Category: Investments

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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Cryptology Asset Group raises €32 million and explores buying bitcoin

Cryptology Asset Group, the Malta-based crypto investment firm, has raised €32 million through a share issue. The money will be used to invest in crypto and blockchain startups. The company announced on April 15 that it had successfully issued 128,375 new shares and sold 31,625 treasury shares to institutional investors. Cryptology trades on several German […]

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Europe’s neobrokers poised to offer trading for Coinbase shares

Trading apps in Europe and the United Kingdom are poised to launch Coinbase shares in anticipation of the crypto exchange’s direct on Nasdaq listing later today. Representatives of London-based digital bank Revolut and neobroker Freetrade told The Block that trading in Coinbase shares will be available for retail investors as soon as the company is […]

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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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ConsenSys closes $65 million funding round backed by JPMorgan, Mastercard and more

ConsenSys, the Ethereum-focused software company, has raised $65 million from a group that includes a pair of major banks, a top financial services firm and an array of digital asset industry startups and investors. Among those backing the formation round, according to a press statement shared with The Block, is JPMorgan, whose involvement was reported […]

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NFT Investments raises £35m through London listing

A recently formed investment vehicle specializing in non-fungible token (NFT) investments has raised £35 million before expenses through a listing on the Aquis Stock Exchange Growth Market in London. NFT Investments, which had initially targeted a raise of £10 million, claims the larger sum of money sets a record for the largest amount raised on […]

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There have already been twice as many large-scale crypto VC deals in 2021 than there were in 2020

There were twice as many crypto venture capital deals larger than $50 million in the first quarter of 2021 than there were in all of 2020, according to The Block Research.  Last year there were four crypto venture capital deals worth more than $100 million, and three deals worth between $50 million and $100 million. […]

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An executive at Bridgewater, the world’s largest hedge fund, unpacks bitcoin’s role in the macro picture

Bridgewater, the world’s largest hedge fund, isn’t convinced by the bitcoin narrative yet, but it’s listening. On this week’s episode of The Scoop, Bridgewater’s director of portfolio strategy Jim Haskel said he’s not surprised by the growing institutional interest. Bridgewater founder Ray Dalio previously said he didn’t see bitcoin’s merits as a currency, but he […]

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Meitu buys another $10 million in bitcoin to complete its treasury allocation plan

Hong Kong-based app-maker Meitu’s originally outlined goal to invest $100 million in cryptocurrency has been achieved. In a disclosure filing Thursday, the publicly-traded company said it purchased another 175 BTC to reach the $100 million mark it set for itself in its Cryptocurrency Investment Plan. The plan called for Meitu to add $100 million in […]

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