Category: Companies

New funding round will value NFT startup Dapper Labs at more than $7.5 billion: report

Dapper Labs, the NFT development platform behind NBA Top Shot, is raising money at a $7.5 billion valuation in a round led by Coatue Management, according to the tech news publication The Information.  The three-year-old Dapper Labs had just completed a $305 million funding round on March 30, which valued Dapper at $2.6 billion. That […]

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Bitmain is set to launch new Ethereum ASIC miner

Beijing-based crypto mining hardware manufacturer Bitmain is launching a new mining model on the Ethereum network. The firm announced on Friday that its AntMiner E9 is coming soon, which will be an application specific integrated circuit (ASIC) miner that runs on the Ethash algorithm.  This move comes amid surging mining revenues on Ethereum, which has already […]

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Coinbase nabs a top 10 slot in Apple’s US App Store for the first time since January

Coinbase became the ninth most downloaded app on the Apple App Store for the United States as of Thursday. Coinbase’s app broke into the top 10 list one day after the company went public on Nasdaq via a direct listing. The crypto exchange closed Thursday’s trading session at a share price of $322.75 after opening […]

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Cathie Wood’s Ark funds bought $246 million worth-of Coinbase stocks on listing debut

Three funds under Cathie Wood’s Ark Investment Management have bought a total of $246 million worth-of Coinbase shares during the crypto exchange’s Wednesday listing debut. According to Bloomberg and Fortune reports, the three funds, Ark Innovation ETF, Ark Fintect Innovation ETF and Ark Next Generation Internet ETF, bought 749,205 shares in total, which are worth […]

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Coinbase’s first day on Nasdaq ends with an $85.7 billion valuation

Crypto exchange Coinbase has reached the end of its first day of public trading. The firm’s stock closed out Wednesday’s trading session at a price of $328.28 following its direct listing on Nasdaq. Accounting for the fully diluted capitalization of 261.3 million shares of common stock, that pegs Coinbase’s end-of-day valuation at approximately $85.7 billion. […]

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Crypto unicorn Coinbase’s shares begin trading on Nasdaq, price shoots above $400

Trading of crypto exchange Coinbase’s shares on the Nasdaq exchange has begun at an initial price of $381, and as of press time the price has climbed above $400. Coinbase’s historic market debut via direct listing attracted significant media attention on Wednesday, especially in light of developing reports about the indicated share price.  Coinbase’s debut […]

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Indicative price of $340 set for Coinbase share after Nasdaq quotation window: source

An indicative price for Coinbase shares has been set, The Block has learned. According to a source familiar with the situation, the quotation window for Coinbase’s market debut kicked off at 10: 10 am EST with an indicative price of $340 a share—much higher than the $250 reference price announced on Tuesday. Bloomberg first reported […]

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The Coinbase direct listing: What you should expect, according to Nasdaq’s IPO impresario

Crypto exchange Coinbase’s long-in-the-making, history-making stock market debut is finally here. The exchange’s stock is set to begin trading under the ticker COIN in one of the most hotly anticipated market launches in not just the fast-growing crypto market, but for the technology and financial services sectors as well. Uniquely, the crypto-exchange operator is going […]

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Enso raises $5 million to build decentralized social trading platform

Enso Finance, a project aimed at creating a dedicated social trading platform on the Ethereum network, has raised $5 million. Leading the round were VC firm Polychain Capital and the Dfinity Beacon Fund. The funding round involved participation from companies like Multicoin Capital, P2P Capital, and Spartan Group, as well as angel investors from Synthetix, […]

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