Million

Nvidia estimates $150 million in revenue from new crypto mining product in Q1 of 2022 fiscal year

Nvidia estimates $150 million in revenue from new crypto mining product in Q1 of 2022 fiscal year

Computing hardware maker Nvidia is projecting as much as $150 million in revenue for its crypto mining-specific product line during the first quarter of the firm’s 2022 fiscal year. The $150 million revenue estimate was included in an April 12 release, which came months after the firm confirmed that it would produce and sell so-called …

Nvidia estimates $150 million in revenue from new crypto mining product in Q1 of 2022 fiscal year Read More »

Enjin raises nearly $19 million to build Polkadot-based NFT blockchain

Enjin raises nearly $19 million to build Polkadot-based NFT blockchain

Blockchain development firm Enjin has raised $18.9 million to build a Polkadot-based blockchain network, especially for non-fungible tokens (NFTs). The network, dubbed Efinity, will have its own token called Efinity Token (EFI), Enjin CTO Witek Radomski told The Block. And the funding has been secured via selling EFT tokens, said Radomski. Crypto.com Capital, DFG Group, …

Enjin raises nearly $19 million to build Polkadot-based NFT blockchain Read More »

Creator of hit NFT project NBA Top Shot poised to net $250 million in round led by $25 billion firm

Dapper Labs, startup behind NFT platform NBA Top Shot, nabs $305 million in funding

The maker of the popular NFT platform NBA Top Shot has raised $305 million in a new funding round. Reports emerged Tuesday morning of the round, led by Coatue Management. The Block reported last month that Dapper Labs was raising a significant funding round led by Coatue, a billion-dollar investment firm with stakes in companies …

Dapper Labs, startup behind NFT platform NBA Top Shot, nabs $305 million in funding Read More »

Coinbase settles with CFTC for $6.5 million over data reporting, employee wash trading allegation

Owner of bitcoin trading scheme Control-Finance ordered to pay $572 million

The U.S. District Court for the Southern District of New York has ordered the operator of bitcoin trading scheme Control-Finance to pay nearly $143 million in restitution and $429 million in penalties. Benjamin Reynolds allegedly failed to attend multiple court dates in a case from the Commodity Futures Trading Commission (CFTC), resulting in a default …

Owner of bitcoin trading scheme Control-Finance ordered to pay $572 million Read More »

Coinbase settles with CFTC for $6.5 million over data reporting, employee wash trading allegation

Coinbase settles with CFTC for $6.5 million over data reporting, employee wash trading allegation

Coinbase has settled with the Commodity Futures Trading Commission, according to a Friday announcement, and will pay a $6.5 million penalty. The settlement focused on two areas: information about trade activity on Coinbase’s GDAX trading platform and allegations of wash trading by a Coinbase employee during a six-week period in 2016. The U.S. regulator said …

Coinbase settles with CFTC for $6.5 million over data reporting, employee wash trading allegation Read More »

Publicly-listed beauty apps maker Meitu buys $40 million in BTC, ETH

Publicly-listed beauty apps maker Meitu buys $40 million in BTC, ETH

Meitu, a Chinese photo retouching app listed in Hong Kong, has announced it purchased $40 million worth-of bitcoin and ethereum. The firm said in disclosure Sunday on the Hong Kong Stock Exchange that it has bought 15,000 units of ETH and 379.12 units of BTC in open market transactions at an average cost of $22.1 …

Publicly-listed beauty apps maker Meitu buys $40 million in BTC, ETH Read More »

Crypto tax startup TaxBit raises $100 million in round backed by PayPal, Bill Ackman and more

Crypto tax startup TaxBit raises $100 million in round backed by PayPal, Bill Ackman and more

Utah-based crypto tax and accounting startup TaxBit has raised more than $100 million in a Series A round. First reported by Forbes, the round was led by investment companies Paradigm and Tiger Global, with participants including PayPal Ventures, Coinbase Ventures and Winklevoss Capital. The startup offers cryptocurrency tax software for crypto users, exchanges and vendors. …

Crypto tax startup TaxBit raises $100 million in round backed by PayPal, Bill Ackman and more Read More »

Coinbase CEO Brian Armstrong took home nearly $60 million in total compensation last year

Coinbase CEO Brian Armstrong took home nearly $60 million in total compensation last year

Coinbase CEO Brian Armstrong took home nearly $60 million in total compensation last year, according to the exchange operator’s S-1 Form published Thursday. That figure includes $1 million in salary, $56.7 million worth of stock options granted at a fair value, and $1.8 million marked as “all other compensation.” Armstrong’s total benefit for the year …

Coinbase CEO Brian Armstrong took home nearly $60 million in total compensation last year Read More »

Creator of hit NFT project NBA Top Shot poised to net $250 million in round led by $25 billion firm

Creator of hit NFT project NBA Top Shot poised to net $250 million in round led by $25 billion firm

Quick Take NFT-focused startup Dapper Labs is raising $250 million in a new funding round led by Coatue Management. The round comes amid a period of rapid growth for its NBA Top Shot NFT product. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The …

Creator of hit NFT project NBA Top Shot poised to net $250 million in round led by $25 billion firm Read More »

Scroll to Top