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Decentralized exchange IDEX raises $2.5 million in seed funding ahead of IDEX 2.0 launch

Decentralized exchange IDEX raises $2.5 million in seed funding ahead of IDEX 2.0 launch

Decentralized or non-custodial crypto exchange IDEX has raised $2.5 million in seed funding ahead of IDEX 2.0 launch. The round was led by G1 Ventures and Borderless Capital, with participation from Collider Ventures and Ethereum prediction market project Gnosis. Alex Wearn, co-founder and CEO of IDEX, told The Block that the fresh capital would be …

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Square says Cash App generated $875 million in bitcoin revenue during Q2, posting $17 million in gross profit

Square says Cash App generated $875 million in bitcoin revenue during Q2, posting $17 million in gross profit

Square said Tuesday that it made $875 million in bitcoin revenue via its Cash App service during the second quarter of 2020.  The release — which came a day early stemming from what Square called an “early external access of the company’s quarterly financials” — also notes that Cash App generated $17 million in bitcoin …

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Whale Alert finds that scammers have siphoned $24 million in bitcoin from victims in 2020

Whale Alert finds that scammers have siphoned $24 million in bitcoin from victims in 2020

Recently a victim of a crypto scam? You’re not alone. Scammers made $24 million in bitcoin in the first half of 2020 — and they’re not slowing down anytime soon, according to a new report by crypto watchdog Whale Alert.  Whale Alert, best known for monitoring and tweeting about particularly large crypto transactions, collected and analyzed …

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Lightspeed Venture Partners backs crypto market maker Wintermute in $2.8 million fundraise

Lightspeed Venture Partners backs crypto market maker Wintermute in $2.8 million fundraise

A trading firm sitting behind both the centralized and decentralized cryptocurrency worlds has scored $2.8 million in a Series A funding round led by Lightspeed Venture Partners.  Wintermute, a London-based market maker in the digital asset space, announced Tuesday the close of the multi-million dollar raise exclusively to The Block, noting that the fresh capital …

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ETH 2.0 client team Prysmatic Labs is releasing a new test network this weekend

$188 million in ETH tied to PlusToken Ponzi moves for first time since December

Nearly 790,000 ETH – worth roughly $188 million – held in a wallet connected to the PlusToken Ponzi scheme were on the move in a pair of transactions. Those two transactions, accounting for 789,533 ETH, can be viewed here and here. The last time these funds moved was on December 19. The transactions come two …

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Coinbase’s former top lawyer sold $4.6 million in stock when he left the exchange for OCC

Coinbase’s former top lawyer sold $4.6 million in stock when he left the exchange for OCC

Brian Brooks, the former chief legal officer of Coinbase, liquidated $4.6 million worth of stock options when he left the cryptocurrency exchange in March for a top role at the Office of the Comptroller of the Currency (OCC). Bloomberg reported the news on Tuesday, citing Brooks’ financial disclosures filed with the government. Besides the stock …

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Crypto broker Voyager announces $2.1 million private placement

Crypto broker Voyager announces $2.1 million private placement

Crypto-asset broker Voyager has announced a private placement of nearly C$2.9 million (roughly $2.1 million), the Canada-listed firm announced today. The placement involved the sale and distribution of about 14.5 million units, at a price of C$0.2 per unit, with investors including Susquehanna Government Products, LLLP, Streamlined Ventures, LLC and Market Rebellion, LLC, as well …

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Robinhood scores $280 million in Series F fundraise, and it’s promising to scale the platform

Robinhood scores $280 million in Series F fundraise, and it’s promising to scale the platform

Equities and crypto brokerage firm Robinhood announced Monday the completion of a $280 million Series F fundraise, following earlier reports on the firm’s latest raise via Bloomberg and the Financial Times.  The fresh capital brings the unicorn’s valuation to $8.3 billion, according to an announcement of the raise. Led by Sequoia Capital, the funding round closed at …

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Ethereum projects have received nearly $25 million in grant money to date

Ethereum projects have received nearly $25 million in grant money to date

More than 150 Ethereum projects have received nearly $25 million in total grant money to date. The Ethereum Foundation is the biggest donor, awarding over $21 million of the total amount, according to a study by The Block’s Steven Zheng. The foundation is followed by the Ethereum Community Fund, Aragon Foundation, ConsenSys and Protocol Labs. …

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Bitcoin Miner Maker Canaan Lost $148 Million in 2019

Bitcoin Miner Maker Canaan Lost $148 Million in 2019

Chinese bitcoin miner manufacturer Canaan Creative has disclosed it made a net loss of $148.6 million for 2019 on a revenue of $204.3 million, reflecting a declining profitability over the past three years. On Thursday, the firm released its first unaudited earnings report since it went public in the U.S. last November. Canaan said it sold computing power …

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