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Mapping out the blockchain unicorns

Mapping out the blockchain unicorns

Quick Take

  • The increasing frequency of later stage rounds has resulted in at least 64 companies in the blockchain/crypto sector reaching unicorn status or a firm with a valuation of $1 billion or more
  • Compared to 2020, the number of blockchain unicorns is up 1,850% YoY, with 39 firms reaching unicorn status so far during 2021
  • The Block Unicorn Index was determined through the public valuations of private rounds, estimated revenue based on comparable exchange volumes, and industry sources

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Crypto group loses bid to buy rare US Constitution copy in ‘record breaking’ Sotheby’s auction

Sotheby’s said Thursday night that a rare copy of the U.S. Constitution was sold for $43.2 million at auction — but unfortunately, the win did not go to a week-in-the-making community that raised tens of millions of dollars for just this purpose.

The post Crypto group loses bid to buy rare US Constitution copy in ‘record breaking’ Sotheby’s auction appeared first on The Block.

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Crypto asset manager plans to raise hundreds of millions to actively invest in NFTs

Crypto asset management firm Osprey will launch a new entity that could invest hundreds of millions in NFTs.

The post Crypto asset manager plans to raise hundreds of millions to actively invest in NFTs appeared first on The Block.

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SEC charges California promoter over allegedly fraudulent bitcoin schemes

Ryan Ginster raised about $3.6 million in bitcoin through his websites MyMicroProfits.com and Social Profimatic, according to the complaint.

The post SEC charges California promoter over allegedly fraudulent bitcoin schemes appeared first on The Block.

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The startup that developed El Salvador’s bitcoin wallets and ATMs is taking the product global

Quick Take

  • Athena Bitcoin confirms more details of its role in El Salvador’s Chivo project.
  • The company is developing a new product based on its offerings in El Salvador that other governments or institutions could use.

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Gemini valued at $7.1 billion in first funding round

Crypto exchange Gemini announced it has sought outside capital for the first time, raising $400 million at a valuation of $7.1 billion. 

The post Gemini valued at $7.1 billion in first funding round appeared first on The Block.

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Social platform Upstream is building a DAO-it-yourself kit

Upstream has created an all-in-one DAO builder, which brings voting and governance together in one place.

The post Social platform Upstream is building a DAO-it-yourself kit appeared first on The Block.

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From Web2 to Web3

This research piece is available to
members of The Block Genesis.
You can continue reading
this Genesis research on The Block.

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Bitso unveils new stablecoin tool for Mexico-US payments

The idea is to give users the option to hold U.S. dollar value in stablecoins and use it as needed to pay for things.

The post Bitso unveils new stablecoin tool for Mexico-US payments appeared first on The Block.

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[SPONSORED] BOSONIC solves counterparty credit and settlement risk for institutional crypto trading

Bosonic believes that Crypto needs a solution that leapfrogs the existing TradFi and CeFi dependencies on central counterparties, big balance sheets, complicated papered legal agreements and promises to pay. 

The post BOSONIC solves counterparty credit and settlement risk for institutional crypto trading appeared first on The Block.

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