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Crypto Media Outlet Blockworks Raises $12M at $135M Valuation
The round was led by private equity firm 10T Holdings.
By Brandy Betz
Updated May 9, 2023, 3:21 p.m. Published May 9, 2023, 3:21 p.m.
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Crypto media outlet Blockworks has raised $12 million in a funding round led by private equity firm 10T Holdings at a $135 million post-money valuation. The capital will be used to help expand the outlet’s research and data analytics offering, Blockworks Research.
“For the past year, we’ve been building Blockworks Research, a powerful investment platform that brings together data, analytics, research, governance, and real-time news,” Blockworks co-founders Jason Yanowitz and Michael Ippolito wrote in an announcement post. “Financial institutions and deeply crypto-native investors rely on Blockworks Research to make better decisions. This investment allows us to double-down on this effort to bring better information to the industry.”
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Framework Ventures and Santiago Santos also participated in the round.
The new investment comes during a particularly difficult time for crypto-focused publications due to the extended bear market and a number of high-profile scandals that have further rocked the industry. The Block revealed in December secret financial ties to Sam Bankman-Fried’s Alameda Research. And CoinDesk's parent company, Digital Currency Group, announced on Tuesday that it is looking to refinance the outstanding obligations owed to its bankrupt lending division Genesis.
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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
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- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
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