Crypto news and data provider The Block today said Singapore-based fund Foresight Ventures had completed an acquisition of the majority of its shares, CEO Larry Cermak said in an X post.
The raise was completed at a $70 million valuation and the company plans to “build out new exciting products” and expand into Asia and the Middle East regions, Cermak said.
“Excited to see the company move forward on a stronger ground as we continue to expand our news, research and data offerings,” The Block’s editor in chief Tim Copeland told CoinDesk.
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Most of the capital was used to buy out former CEO Mike
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