Accel closes US $ 3bn across three funds in the US and EMEA

Based in Palo Alto , California , Accel has been operating since 1983 . It ’ s latest $ 3.05bn funding drive breaks down as : $ 650mn for its 15th US early-stage fund ; $ 650mn for its seventh European and Israeli early-stage fund ; and $ 1.75bn for its sixth growth fund .

Binance banned from operating in the UK by FCA

Crypto exchange Binance has been banned by the UK ' s financial regulator , the Financial Conduct Authority ( FCA ). The FCA told the company to stop ' any regulated activity ' in the UK . Binance said the FCA notice would have no " direct impact " on the services it provides from its website .

12 August 2021