US-based VC firms Thrive and Founders Fund participated in the round.
The post NFT indexing company Center raises $11 million seed round appeared first on The Block.
The average price target for COIN among sell-side analysts has declined to $108 from an all-time high of $435.
The post Wall Street analysts sour on Coinbase stock appeared first on The Block.
In statements today, leaders of the House Financial Services Committee concede that they are “not there yet” when it comes to stablecoin legislation.
The post Fate of stablecoin bill in doubt as House Financial Services Committee misses key deadline appeared first on The Block.
Here’s how crypto mining companies performed on Wednesday, July 27.
The post Bitcoin mining stock report: Wednesday, July 27 appeared first on The Block.
Meta lost $2.8 billion on its metaverse division in the second quarter of the year.
The post Meta’s metaverse division lost $2.8 billion in Q2 2022 appeared first on The Block.
“Meta would be one step closer to its ultimate goal of owning the entire ‘Metaverse,'” the FTC’s complaint says.
The post US antitrust watchdog sues to stop Facebook from monopolizing the metaverse appeared first on The Block.
Federal Reserve increased interest rates by 75 basis points, taking rates to neutral.
The post Bitcoin fluctuates as Federal Reserve raises key interest rate by 75 basis points appeared first on The Block.
Quick Take
- Centralized exchanges and special forms have developed numerous gateways for their users to access
- Nearly all major exchanges offer some form of liquidity mining or staking rewards
- Specialist firms have experienced trouble due to DeFi and lending strategies facing heavy losses. In particular, BlockFi and Celsius are both restructuring to remain solvent.
Harmony’s core team has proposed a hard fork to mint billions of new harmony (ONE) tokens. But its community seems to be against the idea.
The post Harmony proposes minting billions of ONE tokens to pay back hack victims appeared first on The Block.
Long-time employee W. Sean Ford has been promoted to interim CEO, following the departure of Steven Kokinos.
The post Algorand names COO W. Sean Ford as new interim CEO appeared first on The Block.
