Share this article
Blockchain.com Closes $110M Raise: Bloomberg
The exchange's valuation in the $110 million round was less than half of its previous $14 billion valuation, according to the report.
Nov 15, 2023, 5:19 a.m.
Make us preferred on Google
Crypto exchange and wallet provider Blockchain.com has closed a $110 million raise, valuing the company at less than half of its previous $14 billion, according to a Bloomberg report.
The Series E was led by U.K.-based Kingsway Capital with participation from Lakestar, Lightspeed Venture Partners, and Coinbase Ventures.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Neither Kingsway nor Blockchain.com responded to a request for comment from CoinDesk by press time.
In January, the exchange had laid off 28% of its workforce, according to a report.
Last year, Bloomberg reported that Blockchain.com was looking to raise another round at a valuation of $3 billion-$4 billion. However, the exact valuation for the Series E was not confirmed.
Since this time, asset prices have significantly recovered. Bitcoin spent most of October 2022 under $20,000, and now it's trading above $35,000, according to CoinDesk Indices data.
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
World token jumps 27% as Sam Altman reportedly eyes a biometric social network to kill off bots
The WLD token surged after Forbes reported that Sam Altman's OpenAI is planning to use Worldcoin to fight bots online.
What to know:
- World’s WLD token jumped sharply on Wednesday after a Forbes report said Sam Altman’s OpenAI is exploring a biometric social network to combat online bots.
- The report said OpenAI has considered using Apple’s Face ID or World’s iris-scanning Orb device to verify human users, though no formal partnership between OpenAI and World has been confirmed.
- World Network, which has raised $135 million and says it has verified millions of people, is pitching its World ID system as a privacy-focused way to prove personhood online even as it faces regulatory scrutiny in countries such as Kenya and the U.K.
Top Stories
