Discord, the chat platform popular with gamers and GenZ, is reportedly raising $500 million of new funding at a $15 billion valuation months after acquisition talks with Microsoft fell apart. The company’s new round will be led by Dragoneer and involve existing investors, according to a Bloomberg report citing people familiar with the matter. The pandemic has brought new attention to...
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Why the CFTC’s Binance Lawsuit Is Good News for Coinbase
Privately held crypto exchanges are setting new lows in corporate governance. If you thought the initial bankruptcy filing for Sam Bankman-Fried’s FTX was stunning in what it revealed about how that company was run, check out the Commodity Futures Trading Commissions lawsuit against Binance today. Here’s a business empire controlled by one person, Changpeng Zhao, which has no board of directors...
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