? Bitcoin-focused mining company Genesis Digital Assets has raised $431 million in a funding round. The information appeared in a press release from the organization.
The investment round was led by Paradigm. The company also raised funding from NYDIG, Stoneridge, FTX, Ribbit, Electric Capital, Skybridge and Kingsway Capital. The Genesis Digital Assets team is using the funds to ramp up its mining capacity.
? A court has denied the team at California startup Ripple access to documents that contain information about transactions involving bitcoin, Ethereum and the project’s native token, XRP, by Securities and Exchange Commission (SEC) staff. The ruling was published on the regulator’s website.
Access to the documents, Rippple said, would help the developers make their case against the SEC’s attacks on the project. Recall that the Commission accuses the startup of illegally trading securities in the form of XRP. The conflict erupted in late 2020. Recently, it was reported online that the SEC team did not always consider Ripple tokens to be securities.
? New York-based blockchain startup Blockdaemon raised $155 million in a B-series funding round. The information appeared in a press release from the organization.
The startup’s valuation reached $1.26 billion on the back of an investment round led by SoftBank’s Vision Fund 2, a Japanese holding company. Matrix Capital Management, Sapphire Ventures, Morgan Creek Digital, Boldstart Ventures, Goldman Sachs, Greenspring Associates, CoinFund, Kenetic, Kraken Ventures, Borderless Capital and Lerer Hippeau also participated in the funding round.