The Eastern Caribbean Central Bank (ECCB), located in the country of Saint Christopher (St. Kitts) and Nevis, publicly went live with its central bank digital currency (CBDC) DCash on Wednesday. Countries such as Russia, China, and Japan have been testing a central bank digital currency (CBDC) as pa...
After nearly three years in limbo, crypto trading platform Uphold has garnered approval from the Financial Industry Regulatory Authority (FINRA) for its acquisition of broker-dealer JNK Securities. News of the acquisition was first circulated in June 2018. The approval makes Uphold one of the first ...
Asset management giant BlackRock revealed Wednesday that one of its funds held some bitcoin futures as of the end of January.  Per the March 31 filing, the BlackRock Global Allocation fund held 37 units of CME's March 2021 bitcoin futures, an amount worth approximately $360,000. The filing indicates...
Amid what one might call the proverbial Blinding Lights of Beeple’s historic non-fungible token (NFT) sale and a wave of creatives capitalizing on the burgeoning crypto art space, a new musician is getting Acquainted with the scene.  Grammy Award-winning singer and songwriter The Weeknd is launching...
Blockchain development firm Enjin has raised $18.9 million to build a Polkadot-based blockchain network, especially for non-fungible tokens (NFTs). The network, dubbed Efinity, will have its own token called Efinity Token (EFI), Enjin CTO Witek Radomski told The Block. And the funding has been secur...
Options exchange Deribit has launched a new index product focused on bitcoin volatility. Unveiled Wednesday, the Bitcoin Volatility Index, or DVOL, was debuted "with the purpose to launch futures on this index soon." Put simply, such futures would allow traders to place bets on the volatility perfor...
Goldman Sachs reportedly aims to offer bitcoin and other crypto investment vehicles to private wealth management clients in the second quarter. CNBC reported the news on Wednesday, citing Golman's Mary Rich, who was recently named global head of digital assets for the bank's private wealth managemen...
South African crypto prime broker OVEX has raised $4 million from Alameda Research in a strategic funding round. Sharing the news exclusively with The Block on Wednesday, OVEX said it is looking to expand internationally with fresh capital at hand. OVEX has identified five markets for expansion: the...
Non-custodial crypto investing app provider Ember Fund has raised $5.3 million in a seed funding round. Sharing the news exclusively with The Block on Wednesday, Ember said the round was led by Richard Jun of Bam Ventures, with participation from Anthos Capital, Uncorrelated Ventures, Calm Ventures,...
Crypto wallet startup imToken has raised $30 million in a Series B round led by Chinese venture capital firm Qiming. The firm said in an announcement on Wednesday that it closed the round led by Qiming Venture Partners, which invested in notable Chinese tech firm like Xiaomi, Meitu and Megvii. imTok...

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