Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Coinbase Ventures has invested in Indian exchange CoinDCX at a $2.45 billion valuation as the US crypto company expands into India and the Middle East, BitMine’s Tom Lee and BitMEX’s Arthur Hayes have doubled down on their $10,000 Ether prediction for the end of the year, and the US Justice Department is moving to forfeit 127,271 Bitcoin, worth about $14.4 billion, tied to a fraud case.
Coinbase Ventures, the investment arm of US-based crypto exchange Coinbase, has invested an undisclosed amount in Indian cryptocurrency platform CoinDCX.
According to a Wednesday Coinbase announcement, the placement was made through the exchange’s investment arm, Coinbase Ventures. CoinDCX co-founder and CEO Sumit Gupta wrote in an X post that the investment took place at a post-money valuation of $2.45 billion.
