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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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