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CoW Protocol raises $23 million and spins out from Gnosis DAO

CoW Protocol raises $23 million and spins out from Gnosis DAO

CoW protocol, which underlines the decentralized exchange CowSwap, has raised $23 million via a token round.

The post CoW Protocol raises $23 million and spins out from Gnosis DAO appeared first on The Block.

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Brazil’s Hashdex hires Europe director to lead expansion

The Brazil-based crypto asset manager has hired Laurent Kssis as its new managing director and head of Europe.

The post Brazil’s Hashdex hires Europe director to lead expansion appeared first on The Block.

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We didn’t believe in crypto when we funded Coinbase, Y Combinator’s crypto lead admits

Quick Take

  • In an exclusive interview with The Block, Harj Taggar, fintech and crypto lead at Y Combinator, reveals YC didn’t believe in crypto when Coinbase took part in its summer 2012 program. 
  • Despite its early reticence toward crypto, the startup accelerator has backed huge players like OpenSea and Coinbase and now boasts a record 27 web3 startups in its winter 2022 cohort.

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World’s largest interdealer broker expands custody with BitGo and Komainu partnership

TP ICAP facilitates trades between hedge funds, investment banks and large financial institutions.

The post World’s largest interdealer broker expands custody with BitGo and Komainu partnership appeared first on The Block.

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A professional art appraiser explains why valuing an NFT is ‘totally different’ than judging a painting

The Block spoke with Caroline Taylor, one of a nascent crop of appraisers looking at the NFT space.

The post A professional art appraiser explains why valuing an NFT is ‘totally different’ than judging a painting appeared first on The Block.

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Bitcoin miner Iris Energy secures $71 million in equipment financing

Mining firm Iris Energy secured $71 million in funding for new equipment.

The post Bitcoin miner Iris Energy secures $71 million in equipment financing appeared first on The Block.

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Treasury wants more reporting to the IRS on offshore crypto accounts

The Treasury’s proposal would extend to digital assets a longstanding rule requiring US persons to report foreign financial accounts worth more than $50,000. 

The post Treasury wants more reporting to the IRS on offshore crypto accounts appeared first on The Block.

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NFT marketplace Blur raises $11 million in seed round led by Paradigm

Blur, a non-fungible token (NFT) marketplace geared toward professional traders, said Monday that it has raised $11 million in new seed funding.

The post NFT marketplace Blur raises $11 million in seed round led by Paradigm appeared first on The Block.

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NFT Finance Part 3: How Genesis and Nexo are exploring NFT-backed loans

Quick Take

  • The market for NFT-collateralized loans is growing at a rapid clip, as The Block covered in Part 1 of this series.
  • In this piece, we’re going to look at how Genesis and Nexo are testing the waters.

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First Avalanche summit builds a DeFi kingdom among Barcelona’s architectural oddities

Avalanche has attracted an impressive critical mass for a protocol that shipped less than two years ago.

The post First Avalanche summit builds a DeFi kingdom among Barcelona’s architectural oddities appeared first on The Block.

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