Polychain Capital, Square Crypto’s Steve Lee Invest in Bitcoin Broker’s $5.7M Seed Round

Bitcoin broker River Financial has closed a $5.7 million seed round to secure additional U.S. money transmitter licenses.

Crypto Long & Short: Innovation Cycles, Crypto Venture Funds and Institutional Investors

With so much attention on institutional involvement in crypto asset markets, we overlook they are already here through VC investments – less fast-paced, perhaps, but important to keep an eye on for what they reveal about cycles.

Pantera Capital Crypto Hedge Funds Are Losing Double Digits, but Bitcoin Fund Is Up 10,000% to Date

Pantera Capital internal documents show the investment firm's bitcoin fund vastly outperforming its more exotic crypto-asset funds.

Ashton Kutcher and Michelle Phan Invest in Lolli’s $3M Seed Round

Lolli, the bitcoin rewards shopping app, attracted celebrity investors in a $3 million round led by the early-stage arm of Peter Thiel’s Founders Fund.

As Pandemic Decimates Startups, Privacy Industry Holds Strong

As remote work becomes the norm, privacy-focused startups see COVID-19 as an opportunity to expand.

Dragonfly Capital Managing Partner Alexander Pack Steps Down

Alexander Pack, managing partner of Dragonfly Capital, has stepped down from the crypto investment firm, according to a letter obtained by CoinDesk.

Swiss Crypto Firm Closes $14.5M Series B to Help Secure Brokerage License

Crypto Finance AG's $14.5 million funding round will go toward international expansion and courting institutional investors.

Chinese DeFi Platform dForce Raises $1.5M From Multicoin, Huobi Capital

One of China’s largest DeFi platforms has raised $1.5 million from Multicoin Capital, Huobi Capital and CMB International to expand its product lineup.

VC Firm Andreessen Horowitz Targets $450M for Second Crypto Fund: Report

Sources told the Financial Times that Andreessen Horowitz (a16z) is raising another crypto fund, reportedly targeted at $450 million.