New Bitcoin-Focused VC Firm Ego Death Capital Raising $30M

Capital for the fund came from its trio of partners, high net worth individuals, family offices and institutional investors, said Lechuga. Once all of the capital is raised, the fund plans to invest in 12 to 15 companies with an average check size of $1 million to $1.5 million. Half of the fund capital will go toward follow-on investments in the original batch of portfolio companies, according to Lechuga. Original

Voyager Digital won’t sue its executives for incompetence, will claim insurance on them

Voyager Digital has preferred not sue its top executives for incompetence, in spite of their role in approving a huge loan to Three Arrows Capital (3AC) without adequate due diligence. That loan was a key element leading to Voyager Digital’s bankruptcy. Court papers filed Oct. 17 show that a Voyager Digital internal special committee has proposed that CEO Stephen Ehrlich and chief commercial officer (formerly chief financial officer) Evan Psaropolous keep their jobs and not be sued. The court filing describes the due diligence process for the 3AC loan: “On…

Indian Commerce Giant Flipkart Will Allow Customers to Purchase Items in the Metaverse – Metaverse Bitcoin News

Flipkart, the Walmart-backed Indian e-commerce giant, has launched a pilot to allow its customers to experience making purchases in a metaverse environment. The company announced the launch of its own metaverse, called Flipverse, in which several brands will be able to offer their own shopping experiences. Flipkart to Launch Flipverse: A Metaverse of Purchases Flipkart, one of the biggest India-based e-commerce companies, has announced it will pilot its own metaverse purchasing experience. Called Flipverse, this metaverse will allow customers to experience purchasing as if they were physically present in a…

Profitabilitas Mining Pasca ETH POS H+2 dan ETHW Mining

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Silvergate Capital’s crypto-to-fiat transfers decrease by $50B compared to Q3 2021

On Oct. 18, Silvergate Capital, a crypto-fiat gateway network designed for financial institutions, announced its financial results for Q3 2022. The bank, known for services such as processing consumer fiat deposits to cryptocurrency exchanges, saw thetransfer volume on the Silvergate Exchange Network plummet close to $50 billion compared to Q3 2021. Silvergate handled $112.6 billion of such transfers in Q3 2022.  It appears that investors were less than satisfied with the results. Silvergate’s share price, as listed on the U.S. NASDAQ exchange, fell by close to 22% at the time…