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Cowen Digital snags dozens of clients in six months as expansion plans proceed

Cowen Digital snags dozens of clients in six months as expansion plans proceed

Cowen Digital has been onboarding dozens of clients since launching in March.

The post Cowen Digital snags dozens of clients in six months as expansion plans proceed appeared first on The Block.

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Commentary on Marathon Digital Holding’s Q2’22 Earnings

Quick Take

  • Marathon Digital Holdings reported earnings on August 8, 2022 
  • Mined 707 BTC, +8% YoY and (44%) QoQ from 655 BTC and 1,259 BTC respectively 
  • YTD through July 31, 2022 produced 2,038 BTC, a +58% YoY compared to YTD July 31, 2021
  • 10,055 BTC current holdings, reflecting ~$199mm as of this writing 
  • Reported a ($191.6mm) net income compared to ($108.9mm) in Q2’21 
  • Challenging quarter as energy prices increased due to Russia’s invasion of Ukraine and Bitcoin’s price tumbled from November 2021 all-time highs
  • In addition to macro headwinds, Marathon faced downtime, maintenance and regulatory setbacks in Q2’22 

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DeFi investing platform Credix raises $11 million in Series A round

Credix has announced an $11.25 million Series A round to expand in Latin America.

The post DeFi investing platform Credix raises $11 million in Series A round appeared first on The Block.

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21Shares parent company raises $25 million at $2 billion valuation

21.co, the parent company of 21Shares, has raised $25 million at $2 billion valuation, making it “Switzerland’s largest crypto unicorn.”

The post 21Shares parent company raises $25 million at $2 billion valuation appeared first on The Block.

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Ethereum activates Bellatrix upgrade as last step before The Merge

Ethereum developers have activated Bellatrix, a key upgrade that will prepare the Beacon Chain for The Merge. 

The post Ethereum activates Bellatrix upgrade as last step before The Merge appeared first on The Block.

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Harry Styles and Adele’s record label files trademarks for NFT-backed media

Sony Music, whose Columbia Records label represents artists such as Adele, Lil Nas X and Harry Styles, made the filing at the end of August.

The post Harry Styles and Adele’s record label files trademarks for NFT-backed media appeared first on The Block.

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Crypto investment app Bitpanda adds commodities trading

Crypto investment platform Bitpanda has launched the ability for users to trade commodities such as oil, natural gas, aluminum and wheat. 

The post Crypto investment app Bitpanda adds commodities trading appeared first on The Block.

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September Research and Analysis Report

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members of The Block Research.
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Binance to end support for USDC, two other stablecoins in favor of its own BUSD

Binance is moving to prioritize its own stablecoin, BUSD, over several others on its cryptocurrency exchange.

The post Binance to end support for USDC, two other stablecoins in favor of its own BUSD appeared first on The Block.

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Binance to end support for USDC, other stablecoins in favor of its own

Binance is moving to prioritize its own stablecoin, BUSD, over several others on its cryptocurrency exchange.

The post Binance to end support for USDC, other stablecoins in favor of its own appeared first on The Block.

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