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Options exchange Deribit has launched a new index product focused on bitcoin volatility. Unveiled Wednesday, the Bitcoin Volatility Index, or DVOL, was debuted “with the purpose to launch futures on this index soon.” Put simply, such futures would allow traders to place bets on the volatility performance of the bitcoin market.  “This index uses the […]

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Goldman Sachs reportedly aims to offer bitcoin and other crypto investment vehicles to private wealth management clients in the second quarter. CNBC reported the news on Wednesday, citing Golman’s Mary Rich, who was recently named global head of digital assets for the bank’s private wealth management division. “There’s a contingent of clients who are looking […]

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Crypto prime broker OVEX has raised $4 million from Alameda Research in a strategic funding round.

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Quick Take

• This research piece collects current proposals and discussions from various crypto projects and their communities
• Crypto protocols are governed by a community of token holders. Tokens can be delegated or used to vote directly, and any governance structure can be implemented
• The first layer of voting is typically informal to gauge interest, and then proposals are moved to token holder voting (or execution via multi-signature signers)

CoinShares, Europe’s largest crypto asset manager, doubled its profits in the fourth quarter of 2020 after surging crypto markets drove significant growth in its assets under management.

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Non-custodial crypto investing app provider Ember Fund has raised $5.3 million in a seed funding round.

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imToken said the round was by Qiming Venture Partners, which invested in notable Chinese tech firm like Xiaomi, Meitu and Megvii.

The post Crypto wallet startup imToken raises $30 million in Series B round appeared first on The Block.

The comment window for the Financial Crimes Enforcement Network’s so-called self-hosted wallet regulations closed on Monday night

The post What comes next for the US Treasury Department’s plans to monitor crypto wallets? appeared first on The Block.

Quick Take

• The spot price premium of bitcoin mining hardware over their preorder prices has likely never been this steep
• While bitcoin miners’ five-fold premium is in line with bitcoin’s price rally since November, a global chip shortage adds to the ongoing supply and demand imbalance

The round was led by VC firms Velvet Sea Ventures and 1confirmation, with investments from Version1, Collaborative Fund, Mark Cuban and more. 

The post NFT marketplace SuperRare raises $9 million in Series A funding round appeared first on The Block.