Crypto firm Casa will offer customers the ability to store ether, with its CEO referencing the FTX collapse as a reason for its appeal. “A lot of people learned the hard lesson of why holding yo...
Tag: Crypto Ecosystems
Prosecutors seek arrest warrant for Terraform Labs’ co-founder Daniel Shin: Yonhap
Prosecutors in South Korea are reportedly seeking an arrest warrant for Terraform Labs co-founder Daniel Shin. The Seoul Southern District Prosecutors Office said Wednesday that it is seeking th...
Qredo-incubated hybrid crypto exchange breaks cover: Exclusive
Ankex, a new hybrid crypto exchange incubated by DeFi infrastructure firm Qredo, announced its launch today. Qredo builds decentralized tools that help DeFi outfits with settlement, custody an...
Kaiko launches market data product tracking Aave, Compound and MakerDAO: Exclusive
Crypto data firm Kaiko announced the launch of a product tracking market data for DeFi lending and borrowing protocols on Ethereum. The Paris-based firm’s new data product will track Aave,...
Coinsquare confirms data breach, says customer assets ‘not at risk’: CoinDesk
Canadian crypto firm, Coinsquare, shed more light on a “data incident” in an email the exchange sent to customers on Friday, according to a CoinDesk report. The incident initially occurred on No...
Tron Takes Advantage of FTX Fiasco
November 26, 2022, 1:12AM EST • 7 min read 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 brid...
Justin Sun, Tron DAO line up to contribute to Binance recovery fund: Exclusive
Blockchain operator Tron DAO and Justin Sun, its billionaire founder, have applied to contribute capital to Binance’s industry recovery fund. Binance published details of the fund yesterday afte...
Synapse: Enhancing Cross-Chain Interoperability
November 24, 2022, 11:54AM EST • 8 min read Quick Take Synapse is a cross-chain interoperability protocol that enables composability across different chains. The Synapse bridge leverages the protocol ...
Polkadot-based protocol t3rn raises $6.5 million: Exclusive
t3rn, a Polkadot-based blockchain interoperability protocol that aims to facilitate cross-chain transactions, has raised $6.5 million in a strategic funding round. Polychain Capital led the roun...
The Block: Bitcoin mining stock report: Wednesday, November 23
Most bitcoin mining stocks tracked by The Block traded higher on Wednesday, some by double digits. The spike took place after Gov. Kathy Hochul signed a partial cryptocurrency mining ban into New York...
BNB Chain Solidifies its DeFi Market Share
November 23, 2022, 1:45PM EST • 6 min read Quick Take The BNB Chain ecosystem has gained outsized attention in recent weeks after what started as a public dispute between the founders of Binance and F...
Cosmos-based DeFi protocol Onomy raises $10 million: Exclusive
Onomy, a Cosmos-based decentralized finance protocol, has raised $10 million in a private token funding round. The round was backed by investors including Bitfinex, GSR, Ava Labs, CMS Holdings a...
Inside Aptos — the $1.9 billion blockchain born out of the shuttered Libra project
Episode 116 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro and Kevin Peng, and Aptos Co-Founders Avery Ching and Mohammed Shaikh. Listen below, and subscribe to...
New York Governor Hochul signs moratorium on proof-of-work mining
New York Governor Kathy Hochul has signed a bill cracking down on crypto mining in the state. The bill imposes a two-year moratorium on new permits for proof-of-work mining operations that rely ...
Tornado Cash developer Alexey Pertsev detained another three months
Alexey Pertsev, the creator of the crypto mixer Tornado Cash, will be detained in a Dutch jail for another three months, Pertsev’s wife Ksenia Malik confirmed. Dutch authorities arrested P...
Netherlands man arrested for allegedly laundering money with bitcoin
A man in the Netherlands was arrested for allegedly laundering money using bitcoin. Prosecutors claim there were links to trading on the dark web. The 42-year-old man, from the municipality of M...
Genesis warns of possible bankruptcy without funding: Bloomberg
Genesis is having a hard time raising cash for its lending unit, and it is warning potential investors it could possibly file for bankruptcy if it is unable to do so, Bloomberg reported, citing people...
Solana Ecosystem Contends with FTX Fallout
November 18, 2022, 3:09PM EST • 11 min read 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 bri...
Exchanges rushed to show proof of reserves. It’s not enough.
Centralized exchanges still standing after the fall of FTX rushed to show proof of reserves. It’s a nice show, but it’s not enough, experts say. Proof of reserves — or showing exactl...
Looking into Proof-of-Reserves of Major Exchanges
November 18, 2022, 8:54AM EST • 6 min read Quick Take Rapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion. After the fall of FTX, the crypto community has publ...
Temasek writes down $275 million investment in FTX
Temasek, Singapore’s sovereign wealth fund that manages about $300 billion, has written down all of its $275 million investment in FTX and FTX US. Temasek had invested $210 million for a 1...
The Block: Accessing Web3: Developments and Opportunities
As decentralized applications (dapps) continue to evolve, the tools needed by developers and users to make effective use of them have become more sophisticated. Trends such as decentralized fina...
Matter Labs raises $200 million to boost zkSync adoption and grow its team
Matter Labs, the parent company of Ethereum scaling protocol zkSync, has raised $200 million in a Series C round. Blockchain Capital and Dragonfly led the investment, with participation from Li...
Gemini Earn unable to meet customer redemptions as Genesis unit pauses withdrawals
Crypto exchange Gemini said its Earn program “will not be able to meet customer redemptions within the service-level agreement of five business days” following the announcement that lendin...
Kraken’s Ogilvie says staking adoption set to skyrocket
Prior to the fall of FTX, Ethereum’s shift to proof-of-stake was all the rage in crypto circles. Two months removed from The Merge, Ethereum is still playing catch-up with more mature staking networks...
FTX was custodian for majority of tokens on DeFi lending platform Oxygen
DeFi prime brokerage Oxygen said FTX acted as the custodian for the majority of the tokens on its ecosystems, adding that it has sought legal help. “Whilst FTX Group did not hold any equit...