Cryptocurrency

Stripe's $1.1bn acquisition of Bridge signals more mainstream acceptance of stablecoins among fintech players, especially those eyeing scale-up opportunities in developing markets.

Bedrock co-led Bridge’s seed round via Bedrock Capital III, a $350m vintage-2021 fund.

Firms with newly raised crypto funds – such as Andreessen Horowitz, Dragonfly Capital, Electric Capital and Haun Ventures – are expected to capitalize on the lower valuations resulting from the crypto winter.

VCs poured more than $4.6bn into NFT companies last year, but will they end up rich or stuck with crypto fool’s gold?

The SEC's take on cryptocurrency is of particular interest to venture capital firms, which have reportedly invested nearly $40 billion in crypto-related companies in the past 10 years.