NEW YORK : Alpha Sigma Capital, a U.S.-based digital asset fund, and Transform Ventures, a venture capital firm, will raise $100 million for two new funds focused on the blockchain and so-called decentralized Web 3.0 ventures, Alpha Sigma founder and Chief Executive Officer Enzo Villani said on Wednesday.
Transform Ventures, founded by crypto investor Michael Terpin, also merged some of its assets with Alpha Sigma's parent to form a new holding company called Alpha Transform Holdings. The latter will oversee the two new funds.
The new Alpha Liquid digital assets fund was launched early this month, with an initial investment by Terpin, who made a personal investment in cash, bitcoin and ethereum of $2.65 million, with an option to invest an additional $2.9 million. These new funds have emerged as the cryptocurrency industry faces more intense scrutiny after the high-profile bankruptcy of crypto exchange FTX in November and the collapse of several other market players such as lender Celsius Network.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'I treasure her more after watching it': Alex Fong on new girlfriend who revealed sexual assault by South Korean cult leader in Netflix documentaryWhen a celebrity is rumoured to be dating someone new, netizens often go into a frenzy trying to find out more about their new love interest. When it came to Hong Kong actor-singer and former national swimmer Alex Fong, internet sleuths believed that his new girlfriend, an artist named Maple Yip, is a cult victim who appeared on the new...
Read more »
US Justice Dept opposes Google bid to move advertising antitrust case to New YorkThe US Justice Department is fighting to keep its digital advertising lawsuit against Google in Virginia federal district court, warning of potential prolonged litigation if the Alphabet unit wins its effort to transfer the government's new case to New York. In a court filing on Friday, the Justice Departm
Read more »
British firefighters accept new pay deal, averting strikesLONDON: British firefighters have voted to accept an improved pay offer from fire service employers, their trade union said on Monday (Mar 6), averting the possibility of more disruptive strike action in a critical public service. Unions representing workers across a range of sectors have been pushing for
Read more »
Police launch probe after 1 killed, 9 injured in New York concert stampedeThere were accounts that shots were fired, but probers say there’s no evidence of that. Read more at straitstimes.com.
Read more »
Push to give Biden new powers to ban TikTok moves ahead in CongressWASHINGTON : Two U.S. senators said on Monday their efforts to tackle foreign technology threats were advancing and they will on Tuesday unveil legislation aimed at granting President Joe Biden's administration new powers to ban Chinese-owned video app TikTok and other apps that could pose security risks.
Read more »
New EU-US data pact may come too late for Facebook -regulatorDUBLIN : A new pact to facilitate the safe transfer of EU citizens' personal data to the United States might not come into force in time to avoid a suspension of Facebook's transatlantic data flows, the U.S. firm's lead European regulator said on Tuesday.Facebook owner Meta, which has warned a stoppage co
Read more »