Xen Baynham-Herd, global head of asset management at crypto exchange and digital wallet provider Blockchain.com, is leaving the business, Coindesk has learned. Source
Blockchain.com’s Global Head of Asset Management Is Leaving the Firm
Tag: Firm
$4.4M Stolen in Hack of Blockchain Infrastructure Firm Meter
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African Web3 Startup Raises $6.45 Million in Pre-Seed Round, Serena Williams’ Investment Firm Participates – Emerging Markets Bitcoin News
An African startup, Nestcoin, said it raised $6.45 million in a pre-seed funding round in which tennis’ star, Serena Williams’ Serena Ventures took part. The startup, which was launched in November 2021, plans to use the capital raised to educate, build and invest in web 3.0 applications. Facilitating Crypto Adoption Nestcoin, a Nigerian startup that plans to operate and invest in Web3 applications, recently announced it had raised $6.45 million in pre-seed. Leading the funding round were venture capital firms, Distributed Global and Alter Global. Also participating in the funding…
Crypto Insurance Firm Evertas Wins Lloyd’s of London Approval
“Our approval of Evertas’ coverholder application is an example of collaboration between Lloyd’s insurer Arch and their new distribution partner on an innovative solution aimed at facilitating the growth of an industry sector previously hindered by a lack of risk transfer options,” said Hank Watkins, president of Lloyd’s in the Americas, in a statement. Source
Over $1,570,000,000 Worth of Bitcoin Moved off Crypto Exchanges in Just Seven Days: Insights Firm Santiment
Crypto analytics firm Santiment says that Bitcoin (BTC) is flying off exchanges at its fastest rate in more than four months, a potentially bullish indicator for the top crypto asset. The crypto insights firm notes in a new tweet that 40,785 BTC, worth over $1,570,000,000 at time of writing, moved off exchanges in the past week, marking the highest weekly outflow total since mid-September. “The continued trend of coins moving to cold wallets is historically good for long-term price movements.” BTC is trading at $38,702.68 at time of writing, up…
Blockchain Software Firm Consensys Acquires Mycrypto Ethereum Wallet – Wallets Bitcoin News
On February 1, the blockchain infrastructure firm Consensys has revealed it has acquired the Ethereum-based wallet Mycrypto and plans to merge the wallet into Metamask. The price Consensys paid for Mycrypto was not disclosed but the announcement notes that the acquisition will “further improve the security of all the products.” Consensys Obtains Mycrypto Ethereum Wallet, Plans to Merge With Metamask in the Future Consensys has acquired the Ethereum-based wallet Mycrypto for an undisclosed sum according to an announcement released on Tuesday. The deal aims to strengthen the company’s Ethereum wallet…
El Salvador Using Crypto Software Firm AlphaPoint to Fix Chivo Wallet Problems
AlphaPoint is now providing the technology behind Chivo’s mobile application, mobile point-of-sale processing, merchant website portal, call-center support software and administrative console, it said in a statement. Telyatnikov said that “the majority of complaints” about the Chivo Wallet were prior to AlphaPoint’s entry. Source
Alexis Ohanian’s VC Firm to Focus on Crypto With $500M Capital Raise
“With the current trajectory of talented product designers and engineers, yes, a majority of our future investments will likely be in crypto, but we follow the lead of the smartest founders we meet, so if they keep building in Web3, we’ll keep funding them,” Ohanian told CoinDesk via email. Source
Alexis Ohanian’s VC Firm to Focus on Crypto With $500M Capital Raise: Report
Reddit co-founder Alexis Ohanian’s venture firm 776 Management plans to double down on crypto in the coming year, having raised $500 million across two new funds, the Wall Street Journal reports. The newly launched Funds II include an early stage-focused $300 million vehicle, and a $200 million fund which will invest in Series A and B rounds. The two new funds will push 776’s portfolio to a majority stake in crypto investments in 2022, Ohanian told the Journal. Currently, crypto investments account for about 40% of the firm’s portfolio, according…
Cybersecurity Firm Cybereason Allegedly Files Confidential Paperwork for US IPO
Cybereason has raised approximately $750 million to date and was valued at around $3 billion last year following a $275 million fundraising. Cybereason, a fast-growing cybersecurity company behind major endpoint protection in government and institutions, has reportedly filed for confidential paperwork with United States regulators to go public later this year. According to news outlet Reuters, people familiar with the matter revealed that the Cybereason company is eyeing an IPO that could value it at more than $5 billion. The SoftBank and Alphabet Inc.-backed firm has finalized underwriters for the…