Monthly Archives: February 2021

Synthetix announces $12 million raise led by Paradigm, Coinbase Ventures, and IOSG

As the community debates VCs participating in DAOs, Synthetix welcomes three new community members The Synthetix DAO has added some new, perhaps surprising voices to its governance.  Today the synthetic asset protocol announced a $12 million dollar fundraise led by venture capital firms Paradigm, Coinbase Ventures, and IOSG. The funds purchased SNX tokens directly from the DAO treasury, and will be “providing liquidity, engaging in the Synthetix governance process and helping to bring institutional grade participation into the ecosystem,” the announcement reads. “We’re excited about supporting the […]

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Bitcoin goes mainstream as institutions hold 3% of BTC’s circulating supply

The growing appetite of institutional investors means companies now hold more than 460,000 BTC, which is 3% of the total supply in circulation. Institutional investors are rapidly gobbling up Bitcoin, and at the time of writing, nearly 3% of the Bitcoin (BTC) in circulation are locked up in long-term holdings by these investors. Data shows that 24 entities have amassed more than 460,500 BTC, which is equivalent to $22 billion at Bitcoin’s current price. According to Michael Novogratz, this figure excludes the 3 million BTC forever lost, […]

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Elon Musk Could Face SEC Investigation Over Tesla’s Bitcoin Buy, Lawyers Warn

The U.S. Securities and Exchange Commission (SEC) could investigate Elon Musk over Tesla’s $1.5 billion bitcoin purchase, some legal experts have warned, including a former SEC enforcement officer. Given the timing of Tesla’s bitcoin purchase and Musk’s multiple tweets on the subject, some say that the SEC will look into the matter. Elon Musk Could Face an SEC Probe Regulators could probe Tesla CEO Elon Musk over his company’s bitcoin purchase, the Telegraph reported Tuesday. Last week, an SEC filing reveals that Tesla bought a substantial amount […]

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