Fireblocks, a platform that allows banks and other financial institutions to store, move and issue cryptocurrencies, said on Tuesday it raised $310 million in fresh capital from investors, boosting its valuation to $2 billion. The funding round was co-led by investment firms such as Sequoia Capital, Stripes, Spark Capital, Coatue, DRW Venture capital and SCB 10X, the venture arm of Thailand's Siam Commercial Bank. All six entities confirmed their participation in Fireblocks' capital raise.
Stocks declined Tuesday on the heels of another record-setting session, with investors looking ahead to the start of earnings results from mega-cap technology companies on Tuesday. Concerns over the spread of the Delta variant and a regulatory crackdown in China also lingered.
Facebook is taking new steps to limit advertisers’ ability to reach teens with targeted ads.