# Report: TON investor demands 0M compensation from Durov

# Report: TON investor demands $100M compensation from Durov

“# Report: TON investor demands $100M compensation from Durov ” Da Vinci Capital, a major investor in Telegram’s $1.7 billion initial coin offering, has reportedly requested compensation for the failed launch of the Telegram Open Network, or TON. Investors at Da Vinci Capital reportedly sent a letter before claim to Telegram CEO Pavel Durov, stating…

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#Josh Kushner’s Thrive Capital raises B for new investments

#Josh Kushner’s Thrive Capital raises $2B for new investments

“#Josh Kushner’s Thrive Capital raises $2B for new investments” Josh Kushner’s venture capital firm has raised another $2 billion that it plans to invest in a mix of startups and more mature companies. Thrive Capital announced its seventh venture fund Thursday, saying it will put $1.5 billion into late-stage firms and $500 million toward early-stage…

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# Baidu reportedly aims to address chip shortage plaguing gaming, crypto and cars

# Baidu reportedly aims to address chip shortage plaguing gaming, crypto and cars

“# Baidu reportedly aims to address chip shortage plaguing gaming, crypto and cars ” A global chip shortage is affecting various sectors of industry from gaming to automotive and cryptocurrency mining. Amid Bitcoin’s (BTC) ongoing bull run, the crypto mining industry became massively profitable. Many miners started aggressively stacking mining hardware —by sometimes unconventional methods— which led…

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#Reddit doubles valuation to B amid WallStreetBets frenzy

#Reddit doubles valuation to $6B amid WallStreetBets frenzy

“#Reddit doubles valuation to $6B amid WallStreetBets frenzy” Reddit has doubled its valuation to $6 billion as the social network’s role in the recent stock market revolution thrust it into the spotlight. San Francisco-based Reddit said Monday that it raised more than $250 million in additional funding from a group of new and existing investors…

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# LL Cool J and Paul Tudor Jones back M crypto fund

# LL Cool J and Paul Tudor Jones back $72M crypto fund

“# LL Cool J and Paul Tudor Jones back $72M crypto fund ” Several high-profile figures in finance and entertainment are reportedly backing a new venture capital crypto fund from former Digital Currency Group investor Travis Scher, Silver Lake Partners co-founder Glenn Hutchins, and his son James Hutchins. According to a report from Yahoo Finance,…

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