Crypto lending firm BlockFi said Monday that it is laying off “roughly 20%” of its staff.
The post Crypto lender BlockFi cuts staff by ‘roughly 20%’ appeared first on The Block.
Quick Take
- Known for its hardware wallet Nano Series, Ledger has been expanding its product/service offerings (Ledger Live and Ledger Enterprise Solutions) to satisfy the evolving needs of its customers and embrace the Web3 ecosystem
- In June 2021, Ledger closed a $380 million Series C funding round with an implied valuation of +$1.5 billion – this capital has been used to accelerate Ledger’s hardware (Nano wallets) & software (Ledger Live) developments and strengthen the capacity of Ledger Enterprise Solutions
- In April 2022, Ledger released Ledger Nano S Plus, an upgraded version of the Nano S device that integrates some of the benefits of the Nano X device
Analysts say Celsius’s liquidity woes can be traced to the lending platform’s involvement in staked ether via Lido Finance.
The post Celsius rivals move to distance themselves from its staked ether woes appeared first on The Block.
Bitcoin mining stocks were down by double digits as the markets opened on Monday.
The post Bitcoin mining stock prices open down sharply as US equities slide appeared first on The Block.
Goldman Sachs has begun trading a derivative product linked to the price of ethereum’s native token, ether.
The post Goldman Sachs begins trading derivative product tied to ETH appeared first on The Block.
MicroStrategy opened down 23% on Monday following turmoil in the cryptocurrency markets over the weekend as bitcoin crashed below $25,000.
The post MicroStrategy stock opens 23% lower as crypto markets slide appeared first on The Block.
Molecule has raised $13 million in seed funding in a round led by venture capital firm Northpond Ventures.
The post Decentralized science platform Molecule raises $13 million in seed funding appeared first on The Block.
Bitcoin whales including El Salvador and MicroStrategy are in the red as the market drops.
The post Bitcoin slide leads to unrealized losses for prominent holders appeared first on The Block.
Atmos Labs, which is building a “play-and-earn” metaverse, has raised $11 million in a seed funding round.
The post Alan Howard joins $11 million seed round for metaverse developer Atmos Labs appeared first on The Block.
The Block contacted Binance.US, the American affiliate of global crypto exchange Binance, for comment but had not heard back before press time.
The post Class action filed against Binance.US for sale of luna and USD Coin on platform appeared first on The Block.
