ConsenSys Considering Funding Round With $3B Valuation – October 11

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $56,501

Bitcoin price has rallied back to the $56,000 level to begin the week, following some sideways price action over the weekend.

Top-20 altcoins have had mixed results over the last 24 hours, as Ethereum gains 1%, Cardano drops 1% and Shiba Inu gains 14%.

Top Stories for October 11, 2021 πŸ”₯

πŸ‘‰ ConsenSys Considering Funding Round With $3B Valuation

Ethereum-focused blockchain company, ConsenSys, is currently in talks for a funding round that would place the firm’s valuation at $3 billion.

The funding round would seek $250 million in capital, with sources claiming Golden Tree Asset Management and Arca would likely be contributing to the raise.

ConsenSys is best-known for developing Metamask, the popular web 3 cryptocurrency wallet.

πŸ‘‰ Bitmain To Suspend Shipping Of Miners To China

Prominent Bitcoin miner manufacturer Bitmain has announced that it will no longer be shipping its products to Chinese addresses.

The move comes as the company attempts to conform more closely to local regulations surrounding cryptocurrency trading. Bitmain sales within China accounted for more than 40% of their revenue for 2017-2018.

πŸ‘‰ Soccer Star Mesut Ozil To Launch Own Cryptocurrency

Former Arsenal star Mesut Ozil plans to launch his own cryptocurrency this week, for his M10Streetwear clothing brand.

Fans who purchase the cryptocurrency will be able to obtain discounts on Ozil’s clothing items and get a chance to meet Ozil himself.