It’s one of the worst kept secrets in crypto: The recent rally in Bitcoin came from a massive issuance of tethers.
The Block is looking to raise $1.75 million from investors, according to documents reviewed by Modern Consensus. This follows last year’s raise of $2 million. Should the effort succeed, this second round of fundraising would value the cryptocurrency news and analysis site at $10 million.
Last week’s run-up in Bitcoin prices seemed like it would remain a mystery. Now comes word that China is contemplating a ban on mining and it all starts to make sense.
What a surprise, another fight on crypto Twitter . This time, it’s The Block’s founder and CEO Mike Dudas slugging it out with CoinDesk’s editor in chief Pete Rizzo.