Sequoia Capital plans to move deeper into cryptocurrency markets and has earmarked at least $500mn for investments in cryptocurrency assets, and a global financial regulator says that policymakers must act quickly to craft rules for digital asset markets. Plus, the FT’s Moscow correspondent, Polina Ivanova, reports that Siberia has become home to a cottage industry of DIY cryptomining fuelled by cheap electricity.
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Mentioned in this podcast:
Sequoia earmarks $500mn for push into cryptocurrency markets
Global financial watchdog calls for ‘urgent’ action to contain crypto risks
In Siberia, a crypto boom made of ingenuity, defiance and DIY
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