According to CEO Cory Klippsten, Swan's Managed Mining business is not generating the revenue it needs and for that reason they will be backing off the IPO.
Founded in 2011, Bitstamp is the world’s longest actively running crypto exchange.
The reversal comes after Galaxy had initially won a dismissal of the lawsuit in June 2023 in a lower court.
Share prices of Ether Capital are up ~30% on the news.
While the company hasn’t specifically stated that they are pushing for an IPO (they say both public and private market fundraising is on the table), we can’t help but predict one is on the way...
The move signals more than just a financial commitment; it's a nod of confidence to Solana.
Monad Labs, an Ethereum competitor, is reportedly in talks to raise more than $200 million at a $3 billion valuation.
Once valued at more than $13 billion, NFT exchange OpenSea may now be up for sale.
Mesh aims to be the embedded financial product of the future – connecting the traditional finance world the crypto one.
it’s worth noting that this isn’t Circle’s first attempt at a public listing. Might the 3rd time be the one that sticks?
Investors' stakes will not be in equity in the company, but rather will consist of yet-to-be-announced token warrants.
The round was co-led by Good News Ventures, G1.VC, Spirit Blockchain, K2.CA and Atoia Ventures, with participation from Mintfox.
The company has already worked with companies such as Friend.tech, Blackbird, Courtyard, and many others.
There is no doubt that Blockchain wants to go public, and this round of funding may just be what is needed to get there.
It’s easy to get disillusioned in crypto when the projects being launched are either hype machines or use cases that just don’t matter to the average consumer. Projects like Blackbird want to change that.
Blockchain Capital’s fundraise may just be a sign of more capital to come.
Beyond the adoption narrative, its news like this that suits incredibly well for merchants. Here's why.
Coinbase is officially acquiring a stake in USDC stablecoin issuer Circle.
Word on the street is that Fidelity is either going to make a bid for Grayscale, apply for a spot Bitcoin ETF, or both.