• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Thursday, July 10, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

Thiel’s Block.one invests billions into cryptocurrency exchange

by Ayushi Mehta
May 12, 2021
in Crypto, News
Reading Time: 1 min read
0
Bullish
TwitterWhatsappLinkedin

Bullish

You might also like

Groww, Zerodha Lose 2 Million Users in 2025: What’s Going On?

Nikhil Kamath Backs Cafe Amudham: Betting Big on South Indian QSR Boom

Trump Unleashes New Tariffs, Sri Lanka Among Seven Nations Facing 30% US Duties

Block.one is a blockchain software. It has been funded by Billionaires Peter Thiel, Alan Howard and Louis Bacon for a long time now. The software company is planning on launching a crypto currency exchange. The aim of the exchange is to combine different attributes of traditional bourses with the advantages of distributed finance.

The exchange is going to be recognized as ‘Bullish’. It will be capitalized and funded by its parent company- Block.one. The fundings would be in both digital assets and cash. The total amount currently is said to be nearly $10 billion. The start-up contents for Bullish Global includes 164,000 bitcoins that are valued at around $9.7 billion, $100 million in cash and $20 million in EOS tokens, which influences the transactions of Block.one.

Yet another funding round raised some more funds of worth $300 million. The statement was passed by Block.one on May 12, Tuesday, afternoon.

The start-up exchange is currently looking to influence the existing blockchain technology with the distributed architecture of the DeFi which grew in popularity for maximizing the yield-generating strategies.

Bullish Global is said to offer market making to the institutional and retail investors, lending the currency and and portfolio management services without use of arbitrators like banks.

Block.one Chief Executive Officer- Brendan Blumer said- “The exchange is deemed to offer institutions and individuals better and safer access to the latest cryptocurrency investment strategies.”

The announcement also followed Coinbase Global’s first appearance in the previous month on the Nasdaq, which was originally valued as the largest U.S. cryptocurrency exchange at the value of more than $100 billion.

Tags: #CryptoacquisitionArtificial IntelligenceBusinessCrypto exchangecryptocurrencye-commercefinancefundingInternetInvestmentinvestments
Tweet54SendShare15
Previous Post

Flipkart in discussions to raise $1 billion ahead of IPO

Next Post

Space Hotel: The Voyager Station to open in 2027

Ayushi Mehta

Hey! My name is Ayushi Mehta, I'm 19 years old. I am a big time literature and tech enthusiast. A cub Journalist. Thank you for checking out my articles! To connect, email me at- [email protected]

Recommended For You

Groww, Zerodha Lose 2 Million Users in 2025: What’s Going On?

by Ishaan Negi
July 10, 2025
0
Groww, Zerodha Lose 2 Million Users in 2025: What’s Going On?

Even as Indian stock markets soared through the first half of 2025, an unexpected trend emerged: the country’s top four discount brokerages — Groww, Zerodha, Angel One, and...

Read more

Nikhil Kamath Backs Cafe Amudham: Betting Big on South Indian QSR Boom

by Ishaan Negi
July 10, 2025
0
Nikhil Kamath Backs Cafe Amudham: Betting Big on South Indian QSR Boom

Zerodha co-founder and billionaire investor Nikhil Kamath has added another promising brand to his growing portfolio in the food and beverage space — this time, it’s Cafe Amudham,...

Read more

Trump Unleashes New Tariffs, Sri Lanka Among Seven Nations Facing 30% US Duties

by Anochie Esther
July 10, 2025
0
NRIs

US President Donald Trump on Wednesday, July 9, 2025, announced a fresh wave of tariff demand letters, signaling a renewed and assertive push in his administration's trade policy....

Read more
Next Post
The Voyager Station

Space Hotel: The Voyager Station to open in 2027

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?