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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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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 …

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Japan’s top securities regulator says XRP is not a security

Japan’s top securities regulator says XRP is not a security

Japan’s Financial Services Agency (FSA), the country’s securities regulator, has confirmed to The Block that it views XRP as a cryptocurrency and not as a security. The question has become relevant recently in light of the U.S. Securities and Exchange Commission’s allegation that by selling XRP the firm engaged in sales of unregistered securities — …

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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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Nomics Machine-Learning Tool Offers 7-Day Price Forecast on Top 100 Cryptos

Nomics Machine-Learning Tool Offers 7-Day Price Forecast on Top 100 Cryptos

Data provider Nomics is using machine learning to predict the future prices of cryptocurrencies like bitcoin. Launched Thursday, the 7-Day Asset Price Prediction feed will give an outlook on future crypto prices based on purpose-built algorithms and the firm’s API, Nomics CEO Clay Collins told CoinDesk in an interview. “There are a lot of poor …

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