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Paradigm, a firm that provides liquidity to crypto derivatives traders, raised $35 million in a Series A funding round co-led by Jump Capital and Alameda Ventures.The round values the firm at $400 million, Paradigm said in a press release on Thursday.Over 25 other investors also participated in the Series A,
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The 2021 Independent Reserve’s Cryptocurrency Index (IRCI) survey of more than 2,000 people found that the percentage of Australians surveyed who own or have owned crypto has reached 28.8%, up from 18.4% in 2020.The results suggest that growth in the sector is being driven by the positive experience of those
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As the state of Texas faces a rapid influx of Bitcoin mining operations, its electrical infrastructure will have to support the industry’s expected 5,000 megawatts (MW) of additional power demands by 2023.The Bitcoin mining industry in Texas currently consumes around 500 to 1,000 MW of power. The Electric Reliability Council
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The Oasis Foundation announced Tuesday the launch of the fund in collaboration with a host of major venture capital frims, including Dragonfly Capital Partners, Draper Dragon Fund, Electric Capital, FBG, Jump Capital, Kenetic Capital, NGC Ventures and Pantera Capital according to a press release. Original Source
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Decentralized finance development firm Neon Labs has concluded a $40-million private token sale as part of its ongoing efforts to create an Ethereum-compatible environment on the Solana blockchain, underscoring heightened investor demand for scalability and liquidity solutions in the rapidly growing decentralized finance market.The private sale of NEON tokens was
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Bitcoin (BTC) broke its all-time high price level following the launch of ProShares’ Bitcoin Strategy exchange-traded fund (ETF), BITO, on Tuesday, but JPMorgan Chase strategists believe the key driver behind the price jump is investor concern over inflation.The BITO launch, which saw the highest-ever first-day natural volume for an ETF,
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Andreessen Horowitz (A16z), a leading venture capital firm operating in the crypto sector, has nabbed two of the leading engineers working on Facebook’s digital currency project for its digital asset fund.According to an Oct. 11 report from CNBC, Nassim Eddequiouaq and Riyaz Faizullabhoy have jumped ship from Facebook to A16z
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“We believe that Greenidge can fund this growth with cash on hand, free cash flow and borrowings,” B. Riley analyst Lucas Pipes wrote in a note. “The low probability of equity dilution is a key differentiation from the peer group.” B. Riley also covers mining firms Marathon Digital (NASDAQ: MARA)
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Square has had a busy weekend. The company made headlines for it’s purchase of Australia-based fintech firm, Afterpay, in an all-stock deal. Square then went on to release it’s Q2 2021 Shareholder Letter, filled to the brim with company insights – including some strong growth numbers in crypto transactions on Square’s
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