What's happening with blockchain & Web3 in 2024?

May 29-31, 2024 - Austin, Texas The biggest and most established global hub for everything crypto, blockchain and Web3. Register Now Crypto exchange and wallet provider Blockchain.com has closed a $110 million raise, valuing the company at less than half of its previous $14 billion, according to a Bloomberg report.

Why did blockchain com lose its staff in 2022?

Like many crypto companies, Blockchain.com has faced challenges since prices of most tokens tumbled in 2022. The company disclosed major exposure to the collapse of the Three Arrows Capital hedge fund. The exchange also laid off staff. Read More: FTX Fall Changed Crypto With Regulators Rising, VC Deals Falling

Who are the new board members of blockchain?

Blockchain.com is adding two new board members from Kingsway and Lakestar. The Series E strategic financing leaves the company valued at less than half of its $14 billion valuation in the spring of 2022, according to a person familiar with the matter who asked to remain anonymous because the information hasn’t been made public.