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Reddit Now Worth $6 Billion after $250 Million Funding Round Amid WSB Mania

Reddit Now Worth $6 Billion after $250 Million Funding Round Amid WSB Mania

Reddit doubles its valuation to $6 Billion after raising another $250 million in a Series E fundraising round just weeks after its subreddit r/WallStreetBets took on Wall Street.

New Zealand Police Froze $140 Million in Assets and Crypto From Alleged BTC-e Exchange Money-Launderer Alexander Vinnik

New Zealand Police Froze $140 Million in Assets and Crypto From Alleged BTC-e Exchange Money-Launderer Alexander Vinnik

New Zealand police said they have frozen $140 million linked to Russian crypto fraud suspect, Alexander Vinnik, alleged to have been the operator of the now-defunct BTC-e crypto exchange.

PayPal Will Give Jack Dorsey’s Square a Run for its Cryptocurrency

PayPal Will Give Jack Dorsey’s Square a Run for its Cryptocurrency

Payments giant PayPal looks set to roll out cryptocurrency sales services for its 305 million users.

Chainalysis Valued at Over $1 Billion after Raising $100 Million to Expand Regulatory Platform As Crypto Market Surges

Chainalysis Valued at Over $1 Billion after Raising $100 Million to Expand Regulatory Platform As Crypto Market Surges

Blockchain analytics firm, Chainalysis, announced yesterday that it has secured a $100 million Series C financing bringing the company’s valuation to over $1 billion.

PayPal Co-Founder Peter Thiel Injects $30 Million into Crypto Firm BlockFi to Improve Cash Flow and Expand Product Lines

PayPal Co-Founder Peter Thiel Injects $30 Million into Crypto Firm BlockFi to Improve Cash Flow and Expand Product Lines

The series B offering was led by Valar Ventures, which is a venture capital company backed by PayPal co-founder Peter Theil. Other investors in the offering round included Winklevoss Capital, Avon Ventures, Morgan Creek Digital, CMT Digital, PJC, and Akuna Capital. New investors included Purple Arch Ventures, Arrington XRP Capital, Kenetic Capital, HashKey Capital, and Castle Island Ventures.

Ripple Whale Moves 40 Million XRP to Bitstamp Crypto Exchange After Being Dormant for Years

Ripple Whale Moves 40 Million XRP to Bitstamp Crypto Exchange After Being Dormant for Years

Blockchain analytics picked up an unusual Ripple transfer of 40 million XRP.

With Recent $9.5 million Offering BTCS Gains Institutional Investor Interest

With Recent $9.5 million Offering BTCS Gains Institutional Investor Interest

BTCS, a digital asset blockchain technology-focused company, recently closed an institutional investor-backed $9.5 million financing comprised of 9,500,000 shares of its common stock and common stock warrants to purchase up to 7,125,000 shares of common stock at a combined purchase price of $1.00 per share in a registered direct offering.

Block.one Settles with SEC to the Tune of $24 Million

Block.one Settles with SEC to the Tune of $24 Million

Blacksburg startup Block.one has agreed to pay $24 million (HK$ 188 million) in fines to settle the allegations of unlawfully selling its ICO (initial coin offering) to US investors. The blockchain company had raised several billion dollars between 2017 and 2018 by selling its own digital currency.

IRS Cracking Down on Cryptocurrency Tax Evasion, Seeks Private Crypto Tax Contractors

IRS Cracking Down on Cryptocurrency Tax Evasion, Seeks Private Crypto Tax Contractors

The Internal Revenue Service (IRS) has requested help from independent consultants to crack down on non-compliance in cryptocurrency tax.

Ethereum’s Top 10 Whale Addresses are Holding a Total of 16.86 Million ETH as Sentiment for Ether Remains Bullish

Ethereum’s Top 10 Whale Addresses are Holding a Total of 16.86 Million ETH as Sentiment for Ether Remains Bullish

New data by Santiment reveals that crypto whales see the current pullback as the perfect storm needed to accumulate more ETH tokens.

US SEC Wins Lawsuit Against Kik’s $100 Million Unregistered ICO

US SEC Wins Lawsuit Against Kik’s $100 Million Unregistered ICO

US Judge Alvin Hellerstein rules in favor of the Securities and Exchange Commission in the regulator's lawsuit against Kik’s 100 million 2017 ICO.

Meitu Chinese Beauty App Purchases $40 Million Worth of Bitcoin and Ethereum

Meitu Chinese Beauty App Purchases $40 Million Worth of Bitcoin and Ethereum

Meitu has bought 15,000 units of ETH and 379 units of BTC, which were valued at around $22.1 million and $17.9 million respectively at the time of purchase.

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