Quick Take The spot price premium of bitcoin mining hardware over their preorder prices has likely never been this steep While bitcoin miners’ five-fold premium is in line with bitcoin’s price rally since November, a global chip shortage adds to the ongoing supply and deman...
Non-fungible token (NFT) marketplace SuperRare has raised $9 million in a Series A funding round, the team behind the platform announced Tuesday.  According to the March 30 announcement, the round was led by multi-stage venture capital firm Velvet Sea Ventures and crypto fund 1confirmation, with inv...
Coinbase has hired a big voice from the market structure world to lead its capital markets division ahead of the company's much-anticipated direct listing on Nasdaq.  Former Securities and Exchange Commission (SEC) director Brett Redfearn—who is best known for his contributions to policy proposals w...
After several years of development, Bakkt has opened up its retail app for bitcoin, gift cards, customer loyalty points, and other digital assets, according to a company statement.  “By enabling consumers and merchants to unlock the value of the $1.2+ trillion in digital assets currently held in cry...
The maker of the popular NFT platform NBA Top Shot has raised $305 million in a new funding round. Reports emerged Tuesday morning of the round, led by Coatue Management. The Block reported last month that Dapper Labs was raising a significant funding round led by Coatue, a billion-dollar investment...
HM Revenue & Customs, the United Kingdom’s tax authority, has published fresh guidance on the taxation of cryptocurrencies. The Block revealed on March 26 that the taxman would be rolling out a new “Cryptoassets Manual” this week, consolidating previous guidance and offering a steer on staking a...
Derivatives exchange giant CME Group is launching micro bitcoin futures on May 3, subject to regulatory review. The micro bitcoin futures will be 1/10th the size of one bitcoin and are aimed at providing a cost-effective way to bitcoin exposure. CME already offers bitcoin futures since December 2017...
Tether has released an assurance report delivered by accounting firm Moore Cayman that shows that its stablecoins are fully backed. The report, shared with The Block by Tether on Tuesday, is dated February 28 and has an assurance opinion by Moore Cayman that Tether's consolidated assets exceeded its...
Tether has released an assurance report delivered by accounting firm Moore Cayman that shows that its stablecoins were fully backed as of last month. The report, shared with The Block by Tether on Tuesday, is dated February 28 and has an assurance opinion by Moore Cayman that Tether's consolidated a...
PayPal has started allowing U.S. users to spend their cryptocurrency holdings at millions of online merchants globally, Reuters reported Tuesday. The development means PayPal users who hold bitcoin (BTC), ether (ETH), bitcoin cash (BCH), and litecoin (LTC) in PayPal digital wallets can now convert t...

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