Fei Labs, the firm behind the Fei Protocol stablecoin, raised 639,000 ETH, roughly $1.27 billion at current prices, in commitments for its Fei Protocol stablecoin on Saturday. The ETH raised will be used as collateral to mint Fei stablecoins. According to Fei Labs, over 17,000 unique addresses parti...
Crypto exchange volumes surpassed $1 trillion in March — the second consecutive month that volumes have reached thirteen figures. According to data compiled by The Block, spot trading volumes for March totaled $1.17 trillion. That’s a 5% decrease from February’s all-time high volume of $1.23 trilli...
FTX has opened up trading of a new derivative contract tied to Robinhood ahead of the trading app's initial public offering.  Robinhood submitted its S-1 to go public at the end of March. FTX CEO Sam Bankman-Fried hinted back in December that the exchange might launch a pre-IPO Robinhood contract. I...
The price of ETH has hit a new all-time high of more than $2,060, according to data from TradingView.  ETH first breached $2,000 in late February. The previous all-time high $2,041, reached on Feb. 20. Since then, it's dipped back below the $2,000 level until now. [caption id="attachment_100350" al...
Crypto hardware wallet provider Ledger has hired a former Apple Music executive to head its non-fungible token (NFT) division. Parker Todd Brooks, former head of dance and electronic artist relations at Apple Music, will oversee and expand Ledger's storage offerings for NFTs. NFTs are digital certif...
The Bank of Thailand will begin testing retail digital currency in the second quarter of next year, assistant governor Vachira Arromdee has said.  Arromdee further said that the retail digital currency could be fully implemented over the next 3-5 years, Reuters reported Friday. "It will not affect t...
Decentralized finance lending protocol Greenwood has raised $2 million in a seed round led by Polychain Capital in its bid of optimize the interest rates for borrowers. The firm announced in a post shared with The Block that other participating investors include Blockchain Capital, Robot Ventures an...
Bitcoin's mining difficulty has posted a moderately large increase to set a new high after months of relatively slower growth. Data shows the network's mining difficulty adjusted to 23.14 Trillion on 2:00 UTC time Friday, constituting a 5.82% jump compared to the record on March 20. The latest adjus...
Quick Take Retail activity in the crypto space appears to be spiking and the latest round of stimulus checks may be an important reason for that. The Block reached out to several crypto firms including Bitstamp, Kraken, Falcon X, and Voyager — all of which reported seeing an increase ...
DUBLIN, Ireland (April 1, 2021) – HIPS Payment Group Ltd., a provider of innovative and cost-effective e-commerce and mobile payment solutions, today announced that their highly anticipated cryptocurrency, Merchant Token (MTO), has launched, alongside their Merchant Protocol (HMP) and the ...

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