Digital asset custody platform Fireblocks has raised $550 million in Series E funding to become one of the blockchain industry’s most valuable companies, underscoring heightened institutional appetite for cryptocurrency products despite extreme price volatility. The investment round was co-led by venture firms D1 Capital Partners and Spark Capital, with participation from Parafi Growth Fund, Canapi Ventures, Altimeter, General Atlantic, Index…
In brief CoinTracker is crypto tax software. The company has a $1.3 billion valuation. It’s using its $100 million in funding to “scale up the product and company.” With the IRS filing period just around the corner, one crypto tax company is ready to put its name on a lot of returns. CoinTracker, a startup that makes crypto investment tracking…
Bitcoin (BTC) investors are famous for their ability to “hodl” through price dips, but new data sheds light on how long they may be prepared to continue. In a tweet on Jan. 16, on-chain analytics firm Glassnode noted that holder behavior currently mimics how Bitcoin behaves during the least extreme part of its price cycles. Reserve Risk: Bitcoin price ‘depressed,’…
Reddit, the popular online discussion platform valued at $10 billion, is testing a feature that would allow its users to connect any non-fungible token (NFT) they own to their profile picture. While Reddit already has its own Ethereum-based NFT collection called CryptoSnoos, the new feature will reportedly enable users to add any NFT they own to their profiles. App researcher…
Monero has the third-largest community, just with Ethereum and Bitcoin being ahead. If you have not yet been acquainted with Monero’s features, you might wonder why it is so popular. The answer is simple: Monero is one of the most private cryptocurrencies ever created. In this article, we will cover the technology- and mining-related questions. Also, we will try to…
In a new twist of the Russian crypto regulation saga, the country’s Ministry of Finance has come forward with an initiative that stands in stark contrast with the central bank’s hardline position. The Central Bank of Russia recently called for a ban on crypto trading and mining activities throughout the country. Citing volatility, environmental impact and use in illegal activities,…
In brief The funding round values Fireblocks at $8 billion. Fireblocks is now eyeing potential customers outside of the world of finance. Crypto infrastructure giant Fireblocks announced on Thursday it has raised $550 million in a Series E investment round that values the company at $8 billion. That valuation is the same as the trading platform FTX US, and it…
Cryptocurrency portfolio tracker and tax calculator CoinTracker has attained “unicorn” status after raising $100 million in Series A financing, demonstrating once again that investors are allocating vast sums of capital toward crypto-focused companies. The Series A investment round was led by California-based venture capital firm Accel, with additional participation from General Catalyst, Initialized Capital, Y Combinator Continuity, 776 Ventures, Coinbase…
0xSifu, a co-founder and CFO of an Avalanche-based fork of OlympusDAO called Wonderland, has been outed as a co-founder of the notorious Canadian crypto exchange QuadrigaCX. The exchange was labeled a “ponzi scheme” by the Ontario Securities Commission in 2020. Initial reports from Twitter user zachxbt indicate that 0xSifu’s real name is Michael Patryn. A report from The Globe and…
Bitcoin (BTC) climbed down from multi-day highs on Jan. 27 as the aftermath of the latest United States Federal Reserve meeting saw bulls taper their enthusiasm. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin disappoints below $37,500 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD walking back some of its gains, which had topped out at $38,950 on Bitstamp. The…
