CoinFund announced Tuesday the launch of its third venture fund.
The post CoinFund launches $83 million venture fund, mandate includes DeFi, NFTs appeared first on The Block.
As a result of this new funding round, the non-fungible token digital marketplace has now reached unicorn status.
The post OpenSea secures $100 million in Series B round at $1.5 billion valuation appeared first on The Block.
Quick Take
- Ethereum miners have been reordering transactions within blocks to extract value for themselves.
- But now, there’s discussion around how they could start reordering blocks, too.
- Here’s how this would work and what impact it might have.
British asset manager Ruffer has outlined how the excesses of the crypto bull market – including Tom Brady’s laser eyes – triggered the sale its exposure to bitcoin in April.
The post After pocketing £1 billion off bitcoin, Ruffer describes it as a ‘risky, speculative asset’ appeared first on The Block.
Popular crypto trading and lending platform BlockFi has been ordered by the New Jersey Bureau of Securities to suspend accepting new interest account users in the Garden State. In a Twitter thread on Monday night Eastern time, BlockFi’s CEO and founder Zac Prince said the firm remains operational for its existing clients in New Jersey […]
The post BlockFi ordered to stop opening new interest accounts in New Jersey appeared first on The Block.
The heavy hitters of U.S. federal financial regulation met today to hash out stablecoins.
The post Yellen pushes US regulators to ‘act quickly’ on stablecoins during working group meeting appeared first on The Block.
Quick Take
- Nearly $1 out of every $5 of venture funding globally went into Fintech in 2Q 2021; interestingly, nearly 20% of all Fintech funding (~$6.2B) came from Crypto & Blockchain industry segments, a significant increase in the average share of fintech funding from 2019-2020 of just ~6.5%
- In 1H’21 more than $5 billion was raised through public capital markets activity, largely driven by PIPEs and new debt capital markets issuances
- Coinbase is currently trading at 8.5x the current street consensus 2021 revenue estimate of $6.1B. That’s a meaningful discount to the 14x FY’21 revenue multiples the company commanded the first week of trading, and significantly discounted relative to other pure-play public companies like Silvergate Capital (~17x FY’21 Rev)
A trio of U.S. senators said Monday that American participants in Beijing Winter Olympics, set for 2022, shouldn’t use China’s digital yuan, which will potentially play a role during that event.
The post Senators call for American athletes to be barred from using digital yuan during Beijing Winter Olympics appeared first on The Block.
Jack Dorsey, Elon Musk and Cathie Wood set for live talk during bitcoin conference this week.
The post Jack Dorsey, Elon Musk and Cathie Wood set for live talk during bitcoin conference this week appeared first on The Block.
Quick Take
- LabCFTC is the innovation wing of the U.S. Commodity Futures Trading Commission. Alongside the rest of the commission, it recently saw a change in management.
- Highly crypto-informed, the new acting director of LabCFTC sat down with The Block to talk about how the Commodities Exchange Act interacts with CeFi and DeFi exchanges alike.
