Million

SoftBank invests $200 million in Brazilian crypto exchange Mercado Bitcoin

SoftBank invests $200 million in Brazilian crypto exchange Mercado Bitcoin

The SoftBank Latin America Fund has invested $200 million in the parent company of Mercado Bitcoin, one of the largest cryptocurrency exchanges in the region. The fundraise values Mercado Bitcoin’s parent company 2TM Group at $2.1 billion, placing it among Latin America’s unicorns – privately held startups with valuations north of $1 billion. The Series …

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Peter Thiel, Alan Howard back BitDAO's $230 million raise to grow DeFi

Peter Thiel, Alan Howard back BitDAO’s $230 million raise to grow DeFi

A new decentralized autonomous organization (DAO) called BitDAO has been formed, and several high-profile investors, including Peter Thiel and Alan Howard, have backed its $230 million fundraise. Thiel led the round, along with his Founders Fund, Pantera Capital, and Dragonfly Capital. Other investors in the round included Jump Capital, Spartan Group, Fenbushi, and Kain Warwick …

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Solana Labs raises $314 million in new funding round

Solana Labs raises $314 million in new funding round

Solana Labs, the developer of the Solana blockchain, has raised $314.15 million in a private token sale round led by Andreessen Horowitz (a16z) and Polychain Capital. Other participants in the round included Alameda Research, CMS Holdings, CoinShares, Jump Trading, Multicoin Capital, Sino Global Capital, and many others. The news comes a few days after some …

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Huobi regroups investment arms to Huobi Ventures with $100 million allocation

Huobi regroups investment arms to Huobi Ventures with $100 million allocation

Crypto exchange Huobi has regrouped its investment arms into Huobi Ventures, with $100 million as starting capital. The exchange group said in an announcement on Thursday that it has consolidated Huobi Eco Fund, Huobi Capital and Huobi DeFi Labs into one that is spearheaded by its new chief financial officer Zhang Li, who joined the …

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Dapp data tracker DappRadar raises $5 million in Series A funding

Dapp data tracker DappRadar raises $5 million in Series A funding

DappRadar, a Lithuanian data tracking company for decentralized applications (Dapps), announced Friday that it raised $5 million in Series A funding. Lead investors in this Series A round were Prosus Ventures, Blockchain.com Ventures, and NordicNinja VC. According to the release, the startup will use the funding to boost its brand awareness and launch new products …

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European Investment Bank to price €100 million in bonds on Ethereum: report

European Investment Bank to price €100 million in bonds on Ethereum: report

The European Investment Bank (EIB), the investment and development arm of the European Union, plans to price €100 million in bonds registered in the Ethereum network. According to a report by Bloomberg, the EIB’s inaugural blockchain bond sale will consist of €100 million in two-year notes. The bonds could be priced today. The sale of …

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Why MetaKovan, the buyer of the $69 million Beeple NFT, thinks the token is actually worth $1 billion

Why MetaKovan, the buyer of the $69 million Beeple NFT, thinks the token is actually worth $1 billion

Quick Take A crypto billionaire who goes by the name MetaKovan recently paid $69 million for an NFT by the digital artist Beeple. Who is MetaKovan and why does he think this art is actually worth $1 billion? This feature story is available to subscribers of The Block Daily. You can continue reading this Daily …

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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 …

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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, …

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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 …

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