The flagship crypto fund of a16z recorded a loss of 40% in the first half of 2022 but the venture capital firm remains bullish on crypto.
Blockchain.com has reportedly concluded a strategic funding round for an undisclosed amount despite the slowdown in crypto investment.
Founders Fund, the VC firm co-founded by Peter Thiel, cashed out nearly $1.8 billion from an 8-year long bitcoin bet. The sale came a month before the crypto market crashed in May last year.