Blockbeat

Get your daily update on all things crypto, blockchain and DeFi with City A.M's Blockbeat from Kaitlin Argeaux

Funding round takes Chainalysis value up to $8.6 billion

May 13, 2022

Blockchain data platform Chainalysis has completed a $170 million Series F financing round, bringing its valuation to $8.6 billion.
Optimism returns to crypto markets as the day is greeted by big green candles everywhere

May 13, 2022

The doom and gloom is still in the markets, but optimism abounds as almost every cryptocurrency turned green today.
Crypto crash: Gains wiped out as host of coins collapse

May 12, 2022

The prices of Bitcoin, Ethereum and other cryptocurrencies plummeted to 16-month lows yesterday in a major crash that wiped out the gains made during the past year’s bull market. The past week has seen the price of Bitcoin drop by more than a fifth and the price of Ethereum drop by more than a quarter, [...]
Tingo and MICT agree to merge

May 12, 2022

African agri-fintech company Tingo and financial services provider MICT have executed a definitive merger agreement to consolidate both operations across the African and Asian markets.
Binance appoints world-renowned cybercrime expert to security team

May 12, 2022

Cryptocurrency exchange Binance has recruited Jarek Jakubcek as its Head of Intelligence and Investigations for Asia-Pacific.
Coinbase attempts to ease user concerns over bankruptcy alarm

May 12, 2022

Coinbase is attempting to ease customer nerves following claims users would lose all their money if the platform went bankrupt.
El Salvador massively buys the dip, expect more ‘concerns’ from IMF

May 12, 2022

Nigel Green expects "more low-key hysteria" from the International Monetary Fund, which has been highly critical of El Salvador’s pioneering approach to trying to boost their own economy through innovative financial solutions.
Bitcoin hits 16-month low amid trouble at Terra

May 12, 2022

Bitcoin is currently changing hands for around $27k - a 15 per cent drop over the past 24 hours and 32 per cent over the past week.
Lloyd’s of London licensed broker launches crypto insurance product

May 11, 2022

A Lloyd's licensed insurance broker has launched a dedicated crypto product to shore up legal protections for digital asset firms.
London-based Fasanara Capital launches $350m crypto VC fund

May 11, 2022

London-based asset manager Fasanara Capital is betting big on crypto with the launch of a $350m (£283m) dedicated fund.