Search results for Blockworks
Crypto
SEC draws over 100 comments on proposed crypto rules as airdrop provisions come under scrutiny
The U.S. Securities and Exchange Commission has received more than 100 comment letters on its proposed crypto rules and will keep accepting feedback after the deadline. The proposal would create exemptions for crypto fundraising, including a startup exemption up to $5 million over four years and a fundraising exemption up to $75 million over 12 months, and includes a safe harbor for when tokens stop being tied to investment contracts. Comments focus on airdrops, safe-harbor design, disclosure standards and an innovation exemption for on-chain trading of tokenized stocks.
Crypto
Blockchain data startup Allium raises $40 million
Blockchain data startup Allium raised $40 million in a Series B round led by Amplify Partners. Kleiner Perkins and Sequoia Ventures also participated, lifting Allium\'s total funding to about $61.5 million. The company collects, refines and standardises on-chain data across more than 150 blockchains and makes it available for queries by financial institutions, developers and analytics platforms. It counts Visa, Stripe, Coinbase and a16z Crypto as customers.
Crypto
Blockworks acquires Messari, expands crypto data integration
Blockworks has acquired crypto research and analytics firm Messari for more than $10 million, Cointelegraph reported on June 12. The deal is expected to expand Blockworks\' cryptocurrency data and research business. Messari raised $35 million in a 2022 Series B round and was valued at about $300 million at the time. The Wall Street Journal said the lower price reflects sluggish performance at Messari and broader weakness across the crypto industry.
