ProShares is set to launch the first short bitcoin-linked exchange traded fund in the US on Tuesday.
The post ProShares launches first US ETF to bet on bitcoin’s decline appeared first on The Block.
Quick Take
- Founded in 2013, Nubank is the largest neobank in Latin America with +50 million users in Brazil, Mexico and Columbia
- After its Series G round in June 2021, Nubank went public in December 2021 – the company raised USD $2.6 billion and was valued at USD $41.5 billion during the time of the IPO
- In 2022, Nubank is focusing on increasing market share in Mexico/Columbia and expanding its product offerings to accelerate growth
- To increase profitability, Nubank should concentrate on increasing the average revenue per active customer (ARPAC) and expanding its credit portfolio to include more lucrative products such as mortgages
The Bancor team noted large centralized entities have recently sold large amounts of Bancor tokens.
The post Bancor DEX pauses impermanent loss protection amid market instability appeared first on The Block.
Metaverse game developer and publisher Bisonic launched the first playable demo of its Forgotten Runiverse on Monday.
The post Forgotten Runes Wizard’s Cult launches ‘create-to-earn’ metaverse demo appeared first on The Block.
According to a statement from the company, the new entity has been valued at $300 million.
The post Metaverse building company LandVault, gaming advertiser Admix announce merger appeared first on The Block.
In this episode of The Scoop, NFT.NYC conference founders Jodee Rich and Cameron Bale discuss details of the upcoming conference, its origins, and analyze the boom and cultural adoption that NFTs have witnessed over the last few years.
The post NFT.NYC organizers talk NFT adoption as conference gets under way appeared first on The Block.
Prosecutors in Korea have blocked Terra developers from leaving the country as investigations into the failed crypto project continue.
The post Korea bars Terra developers from leaving the country: JTBC News appeared first on The Block.
The announcement comes three days after the crypto lender abruptly halted client withdrawals.
The post Crypto lender Babel Finance announces steps to improve its liquidity situation appeared first on The Block.
Crypto exchange Bybit is cutting jobs because “operational efficiency has gotten worse despite our growing size.”
The post Bybit becomes latest crypto exchange to cut staff amid market slide appeared first on The Block.
Iran will cut the power supply to crypto miners from June 22 as it faces increased demands for power.
The post Iran cuts electricity to licensed crypto miners: Bloomberg appeared first on The Block.
