Sam Bankman-Fried, the founder and former CEO of FTX, is expected to tell a court in the Bahamas on Monday he will no longer contest extradition to the United States, where he is facing criminal fraud...
Tag: Crypto Ecosystems
Bitvavo unable to access 280 million euros held at DCG
Dutch cryptocurrency exchange Bitvavo said it can’t access 280 million euros ($297 million) held at Digital Currency Group, according to a company blog post.Bitvavo also said the U.S.-based Digital Cu...
Why FTX’s collapse is a ‘crucible moment’ for Solana
Episode 125 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Solana co-founders Raj Gokal and Anatoly Yakovenko. Listen below, and subscribe to The Scoop ...
Core Scientific continues its rally
Despite most mining stocks falling, Core Scientific continued its rally by finishing up 72% today. Bitcoin was valued at around $17,400 at the close on Thursday, Dec. 15, according to data from...
Ethereum Remains Dominant Amidst Major Impacts to DeFi Ecosystem
December 9, 2022, 8:23PM EST • 9 min read Quick Take Ethereum continues to be the largest DeFi ecosystem by far, and has consequently endured significant impacts from the collapse of FTX and Alameda T...
Three Arrows Capital co-founder says it wasn’t luna that took it out, but FTX
It wasn’t the collapse of the cryptocurrency luna that ultimately caused the downfall of Three Arrows Capital, according to 3AC co-founder Kyle Davies. Instead, it was the firm’s final position being ...
This DeFi project created a way to bet on the entire NFT market
Episode 123 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro and Cryptex co-founder Joe Sticco. Listen below, and subscribe to The Scoop on Apple, Spotify, Google...
Tranchess launches qETH for non-custodial liquid staking on Ethereum
Tranchess, a liquid staking provider for the BNB ecosystem, will expand liquid staking on Ethereum with the launch of a non-custodial staking service and the qETH token. A majority of leading li...
Marathon shares fall 7% after November operational update
Almost all of the bitcoin mining stocks tracked by The Block traded lower on Wednesday, and three firms saw double-digit declines. Bitcoin was trading at around $16,800 by market close, accordin...
DeFi derivatives protocol Perennial raises $12 million, launches mainnet
Perennial, a decentralized finance protocol for trading derivatives, raised $12 million in a seed funding round. Polychain Capital and Variant co-led the round, with Archetype, Coinbase Ventures...
Crypto market has experienced an ‘education by fire,’ says Loomdart
Episode 122 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Larry Cermak, and Loomdart, co-founder of eGirl Capital. Listen below, and subscribe to The S...
Rapid Insights: Curve’s Stablecoin Protocol
December 6, 2022, 9:20AM EST • 4 min read Quick take Curve initially gained popularity as an exchange for similarly priced assets, but has since expanded to other DeFi products. Recently, Curve rele...
Nexus Mutual moves to divest, expects $3 million loss with Maple Finance
The domino effect of companies embroiled in a crypto-lending liquidity crunch that followed the collapse of FTX continues, with Nexus Mutual now seeking to divest from the Maple Finance M11 Credit wET...
Rapid Insights: Auros’ Uncollateralized DeFi Loans
December 5, 2022, 1:22PM EST • 5 min read Quick Take Rapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion. The fallout of FTX has caused an industry-wide credit...
Uniswap-based DeFi protocol Panoptic raises $4.5 million
Panoptic, a Uniswap-based decentralized finance protocol for trading perpetual options, raised $4.5 million in a seed funding round. Gumi Cryptos Capital led the round, with Uniswap Labs Venture...
Maple token down more than 24%, cuts ties with Orthogonal Trading following $36 million default
Maple Finance’s token, Maple (MPL), plummeted on Monday following the revelation that Orthogonal Trading defaulted on $36 million of loans on the crypto lending protocol. Orthogonal Trading inte...
Orthogonal Trading defaults on $36 million of loans on Maple Finance
Orthogonal Trading has defaulted on $36 million of loans on crypto lending protocol Maple Finance after the investing firm’s funds became tied up on bankrupt exchange FTX. The default at...
Analyzing Ankr’s Liquid-Staking Protocol Infinite Mint Exploit
December 3, 2022, 7:31PM EST • 8 min read Quick Take Rapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion The Ankr protocol’s liquid-staking derivative, aBNBc, ...
On-chain Perpetual Swaps Trends in 2022 and Post-FTX
December 2, 2022, 2:20PM EST • 7 min read Quick Take The collapse of FTX highlighted the shortcomings of centralized exchanges. Self-custody could have been the main catalyst to drive further adoption...
Ngrave looks to raise $15 million Series A at $60 million pre-money valuation
Ngrave, a crypto hardware wallet manufacturer, is aiming to raise $15 million in a Series A funding round, according to a pitch deck obtained by The Block. Binance Labs is leading the round, a s...
2022 Review of Optimistic Rollups
December 1, 2022, 2:43PM EST • 6 min read Quick Take The growth of optimistic rollups in 2022 has been significant, largely due to the spike in Optimism’s growth after the launch of its governance tok...
Apple disables version of Coinbase Wallet over NFT gas fees
Apple blocked the latest version of Coinbase Wallet until a feature that allows users to send NFTs over iOS is disabled, according to the exchange. “Apple’s claim is that the gas fees required t...
‘I wasn’t even trying to do risk management,’ Sam Bankman-Fried tells ABC
Sam Bankman-Fried claimed that he didn’t spend time doing any risk management at FTX in yet another interview following the exchange’s collapse. The now disgraced FTX co-founder stru...
The Block: Bitcoin mining stock report: Wednesday, November 30
Most bitcoin mining stocks tracked by The Block rose alongside Bitcoin, which returned to the $17,000 level by market close, roughly a 3.6% increase from yesterday, according to data from TradingView....
SCB 10X opens new web3 collaborative space in Bangkok: Exclusive
SCB 10X — the venture unit within Thailand’s oldest bank group, Siam Commercial Bank (SCB) group — opened a a 10,000-square-foot web3 collaborative space in Bangkok. Called DistrictX, the ...