2 years ago
Is Bitcoin (BTC) successful a bull marketplace oregon a carnivore market? Has the existent marketplace rhythm already peaked oregon tin we expect different limb higher? Venture superior funds don’t look to attraction either way. They’re excessively engaged gathering equity successful promising blockchain plays.
This week’s Crypto Biz newsletter features 2 large backing rounds from the satellite of blockchain, arsenic good arsenic Jack Dorsey’s scathing critique of Mark Zuckerberg’s metaverse plans. We besides item a institution that’s making it easier for employees to commencement getting paid successful BTC.
So, portion it’s casual to get bogged down successful the bull versus carnivore narrative, the crypto manufacture is becoming a batch bigger than conscionable the terms charts. Don’t fto fear, uncertainty and uncertainty get you down. And please, don’t merchantability your Bitcoin to Michael Saylor!
To get a afloat breakdown of this week’s concern news, registry for the Crypto Biz newsletter astatine the precise bottommost of the page. I’ll beryllium reaching retired adjacent Thursday.
Related: Crypto taxation calculator CoinTracker valued astatine $1.3B pursuing $100M raise
All I'm saying is, for each the speech astir a crypto carnivore market, VCs and astute wealth investors don't look to care. Some of the VC rounds I'm seeing are perfectly wild. Stay tuned.
— Sam Bourgi (@forgeforth_) January 25, 2022Fireblocks raises $550M successful Series E
You whitethorn beryllium thinking, do Series E backing rounds really exist? Yes, yes they do. Although precise fewer companies marque it past Series C, crypto infrastructure supplier Fireblocks has gone a fewer steps beyond that threshold arsenic it continues to standard its operations. The company raised $550 million successful its latest round, bringing its full valuation to a whopping $8 billion. CEO Michael Shaulov explained to Cointelegraph that VC backersrecognize that the crypto manufacture is inactive successful its formative years, making present an perfect clip to invest.
Phantom wallet raises $109M
Speaking of nine-figure backing rounds, cross-platform crypto wallet Phatom secured $109 million successful financing this week, bringing its valuation to $1.2 billion. Phantom has emerged arsenic the starring crypto wallet for the Solana ecosystem, having attracted much than 2 cardinal monthly progressive users. But the level has ambitions to grow beyond Solana arsenic request for DeFi and NFTs continues to grow.
Related: Pixel Vault raises $100M for NFT improvement platform
Jack Dorsey: Facebook got it incorrect by pursuing Diem
Facebook-parent Meta’s effort to country the crypto marketplace with Diem, a centralized stablecoin project, was the incorrect move, according to Twitter laminitis Jack Dorsey. The Mark Zuckerberg-led institution should've conscionable focused connected making an open-ended protocol similar Bitcoin much accessible to users, Dorsey said, arsenic that would’ve saved the institution clip and money. As Cointelegraph reported, Meta officially shuttered its Diem plans earlier this week and began selling disconnected its intelligence property.
Employees are asking to beryllium #PaidInBitcoin, and we listened. With our caller Bitcoin Savings Plan, companies tin present connection an innovative compensation perk for employees to securely buy, sell, and clasp #Bitcoin without incurring immoderate transaction oregon retention fees. https://t.co/HLCaQPuwTr pic.twitter.com/raYkWiscLD
— NYDIG (@NYDIG_BTC) February 1, 2022NYDIG lets participating companies wage employees successful BTC
New York Digital Investment Group, oregon NYDIG, has introduced the Bitcoin Savings Plan to its constituents, giving companies the quality to pay a information of their employees' salaries successful BTC. Under the plan, employees astatine participating companies tin accumulate Bitcoin by converting a information of their paychecks into integer golden and storing it connected NYDIG's institutional-grade platform. Stackin' sats has ne'er been easier.
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