A shuttered crypto transaction mixer once sanctioned by U.S. regulators may have returned under a new name, according to an analysis by crypto firm Elliptic. Elliptic said that on-chain data sho...
Tag: Crypto Ecosystems
Former Jump Trading developers raise $19 million to build Monad blockchain
Monad Labs, a Layer 1 blockchain project co-founded by former Jump Trading developers, raised $19 million in funding led by Dragonfly Capital. Other investors included Placeholder Capital, Lemni...
Credit Suisse leads $65 million Series B in digital asset firm Taurus
Taurus SA, a Switzerland-based digital asset infrastructure company focused on servicing financial institutions in Europe, raised $65 million in a Series B funding round. Credit Suisse, Switzerl...
Magic Eden lays off 22, about 15% of staff in latests workforce cuts
Magic Eden laid off 22 people as companies across the industry cut staff amid industry-wide cuts. That amounts to about 15% based upon the 141 employees listed on LinkedIn. Magic Eden is the lat...
Tether dominates Brazil as bitcoin, ether fall out of favor
In a country where economic instability is as common as coconuts, Brazilians appear to favor the stablecoin tether as their cryptocurrency of choice. The federal tax authority, which compiles data fro...
Paxos ‘categorically disagrees’ with SEC in calling BUSD a security
Paxos said it “categorically disagrees” with the U.S. Securities and Exchange Commission in calling Binance USD (BUSD) a security. The stablecoin issuer said it got an SEC Wells noti...
Galaxy Digital gets approval for Bahamas subsidiary amid rising US regulatory uncertainty
Galaxy Bahamas, a subsidiary of Mike Novogratz’s crypto investment firm, received approval from the Securities Commission of The Bahamas in December for registration as a digital asset business ...
Paxos will no longer issue Binance USD stablecoin
The New York Department of Financial Services (NYDFS) ordered crypto infrastructure firm Paxos to stop issuing the stablecoin Binance USD (BUSD), a Binance spokesperson told The Block. “Pa...
US government partner Mitre is hiring a web3 economist
Not-for-profit U.S. government partner Mitre is seeking a new economist to help analyze and evaluate the web3 ecosystem, according to a job advertisement posted to LinkedIn. The job advert calls...
Nexo will stop its Earn Interest Product for US clients in April
Following a settlement with the U.S. Securities and Exchange Commission announced last month, crypto lending platform Nexo will stop its Earn Interest Product for all U.S. clients, which include both ...
Binance says it’s adjusting Tron network withdrawal fees to previous levels
Binance, the leading crypto exchange by trading volume, said Saturday that it had reverted withdrawal levels on the Tron network to previous levels after feedback from the community. “Bina...
Ethereum cofounder Vitalik Buterin donates 99 ether to Ahbap Earthquake Support
Ethereum cofounder Vitalik Buterin donated about $150,000 in ether to Ahbap Earthquake Support to help with the recent disaster in Turkey and Syria. The news comes from Etherscan transaction dat...
Coinbase says its staking services are not securities
Missteps in regulating the technology underlying staking ecosystems may have serious — and negative — consequences, including forcing U.S. consumers to less-regulated foreign platforms, Coinbase Chie...
PayPal pauses stablecoin project amid Paxos probe: Bloomberg
PayPal’s putting work on its stablecoin on ice amid increasing regulatory scrutiny, Bloomberg News reported, citing a source. The news came a day after a report that the New York Departmen...
More than 100,000 ETH has gone through MEV-Boost since The Merge
The amount of ETH distributed via the maximal extracted value (MEV) tool from Flashbots, MEV-Boost, recently surpassed 100,000 ETH ($162 million) since the Ethereum Merge last September, according to ...
Paxos facing probe by New York regulator: CoinDesk
Stablecoin issuer Paxos is being investigated by the New York Department of Financial Services, according to a CoinDesk report. The news comes after rumors that Paxos was asked to withdraw an ap...
OP token trades down after second airdrop reward from Optimism
Optimism users who delegated their voting power or spent gas transacting on the Layer 2 network received a portion of an OP token airdrop today as part of the network’s plan to power its mainnet. ...
Su Zhu unveils new OPNX exchange for trading trapped crypto funds
Su Zhu, a co-founder of the collapsed crypto hedge fund Three Arrows Capital, said Thursday that a waitlist is now open at a new marketplace called OPNX for trading claims and derivatives related to f...
Discounts, premiums narrow for Ethereum liquid staking derivatives ahead of Shanghai
Discounts and premiums on Ethereum liquid staking derivative (LSD) tokens have fallen ahead of the upcoming Shanghai-Capella upgrades. The top five biggest LSDs have narrowed toward their notion...
Modular blockchain Dymension raises $6.7 million in private token round
Dymension, a modular blockchain that leverages Cosmos’s and Celestia’s technologies, raised $6.7 million in a seed funding round. Big Brain Holdings and Stratos led the round, with M...
Tether reports $700 million Q4 net profit in latest attestation report
Stablecoin issuer Tether released its latest attestation report on Thursday, reporting a profit of $700 million in the fourth quarter of 2022, which it reinvested into its reserves. “Tethe...
Coinbase’s Armstrong says staking restrictions would be ‘terrible path for the U.S.’
Coinbase CEO Brian Armstrong used a Twitter thread to warn about what he said would be a “terrible path” for the U.S. if it were to restrict crypto staking in the country. “We&...
Crypto Twitter pokes fun at Twitter, on Twitter, amid reports of problems
Crypto Twitter took to the social network on Wednesday afternoon to poke fun at the service run by Elon Musk amid reports of an outage that left some users unable to tweet. “Elon can’...
Robinhood’s crypto trading revenue dips 24% in Q4, along with most everything else
Robinhood saw transaction revenue fall in the fourth quarter from the previous period, including a 24% decline in cryptocurrencies, while a slew of other numbers also took a turn lower. The firm also ...
VRRB Labs raises pre-seed round at $20 million valuation as it builds its own Layer 1
VRRB (pronounced “verb”) Labs, a Miami-based crypto startup that is developing a Layer 1 blockchain network, raised $1.4 million in a pre-seed funding round. Investors in the round i...
Argo Blockchain mined 14% more bitcoin in January than December
Argo Blockchain’s bitcoin mining production increased 14% in January, producing 168 BTC, compared to 147 BTC in December 2022. “The increase in BTC mined was primarily due to fewer c...
Starbucks, Warner Music among billion-dollar brands turning to Polygon to tap web3
Episode 7 of Season 5 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Polygon Labs President Ryan Wyatt. Listen below, and subscribe to The Scoop on Apple, Spotify, ...
Chorus One brings MEV protocol to Solana
The Solana blockchain may see a new open-source approach to maximal extracted value (MEV), according to a white paper produced by blockchain protocol architect, Chorus One. The version of MEV fo...
Bitcoin, ether retrench after rising with traditional markets on Fed Chair comments
Cryptocurrencies rose alongside traditional markets in response to comments delivered by Federal Reserve Chair Jerome Powell at The Economic Club in Washington before turning lower. Bitcoin rose...