Virtual land developer LandVault, which has worked with global brands like Mastercard, L’Oreal and Heineken, announced it has signed with top talent agency Creative Artists Agency. CAA will adv...
Tag: The Block
Bitcoin, crypto prices bounce back following DOJ announcement
Bitcoin, ether and other crypto prices recovered as the U.S. Department of Justice announced an enforcement action against a little-known exchange called Bitzlato. Bitcoin was trading around $21...
ConsenSys confirms 11% staff cut
Blockchain software company ConsenSys has laid off about 11% percent of its staff. The round of cuts affected a total of 96 employees, the firm said in a statement on Wednesday, confirming repor...
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...
Digital Asset Funding Landscape presented by HashKey Capital
The Block Research was commissioned by HashKey Capital to produce The Digital Asset Funding Landscape, which provides an in-depth study of investments in crypto since 2017. The digital asset landscap...
Pantera and Archetype co-lead $12.5 million Series A round for Obol Labs
Obol Labs, a startup aiming to make proof-of-stake blockchains more secure, raised $12.5 million in Series A funding. Investment firms Pantera Capital and Archetype co-led the round, with addit...
Coinshares sees first inflow of ETH after two months; AUM up most since 2021
Coinshares saw the first inflows into ethereum in two months as assets under management rose 13% thanks to the recent increase in crypto prices, the largest gain since Oct. 2021. Digital asset i...
Vauld gets creditor protection until Feb. 28 — shorter than requested
Troubled Asian crypto lender Vauld has received a further extension to its legal protection from creditors — albeit a shorter delay than requested. The company now has until Feb. 28 to explore o...
The storm has passed, but bitcoin mining difficulty is about to blow through the roof
Bitcoin miners are bracing for a massive jump in difficulty this weekend. The increase could land somewhere around 10%, according to estimates from BTC.com, Bitrawr, Luxor and Braiins. Numbers c...
Bitcoin breaks $20,000 as crypto stocks surge
Bitcoin, ether and other cryptocurrencies extended last week’s rally heading into the weekend. After flirting with the psychological breakthrough level for several days, bitcoin broke pas...
Alameda lost $1 million in liquidations: report
Troubled crypto trading firm Alameda Research lost over $1 million in assets from liquidation last night, according to a report from the crypto intelligence firm Arkham. The account initially he...
Bitcoin steady above $19,000 at the US close as traditional markets rise
Bitcoin was up o.6% at the close of U.S. markets, trading around $19,460 while traditional markets reversed earlier losses to close higher. The biggest cryptocurrency is up almost 16% over the ...
Gemini, Winklevoss twins hit with new lawsuit seeking class-action status
Crypto exchange Gemini and its co-founders, Tyler and Cameron Winklevoss, were hit with a lawsuit that’s seeking class-action status. The main plaintiff, Joshua Berdugo, invested $13,000 i...
Crypto execs agree lending needs to mature, outgrow its cliquish nature to thrive
Crypto lending needs to diversify if it hopes to thrive, according to panelists speaking at the CFC Conference in St Moritz. The bull cycle of 2021 marked a period of wild exuberance that sent t...
FTX gets judge’s approval to start selling LedgerX and other units
Collapse crypto exchange FTX got the judicial green light to begin selling parts of its business, the next step in raising money to repay its more than one million creditors. LedgerX, Embed and ...
The Block: Bitcoin mining report: Jan. 12
Bitcoin mining stocks tracked by The Block were higher on Thursday, with all 19 gaining. Bitcoin rose 7.5% to $18,857 by market close. Here is a look at how the individual miners performed...
Crypto players lament sputtering OTC trading as mistrust flourishes post-FTX
The crypto OTC market is sputtering, and that has otherwise high-spirited crypto enthusiasts bummed out. Amid a dramatic backdrop of snow-capped mountains in the Swiss Alps, crypto investors lam...
Bitcoin approaches $19,000, rises 8% following inflation data
Cryptocurrency prices are surging following the U.S. inflation report and crypto-related stocks were mostly higher. Bitcoin was trading at $18,677 at 1:30 p.m. EST, up 8% over the past 24 hours...
Bitcoin inches higher, GBTC discount narrows as share price perks up
Crypto prices remain in the green while related stocks were mixed in pre-market trading. GBTC’s continuing its positive start to the year. Bitcoin was trading at $17,400 at 8:45 a.m. EST, ...
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...
Senators voice concerns over law firm’s role in FTX bankruptcy
Four lawmakers lambasted a prominent law firm’s role in FTX’s bankruptcy proceedings and called for an independent examiner to oversee the investigation into the crypto exchange’s collapse. Sen...
Coinbase to cut 20% of staff in latest round of layoffs
Coinbase has implemented another round of layoffs, affecting 950 employees and reducing its operating expenses by 25%. After examining the firm’s prospects for 2023, Coinbase CEO Brian Arm...
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...
Ripple’s XRP leads CoinShares inflows in otherwise down week
Ripple’s XRP saw inflows at CoinShares in the first week of the year as investors fled bitcoin and ether. About $3 million was added in XRP, representing 9% of CoinShares’s assets un...
FTX businesses including LedgerX draw interest from over 100 potential buyers
Roughly 117 parties are interested in buying entities of the FTX, according to a new legal filing in the troubled crypto exchange’s bankruptcy case. The crypto giant filed for bankruptcy protec...
Bitcoin blasts through $17,000 amid wider market rally
Bitcoin blasted past $17,000 amid a wider market rally that sent crypto-related stocks and traditional markets higher. The biggest cryptocurrency increased 1.8% in the past 24 hours to $17,260...
Bitcoin futures activity fell off cliff in December
Bitcoin futures trading plummeted as 2022 came to a close. Bitcoin futures volumes were just $386.6 billion in December, according to The Block’s data. Volumes were down 39% month-on-mont...
Crypto losses in 2022 total $3.9 billion, Immunefi report says
The crypto industry as a whole lost $3.9 billion in 2022, according to a new report from bug bounty platform Immunefi. Of those, only 5.2% were recovered, totaling around $204.2 million across ...
Celsius ruling shines light on crypto user agreement fine print
Experts say a judge’s recent ruling that assets in a yield-bearing account belong to Celsius, not investors, highlights how high the stakes are in bankruptcy proceedings for customers of crypto firms....