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Yuga Labs, the creator of the Bored Ape Yacht Club NFT collection, has reportedly completed the raise of a $450 million funding round.

The post Bored Apes creator Yuga Labs raises $450 million in round led by a16z: report appeared first on The Block.

CNBC reports that the NFL will now allow teams to seek sponsorships with blockchain companies, but wider restrictions regarding cryptocurrencies remain.

The post NFL loosens rules around crypto company sponsorships: report appeared first on The Block.

Quick Take

• StarkWare, an Israel-based company, was founded in 2018 by Eli Ben-Sasson, Uri Kolodny, Michael Riabzev, and Alessandro Chiesa
• StarkNet is a decentralized, permissionless, and censorship-resistant Zero-Knowledge rollup (ZK-Rollup) that utilizes STARK proofs and is verified on Ethereum’s main net layer
• The Block has noticed and mapped 107 projects across 12 verticals within StarkNet’s ecosystem

Web3 infrastructure startup Mysten Labs has unveiled its inaugural product: a Layer 1 blockchain called Sui.

The post Web3 infrastructure startup Mysten Labs unveils its Layer 1 blockchain appeared first on The Block.

Quick Take

• Marathon’s recent results show massive increases in revenue and hashrate over the course of 2021, in line with surging crypto markets. 
• A lucrative incentive scheme meant that former chairman Merrick Okamoto has cashed in on the company’s big year in spectacular fashion. 

New York lawmakers will discuss a bill proposing a moratorium on crypto mining during a committee meeting on Tuesday.

The post New York legislators weigh moratorium on crypto mining, while some look to an executive order from the governor appeared first on The Block.

Expenses management platform Jeeves has raised $180 million in a round led by Chinese investor Tencent as it looks to implement stablecoin transfers.

The post Expenses fintech Jeeves eyes crypto transfers as it raises $180 million appeared first on The Block.

Kraken has appointed Carrie Dolan, who managed Lending Club’s 2014 IPO, as its chief financial officer.

The post Crypto exchange Kraken brings in new CFO to lead ‘next growth phase’ appeared first on The Block.

nvestment app Acorns has added the option for its user to invest up to 5% in btc via their investment accounts.

The post Investment app Acorns catches crypto bug, adds bitcoin exposure appeared first on The Block.

Grayscale has launched a new fund providing exposure to a variety of smart contract ecosystems that have emerged amid the growth of DeFi.

The post Grayscale launches fund holding Ethereum alternatives appeared first on The Block.