Chainalysis valued at £3.6 billion after series E funding

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The blockchain analytics and intelligence firm, Chainalysis, has raised $100 million (£72m) after its fifth round of funding, bringing its total valuation to $4.2 billion (£3.6bn).

Funding was led by investment management company Coatue, with further funds being provided by Benchmark, Accel, Addition, Dragoneer, Sequoia Heritage and SVB Capital.

This latest round of funding follows on from a successful series D round back in March 2021 in which Chainalysis raised $100m...

£8.6 billion investment gap in blockchain and AI is holding back the EU

A pile of 100 Euro notes.

The European Union (EU) needs to invest €10 billion (£8.6 billion) more each year in order to stay in the global artificial intelligence and blockchain race.

This was the stark warning from the European Investment Bank (EIB) and European Commission in its latest new study on the state of play in AI and blockchain technologies in the EU - ‘Artificial intelligence, blockchain and the future of Europe: How disruptive technologies create opportunities for a green and digital...

Guggenheim co-founder backing New York-based blockchain tower

Manhattan skyline.

Todd Morley, a co-founder of global investment firm Guggenheim Partners, has thrown his financial backing behind a new blockchain tower in midtown Manhattan, New York.

A wireless network that improves access to digital ledgers (a set of technologies that underpin digital currencies) will be incorporated into the building at 111 West 57th Street.

The skyscraper will also include a museum for non-fungible tokens (NFTs), units of data that certify a digital asset to be...

Generation Z: How post-millennial young people are engaging with blockchain

Feature In 2019, Gen Z surpassed millennials and baby boomers to become the largest generation in the world, making up a third of the global population. This demographic dominance alone makes those born between 1995 and 2010 an important consideration for cryptocurrency markets and blockchain tech firms. What’s more, Gen Z’s comfort with and strong preference for digitised transactions makes them an even more important demographic in these growing markets. 

A...

Charles Hoskinson, Founder, Cardano: On restoring trust through decentralisation

The Block spoke with Cardano founder Charles Hoskinson about the blockchain industry and restoring trust through decentralisation ahead of the platform’s upcoming launch of smart contracts.

Hoskinson co-founded the current decentralised app platform leader, Ethereum, but left the project following a dispute about accepting venture capital and the need for a more formal governing structure. He went on to found Cardano in 2015 and became the CEO of the project’s main developer,...

Featured: The Block’s list of innovative blockchain companies to look out for in 2021

Feature 2021 is going to be an exciting year for blockchain technologies. The launch of Ethereum 2.0, the ongoing volatility of Bitcoin and the intriguing use cases arising from DeFi will continue apace, while enterprise opportunities, from finance, to energy and sustainability, to the wider supply chain, remain.

The Block has selected seven companies to feature for 2021. Read their stories below:

Butterfly Protocol

Butterfly Protocol's goal is to provide a...

Cardano is ‘building bridges’ to Ethereum with new KEVM testnet

Cardano is launching a new KEVM (K Ethereum Virtual Machine) to build a bridge with the leading smart contract platform’s developers.

Charles Hoskinson, Founder of Cardano and CEO of IOHK, was a co-founder of Ethereum. 

Disagreements over Ethereum’s direction led Hoskinson to create Cardano, taking a more academic approach to its development and fixing the notorious problems which have plagued the largest smart contract platform.

Cardano launched after...

Lisa Butters, GM, GoDirect Trade: How Honeywell is banking on blockchain for aerospace

It may be a surprise to learn - given the data-driven world in which we now live - how much the aerospace industry doesn't know about its planes. Much of the information around a plane's history and condition are on multiple systems, including paper-based ones, making transparency and traceability difficult.

A PwC report outlines the rationale. "The data showing a plane's history and condition are spread across up to 40 systems, in the hands of multiple parties who may be...

Rolls Royce, ING Bank and AB InBev join Blockchain Education Alliance

Rolls Royce, ING Bank, AB InBev, and trading platform Multi.io are the latest members to join the Blockchain Education Alliance, arbiter MouseBelt has announced.

The alliance, which was launched last year aimed at grouping industry leaders around blockchain education and research, already counts Mastercard, Binance X and Ripple's Xpring among its members.

As this publication put it in February on the latter's arrival, members of the alliance 'work jointly to provide...

Volvo doubles down on blockchain play with Circulor investment

Volvo has announced an investment in Circulor, a blockchain technology provider, as the company looks to further its ambitions in the sector.

The investment in Circulor is focused on providing greater traceability for cobalt in Volvo's supply chain, with Volvo Cars Tech Fund, the venture capital arm of the automotive manufacturer, contributing alongside SYSTEMIQ, Total Carbon Neutrality Ventures and Plug & Play.

Cobalt is used significantly in lithium ion batteries,...