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Konvoy Ventures launches $150 million fund targeting web3 gaming

Konvoy Ventures launches $150 million fund targeting web3 gaming

Konvoy Ventures has announced the launch of a new $150 million fund. 

The post Konvoy Ventures launches $150 million fund targeting web3 gaming appeared first on The Block.

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Web3 gaming firm Planetarium Labs raises $32 million in Series A funding

Planetarium Labs, a Singapore-based web3 gaming technology firm, raised $32 million in Series A funding led by Animoca Brands.

The post Web3 gaming firm Planetarium Labs raises $32 million in Series A funding appeared first on The Block.

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Crema Finance hacker returns $7.6 million worth of stolen crypto

The Crema Finance hacker has returned the majority of the $9 million they stole last weekend.

The post Crema Finance hacker returns $7.6 million worth of stolen crypto appeared first on The Block.

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Bitstamp scraps planned inactivity fee over customer concerns

Bitstamp has decided not to move forward with a planned inactivity fee for certain customers.

The post Bitstamp scraps planned inactivity fee over customer concerns appeared first on The Block.

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Bitcoin mining stock report: Wednesday, July 6

Here’s how crypto mining companies performed on Wednesday, July 6.

The post Bitcoin mining stock report: Wednesday, July 6 appeared first on The Block.

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Block Company Intelligence

Quick Take

  • Founded in 2009 as Square, Block was initially a Point-of-Sale (PoS) payment processing business for small and medium sized businesses
  • Currently trades $63.90 per share at a ~$38.6bn EV and ~$38.9bn Fully Diluted Market Capitalization after its Nov-15 IPO at a $2.9bn valuation
  • The company has supported various initiatives to move towards a more Crypto related business through various technological integrations and development of Pro-Bitcoin software in a variety of their products

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53 Key crypto hires, exits and moves: June 2022

Quick Take

  • The Block tracked 53 key hires, exits, and board positions during March. 
  • Here’s who’s moving where.

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LimeWire teams up with Brandy, Travis Barker, Nicky Jam and others to launch NFTs

LimeWire has already partnered with more than 100 artists, a company spokesperson told The Block.

The post LimeWire teams up with Brandy, Travis Barker, Nicky Jam and others to launch NFTs appeared first on The Block.

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Miner Hut 8 expanded its bitcoin holdings with June production

Bitcoin miner Hut 8 held on to all 328 bitcoin mined last month. As of June 30, it owned 7,406 BTC.

The post Miner Hut 8 expanded its bitcoin holdings with June production appeared first on The Block.

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Despite Voyager’s claims, its bank says FDIC insurance will not protect customer USD deposits from firm’s bankruptcy

The outlook for customer funds is grim, particularly given what seems to be misrepresentation of the insurance backing their USD holdings.

The post Despite Voyager’s claims, its bank says FDIC insurance will not protect customer USD deposits from firm’s bankruptcy appeared first on The Block.

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