Crypto Bank Anchorage to Command $2B+ Valuation in New Funding Round, Sources Say

Cryptocurrency custody firm Anchorage is raising a large funding round that will value the San Francisco-based company at between $2 billion and $3 billion, according to four people familiar with the plans. “Anchorage is about to raise at a $3 billion valuation,” said one of the people, who asked not to be named. “They’re raising […]

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DOT Holders Are Voting on Polkadot’s New Look

After months of iteration, Parity Technologies – one of the developers of interoperability protocol Polkadot – launched a web portal on Wednesday for DOT token holders to vote on the future of the blockchain’s logo and brand assets. The brand overhaul kicked off in January with the hiring of Koto, a design agency. According to […]

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Blockchain Game Companies Pen Open Letter to Valve: ‘Don’t Ban Web3 Games’

A handful of blockchain companies wrote a letter Tuesday to Valve, creator of the gaming platform Steam, in a bid to reverse a decision to boot blockchain-based video games from its platform last month. Fight for the Future, Enjin and the Blockchain Game Alliance, along with 26 blockchain game companies, are calling on Valve to […]

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The FTC Doesn’t See the Difference Between Crypto and LuLaRoe

The U.S. Federal Trade Commission (FTC) on Oct. 26 sent what’s known as a “Notice of Penalty Offense” to more than 1,000 companies, including the crypto exchanges Blockchain, Gemini, U.K.-based Bixo and other fintech and crypto firms. The notices, which warn businesses not to overstate the earning potential of investments or business opportunities, were also […]

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It’s BITO vs. GBTC vs. BTC as Bitcoin ETF Wars Heat Up

The ProShares Bitcoin Strategy exchange-traded fund (stock ticker BITO) turned heads last week when it hauled in more than $1 billion of assets in two days, the fastest exchange-traded fund (ETF) ever to hit that milestone. But so far, the new ProShares fund’s returns are falling short of the performance of bitcoin in cryptocurrency markets […]

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FTX Looks to Expand Globally Through Local Partners, Bankman-Fried Says

FTX, the cryptocurrency derivatives exchange juggernaut, plans to keep expanding into new jurisdictions through buying local crypto companies or exchanges, CEO Sam Bankman-Fried said Wednesday on CoinDesk TV. Asked about future acquisitions, the 28-year-old billionaire hinted he may be looking for another LedgerX, which was FTX’s August acquisition. LedgerX, a regulated U.S.-based crypto derivatives firm, […]

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River Financial to Let Clients Mine Bitcoin Without Having to Set Up, Run Machines

River Financial, a San Francisco-based bitcoin technology and financial services company, will enable its clients to buy bitcoin mining machines and start mining without having to set up and maintain the computers themselves. The company has launched a service called “River Mining” in which customers can buy Bitmain’s Antminer S19j Pro miners and manage the […]

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‘Open Finance’ Project Findora Launches $100M Ecosystem Fund

Privacy blockchain project Findora is launching a $100 million ecosystem fund “to accelerate the growth and development” of its community, the company announced on Wednesday. Findora also announced that after more than three months of testing, staking and delegation would be possible on the Findora Mainnet Beta. Findora described the fund as “part of a […]

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The Revolving Door Is Good for Bitcoin

Brian Brooks went from a law firm to a bank to a mortgage company to a crypto exchange to America’s top banking regulatory agency to a crypto exchange again. He’s on the market again – but which way will it be, public sector or private? The lanky Colorado native with his shock of sandy-brown hair […]

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