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A new tie-up with payments firm Klarna brings the exchange access to more than 5,000 banks across Europe.

Betting can be used to predict the future. That’s the crazy idea behind prediction markets. Here’s how they work and where cryptocurrency fits into the picture.

BleepingComputer claims to have evidence that the ransomware gang DoppelPaymer is demanding 404 BTC from the car firm.

Local firm Bitcoin Suisse has partnered with the canton of Zug, converting cryptocurrency tax payments into Swiss francs.

Chinese bitcoin miner manufacturer Ebang has raised $70 million in a follow-on public offering (FPO) that closed on Wednesday.

As part of the offering, the Nasdaq-listed company sold 14 million units at $5 per unit. Each unit consists of one class A ordinary share of Ebang and one warrant to purchase one-half of its one class A ordinary share. Each two warrants have an exercise price per class A ordinary share of $5.25.

With fresh capital at hand, Ebang looks to expand its bitcoin miner manufacturing business, launch a bitcoin mining business, and use the funds for general corporate purposes, including working capital needs.

The launch of the bitcoin mining business will help increase Ebang’s revenue, said chairman and CEO Dong Hu. “We believe it will help the company’s transformation from a hardware manufacturer to a blockchain company with comprehensive involvements in its industry chain,” said Hu.

Ebang went public in June 2020 and raised more than $100 million in an initial public offering (IPO) at the time. The company also plans to launch a cryptocurrency exchange later this year, as The Block has reported previously.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Ether’s derivative market looks overheating amid the cryptocurrency’s rally to new record highs.

The sale gives Christie’s a chance to “dip its toes” in crypto, said a New York representative.

Quick Take

• In September 2020, the Crypto exchange Binance launched an Ethereum-compatible blockchain, with its exchange token BNB as the native token
• While Binance Smart Chain has made tradeoffs in that it is far more centralized than networks like Ethereum, it has used the demand for DeFi activity and the high fees environment to its advantage
• Since Binance Smart Chain launched in September, The Block has identified 103 projects and companies across 13 different verticals currently expanding on its ecosystem

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Police seized 1,746 bitcoin mining machines across 21 premises in raids this week.

Async Art, a platform for creating and trading non-fungible tokens (NFTs), has raised over $2 million in seed funding.

The round was led by Lemniscap, with participation from Galaxy Interactive, Signum Growth Capital, Semantic, Placeholder, and others.

With fresh capital at hand, San Francisco-based Async Art looks to expand its team and scale the platform, co-founder Lisa Liang told The Block, without disclosing specific details.

“The NFT space is thriving right now. Digital creators can monetize their works like never before, and investors can diversify into scarce NFT assets,” said Liang.

Async Art helps create programmable art, or digital creations split into “Layers” that allow collectors to become part of the art itself and alter the final work.

“This is compelling because art is most impactful when viewers can see themselves in it, and programmable art allows collectors to connect more deeply,” Liang told The Block.

“Artists are also able to create a brand new medium of art, one that they were not able to before. Artwork that can now change over time, change based on bitcoin’s price change, or by the new owner’s design, are now all possible,” she said. 

Async Art’s first NFT, Robert Alice’s Block 21, was sold by famous auction house Christie’s last October. The NFT fetched a price of over $130,000.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.