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Blockchain.com Raises $300 Million, Firm’s Post-Money Valuation Now $5.2 Billion

The crypto financial services provider Blockchain.com revealed on Wednesday that the company has raised $300 million in a financing round. Blockchain.com’s latest funding round follows the $120 million raise the company obtained last month. Blockchain.com Is Now Valued at $5.2 Billion On March 24, Blockchain.com CEO Peter Smith announced that the company was pleased to announce a new Series C financing round. The company has raised $300 million from investors and Blockchain.com’s post-money valuation has increased to $5.2 billion. Smith detailed on Wednesday that the funding stemmed from partners such as VY Capital, Yuri Milner’s DST Global, and Lightspeed Venture…

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Crypto Scammers Steal $381 Million in 2020, While Twitter Hackers Direct Funds to Mixers

Cryptocurrency related scams have taken a total of $381 million from victims so far this year. This figure makes crypto scams the largest category of cryptocurrency-related crimes so far in 2020. Chainalysis data still shows current figures are well below those seen in 2019. In 2019, scams accounted for 74% of crypto-related crimes. The current 2020 drop in value of crypto scams is attributed to the absence of a major scam like the Plustoken Ponzi scheme. Crucially, Chainaylsis’ data also shows that the share of cryptocurrency-related crimes to overall crypto activity remains well below 1%.Still, the blockchain analytics firm cautions…

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