Following days of inactivity, the address associated with the theft of $323 million worth of ETH from the cross-chain protocol Wormhole began shuffling assets, Etherscan records show. News of th...
Tag: Crypto Ecosystems
Ivan on Tech’s Moralis becomes latest crypto firm to cut headcount
Moralis, a blockchain infrastructure firm co-founded by popular crypto content creator Ivan Liljeqvist (aka Ivan on Tech), is the latest crypto company to cut jobs, Liljeqvist told The Block. “I...
New tool lets Tornado Cash users privately show their funds were not illicit
A tool built by Chainway lets Tornado Cash users prove their initial deposits were not from a list of wallets containing stolen funds — without revealing their own address. Called Proof of Innoc...
The ‘age of tokenization’ of real-world assets is coming
There are a lot of reasons to be bullish on what’s happening with Ethereum even if you can’t unstake your ETH just yet, Ether Capital CEO Brian Mossoff said in an interview with The Block. Mosso...
Cathie Wood-backed 21shares offers first staking index ETP
Cathie Wood-backed 21Shares unveiled the 21Shares Staking Basket Index ETP, the first crypto staking index ETP offering diversified staking income. The 21Shares Staking Basket Index ETP tracks p...
Shiba Inu rises after announcing Layer 2 launch as bone token pops; US markets closed
Shiba Inu and bone led gains after the announcement of a Layer 2 network for the ecosystem. U.S. markets are closed to observe Martin Luther King Jr. Day. Bitcoin was trading at $20,770 at 9 a....
Alameda liquidators get liquidated on Aave as they try to consolidate funds
Alameda liquidators lost $72,000 on DeFi lending platform Aave after getting liquidated themselves while attempting to recover funds for creditors. The liquidators were trying to close the posit...
ConsenSys launches private beta testnet for zkEVM scaling technology
ConsenSys, the blockchain infrastructure platform behind Metamask and Infura, opened a private beta testnet for a new scaling and privacy technology called zkEVM that’s built on top of Ethereum. ...
Ondo Finance launches three tokenized U.S. Treasuries and bonds
Ondo Finance, a DeFi firm offering decentralized investment opportunities, has launched tokenized versions of U.S. treasuries and bonds. These tokenized products let stablecoin holders invest i...
CFTC files its own case against Mango Markets exploiter
The Commodity Futures Trading Commission is suing Avraham Eisenberg, aka Mango Avi, over alleged manipulation of swaps on Mango Markets, a decentralized exchange on the Solana blockchain. The n...
Wallet associated with Justin Sun moves $100 million to Huobi
A wallet associated with Tron founder Justin Sun moved $100 million of stablecoins to crypto exchange Huobi. Two transactions took place at 11:10 a.m. UTC, moving $50 million each of USDC and USDT, as...
Balancer warns $6.3 million of funds at risk, urges LPs to remove liquidity
Decentralized exchange Balancer warned its liquidity providers to withdraw funds from five pools where $6.3 million of funds are at risk. This appears to be part of a larger potential exploit or...
The Block: The Block Research’s Analysts: 2023 Predictions
Consensus predictions Overall macro environment will continue to put downward pressure on high-risk assets like crypto. However, sideways action over the next year is more likely than a severe s...
Bitfarm’s COO Geoffrey Morphy promoted to CEO
Bitcoin mining firm Bitfarm promoted Geoffrey Morphy to the position of CEO after Emiliano Grodzki resigned from the post. Morphy, who previously served as chief operating officer, will also rem...
Binance warns about 3Commas API leak, says users should disable keys
Binance CEO Changpeng Zhao said he’s “reasonably sure” there were “wide spread API key leaks” from trading-bot platform 3Commas after fresh speculation about an October i...
DeFi trader Mercurial rebrands to distance itself from FTX collapse
Stablecoin DEX Mercurial is rebranding to Meteora in an attempt to distance itself from FTX. Mercurial, which provides liquidity for major stable and pegged assets on Solana, said it will repla...
From FTX to the Merge, 2022’s defining moments
2022 was defining for crypto, albeit not in a good way. Greed and exuberance took hold only to unravel in spectacular fashion. The year started with attention on the timing of The Merge, which b...
BTC.com parent BIT Mining hacked, $3 million in assets taken
BTC.com parent company BIT Mining Limited said it was hacked earlier this month, with about $700,000 in client assets and $2.3 million in company assets stolen. The publicly-traded firm said it ...
BitKeep crypto wallets hacked after thieves create ‘unofficial’ Android app
BitKeep user wallets have been hacked and funds stolen. The theft appears to have occurred on unofficial APK package downloads that were hijacked and installed with code implanted by hackers. So...
Larry Cermak unpacks The Block Research’s 2023 Digital Asset Outlook Report
Episode 129 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Larry Cermak Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Sti...
Crypto has the highest ‘talent density’ since the internet’s early days, says GSR CEO
Episode 128 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro and GSR CEO Jakob Palmstierna. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Pod...
Most mining stocks decline on Thursday
Most Bitcoin mining stocks tracked by The Block fell on Thursday. Bitcoin was down and trading a bit under $16,800 by market close, according to data from TradingView. BTCUSD Chart b...
Stocks tumble as Core Scientific files for bankruptcy
Most Bitcoin mining stocks tracked by The Block declined on Wednesday, as Core Scientific filed for Chapter 11 bankruptcy protection. Bitcoin was up and trading a bit under $16,800 by market clo...
Coinbase hit an all-time low yesterday but says it’s not all bad news. Mostly.
It’s been a tough year for crypto. But Coinbase, whose stock has been flirting with an all-time low, laid the ground for optimism in its 2023 Crypto Market Outlook. Factors including susta...
Stocks mixed as bitcoin rallies
Bitcoin mining stocks tracked by The Block showed mixed results Tuesday, with about half trading up and the other half down. Bitcoin was up and trading a bit under $16,900 by market close, accor...
Decentralized market maker Arrakis Finance raises $4 million: Exclusive
Arrakis Finance, a decentralized market-making protocol, raised $4 million in a seed funding round. Investors included Uniswap Labs Ventures, Accel, Polygon Ventures and Robot Ventures. There wa...
The Block: US prosecutors probing Bankman-Fried’s political donations: NY Times
U.S. federal prosecutors are seeking more information about political donations made to Democrat and Republican lawmakers by former FTX CEO Sam Bankman-Fried and two executives he worked with, accordi...