Business

Crypto business news from Blockworks - hiring updates, funding announcements, blockchain industry news and everything you need to be a crypto insider.

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Elsewhere, a former Disney gaming lead goes Web3 and OKX executives depart

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While crypto fundraising remains well off its bull market highs, Q1 data shows capital is returning to the space

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Binance is making moves, from receiving a new license in Dubai to switching its SAFU fund to USDC

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Marathon Digital and Riot Platforms each have more than $1 billion in cash and BTC to deploy, while CleanSpark has said it could be “one of the most aggressive acquirers”

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The firm raised the funds for the American Dynamism, Apps, Games, Infrastructure and Growth ventures, a post said

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New crypto ads target viewers of the NBA and NHL playoffs as the new BTC supply is set to slow

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Elsewhere, rank-and-file employees move around and Binance’s head of legal in Europe departs

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Plus, a Dragonfly partner shares his view on the crypto VC market, and a mining hardware firm raises $80 million

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The “fastest-growing ETF in history” has seen net inflows on every trading day since its Jan. 11 launch

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Pre-seed Bitcoin startup deals rose 360% in 2023, a TVP report shows

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Monad is set to go to mainnet by the end of 2024

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Denmark-based Northstake looks to use Dubai as “a strategic base” to survey expansion options

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Bitcoin layer-2 solutions continue to proliferate

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Plus, a van Eck releases a stablecoin and Paradigm looks to raise another megafund

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Elsewhere, Binance appoints new board members and a highly-funded startup is hiring

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Google says that the scheme has 87 apps and impacted 100,000 users

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Paradigm is taking advantage of the bull market to raise a new fund, Bloomberg reported

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One of the new independent board members will serve as chairman of the board, according to Binance’s website

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CEO Asher Genoot said Hut 8 is looking at ways to boost its presence in the high-performance computing and AI realms

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Elsewhere, Bitfarms is hiring a new CEO and Tether is staffing an AI division

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Plus, Web3 gaming saw a slew of investments and an AI agent platform announced a round

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Public mining companies have been acquiring sites, refreshing machine fleets and diversifying business models in preparation for the event

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Bitcoin has “a whole new set of salespeople” after the ETF approvals, Galaxy Digital’s CEO says — though “the rest of crypto is still a regulatory tug of war”

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The AI job postings come after a $600 million AI infrastructure investment Tether made in the fall

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