UK regulator tells unregistered crypto firms to shut down
The Financial Conduct Authority has told unregistered crypto firms to close down and return funds to investors, in line with a schedule laid out by the regulator at the start of 2020. On January 8, the UK watchdog warned that crypto businesses that had not applied to register with the FCA by Decembe...
$2.9 billion: Bitcoin liquidations kick up broader market headwinds
Bitcoin's historic rise came to a halt over the weekend — but the industry's largest trading desks aren't too concerned.  After soaring to all-time highs near $42,000, the price of bitcoin briefly dropped below $31,000 on Monday in a move that market-making executives say was driven by a flurry of l...
Bakkt is going public on the New York Stock Exchange via a SPAC
Crypto firm Bakkt today announced that it is going public on the New York Stock Exchange via a SPAC deal, confirming Bloomberg's report from last week. Bakkt has merged with VPC Impact Acquisition Holdings at a valuation of about $2.1 billion. VPC held its initial public offering in September 2020. ...
Tether is launching on Hermez — an Ethereum Layer 2 scaling solution that uses ZK-Rollups
Stablecoin Tether (USDT) is launching on Hermez Network — an Ethereum Layer 2 scaling solution that uses ZK-Rollups. Sharing the news with The Block on Monday, Hermez said USDT will go live on the network when its mainnet launches in the coming weeks. Hermez is targeting mid-February for the launch,...
Chinese state-owned bank tests digital yuan ATMs in Shenzhen
One of the four largest state-owned banks in China has been testing digital yuan on its ATMs in Shenzhen. According to local news reports on Sunday, the Agricultural Bank of China has rolled out ATMs in selected Shenzhen branches that allow customers to convert their bank savings or cash into digita...
Newsletter
11 1月 2021
3 coins to keep an eye on | Issue #112
Bitcoin closed the week near $38,200, approximately 15.37% above its open after covering a stunning 51% weekly range. Meanwhile, the altcoin marketcap exploded nearly $100 billion, climbing from $259 billion to $352 billion before ending the week near $333 billion. The higher Bitcoin extends, the further a potential cor...
DeFi project offers new way to trade the entire $1 trillion crypto market
A decentralized finance (DeFi) project is gearing up to debut a token that aims to allow users to capture the value of the entire $1 trillion cryptocurrency market.  Led by Ethereum 2.0 developer and Prysmatic Labs founder Preston Van Loon and Joe Sticco, Cryptex is set to launch the mainnet of its ...
When Binance IPO? CZ explains how his firm’s ‘path’ forward is different from that of rival Coinbase
Quick Take The world’s largest crypto exchange Binance doesn’t have IPO plans like rival Coinbase, CEO Changpeng “CZ” Zhao told The Block. Binance wants to take a more crypto-native “path” forward, said Zhao, i.e., expanding the utility of its &#8220...
December was a record volume month for Ethereum options
December of 2020 beat out the previous month’s all-time high for Ethereum options trading volume, according to data compiled by The Block. November generated $1.83 billion worth of options while December had $2.24 billion — a 22.4% increase.  Deribit had 83.4% of the Ethereum options trading volume...
Bitcoin mining difficulty adjusts to a new record high above 20 trillion
Bitcoin's mining difficulty has set a new record high in 2021's first adjustment, public data shows. Bitcoin mining difficulty, which measures the competitiveness of bitcoin miners racing on the network, increased by 10.79% around 15:30 UTC on Saturday to 20.65 trillion – the first time above the 20...

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