TTV Capital Closes Fund VI at $250 Million to Invest in Early-Stage Fintech Companies
TTV Capital, an early-stage fintech venture capital firm, today announced that it has closed its sixth fund at $250 million, the largest since the firm was founded over two decades ago. The fundraise, which originally targeted $150 million, saw overwhelming interest and was oversubscribed by $100 million. Fund VI includes both new and existing limited partners comprising institutional and strategic investors, as well as family offices.
Flagstar Takes Over Signature, Minus Its Crypto Business
Following an unsuccessful first attempt by the FDIC to find a buyer for Signature Bank, the latter placed in receivership by the fiscal authority will be bought out by Flagsta Bank – a subsidiary of New York Community Bancorp, Inc.
Bitcoin Leads Crypto Rally as Central Banks Promise Liquidity to Stem Rising Bank Risk
Bitcoin jumped over the weekend to briefly breach US$28,000 in a bullish trend that extended into Monday morning trading in Asia and helped send most of the top 10 non-stablecoin cryptocurrencies higher. Bitcoin led the gainers amid growing concern about the state of the global banking industry. Several central banks over the weekend said they would coordinate an effort to pump cash into markets to ensure liquidity. This after Swiss authorities orchestrated an emergency weekend takeover of global investment bank Credit Suisse by UBS, which in turn followed a series of bank failures in the U.S. this month.
$2.5 Billion Stolen From US Victims via Crypto Investment Scams in 2022: FBI Report
Despite the predominantly bearish year for the cryptocurrency industry, 2022 was fruitful for criminals. They stole nearly $2.6 billion from American consumers using investment schemes related to bitcoin and other digital assets. In contrast, such fraud resulted in “just” $907 million in 2021.
Chair of EU Parliament’s Committee on Budgets Calls for Crypto Ban Amid Banking Turmoil
Member of the European Parliament, Johan Van Overtveldt, has insisted that governments should prohibit cryptocurrencies like bitcoin. His call comes amid a crisis sparked by the failure of several banking institutions, including two crypto-friendly banks in the U.S.
Microsoft Crypto Wallet Feature In Upcoming Edge Browser Update
Microsoft is reportedly working on integrating crypto market enthusiasts into its fold with an upcoming product. The tech giant is said to be working on a non-custodial crypto wallet for its Microsoft Edge browser. It will be a built-in Ethereum wallet, according to some leaked screenshots of user interface from the upcoming product. More interestingly, the crypto wallet will be accessible on the browser without the need for downloading an extension.
Crypto Flourishes in Vietnam With 16.6 Million Holders
The “Vietnam Crypto Market Report 2022” revealed that 16.6 million Vietnamese own digital currencies, with bitcoin being the most popular asset.
Major South Korean Crypto Exchange to Support Latest Airdrop for $XRP Holders
In a recently published announcement, Upbit detailed that the airdrop is scheduled to take place on March 24, and that a total of 50 million tokens are to be distributed equally between SOLO and XRP holders. To participate in the airdrop, holders must have tokens in their exchange balance at the time the snapshot is taken.
Indian Central Bank Chief: US Banking Crisis Clearly Shows Risks Crypto Poses to the Financial System
The governor of India’s central bank, the Reserve Bank of India (RBI), says the “ongoing U.S. banking crisis” clearly demonstrates the risks cryptocurrency poses to the financial system. The central bank chief added that the “Indian economy remains resilient,” emphasizing that the “worst of inflation is behind us.”
‘If a Government Bans Drugs, It Should Also Ban Crypto’, Says Belgium’s Former Finance Minister
Johan Van Overtveldt, a member of the European Parliament and the former Minister of Finance of Belgium, has called for a “strict ban” on crypto as a result of the current banking crisis.
