“Web3” used to be an empty industry buzzword that described the next iteration of the internet. In 2022, Web3 is still an annoying buzzword, but at least the blockchain community is trying to assign it real-world utility. This week’s Crypto Biz newsletter features several major funding rounds dedicated to building the Web3 economy. After reading through the stories, you can decide whether we’re actually getting closer to defining Web3. Oh, and remember all the buzz surrounding Special Purpose Acquisition Companies, or SPACs? A crypto-focused SPAC just closed an initial public offering on the Nasdaq, raising $115 million in the process. Framework Ventures allocates half of $400M fund to Web3 gaming Remember DeFi Summer 2020? Well, venture capitalists are gearing up for Web3 Summer 202...
Major software cryptocurrency wallet Exodus has gone public on the digital asset securities firm Securitize Markets following a $75 million crowdfund capital raise. Exodus’ shares started trading on Securitize on Wednesday, allowing investors from all across the United States and international investors from more than 40 countries to trade the Exodus Class A common stock. Trading under the ticker symbol EXOD, the Exodus Class A common stock is digitally represented on the Algorand blockchain via common stock tokens. Tokenized shares in @Exodus_io are now trading on Securitize Markets. Retail investors included! With 24-7 order placement, 8am-8pm ET trading hours, near-instant deposits and promotional $0 fee trading, get started here: https://t.co/h55WEoAQMr pic.twitter.com/JasA5C7Qbx — Sec...
Bitcoin (BTC) seems to be on everyone’s mind lately as the world recently witnessed the price of BTC take a rather unexpected bearish turn this month. On January 21, 2022, Bitcoin reached six-month lows, sinking below $40,000 for the first time in months. While some panicked, other industry experts pointed out that the Bitcoin network has become verifiably stronger than ever before. The growth of the Bitcoin network has become apparent, as hash rate figures for BTC continue to set new highs this month. For example, on Jan. 22, the BTC network recorded an all-time high of 26.643 trillion with an average hash rate of 190.71 exahash per second (EH/s). The hash rate will continue to grow, which is a good thing Samir Tabar, chief strategy officer at Bit Digital — a publicly listed Bitcoin...
Five more suspected killers of Mrs Funke Olakunri, 58-year-old daughter of the national leader of Afenifere, Pa Reuben Fasoranti, have been arrested by the police. Recall that the deceased was gruesomely murdered in July, 12, 2019 by suspected kidnappers along the Ore-Lagos highway. The suspects include Lawal Mazaje, 40, from Felele, Kogi State; Adamu Adamu, 50, from Jada in Adamawa State; Mohammed Usman, 26, from Illela, Sokoto State and Auwal Abubakar, 25, from Shinkafi, Zamfara State. Four suspects had earlier been arrested by the police, in connection with the murder case and had been arraigned before the court . They include Muhammed Shehu, 26, Mazaje Lawal, 40, Adamu Adamu, 60 and Awalu Abubakar, 25. They were arraigned on three count charge of conspiracy to kill, murder and kidnappi...
Vivendi could earn about 9 billion euros ($10.9 billion) from the IPO, if it maintains majority ownership by unloading just just under 30% of UMG at the same 30 billion euros ($36.3 billion) valuation used last year when it sold a 20% stake to a consortium led by Chinese tech giant Tencent Corp. At that head-turning 36-times EBTIDA valuation, a multiple often seen in fast-growing tech companies, Tencent “made people take a step back and look at the valuations of music companies,” says Michael Poster, the head of Michelman & Robinson’s corporate and securities department. That’s not an unreasonable valuation: a rapidly-growing streaming market, believed by Goldman Sachs to reach 1.15 billion subscribers...