Blockchain Founders Fund’s Post

We are proud to announce the final close of our Fund II, having received overwhelming support from top investors, family offices, and institutions in the industry including Polygon, Ripple, Octava Singapore, NEO Global Capital NGC, AppWorks, BORGET Sebastien COO of The Sandbox, GSR, LD Capital, Metavest Capital. With a total of $75M in commitments and 50 new investments made in the past year, Fund II will empower the next generation of #Web3 innovators by supporting high-potential pre-seed and seed-stage startups in the blockchain space. 🎉🎉 Thank you Cointelegraph for this feature! 🙌 Learn more here 👉  https://lnkd.in/dnPS6z3g #venturecapital #web3 #blockchain #startups #fundclose #web3vc #funding #web3venturecapital

🚨 Top Blockchain News of the Week: 18th August 2024 🚨 1. The #FBI responded to a #FOIA request about #Bitcoin creator Satoshi Nakamoto with a "Glomar response," neither confirming nor denying they have records on him. The response intriguingly refers to #Satoshi as an individual, sparking further speculation about his identity. 2. $600M in bitcoin from the Silk Road case was sent to a #Coinbase wallet, per #Arkham. The U.S. #DOJ had earlier seized these funds, which are part of a broader $2B confiscation. 3. Recent 13F filings reveal increasing hedge fund #investments in #BlackRock’s bitcoin #ETF, with major players like Goldman Sachs and Morgan Stanley showcasing significant positions as of June 30. 4. #Binance has resumed operations in India after successfully registering with the Financial Intelligence Unit (#FIU-IND) following a seven-month block. CEO Richard Teng highlighted this as a key milestone, aligning Binance with Indian #regulations. 5. #Dubai's court endorses #crypto for salary payments, reflecting a progressive approach to #Web3 and #digitalcurrency integration in UAE's employment contracts. This legal shift shows growing acceptance of crypto's financial role. Check here for more information: https://lnkd.in/dYQDnsky

🚨 Top Blockchain News of the Week: 4th July 2024 🚨 1. Despite a 13% drop in #BTC this month, indicators like the 180-day call-put skew remain positive, suggesting a #bullish outlook. This skew measures the demand for call options, which are bets on price increases. 2. U.S. spot bitcoin #ETFs recorded $168.4M in net outflows amid market fluctuations. #Grayscale’s #GBTC led the outflows with $69.12M, while its newest #bitcoin trust saw $21.81M in inflows, reflecting diverse investor responses. 3. #NFT artists are suing the #SEC over vague regulations, arguing that just as traditional artists like Warhol or musicians like Dylan didn't face such scrutiny, digital art shouldn't be treated as #securities. They claim this ambiguity hinders creativity. 4. Centralized #crypto exchanges are losing traction as #DeFi platforms gain a larger share of the market. #DEX volume rose by 34%, from $133.5B in January to $179.5B recently, showing significant growth in preference for decentralized trading solutions. 5. #Elon Musk's #Neuralink successfully conducted a second human trial. The implant, with 400 electrodes, aims to enhance human capabilities, according to #Musk's #podcast revelation. Check here for more information: https://lnkd.in/dYQDnsky

🚨 Top Blockchain News of the Week: 28th July 2024 🚨 1. The U.S. government moved $2B in seized #Bitcoin, causing market concerns. A government-linked wallet transferred 29,800 #BTC, with subsequent #distributions to different addresses, heightening fears of a sell-off impacting Bitcoin's price. 2. Elliot Gunton, a UK #hacker, was sentenced to 3.5 years for hacking over 500 #Coinbase accounts in 2018-2019. He pleaded guilty to fraud and #moneylaundering, stealing over $900,000 from accounts when he was 17 and 18 years old. 3. #Snowden warns that advanced #AI could compromise blockchain privacy, noting that #Bitcoin transactions are traceable through exchanges, exposing sensitive personal details. He fears AI will use this data for deep profiling within a decade. 4. #DonaldTrump, speaking at the #Bitcoin2024 conference in Nashville, pledged to make the US the "#crypto capital of the world" if re-elected, lauding Bitcoin's potential to surpass gold in value and influence, likening it to the early days of the steel industry. 5. Four men were #arrested in Kyiv, Ukraine, accused of kidnapping and murdering a man after forcing him to transfer #Bitcoin worth $170,000—over 500 times the local average salary. Check here for more information: https://lnkd.in/dYQDnsky

Be sure to tune in to learn about Navigating the Startup Landscape in Web3 with our Managing Partner, Aly Madhavji. ⏰ Friday July 26th at 12pm ET 📍Mark it in your calendar & watch on any of these platforms: 1️⃣ LinkedIn: https://lnkd.in/g4cTihmG 2️⃣ YouTube: https://lnkd.in/gphKysen 3️⃣ Facebook: https://lnkd.in/ghfW6n2n A huge thank you to Gary Fowler of GSD Venture Studios for hosting the stream! 👏 #web3 #livestream #podcast #blockchain #founders #fund #venture #startup #learn