After a denial last month, a federal court in the Northern District of California has authorized the Internal Revenue Service (IRS) to serve an information request to Kraken. The IRS will serve the crypto exchange with a John Doe summons, which requests user information to identify crypto holding ta...
Square hauled in $3.51 billion in bitcoin revenue during 2021's first quarter, according to Thursday's earnings release. That resulted in $75 million in gross profits during the same period. On a broader scale, Square said it made $964 million in gross profits for the period, meaning that the gross ...
Goldman Sachs has moved to offer derivatives products tied to the price of bitcoin to its clients, according to Bloomberg. The derivatives in question are non-deliverable forwards, which are contracts between two parties that agree to settle at a certain date the difference between the spot price an...
Sotheby's is hosting its second non-fungible token (NFT) sale, the major luxury auction house announced Thursday.  The curated NFT sale, titled "Natively Digital," will feature work from several prominent artists, including the first-ever, minted NFT "Quantum" by Kevin McCoy, "Alien," a CryptoPunk c...
Gary Gensler, the newly-named chairman of the Securities and Exchange Commission, is asking Congress to make some key decisions around crypto regulation.  While testifying during a May 6 hearing of the House Financial Services Committee on market volatility surrounding GameStop and other meme-ified ...
Burnt Finance, a Solana-based non-fungible token (NFT) minting and auction protocol, has raised $3 million in a seed funding round. The funding was secured via a private token sale round, Burnt Banksy, the pseudonymous founder of the project, told The Block. The round was led by Alameda Research, wi...
Quick Take Revolut had to get partners comfortable before rolling out new crypto capabilities. In addition to working with Fireblocks, the digital bank has partnered with crypto analytics startup Elliptic. It is now looking ahead to adding more tokens and allowing crypto customers to ...
MercadoLibre, the Latin American e-commerce and fintech company, said in a Wednesday regulatory filing that it now holds bitcoin on its balance sheet. Per a press statement announcing its first-quarter results for 2021, the firm said that "[a]s part of our treasury strategy this quarter we purchased...
The Tether (USDT) stablecoin's adjusted on-chain volume has surpassed the $1 trillion mark on a yearly basis for the first time, according to data compiled by The Block Research. As of April 30, USDT had an adjusted on-chain volume of $1.01 trillion, i.e., a 64% market share of the total stablecoin ...
UPDATE (5/5 2:40 p.m. ET): The Uniswap team has officially announced the launch of v3. "We’re thrilled to announce that Uniswap v3 has been deployed to the Ethereum mainnet! All relevant contract addresses can be found here," the team said in a blog post. A migration guide for v3 had previously been...

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