Animoca Brands, a developer of blockchain-based videogames that allow gamers to buy and sell NFTs, said it had raised roughly $360 million from investors including Liberty City Ventures, Mirae Asset and Sequoia China, valuing it at $5 billion before the addition of the new capital. The Australian company which has its headquarters in Hong Kong, said it would use the money to fund more...
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Breaking Up SVB Is Hard to Do
With bids for the entity formerly known as Silicon Valley Bank due Friday, potential buyers and regulators are running into an interesting reality: Breaking up—and salvaging—SVB is hard to do. Nearly two weeks after SVB failed, the Federal Deposit Insurance Corp. has yet to find a buyer for the so-called bridge bank that took over SVB’s operations, despite being on the third...
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