Could a future version of the internet allow people to turn what turns them on into cash and rewards? That’s what some web3 leaders believe, turning personal data into a sort of side hustle. ...
Tag: The Block
Bitcoin and ether down; Silvergate plunges 40%
Crypto prices steadied while stocks tied to digital assets sank on ratings news and financial results. Bitcoin was trading at roughly $16,800 by 1 p.m. ET, down 0.3%, according to TradingView d...
Coinbase shares drop 10% as Cowen downgrades stock and slashes price target
Coinbase shares fell shortly after the open as Cowen analysts downgraded the stock and cut their price target, citing dwindling retail volumes, lower revenue expectations and a harsh regulatory enviro...
Senator who spearheaded SBF-backed crypto bill to retire
Sen. Debbie Stabenow, D-Mich., will not seek reelection in 2024. “Inspired by a new generation of leaders, I have decided to pass the torch,” she said in an announcement, with plans to se...
2022 Edition- Presented by Solana Foundation and Ava Labs
The Block Research was commissioned by Ava LabsAva Labs and the Solana Foundation to produce Comparing Layer-1 Platforms: 2022 Edition, which provides an in-depth study across ten dominant Layer-1 (L1...
Coinbase to pay $100 million over failure to scale AML as business boomed
Coinbase reached a $100 million settlement with the New York Department of Financial Services following investigations into failures in its compliance program. The NYDFS fined Coinbase $50 milli...
U.S. regulators issue post-FTX collapse crypto warning to banks
U.S. banking regulators remain skeptical of banks holding digital assets. The Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. put out a jo...
Bitcoin mining difficulty down 3.6% while revenue pops 0.9% in December
Bitcoin mining difficulty is down 3.6%, following a winter storm that led a number of miners to power down. The update was posted in the early hours of Tuesday, according to BTC.com. Diffi...
Bankman-Fried pleads not guilty to criminal charges
Disgraced former FTX CEO Sam Bankman-Fried pleaded not guilty to fraud charges in a New York federal court on Tuesday. Bankman-Fried faces multiple charges, including wire fraud and campaign fin...
Bitcoin miner Riot Platforms drops ‘blockchain’ in rebrand
Riot Blockchain, one of the largest bitcoin miners in the industry, is rebranding its name to Riot Platforms to reflect the company’s diversified business operations, it said in a statement on T...
Bitcoin miner Stronghold to convert $17.9 million of debt into equity
Bitcoin miner Stronghold reached an agreement with noteholders that will see $17.9 million of debt be turned into equity. The notes will be extinguished in exchange for a new series of convertib...
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...
Bitcoin dips while dogecoin drops 10% and MicroStrategy stock falls
Crypto prices fell over the past week as dogecoin led the losses. Crypto stocks traded higher for the most part, while MicroStrategy declined. Bitcoin was changing hands for $16,550 at 10 a.m. ...
Bitcoin’s mining industry is in survival mode. What’s in the cards for 2023?
Bitcoin miners are clinging to life. It’s a far cry from a year ago, when they were racing to keep up with incessant demand. So what’s in store for miners in 2023? Bankruptcies have...
Compass Mining wins $1.5 million in court ruling against hosting provider
A judge ruled in favor of bitcoin miner Compass Mining after the company sued hosting provider Dynamics Corp in June. The company was ordered to pay a total of $1.47 million by a Delaware Court ...
BlackRock among bankrupt miner Core Scientific’s creditors
Investment firm BlackRock is among the largest creditors of bitcoin miner Core Scientific, which filed for Chapter 11 bankruptcy last week. Its subsidiaries committed $17 million of the new $75 ...
Top episodes recapping the 2022 crypto landscape
Throughout this landmark year, The Scoop podcast provided a window into the individuals, ideas and stories shaping the burgeoning crypto industry. From CEO interviews with Coinbase’s Brian...
Galaxy Digital pops day after Argo mining acquisition announcement
Galaxy Digital shares rose more than 13% a day after saying it would buy Argo Blockchain’s Helios mining facility. The company will pay $65 million for the facility and will also provide a...
Grayscale’s GBTC’s beating this year very likely to persist
Grayscale’s flagship product, the Grayscale Bitcoin Trust (GBTC), grabbed headlines throughout the year — typically for the wrong reasons. Grayscale foresees a limited possibility of relief over...
Bankman-Fried arraignment in New York set for next week
Disgraced FTX founder Sam Bankman-Fried will be arraigned by the U.S. District Court for the Southern District of New York next week. Court documents set Bankman-Fried’s arraignment on Jan...
Bitcoin, ether dip as crypto stocks trade higher
Crypto prices dipped after a week of relatively flat trading, while crypto-related stocks traded higher with Coinbase adding 2%. Bitcoin traded at around $16,700 at 9:30 a.m. ET, dropping about ...
Gemini, Winklevoss twins facing potential class action from investors
The Winklevoss twins and their Gemini Trust Co. are facing a potential class action lawsuit for failing to register its interest-bearing accounts as securities. Investors accused the company and...
Coinbase all-time low kicks off slow holiday week
Coinbase fell 8% to an all-time low of $32.65 in a slow day of trading alongside the S&P 500 and Nasdaq. Other crypto-related stocks fell, including Galaxy Digital and MicroStrategy. &...
Crypto markets little changed after Christmas; Bitcoin at $16,800
Crypto prices have mostly kept steady through the beginning of the week, with bitcoin and ether fluctuating 0.2% over the past 24 hours. The coins traded at around $16,800 and $1,200, respective...
Biggest crypto c-suite departures of 2022
This was the year of exchange collapses, bankruptcies and the executives leaving their positions mid-scandal. Trouble started in May when the TerraUSD stablecoin de-pegged from the dollar befo...