Auto Added by WPeMatico

Fitch Ratings Downgrades El Salvador Deeper Into Junk Status Citing Bitcoin Risks

One of the largest rating agencies in the U.S., Fitch Ratings, has downgraded El Salvador’s long-term default rating deeper into junk status, citing risks from adopting bitcoin as legal tender…

Continue ReadingFitch Ratings Downgrades El Salvador Deeper Into Junk Status Citing Bitcoin Risks

Polygon Raises $450 Million From Sequoia Capital India, Softbank, Shark Tank’s Kevin O’leary

The blockchain project Polygon announced it has raised $450 million on Monday in a fundraising round led by Sequoia Capital India with participation from more than 40 venture capital firms.…

Continue ReadingPolygon Raises $450 Million From Sequoia Capital India, Softbank, Shark Tank’s Kevin O’leary

Crypto Asset Manager Grayscale Launches ‘Future of Finance’ ETF in Partnership With Bloomberg

Grayscale Investments has launched its first exchange-traded fund (ETF). The Grayscale Future of Finance ETF “seeks to invest in the companies and technologies shaping the ‘future of finance.'” Grayscale’s First…

Continue ReadingCrypto Asset Manager Grayscale Launches ‘Future of Finance’ ETF in Partnership With Bloomberg

Coinbase Shares Declined 50% From All-Time High, Stock Follows Bitcoin’s Ups and Downs

Roughly nine months ago, Coinbase’s initial public offering (IPO) via a direct listing on Nasdaq launched, and shares swapped for $342 per share on April 16, 2021. Since then, Coinbase…

Continue ReadingCoinbase Shares Declined 50% From All-Time High, Stock Follows Bitcoin’s Ups and Downs

Web3 Data Platform Dune Analytics Propels to Unicorn Status After $69.4 Million Fundraise

The Web3 analytics platform Dune Analytics has announced it has closed a $69.4 million Series B fundraise led by Coatue. The firm’s latest fundraise follows the company’s Series A last…

Continue ReadingWeb3 Data Platform Dune Analytics Propels to Unicorn Status After $69.4 Million Fundraise

Solana’s Phantom Raises $109 Million in a Series B Fundraise Obtaining Unicorn Status

On Monday, the team behind the Solana Web3 wallet platform Phantom announced it had raised $109 million in a Series B fundraise. The crypto company is now a Unicorn with…

Continue ReadingSolana’s Phantom Raises $109 Million in a Series B Fundraise Obtaining Unicorn Status

FTX Raises $400 Million in Series C Fundraise, Firm Reaches $32 Billion Valuation

Following the company’s subsidiary FTX US raising funds in its first Series A financing round, parent company FTX Trading Ltd. has announced it has secured $400 million in a Series…

Continue ReadingFTX Raises $400 Million in Series C Fundraise, Firm Reaches $32 Billion Valuation