New
NFT Collections
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 ...
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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 ...
Quick Take
Large trading desks say DeFi is making a comeback.
The numbers back support that argument: DEX volumes and popular governance coin prices are both trending up.
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subscribers of The Block Daily.
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Pantera Capital—the cryptocurrency fund manager with more than $1 billion in assets — is working on launching a new fund aimed at heavyweight institutional investors.
Pantera already operates a number of funds, including a bitcoin fund and an initial coin offering fund. As The Block reported earlie...
News
26 ene. 2021
Union Square Ventures expects to invest ‘around 30%’ of its new $250m fund in crypto industry
Union Square Ventures is planning to allocate a notable segment of its new fund to the crypto space.
Per a January 26 blog post penned by USV managing partner Andy Weissman, USV raised "a 2021 Core Fund with commitments of $250 million."
The crypto approach is in line with USV's established "thesis...
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26 ene. 2021
Blockchain payment firm Wyre receives $5 million investment from Stellar Development Foundation
Today, the Stellar Development Foundation announced Tuesday that it invested $5 million in Wyre.
The SDF told The Block that the funding effort was a Series B2 funding round, with the foundation leading for $5 million. Draper Associates and Great Oaks Venture Capital invested an additional $2.5 mill...
News
26 ene. 2021
Jihan Wu writes in coded letter that he’s officially stepping down as Bitmain chairman
Bitmain's co-founder Jihan Wu has officially announced that he is stepping down from the bitcoin miner maker giant in an effort to settle down a year-long internal power struggle with rival co-founder Micree Zhan.
In a coded letter dated on Tuesday and decrypted by The Block's Igor Igamberdiev, Wu s...
The Financial Crimes Enforcement Network (FinCEN) has extended the comment period for its recent proposed rule on virtual currency transactions.
The comment period will last 60 days after the extension notice hits the Federal Register, which is planned for Jan. 28.
The proposed rule plans to impose ...
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The Reserve Bank of India (RBI), the country's central bank, has said that it is exploring the need for digital currency.
In a booklet on payment systems published Monday, the RBI said if there is a need for a digital rupee, it will explore how to operationalize it.
"Private digital currencies (PDCs...
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Decentralized derivatives exchange dYdX has raised $10 million in Series B funding.
Announcing the news on Tuesday, dYdX said the round was led by Three Arrows Capital and DeFiance Capital, with participation from Wintermute, GSR, Scalar Capital, and others. Existing investors, including a16z and...
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