’

The Bitcoin 2022 conference brought over 25,000 attendees to Miami last month to discuss the future of the world’s largest cryptocurrency. The event, which attendees have described as “extravagant” and compared to a bacchanal, featured a now-notorious keynote speech by Peter Thiel in which the venture capitalist rallied Bitcoin supporters against a list of people […]

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