By CCN: Binance CEO Changpeng Zhao — who is still reeling after a $54 million bitcoin hack — is suing Sequoia Capital China, a unit of California-based venture capital firm Sequoia Capital. In his May 20 legal filing with the High Court in Hong Kong, Z…
Sequoia, Baidu, Nasdaq, and Fidelity are amongst some of the largest VCs, technology conglomerates, and financial institutions to make big bets on crypto in the past week. Despite the bear market which has led major cryptocurrencies to lose about 80 to…
Bitmain, the dominant force in bitcoin mining, has reportedly raised $400 million as it gears up to go public later this year. Regional media outlet China Money Network reports that the funding round, which values the China-based firm at $12 billion, w…
The exodus of partners and investors from venture capital firms into cryptocurrency investing has taken a new turn, as Sequoia Capital partner Matt Huang has become the latest finance industry heavyweight to make his exit. Wall Street Journal sources i…
The CEO of Binance, the world’s largest cryptocurrency exchange, believes that initial coin offerings (ICOs) are set to supplant traditional venture capital as the primary method through which early-stage startups finance their growth. Writing in…
Cryptocurrency exchange Binance has fired a shot across the bow in its ongoing legal dispute with US venture capital firm Sequoia Capital. Binance CEO Changpeng Zhao on Monday tweeted that the company, which operates the world’s largest cryptocurrency …
Binance chief Zhao Changpeng, founder of the world’s largest cryptocurrency exchange, has formally denied allegations made by venture capital firm Sequoia Capital about a failed funding deal. As reported yesterday, a subsidiary of Sequoia Capital China…
Venture capital firm Sequoia Capital is suing the founder of Binance, the world’s biggest cryptocurrency exchange, for allegedly violating an exclusivity agreement. Binance founder and chief executive Zhao Changpeng has been sued by Californian venture…