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Blockchain.com May Raise Money at Significant Discount to Previous Valuation: Bloomberg
The company was valued at $14 billion in a funding round earlier this year, but may only fetch $3 billion to $4 billion, the publication reported.
By Nick Baker
Updated May 9, 2023, 4:00 a.m. Published Oct 26, 2022, 9:58 p.m.
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Blockchain.com, the cryptocurrency financial-services company that was valued at $14 billion when raising capital early this year, might only fetch $3 billion to $4 billion in a new funding round, Bloomberg reported, citing sources it didn't identify.
Nothing has been locked down and talks to raise money are still preliminary, Bloomberg said.
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From Wall Street to Web3: This is crypto’s year of integration, Silicon Valley Bank says
From bank-led stablecoins to tokenized T-bills and AI-powered wallets, digital assets will move from pilot projects to financial plumbing this year.
Ano ang dapat malaman:
- Silicon Valley Bank's Anthony Vassallo says institutional adoption of crypto is accelerating, pushing bigger venture capital checks, more bank-led custody and lending, and deeper M&A consolidation.
- Stablecoins are emerging as the “internet’s dollar,” fueled by clearer regulation and enterprise demand for payments and settlement.
- Tokenized real-world assets and AI-driven crypto applications are shifting blockchain from speculation to core infrastructure, the bank said.
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