Crypto news and information
While first rising to prominence for the actual art, the week of Art Basel Miami Beach has increasingly taken on a tech and web3 vibe, with numerous side events springing up around the city. The post Art Basel, DoodlePutt, Pussy Riot: The Block’s guide for the crazy web3 week ahead in Miami appeared first on The Block.
At Breakpoint last year, Solana Labs announced two funds totalling $250 million. Yet only a small portion has actually been deployed. The post Solana’s flagship gaming and social media funds have been only partially deployed appeared first on The Block.
Binance confirmed its $1 billion recovery fund for businesses affected by FTX, while Genesis and MetaMask caused concerns. The post Here are the top three cryptocurrency stories from last week appeared first on The Block.
Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding The Tron network recently garnered attention from Tron’s unexpected, last-minute deal with FTX to facilitate limited withdrawals in the final days of the exchange Tron’s algorithmic stablecoin USDD has seen heightened volatility amidst market fears of instability at widely trusted crypto institutions At the same time, Tron’s role in the stablecoin ecosystem continues to grow as it becomes the largest source of USDT supply
Bitcoin mining stocks tracked by The Block were mostly down on Friday, November 25. The post Bitcoin mining stock report: Friday, November 25 appeared first on The Block.
The Aragon project swapped $20 million worth of USDC and wrapped bitcoin for ether (ETH) to rebalance its treasury. The post Aragon Project adds $20 million in ether to treasury for safety amid FTX collapse appeared first on The Block.
Buenos Aires-based Ripio received regulatory approval in Florida to start offering its service for institutional investors. The post Argentina’s Ripio sets up shop in Florida in first U.S. move appeared first on The Block.
Genesis Global Capital is being investigated by U.S. state securities regulators, Barron’s reported. It’s part of a “wide-ranging inquiry into the interconnectedness of crypto firms, Genesis’ connection to retail investors, and whether it or other industry participants might have violated securities laws.” The publication cited Alabama as one of the states that is looking into The post Genesis Global Capital investigated by U.S. regulators: Barron’s appeared first on The Block.
Binance CEO Chanpeng Zhao said the industry is in a “healthier” place after a “nasty” 2022, and he expects better thing in 2023. “I would expect recovery,” Zhao said at a Binance event in Athens. “So, I think 2022 was a really nasty year, the last six month was like too much has happened. Now The post Binance’s Zhao says industry is ‘healthier’ after a ‘nasty’ year appeared first on The Block.
El Salvador’s president said it is buying a bitcoin a day, but information about the country’s purchases is not available to the public. The post How much bitcoin does El Salvador have? Good luck getting an answer. appeared first on The Block.
