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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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Collapsed crypto firm Ziglu faces $2.7M deficit amid special administration

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Collapsed crypto firm Ziglu faces .7M deficit amid special administration

Collapsed crypto firm Ziglu faces .7M deficit amid special administration

Thousands of savers face potential losses after a $2.7 million shortfall was discovered at Ziglu, a British crypto fintech that entered special administration.

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Politics

Heidi Alexander says ‘fairness’ will be government’s ‘guiding principle’ when it comes to taxes at next budget

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Heidi Alexander says 'fairness' will be government's 'guiding principle' when it comes to taxes at next budget

Another hint that tax rises are coming in this autumn’s budget has been given by a senior minister.

Speaking to Sunday Morning with Trevor Phillips, Transport Secretary Heidi Alexander was asked if Sir Keir Starmer and the rest of the cabinet had discussed hiking taxes in the wake of the government’s failed welfare reforms, which were shot down by their own MPs.

Trevor Phillips asked specifically if tax rises were discussed among the cabinet last week – including on an away day on Friday.

Politics Hub: Catch up on the latest

Tax increases were not discussed “directly”, Ms Alexander said, but ministers were “cognisant” of the challenges facing them.

Asked what this means, Ms Alexander added: “I think your viewers would be surprised if we didn’t recognise that at the budget, the chancellor will need to look at the OBR forecast that is given to her and will make decisions in line with the fiscal rules that she has set out.

“We made a commitment in our manifesto not to be putting up taxes on people on modest incomes, working people. We have stuck to that.”

Ms Alexander said she wouldn’t comment directly on taxes and the budget at this point, adding: “So, the chancellor will set her budget. I’m not going to sit in a TV studio today and speculate on what the contents of that budget might be.

“When it comes to taxation, fairness is going to be our guiding principle.”

Read more:
Reeves won’t rule out tax rises

What is a wealth tax and how would it work?

👉Listen to Politics at Sam and Anne’s on your podcast app👈      

Afterwards, shadow home secretary Chris Philp told Phillips: “That sounds to me like a barely disguised reference to tax rises coming in the autumn.”

He then went on to repeat the Conservative attack lines that Labour are “crashing the economy”.

Please use Chrome browser for a more accessible video player

Chris Philp also criticsed the government’s migration deal with France

Mr Philp then attacked the prime minister as “weak” for being unable to get his welfare reforms through the Commons.

Discussions about potential tax rises have come to the fore after the government had to gut its welfare reforms.

Sir Keir had wanted to change Personal Independence Payments (PIP), but a large Labour rebellion forced him to axe the changes.

With the savings from these proposed changes – around £5bn – already worked into the government’s sums, they will now need to find the money somewhere else.

The general belief is that this will take the form of tax rises, rather than spending cuts, with more money needed for military spending commitments, as well as other areas of priority for the government, such as the NHS.

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UK

Heidi Alexander says ‘fairness’ will be government’s ‘guiding principle’ when it comes to taxes at next budget

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Heidi Alexander says 'fairness' will be government's 'guiding principle' when it comes to taxes at next budget

Another hint that tax rises are coming in this autumn’s budget has been given by a senior minister.

Speaking to Sunday Morning with Trevor Phillips, Transport Secretary Heidi Alexander was asked if Sir Keir Starmer and the rest of the cabinet had discussed hiking taxes in the wake of the government’s failed welfare reforms, which were shot down by their own MPs.

Trevor Phillips asked specifically if tax rises were discussed among the cabinet last week – including on an away day on Friday.

Politics Hub: Catch up on the latest

Tax increases were not discussed “directly”, Ms Alexander said, but ministers were “cognisant” of the challenges facing them.

Asked what this means, Ms Alexander added: “I think your viewers would be surprised if we didn’t recognise that at the budget, the chancellor will need to look at the OBR forecast that is given to her and will make decisions in line with the fiscal rules that she has set out.

“We made a commitment in our manifesto not to be putting up taxes on people on modest incomes, working people. We have stuck to that.”

Ms Alexander said she wouldn’t comment directly on taxes and the budget at this point, adding: “So, the chancellor will set her budget. I’m not going to sit in a TV studio today and speculate on what the contents of that budget might be.

“When it comes to taxation, fairness is going to be our guiding principle.”

Read more:
Reeves won’t rule out tax rises

What is a wealth tax and how would it work?

👉Listen to Politics at Sam and Anne’s on your podcast app👈      

Afterwards, shadow home secretary Chris Philp told Phillips: “That sounds to me like a barely disguised reference to tax rises coming in the autumn.”

He then went on to repeat the Conservative attack lines that Labour are “crashing the economy”.

Please use Chrome browser for a more accessible video player

Chris Philp also criticsed the government’s migration deal with France

Mr Philp then attacked the prime minister as “weak” for being unable to get his welfare reforms through the Commons.

Discussions about potential tax rises have come to the fore after the government had to gut its welfare reforms.

Sir Keir had wanted to change Personal Independence Payments (PIP), but a large Labour rebellion forced him to axe the changes.

With the savings from these proposed changes – around £5bn – already worked into the government’s sums, they will now need to find the money somewhere else.

The general belief is that this will take the form of tax rises, rather than spending cuts, with more money needed for military spending commitments, as well as other areas of priority for the government, such as the NHS.

Continue Reading

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