Everything web3, crypto, defi, degen
In brief Crypto exchange Bullish took its IPO proceeds in stablecoins. The bulk of its stablecoins are on the Solana blockchain and custodied by Coinbase. The firm accepted Circle’s USDC, PayPal’s PYUSD, Ripple’s RLUSD, among others. Publicly traded crypto exchange Bullish (BLSH) received $1.15 billion in proceeds from its recently completed initial public offering (IPO)…
In brief Cathie Wood’s Ark Invest added 2.5 million shares of Bullish (BLSH) amid the exchange’s IPO on Wednesday. Shares of Bullish tripled in price after hitting the market at $37, but have settled to nearly $75 as of Thursday afternoon. The mark gives Ark Invest nearly $189 million worth of BLSH, as of this…
In brief An indictment was unsealed against former Zero Edge CEO Richard Kim. He allegedly admitted to gambling away the crypto casino firm’s seed round funding. Federal prosecutors say he misappropriated $3.8 million. Federal prosecutors in New York are pursuing fraud charges against the former CEO of a crypto-powered casino, claiming the 39-year-old gambled away…
In brief Crypto exchange Bullish started trading on the New York Stock Exchange Wednesday. At peak, the price of BLSH more than tripled the initial offering price. The company is the latest in the space to have a popular debut on traditional markets. Shares of crypto exchange Bullish more than tripled the offering price Wednesday, signaling…
In brief Cryptocurrency exchange Bullish formally filed for IPO. The exchange aims to raise up to $629 million based on an initial share price of $28-$31. The firm previously sought IPO in 2021, but plans were spoiled due to market conditions in 2022. Cryptocurrency platform Bullish publicly filed its F-1 registration with the SEC on…
Guest blog by Nathaniel Whittemore (NLW)NLW is the host of Coindesk’s The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital and was on the founding team of Change.org The views and opinions expressed in this article are those of the author and do not necessarily represent the views…
2020 proved a wild year for digital asset investors as prices swung from steep lows to all-time highs, but Kraken navigated a steady course and continued to shepherd industry growth. As you prepare for the year ahead (one our VIP clients think will bring no shortage of opportunities), we’d like to revisit our major milestones.…
Kraken CEO Jesse Powell has made it his mission to ease the adoption curve for new cryptocurrency investors and traders – and that vision is having an industry-wide impact. In fact, Coindesk, one of the market’s leading publications, has recognized Jesse by selecting him as one of its “Most Influential” people for 2020. The list,…
A new frontier has opened in the world of cryptocurrency, one where an emerging ecosystem of protocols is promising to reimagine financial services as we know them. Welcome to the world of decentralized finance (DeFi) powered by Ethereum. On Friday, July 31 at 13:00 UTC (9:00 EST), Kraken Editor-At-Large Pete Rizzo will lead an all-star…
January 27, 2020 | News Check out the most important happenings this past week in the world of crypto, brought to you by the experts at Kraken. This digest is prepared for informative purposes only and does not represent an investment recommendation or investment advice. Please see our full disclaimer at the bottom for more…
