After seven consecutive quarters of growth, the impact of crypto’s recent downturn is beginning to show up in private funding.
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Beleaguered crypto lender Celsius has claimed a $1.2 billion hole in its balance sheet.
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NFT marketplace major OpenSea announced layoffs on Thursday.
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Asiff Hirji, former Coinbase president and COO, will be joining as advisor to the CEO.
The post MoonPay bolsters team with hires from Cisco, Cash App and Coinbase appeared first on The Block.
Bitcoin’s production cost has plunged as analysts improve efficiency, price may follow.
The post JPMorgan analysts say bitcoin’s production cost has dropped to $13,000 — and price could follow appeared first on The Block.
The CFTC has warned users against a new roster of unregistered foreign firms offering trading in forex and crypto options.
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Quick Take
- DeFi protocol treasury valuations across the board have fallen significantly along with the broader crypto markets during the ongoing downturn.
- The reduction in treasury valuations could be attributed to the asset compositions, where native protocol tokens take up a large majority of treasury value and are subjected to volatile price swings.
- Protocol revenues have been compressed due to weaker market sentiment and lowered interest in DeFi, as reflected in the 70% drawdown in total DeFi TVL.
The startup intends to build out “buy now pay later” payment models for non-fungible tokens (NFTs), a growing trend.
The post NFT financing platform Supermojo raises $6 million in seed funding appeared first on The Block.
The company counts Pinkberry, Budweiser, Bleacher Reporter, and Superfly among its clients.
The post NFT membership platform Hang raises $16 million Series A appeared first on The Block.
Bitcoin miner CleanSpark said that it bought 1,061 Whatsminer M30S machines at a “substantially discounted price.”
The post CleanSpark doubles down on discounted bitcoin mining rigs appeared first on The Block.
