India freezes digital assets WazirX, linked with Binance The developers of Shiba Inu have announced a new mobile game Binance received a subpoena over Elon Musk's refusal to buy Twitter The New York authorities fined the crypto platform Robinhood for $30 million North Korean hackers forge CVs to join U.S. crypto companies A new unknown investor bought bitcoins for $3 billion Binance employee claims loss of 90% of customers and billion dollars in revenue MetaMask users face a phishing attack Unknown hacked almost 8 thousands crypto wallets on Solana

Reddit co-founder raises $500 million in two new crypto funds

Reddit co-founder raises $500 million in two new crypto funds

Along with the launched fund partnering with the Polygon project, the total amount of funds exceeded $750 million. 

As Alexis Ohanian notes, he feels satisfied with the good result of his venture company Seven Seven Six. At the same time, he expected to raise $776 million in the first year of the company's existence, but not now. 

The company's CEO noted that his team has invested in 24 unicorns, the companies that quickly reached a $1 billion capitalization, and another 11 decacorns with capitalization rising above $10 billion. Among the most famous startups in the company's portfolio are Sky Mavis Studio (developer of the Axie Infinity GameFi game), DroneSeed, EarlyBird, and FourthWall.   

It should be noted that investors have been actively investing in crypto projects over the last year. Therefore, venture capital funds in this industry are reporting gigantic fees. For example, Crypto exchange FTX launches $2 bln venture fund. However, many government regulators are opposed, urging investors to be careful when choosing funds and projects. So In 2022, The North American Securities Administrators Association (NASAA) noted that crypto assets are a major threat because of the high level of fraud and lack of regulation.

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