PitchBook Report: Web3 VC Funding Totaled $1.9B in Q4 2023, Signaling End of Crypto Winter
Crypto exchanges Swan Bitcoin and Blockchain.com led in fundraising in Q4 2023 with about $165 million and $100 million respectively.
Crypto exchanges Swan Bitcoin and Blockchain.com led in fundraising in Q4 2023 with about $165 million and $100 million respectively.
A number of reputable investors participated in the Series E funding round, among them there were Lakestar, Lightspeed Venture Partners, Coinbase Ventures, and Baillie Gifford.
The new MPI license makes it possible for Blockchain.com to offer regulated digital payment token services to institutions and accredited investors.
Top crypto companies rank amongst the largest Fintech companies in America despite market challenges.
Citing the strong deterioration in the macroeconomic data, Blockchain.com decided to shutdown BACM that served institutional players.
Blockchain.com has, however, disputed the claims by the CoinFLEX exchange, citing that there are no documentations or on-chain data to support the argument.
Galaxy Digital has been amassing losses before announcing its global workforce layoffs.
Founded in 2011, Blockchain.com has grown to over 80 million users globally, with over $1 trillion in crypto transactions.
With its offices in London, Blockchain.com presently possesses money transmitter licenses in the bulk of the states in the US and has persistently worked on receiving more registrations within the country.
Apart from cutting its workforce, Blockchain.com is also lowering its institutional lending operations.