Bitcoin was trading nearly 4.2% higher on Thursday morning.
The price was around $43,965 per coin, while rivals Ethereum and Dogecoin traded around $3,115 6% and 22.3 cents 6% in cryptocurrency, according to Coindesk.
Dapper Labs closed a $250 million development campaign, the company behind NBA Top Shot and the Flow Blockchain told participants on Wednesday.
Coatue led the raise, according to Coindesk, which also included Andreessen Horowitz, Google's GV and Version One Ventures. According to a source familiar with the transaction, Dapper Labs had received a valuation of $7.6 billion.
We ve proved the concept, which is why our investors are so eager to partner with us,” Roham Gharegozlou, CEO of Dapper Labs, told CoinDesk.
In other cryptocurrency news, the New Jersey Bureau of Securities NJ BOS has once again postponed the date when it will enforce a ban on creation of BlockFi Interest Accounts BIAs BlockFi announced on Wednesday on Twitter.
The ban was originally supposed to go into effect July 22, but was delayed until Sept. 2 because of the ban on some parts of the country. There was an additional delay to September 30 announced earlier this month. The ban has been postponed again, this time on Dec. 1, following ongoing discussions between the two parties, said BlockFi.
BlockFi said it is in active dialogue with regulators and firmly believes that it will be appropriate for crypto market participants.