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Dubai's MBS Global Investments to Build $9 Billion Financial Hub in the Maldives: Report
Dubai-based MBS crypto exchange is set to allocate $8.8 billion (roughly Rs. 74,164 crore) over a period of five years to grow the Web3 ecosystem in Maldives. The creation of the "Maldives International Financial Centre" is the focus point of Maldives' crypto-related masterplan, Financial Times claimed in its report.
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Tether Backs Arcanum Capital’s Web3 Fund With $2 Million InvestmentÂ
Tether has poured in $2 million (roughly Rs. 17 crore) into Arcanum Capital’s Emerging Technologies Fund II. Arcanum is a Web3-focussed asset management company that provides funding to emerging projects related to blockchain, cryptocurrency, and other Web3 sectors.
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US Says It Will Limit Size of Government Subsidy on Semiconductor Chips
The US Commerce Department has announced that it will limit the size of government subsidies for semiconductor manufacturing. The Commerce Department said that applicants must supply detailed financial information and projections for proposed projects and capital investment plans.
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Binance Labs Adds $500 Million to Crypto Fund That Will Support Crypto, Web3 Projects
Binance Labs has raised a mega investment of $500 million (roughly Rs. 3,875 crore). Several venture capital firms participated in this investment. These include DST Global Partners, Breyer Capital, and Whampoa Group among others. The money will fund Web3 and crypto startups in their incubation and growth stages.
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Andreessen Horowitz Launches Fresh $4.5 Billion Crypto Fund Despite Market Dip
Andreessen Horowitz is furthering its bet on the crypto world with the launch of a $4.5 billion (roughly Rs. 34,912 crore) fund for blockchain-based projects, and the venture capital firm views the current market slide as an opportunity to expand Web 3.
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Venture Capital Invests Huge Sums in Crypto Projects
Venture Capital’s crypto craze in 2022 has also coincided with a slump in the tech-heavy Nasdaq benchmark, which is down 21 percent.
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Dragonfly Raises Third Crypto Fund of $650 Million to Help Fund Startups at All Stages
Dragonfly Capital announced that it had raised $650 million for its third crypto fund, Dragonfly Ventures III. The fund will focus on all stages of blockchain and crypto companies creating a new digital economy with limited partners, including global investment giants Tiger Global, KKR, and Sequoia China, among others.
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Google to Set Up First Africa Product Development Centre in Nairobi
Google announced that it is investing in its first Africa product development centre in the continent. The centre will be established in Kenyan capital Nairobi, and it will cater to the growing base of Internet users in Africa.
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Bain Capital Ventures Unveils $560 Million Fund for Crypto, Blockchain Projects
Bain Capital Ventures, the venture arm of private equity firm Bain Capital, announced on Tuesday that it has launched a $560 million (roughly Rs. 4,289 crore) fund focused exclusively on cryptocurrency-related efforts.
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Bored Ape Yacht Club Creators Might Be Seeking Investment From Andreessen Horowitz: Report
Yuga Labs, the startup behind popular NFT collection Bored Ape Yacht Club may be in talks with venture capital heavyweight Andreessen Horowitz aka a16z over a funding round, although there's been no official confirmation from either party over a potential deal just yet.
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Urban InVEST Is a Free, Open-Source Software That Can Help Design Sustainable Cities: All the Details
Urban InVEST, a new software developed by Stanford Natural Capital Project, could help city planners and developers visualise the areas where investment in nature — including parks and marshlands — is needed. Urban InVEST aids in designing cities, helping nature and the people by protecting them from calamities such as floods and improving thei...
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Apple Invests $100 Million to Back Entrepreneurs of Colour as Part of Racial Justice Effort
Apple said it was putting $100 million (roughly Rs. 730 crores) into a fresh round of projects aimed at challenging systemic racism, including its first foray into venture capital funding to back entrepreneurs of colour.
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Apple Invests Millions In Major New Projects To Tackle Systemic Racism
Apple Inc on Wednesday said it was putting $60 million into a fresh round of projects aimed at challenging systemic racism, including its first foray into venture capital funding to back entrepreneurs of color.
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Amazon to Launch $2 Billion Venture Capital Fund to Invest in Clean Energy
Amazon will launch a $2 billion internal venture capital fund that will focus on technology investments to reduce the impact of climate change, the Wall Street Journal reported on Tuesday.
