Tag: Blockchaincom

Blockchain.com Acquires Latin American Crypto Investment Platform Sesocio – Finance Bitcoin News

On November 30, the crypto firm Blockchain.com announced it acquired the Argentina-based investment platform Sesocio. According to the firm, the acquisition will give the company’s global workforce an aggregate headcount of 400 Blockchain.com employees worldwide. Blockchain.com’s Global Headcount Grows to 400 After Acquiring the Crypto Investment Platform Sesocio At the end of March, Blockchain.com raised $300 million and the firm’s post valuation swelled to $5.2 billion. In August, Blockchain.com’s CFO Macrina Kgil discussed how the company has surpassed $1 trillion in cryptocurrency transactions. Kgil further revealed the firm may go…

Blockchain.com acquires SeSocio to cement presence in Latin America

Major cryptocurrency wallet and data service Blockchain.com is expanding in Latin America by acquiring SeSocio, a major crypto company based in Argentina. One of the biggest investment platforms in Latin America, SeSocio will now merge with Blockchain.com to help them scale operations across the region, the firm officially announced Nov. 30. As part of the acquisition, 100 SeSocio employees will join Blockchain.com, immediately bringing its global headcount to 400 people. Together, the firms will focus on providing crypto-enabled financial services to the unbanked and underbanked not only in Argentina but…

Bitcoin Mining Company Griid Secures $525 Million Credit Facility From Blockchain.com – Mining Bitcoin News

On Monday, the mining firm Griid Infrastructure announced the company has secured a $525 million credit facility from the crypto firm Blockchain.com. According to the announcement, the credit facility will be a four-year term in order to increase the company’s mining capacity. Bitcoin Mining Infrastructure Firm to Increase Capacity With Help From Blockchain.com Cryptocurrency mining, and more specifically bitcoin (BTC) mining, has seen millions of dollars invested during the course of the year. Enterprise operations have inked massive deals with bitcoin mining rig manufacturers like Canaan, Bitmain, and Microbt for…

Mining Infrastructure Firm GRIID Secures $525M Credit From Blockchain.com

Mining infrastructure firm GRIID has secured a $525 million credit facility from the cryptocurrency exchange and wallet provider Blockchain.com. Cincinnati, Ohio-based GRIID said the four-year term credit facility will be used to bring on additional mining capacity, taking advantage of over 1,300 megawatts of available power from existing energy generation partners. In May, Blockchain.com acquired Artificial Intelligence Exchange (AiX) and in March the firm reportedly raised $300 million in Series C funding led by partners of DST Global, Lightspeed Venture Partners and VY Capital in a funding round that valued…

Blockchain.com exchange debuts Bitcoin margin trading

Bitcoin (BTC) wallet and exchange platform Blockchain.com has announced the introduction of margin trading services. In a blog post issued on Tuesday, Blockchain.com stated that Bitcoin margin trading had been a regular request from users since launching its exchange service in 2019. According to the announcement, the platform will launch margin trading for the Bitcoin-United States dollar (BTC/USD) pair with up to 5x leverage. The exchange’s Bitcoin margin trading service will be available to users in about 150 countries, with significant exceptions for Italy, France, Canada and the United States. Other…

Blockchain.com Raises $300 Million, Firm’s Post-Money Valuation Now $5.2 Billion – Bitcoin News

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The crypto financial services provider Blockchain.com revealed on Wednesday that the company has raised $300 million in a financing round. Blockchain.com’s latest funding round follows the $120 million raise the company obtained last month. Blockchain.com Is Now Valued at $5.2 Billion On March 24, Blockchain.com CEO Peter Smith announced that the company was pleased to announce a new Series C financing round. The company has raised $300 million from investors and Blockchain.com’s post-money valuation has increased to $5.2 billion. Smith detailed on Wednesday that the funding stemmed from partners such…

Blockchain.com Raises $300M from Private Investors Bringing Company’s Valuation to $5.2B

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Blockchain.com funding was led by DST Global, Lightspeed Venture Partners and VY Capital. Blockchain.com, a global cryptocurrency exchange with other crypto-focused services, has raised $300 million from private investors bringing its market valuation to $5.2 billion according to Wall Street Journal. Notably, WSJ also noted that the Blockchain.com funding was led by DST Global, Lightspeed Venture Partners, and VY Capital. Blockchain.com was founded back in 2011 and has over time been involved in several fundings. Back in 2014, the company closed a $30.5 million fundraising round led by Lightspeed Venture…

Blockchain.com raises $300M in crypto industry’s third-largest capital raise

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London-based cryptocurrency services provider Blockchain.com has raised $300 million in a new investment round that valued the firm at $5.2 billion — up from a $3 billion valuation just one month ago. The investment round was led by DST Global, Lightspeed Venture Partners and VY Capital, and is the crypto industry’s third-largest capital raise to date. The sum is equal to that raised in a single round by Bakkt in March 2020, trailing only behind BlockFi’s $350 million earlier this year and Bitmain Technologies’ $400 million back in 2018. Just…

Blockchain.com Raises $120 Million in a Strategic Financing Round, Firm’s Institutional Arm Swells – Finance Bitcoin News

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On Wednesday, as the leading crypto asset bitcoin has been riding above the $50k handle, the well known firm Blockchain.com announced the company has raised $120 million in a strategic financing round. Blockchain.com says the financing comes at a momentous occasion, as the firm’s wallets have seen 65 million created to-date in over 200 countries. London Firm Blockchain.com Raises $120 Million from Macro Investors Blockchain.com is a popular cryptocurrency company that has been around since 2012. On February 17, 2021, the company’s cofounder and CEO, Peter Smith, revealed Blockchain.com has…

Blockchain.com raises $120M funding round to grow institutional business

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Several notable macro investment funds joined the round, including Moore Strategic Ventures, Access Ventures, Rovida Advisors, Lightspeed Venture Partners, Google’s investment spin-off GV, Lakestar, Eldridge, Hayman Capital’s Kyle Bass and others. The funding will be used to bolster Blockchain.com’s growing Institutional Markets business. The company recently expanded its suite and began offering crypto custody, trade execution and lending services tailored for institutional investors. Blockchain.com’s main business was a multi-cryptocurrency wallet, which processed 28% of all Bitcoin (BTC) transactions, the company says. Since then, the company has launched an exchange and…