Bitcoin
Bitcoin (BTC)
$84,642.00 -0.06482
Bitcoin price
Ethereum
Ethereum (ETH)
$1,589.75 -0.39342
Ethereum price
BNB
BNB (BNB)
$591.62 0.87529
BNB price
Solana
Solana (SOL)
$134.20 0.60648
Solana price
XRP
XRP (XRP)
$2.08 -1.29435
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.000012 1.0799
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000071 -2.2709
Pepe price
Bonk
Bonk (BONK)
$0.000012 0.19077
Bonk price
dogwifhat
dogwifhat (WIF)
$0.401303 6.37257
dogwifhat price
Popcat
Popcat (POPCAT)
$0.238738 -3.83546
Popcat price
Bitcoin
Bitcoin (BTC)
$84,642.00 -0.06482
Bitcoin price
Ethereum
Ethereum (ETH)
$1,589.75 -0.39342
Ethereum price
BNB
BNB (BNB)
$591.62 0.87529
BNB price
Solana
Solana (SOL)
$134.20 0.60648
Solana price
XRP
XRP (XRP)
$2.08 -1.29435
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.000012 1.0799
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000071 -2.2709
Pepe price
Bonk
Bonk (BONK)
$0.000012 0.19077
Bonk price
dogwifhat
dogwifhat (WIF)
$0.401303 6.37257
dogwifhat price
Popcat
Popcat (POPCAT)
$0.238738 -3.83546
Popcat price
Bitcoin
Bitcoin (BTC)
$84,642.00 -0.06482
Bitcoin price
Ethereum
Ethereum (ETH)
$1,589.75 -0.39342
Ethereum price
BNB
BNB (BNB)
$591.62 0.87529
BNB price
Solana
Solana (SOL)
$134.20 0.60648
Solana price
XRP
XRP (XRP)
$2.08 -1.29435
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.000012 1.0799
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000071 -2.2709
Pepe price
Bonk
Bonk (BONK)
$0.000012 0.19077
Bonk price
dogwifhat
dogwifhat (WIF)
$0.401303 6.37257
dogwifhat price
Popcat
Popcat (POPCAT)
$0.238738 -3.83546
Popcat price
Bitcoin
Bitcoin (BTC)
$84,642.00 -0.06482
Bitcoin price
Ethereum
Ethereum (ETH)
$1,589.75 -0.39342
Ethereum price
BNB
BNB (BNB)
$591.62 0.87529
BNB price
Solana
Solana (SOL)
$134.20 0.60648
Solana price
XRP
XRP (XRP)
$2.08 -1.29435
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.000012 1.0799
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000071 -2.2709
Pepe price
Bonk
Bonk (BONK)
$0.000012 0.19077
Bonk price
dogwifhat
dogwifhat (WIF)
$0.401303 6.37257
dogwifhat price
Popcat
Popcat (POPCAT)
$0.238738 -3.83546
Popcat price

Crypto media The Block sells $70m majority stake to Foresight Ventures

Yana Khlebnikova
Edited by
News
Crypto media The Block sells $70m majority stake to Foresight Ventures

Crypto media firm The Block sold a majority stake to Foresight Ventures in a deal, valuing it at $70 million.

Most capital is used to buy out former CEO Mike McCaffrey’s stake. He resigned after the news that he secretly accepted millions from former FTX CEO Sam Bankman-Fried.

CEO of The Block, Larry Cermak, confirmed the deal on X (formerly Twitter). He added that he will stay CEO, and nothing else is impacted. Cermak noted that running the company and getting it to a more sustainable state while working at this deal was very difficult.

Foresight CEO Forest Bai will become chairman of The Block. Partner Tony Cheng will also take a seat on the board of directors, according to Axios. That gives Foresight two of the four spots.

Foresight currently owns minority stakes in three other crypto media organizations in Asia: Chinese sites BlockTempo and Foresight News, and Korean-language site CoinNess.

Coindesk also might be sold

In August, cryptocurrency media platform CoinDesk cut 45% of its editorial staff as its parent company Digital Currency Group (DCG) plans to sell the project.

Before this, the media reported about the impending sale of CoinDesk at a valuation of $125m. A group of investors, led by Matthew Rojak of Tally Capital and Peter Wessenes of Capital 6, is in the final stages of negotiations.

Read more about

Rexas Finance Presale

  • RWA Ecosystem
  • Certik Audited
  • Raised Above $35,000,000
  • 40,000+ Holders
  • 100,000+ Community