In response to a considerable shift in the startup ecosystem, Sequoia Capital, a renowned venture firm, has significantly scaled back its cryptocurrency fund. According to individuals familiar with the matter, the fund has been cut from $585 million to a leaner $200 million, as reported by the Wall Street Journal (WSJ.) This substantial reduction is The post Sequoia Capital scales back crypto fund by $350M amid industry challenges – reports appeared first on CryptoSlate.

Cryptocurrency asset manager Grayscale Investments has sent a letter to the U.S. Securities and Exchange Commission (SEC) arguing that new spot Bitcoin ETF filings such as Blackrock’s, based on prior rulings, should not be approved according to precedent. The letter argues that the regulator must approve any spot bitcoin exchange-traded products (ETPs) in a consistent The post Grayscale challenges SEC on Blackrock filing to ensure fair approval of Bitcoin ETPs appeared first on CryptoSlate.

In the face of a global decline in NFTs interest, Flow (FLOW) blockchain intriguingly showcases growth and resilience, navigating the wave of Q2 2023 with a blend of remarkable achievements and challenges. Data from DefiLlama shows that NFT volume has fallen to two-year lows, with OpenSea, remarked in purple, affected the most. Blur, shown in The post Flow blockchain resilience amid global NFT decline in Q2 2023 appeared first on CryptoSlate.

Generative Artificial Intelligence (AI) continues to make waves in the enterprise market with ABI Research, a global technology intelligence firm, predicting it to pump over $450 billion into the enterprise sector across twelve different verticals in the next seven years. Generative AI has expanded rapidly in the business-to-consumer (B2C) market with applications like ChatGPT, Bard, The post Generative AI set to infuse $450B into enterprise sector – reports appeared first on CryptoSlate.

The vision for a future where crypto payments are instant, accessible, and global has ignited a spirited debate among industry leaders on the path toward achieving this goal. As reported by Brian Armstrong, CEO of Coinbase, the crypto industry, including Coinbase, focuses on integrating layer 2 solutions, better on-ramps, and simpler user experiences to bring The post Bitcoin, Solana community calls out Coinbase CEO on crypto payment vision appeared first on CryptoSlate.