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Get ready for a revolution. Crypto is on the verge of transforming finance, just like the internet revolutionized information.

Theres a lot of good thats bound to come to the world once we break the walled gardens of finance, said Jason Yanowitz, the co-founder at Blockworks, the media brand thats driving forward the most important conversations in crypto.

In anticipation of crypto becoming the underlying technology of the entire financial market and the largest asset class in the world, Blockworks' team led by Yanowitz and co-founder Michael Ippolito raised $12 million at a $135 million valuation.

See Also: Benzinga's Stock Whisper Index – 5 Tickers Investors Secretly Monitor

This round putsthe company in a stronger position to expand and compete with the likes of Wall Street Journal. Yanowitz explained that, unlike other media companies, his team is not using the money to buy trust; instead, they are using it to build products at the bottom of the funnel.

Yanowitzs unconventional leadership tactics date back to 2017. While visiting Hungary, a region historically plagued by tyranny, he wanted to learn more about self-sovereign money like Bitcoin BTC/USD but could not find good sources.

With aims to mend these information asymmetries, Yanowitz co-founded Blockworks in 2018. The startup initially focused on hosting conferences before moving into digital media. This is opposite to how media companies are traditionally built, Yanowitz explained, noting that the first events they hosted were happy hours for the institutional and crypto crowds.

Eventually, Blockworks launched its Digital Asset Summit, one of the few crypto events where attendees still adhere to formal dress codes.

The podcast network was our first step into digital media, and when the pandemic happened, we realized we needed to double down on the media side of the business to address certain gaps. We added reporters from Bloomberg, CNBC, and the Wall Street Journal to help us create a world-class media company, launching the new media site in 2021.

The newsletter and podcast businesses, as well as partnerships with the likes ofBankless, resulted in Blockworks exponential growth throughout 2021. In anticipation of a broader slowdown heading into 2022, Yanowitzs team began building a platform for professional users. The recent raise, whichincluded participation from 10T, Framework Ventures, and Santiago Santos, is helping accelerate growth while keeping the culture intact, Yanowitz said, noting many new users are likely to come from Asia, where there has been a reverse in regulation and an inflow of capital and investment.

We dont want 100 million people to read Blockworks. We aim to reach a million of the most influential crypto executives and investors globally, Yanowitz said, noting he is willing to sacrifice page views and attendance at conferences to fulfill Blockworks mission.

Good content will win out in the long term," he says. "Were playing a very long-term game.

Now Read: BlackRock Moves Forward With Bitcoin ETF

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Crypto isn’t crashing the American dream; it’s renovating it

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Crypto isn’t crashing the American dream; it’s renovating it

Crypto isn’t crashing the American dream; it’s renovating it

The US housing regulator’s decision to recognize crypto assets in mortgage applications marks a historic shift from exclusion to integration, opening new pathways to homeownership.

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Business

US and EU agree trade deal, says Donald Trump

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US and EU agree trade deal, says Donald Trump

The United States and European Union have agreed a trade deal, says Donald Trump.

The announcement was made as the US president met European Commission chief Ursula von der Leyen at one of his golf resorts in Scotland.

Speaking after talks in Turnberry, Mr Trump said the EU deal was the “biggest deal ever made” and it will be “great for cars”.

The US will impose 15% tariffs on EU goods into America, after Mr Trump had threatened a 30% levy.

He said there will be an EU investment of $600bn in the US, the bloc will buy $750bn in US energy and will also purchase US military equipment.

Mr Trump had earlier said the main sticking point was “fairness”, citing barriers to US exports of cars and agriculture.

He went into the talks demanding fairer trade with the 27-member EU and threatening steep tariffs to achieve that, while insisting the US will not go below 15% import taxes.

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For months, Mr Trump has threatened most of the world with large tariffs in the hope of shrinking major US trade deficits with many key trading partners, including the EU.

Ms von der Leyen said the agreement would include 15% tariffs across the board, saying it would help rebalance trade between the two large trading partners.

In case there was no deal and the US had imposed 30% tariffs from 1 August, the EU has prepared counter-tariffs on €93bn (£81bn) of US goods.

Ahead of their meeting on Sunday, Ms von der Leyen described Mr Trump as a “tough negotiator and dealmaker”.

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US

US and EU agree trade deal, says Donald Trump

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US and EU agree trade deal, says Donald Trump

The United States and European Union have agreed a trade deal, says Donald Trump.

The announcement was made as the US president met European Commission chief Ursula von der Leyen at one of his golf resorts in Scotland.

Speaking after talks in Turnberry, Mr Trump said the EU deal was the “biggest deal ever made” and it will be “great for cars”.

The US will impose 15% tariffs on EU goods into America, after Mr Trump had threatened a 30% levy.

He said there will be an EU investment of $600bn in the US, the bloc will buy $750bn in US energy and will also purchase US military equipment.

Mr Trump had earlier said the main sticking point was “fairness”, citing barriers to US exports of cars and agriculture.

He went into the talks demanding fairer trade with the 27-member EU and threatening steep tariffs to achieve that, while insisting the US will not go below 15% import taxes.

More from World

For months, Mr Trump has threatened most of the world with large tariffs in the hope of shrinking major US trade deficits with many key trading partners, including the EU.

Ms von der Leyen said the agreement would include 15% tariffs across the board, saying it would help rebalance trade between the two large trading partners.

In case there was no deal and the US had imposed 30% tariffs from 1 August, the EU has prepared counter-tariffs on €93bn (£81bn) of US goods.

Ahead of their meeting on Sunday, Ms von der Leyen described Mr Trump as a “tough negotiator and dealmaker”.

Follow the World
Follow the World

Listen to The World with Richard Engel and Yalda Hakim every Wednesday

Tap to follow

This breaking news story is being updated and more details will be published shortly.

Please refresh the page for the latest version.

You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow us on WhatsApp and subscribe to our YouTube channel to keep up with the latest news.

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