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China-Backed Bank Drops $200 Million Loan For Amaravati Project
A proposed loan worth $200 million (approximately Rs 1,300 crore) for Andhra Pradesh's new capital - Amaravati - was today dropped by China-backed Asian Infrastructure Investment Bank
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Dubai's MBS Global Investments to Build $9 Billion Financial Hub in the Maldives: Report
Dubai-based MBS crypto exchange is set to allocate $8.8 billion (roughly Rs. 74,164 crore) over a period of five years to grow the Web3 ecosystem in Maldives. The creation of the "Maldives International Financial Centre" is the focus point of Maldives' crypto-related masterplan, Financial Times claimed in its report.
-
Tether Backs Arcanum Capital’s Web3 Fund With $2 Million InvestmentÂ
Tether has poured in $2 million (roughly Rs. 17 crore) into Arcanum Capital’s Emerging Technologies Fund II. Arcanum is a Web3-focussed asset management company that provides funding to emerging projects related to blockchain, cryptocurrency, and other Web3 sectors.
-
US Says It Will Limit Size of Government Subsidy on Semiconductor Chips
The US Commerce Department has announced that it will limit the size of government subsidies for semiconductor manufacturing. The Commerce Department said that applicants must supply detailed financial information and projections for proposed projects and capital investment plans.
-
Binance Labs Adds $500 Million to Crypto Fund That Will Support Crypto, Web3 Projects
Binance Labs has raised a mega investment of $500 million (roughly Rs. 3,875 crore). Several venture capital firms participated in this investment. These include DST Global Partners, Breyer Capital, and Whampoa Group among others. The money will fund Web3 and crypto startups in their incubation and growth stages.
-
Andreessen Horowitz Launches Fresh $4.5 Billion Crypto Fund Despite Market Dip
Andreessen Horowitz is furthering its bet on the crypto world with the launch of a $4.5 billion (roughly Rs. 34,912 crore) fund for blockchain-based projects, and the venture capital firm views the current market slide as an opportunity to expand Web 3.
-
Venture Capital Invests Huge Sums in Crypto Projects
Venture Capital’s crypto craze in 2022 has also coincided with a slump in the tech-heavy Nasdaq benchmark, which is down 21 percent.
-
Dragonfly Raises Third Crypto Fund of $650 Million to Help Fund Startups at All Stages
Dragonfly Capital announced that it had raised $650 million for its third crypto fund, Dragonfly Ventures III. The fund will focus on all stages of blockchain and crypto companies creating a new digital economy with limited partners, including global investment giants Tiger Global, KKR, and Sequoia China, among others.
-
Google to Set Up First Africa Product Development Centre in Nairobi
Google announced that it is investing in its first Africa product development centre in the continent. The centre will be established in Kenyan capital Nairobi, and it will cater to the growing base of Internet users in Africa.
-
Bain Capital Ventures Unveils $560 Million Fund for Crypto, Blockchain Projects
Bain Capital Ventures, the venture arm of private equity firm Bain Capital, announced on Tuesday that it has launched a $560 million (roughly Rs. 4,289 crore) fund focused exclusively on cryptocurrency-related efforts.
-
Bored Ape Yacht Club Creators Might Be Seeking Investment From Andreessen Horowitz: Report
Yuga Labs, the startup behind popular NFT collection Bored Ape Yacht Club may be in talks with venture capital heavyweight Andreessen Horowitz aka a16z over a funding round, although there's been no official confirmation from either party over a potential deal just yet.
-
Urban InVEST Is a Free, Open-Source Software That Can Help Design Sustainable Cities: All the Details
Urban InVEST, a new software developed by Stanford Natural Capital Project, could help city planners and developers visualise the areas where investment in nature — including parks and marshlands — is needed. Urban InVEST aids in designing cities, helping nature and the people by protecting them from calamities such as floods and improving thei...
-
Apple Invests $100 Million to Back Entrepreneurs of Colour as Part of Racial Justice Effort
Apple said it was putting $100 million (roughly Rs. 730 crores) into a fresh round of projects aimed at challenging systemic racism, including its first foray into venture capital funding to back entrepreneurs of colour.
-
Apple Invests Millions In Major New Projects To Tackle Systemic Racism
Apple Inc on Wednesday said it was putting $60 million into a fresh round of projects aimed at challenging systemic racism, including its first foray into venture capital funding to back entrepreneurs of color.
-
Amazon to Launch $2 Billion Venture Capital Fund to Invest in Clean Energy
Amazon will launch a $2 billion internal venture capital fund that will focus on technology investments to reduce the impact of climate change, the Wall Street Journal reported on Tuesday.
-
China-Backed Bank Drops $200 Million Loan For Amaravati Project
A proposed loan worth $200 million (approximately Rs 1,300 crore) for Andhra Pradesh's new capital - Amaravati - was today dropped by China-backed Asian Infrastructure Investment Bank
