Blockstream announced Wednesday that it bought $25 million worth of WhatsMiner Bitcoin mining equipment from MicroBT, a Shenzhen-based hardware manufacturer.  “We’ve been extensively testing mining hardware since the launch of our mining hosting service in 2017, and right now, we’re confident saying...
Central banks are taking their time when it comes to issuing digital currencies -- but the results of a new survey from the Bank of International Settlements suggest they're taking a keen interest in stablecoins. The survey, published Wednesday, comes just over a year after the last major BIS study ...
ParaState — a project that offers Ethereum developers access to the Polkadot blockchain — has raised $1.3 million in a seed fundraising round, the firm told The Block.  Led by CMS Trading, the funding round included participation from Kenetic Capital, FBG Capital, and JRR Capital, according to a pre...
Popular online forum site Reddit is partnering with the Ethereum Foundation, according to an announcement made Wednesday. In a post penned by Reddit admin jarins on the r/Ethereum subreddit, the partnership signifies how Reddit "will be increasing our commitment to blockchain, accelerating scaling a...
Henyep Group, a Hong Kong-headquartered wealth manager, is expanding its traditional private wealth offerings into the crypto space. The group, founded in Hong Kong during the 1970s, has formed a new subsidiary called Q9 Capital, which officially launched crypto prime brokerage-like services last we...
This research report is part of a new series produced by The Block Research to provide insights and due diligence on some of the leading companies in the digital asset ecosystem. This debut Company Intelligence report on BlockFi is free to read. Information included in this work comes from previous ...
The Ethereum Foundation announced Wednesday that its annual conference, Devcon, won't take place in August 2021 as scheduled before. The new timing is yet to be determined, but the foundation said it would take "a bit longer" than August. The COVID-19 pandemic situation has forced the foundation to ...
Crypto exchange FTX has listed the viral GameStop (GME) stock for tokenized spot and futures trading. Within a few hours of listing, FTX's GME spot volume is around $141,000, while the GME futures volume is about $1.3 million. GameStop is a video game retailer listed on the New York Stock Exchange. ...
A new class-action lawsuit has been filed against Ripple, its CEO Brad Garlinghouse and its subsidiary XRP II, LLC. Filed in the Middle District Court of Florida on Monday, the case alleges that the defendants sold "millions of dollars (or more)" of XRP without registering it either with federal or ...
A decentralized finance project's senior counsel is headed to the halls of the U.S.'s commodities regulator. Jason Somensatto of 0x tweeted today he'd be joining the Commodity Futures Trading Commission (CFTC) as a policy and tech specialist. Somensatto will be joining the CFTC's fintech innovation ...

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